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Global Polyurethane Dispersions Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
PUD, or polyurethane dispersion, is a polyurethane polymer resin that has been dispersed in water as opposed to a solvent. The market is expanding because of increased demand from many industries, including the automotive industry, paint & coatings, textile, and leather coatings. Since leather is used to make footwear, handbags, and other items, the demand for leather products is mostly driven by consumer goods, which are also thought to generate demand for polyurethane dispersions. Because water-based polyurethane dispersion has less volatile organic ingredient, it is frequently utilised in car paints.
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By Geography, Europe is projected to have the highest CAGR over the forecast period. The European Union has reduced the maximum permitted level of VOCs in paint and coating formulations (EU). This is anticipated to increase costs for coating manufacturers in the near future and reduce the use of polymer dispersions based on solvents. At its Castellbisbal factory in Spain, BASF announced a low-single-digit million-euro investment to increase the capacity of water-based polyurethane dispersions.
Some of the key players profiled in the Polyurethane Dispersions Market include Covestro AG, Dow Chemical Company, Lanxess AG, Lubrizol Corporation, BASF SE, Alberdingk Boley GmbH, Perstorp AB, Huntsman Corporation, Mitsui Chemical Inc., Rudolf GMBH, Cytec Solvay Group, Chase Corporation, Lamberti SPA, 3M, Michelman, Inc., Hauthaway Corporation, Allnex and Chemtura Corporation.
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