Water-Based Polyurethane Dispersions Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The Water-Based Polyurethane Dispersions (WPUD) market has seen significant growth from 2018 to 2022, driven by increasing demand for sustainable and eco-friendly coatings in industries such as automotive, furniture, textiles, and construction. WPUD is preferred due to its low environmental impact, non-toxicity, and reduced volatile organic compound (VOC) emissions compared to solvent-based alternatives. This market segment has experienced strong expansion as businesses and consumers alike have shifted towards products that comply with stringent environmental regulations and meet sustainable standards.
During the 2018 to 2022 period, the WPUD market saw a steady increase in demand, particularly in North America and Europe, where stricter environmental laws pushed manufacturers to adopt water-based products. The demand was further boosted by the growing adoption of waterborne polyurethane in applications such as wood coatings, automotive finishes, and architectural coatings. The continuous innovation in WPUD technology also contributed to market growth, as improvements in durability, flexibility, and performance attracted a wider range of applications. The market was valued at approximately USD 1.5 billion in 2022, with a compound annual growth rate (CAGR) of 6% from 2018 to 2022.
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Bayer
DSM
Chemtura
Lubrizol
BASF
Alberdingk Boley
Hauthaway
Stahl
Mitsui
UBE
DIC
Reichhold
Wanhua Chemical
Dow Chemical
SiwoChem
SNP
Chase
VCM Polyurethanes
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Water-Based Polyurethane Dispersions Market
Coatings
Adhesive & Sealants
Leather Finishing
Paper & Textile
Fiber Glass Sizing
Others
Based on Types the Market is categorized into Below types that held the largest Water-Based Polyurethane Dispersions market share In 2023.
Two-component PUD
One-Component PUD
Urethane-modified
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Water-Based Polyurethane Dispersions Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Water-Based Polyurethane Dispersions Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Water-Based Polyurethane Dispersions Market, By Type
6. Global Water-Based Polyurethane Dispersions Market, By Application
7. Global Water-Based Polyurethane Dispersions Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Water-Based Polyurethane Dispersions Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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