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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Polyurethane Dispersion Market: By Product, By Application and By Geography
Polyurethane Dispersion Market: By Product, By Application and By Geography
Polyurethane Dispersion Market was valued at US$ 2.0 billion in 2022 and is anticipated to grow at 2.8 billion till 2029 growing at a CAGR of 7.2% during the forecast period 2023-2029. Due to its lower amount of volatile organic compounds (VOPs) and hazardous air pollutants (HAPs), Water-based polyurethane are used in many industrial and commercial applications. The water-based polyurethane method uses a highly reactive polyurethane system to create a low-density foam. This system can be used for a polyurethane precoat and foam single application or a polyurethane coating over a precoat. They are easy-to-use and effective properties as compared to their solvent based analogs. Water based polyurethanes are formulated as air dried or baked coatings for flexible and rigid substrate-such as leather, fabric, plastics, paper and ceramics. Water based polyurethanes dispersion for manufacture of adhesive has excellent performance on heat resistant, fast drying, endurance bonding strength and atomization.
Study Period
2024-2030Base Year
2023CAGR
7.2%Largest Market
Asia-PacificFastest Growing Market
North America
Some of the key factors influencing the Polyurethane Dispersion Market growth include growth in the furniture and interior industries, rising automotive sector, increasing usage in paints & coatings application and flourishing demand for water-based polyurethane systems. However, volatility of raw material prices are hindering the market growth. Further, government regulations regarding environmentally friendly products provides huge growth opportunity for the Polyurethane Dispersion Market.
Global polyurethane dispersion market report gives comprehensive outlook on polyurethane dispersion across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for larger revenue share in global polyurethane dispersion market with considerable CAGR. The growth in this region is due to low labor cost and manufacturing cost with positive government favoring policies. China and India are the major contributors for the growth of the market in the region as there is an increase in automotive industry in the region. In addition, North America held substantial market share during estimated period as it the major consumer of polyurethane dispersions (PUDs) in coatings and automotive industry. Increasing disposable income and changing lifestyle are other factors responsible for market growth in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 2.0 billion |
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Market CAGR |
7.2% |
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By Product |
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By Application |
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By Region |
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The Polyurethane Dispersion Market size was valued at US$ 2 billion in 2022
The Polyurethane Dispersion Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
North America is the fastest-growing for Polyurethane Dispersion Market
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.