Press release
Polyurethane Dispersions Market Size Expected to Reach USD 3.37 Billion, Trends, Growing Demand Analysis by Companies Strategy and Forecast 2029
Polyurethane Dispersions Market Overview:Polyurethane dispersion (PUD) is simply a polyurethane polymer resin, which is dispersed in water. PUD is an anionic dispersion and has a high molecular weight. These dispersions are produced by the reaction of diisocyanates or polyisocyanates and polyols. Polyurethane dispersion is a technology that involves a two phase system involving dispersion of polyurethanes into water and other liquefying agents. These products have excellent properties such as high tensile strength, thermal stability, aberration resistance and high elasticity. As a result, it has a wide range of applications, which include coatings, sealants, additives, and is also extensively used in leather and textile industries.
The global Polyurethane Dispersions market size was valued at USD 1.85 Billion in 2020 and is expected to grow USD 3.37 Billion by 2029, at a CAGR of 6.9% from 2022-2029.
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Polyurethane Dispersions Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Covestro Ag, Dsm, Basf, Wanhua Chemical Group, Lanxess, Stahl Holding, The Lubrizol Corp, Dow Chemical Company, Huntsman Corporation, Mitsui Chemical, Covestro Ag, Vcm Polyurethanes Pvt. Ltd, Chemtura Corporation. and Others
Recent Development
In February 2021, Lanxess signed a contract to acquire 100% share of Emerald Kalma chemical. With this acquisition, Lanxess expects an additional annual ebitda contribution of around USD 30 million.
In February 2021, Covestro revealed its plans for a new production facility for polyurethane dispersion in Shanghai, China. The company has scheduled the completion of this plant by 2024. With this investment plan, Covestro has also outlined its belief that over the coming years, customers will rely on replacing solvent-based products with water-based solutions.
In January 2020, BASF announced investment in its polyurethane dispersion business in Europe. This investment will increase the company water-based PUD manufacturing capacity by 30%.
Partnerships, Collaborations and Agreements
On December 2020, ALIO, and Royal DSM, have signed a collaboration agreement to reduce the carbon footprint of dairy production in Finland.
On March 2021, Amyris, Inc., a leading synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands and a top supplier of sustainable and natural ingredients, announced that it has signed and closed an agreement with DSM Nutritional Products Ltd., a subsidiary of Royal DSM for the exclusive rights to supply Amyris's product portfolio of flavor and fragrance ingredients. Amyris will continue to develop, scale and manufacture future molecules with its existing partners and DSM.
On June 2021, Evoniik, chemical distributor Biesterfeld Spezialchemie, and CheMondis, a leading B2B online marketplace for chemicals, announced a new cooperation agreement. Evoniik's portfolio for paints, coatings and printing inks of the Coating Additives business line is now available for online purchase on CheMondis.
On August 2021, - Lubrizol Advanced Materials, Inc., and Prince Pipes and Fittings Ltd., signed a definitive agreement of Corzan CPVC Processor for the manufacturing and sale of Corzan CPVC Material and Piping solutions in India. With this collaboration, Lubrizol will broaden its product offerings in the Indian industrial piping sector and will strengthen the position of Prince Pipes and Fittings Ltd in the industrial piping systems in India.
Mergers and Acquisitions
On February 2021, Lanxess signed a contract to acquire a 100% share of Emerald Kalma chemical. With this acquisition, Lanxess expects an additional annual EBITDA contribution of around USD 30 million.
On March 2021, DSM to acquire Amyris' Flavor & Fragrance bio-based intermediates business Royal DSM has reached an agreement to acquire the flavor and fragrance bio-based intermediary's business of Amyris.
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Polyurethane Dispersions Market Segmentation:
Global Polyurethane Dispersions Market by Type, 2020-2029, (USD Million) (Kilotons)
Solvent-Free
Low-Solvent
Global Polyurethane Dispersions Market by Application, 2020-2029, (USD Million), (Kilotons)
Paints & Coatings
Adhesives & Sealants
Leather Finishing
Textile Finishing
Others
Growth Factors:
Increasing demand from the Polyurethane Dispersions industries
The growing use of Polyurethane Dispersions in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Polyurethane Dispersions Market
Polyurethane Dispersions Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and 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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Key Polyurethane Dispersions Market Trends
- The report identifies, determines, and forecasts the Global Polyurethane Dispersions Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Polyurethane Dispersions Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Polyurethane Dispersions Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Polyurethane Dispersions Market.
Frequently Asked Questions (FAQ):
What is the current size of the global polyurethane dispersions market?
Are there any regulations for polyurethane dispersions?
Who are the winners in the global PUDs market?
What is the COVID-19 impact on polyurethane dispersions manufacturers?
What are some of the drivers in the market?
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