Polyurethane Dispersion Market: By Product (Water-based dispersions and Solvent-based dispersions), By Application (Textile Finishing, Natural Leather Finishing, Synthetic Leather and Others) and By Geography  

Polyurethane Dispersion Market was valued at USD 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.

Polyurethane Dispersion Market Key Developments:

• In August 2015, Dow Chemical Company expanded its first Polyurethanes Systems House in Sub-Saharan Africa. This investment represents a significant step in advancing the company's strategy to increase its presence in the emerging markets.