Polyurethane Dispersion Market Key Insights and Booming Factors 2031

Posted by Divakar on April 23rd, 2021

Sustainable packaging has become the need of the hour in recent years on account of rising demand for compostable raw materials. Future development of bio-degradable packaging material is expected to be highly reliant on improved adhesives, which, in turn, are dependent on water-based polyurethane dispersion.

Besides, use of a multitude of variants of plastics in modern cars needs superior adhesion for a smoother appeal, which requires automakers to trace back the adhesive manufacturing technology of their raw material suppliers. These factors promise significant opportunities on offer for polyurethane dispersion manufacturers.

As per a new report published by Fact.MR, the global polyurethane dispersion (PUD) market is anticipated to exceed a valuation of US$ 1.9 Bn by the year 2021, and is expected to expand at an impressive CAGR of close to 8% over the forecast period of 2021 to 2031.

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Key Takeaways from Market Study

• In 2020, South Asia and East Asia together accounted for over 50% revenue of the global polyurethane dispersion market.
• The market in South Asia is estimated to grow nearly threefold from 2021 to 2031.
• Water-based polyurethane dispersion accounts for over 55% of the global market revenue.
• The market is expected to generate over US$ 1.2 Bn revenue from leather finishing applications.
• The global market is moderately concentrated, where companies such as BASF, Bayer, The Dow Chemical Company, Alberdingk Boley, and Covestro account for a majority of the market share.

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“Besides offering application-specific polyurethane dispersion, companies have started to focus on sustainable products that abide by local regulations regarding environmental safety,” says a Fact.MR analyst.

Winning Strategy

Water-based polyurethane dispersion is likely to make quick in-roads across regions, replacing solvent-based products on a large scale. This is compelling companies across the world to boost their production capacity of water-based products.

About Fact.MR

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