Polyurethane Dispersions Market

Polyurethane Dispersions Market by Type (Solvent-free and Low-solvent), Application (Paints & Coatings, Adhesives & Sealants, Leather finishing and Textile finishing), and Region – Global Forecast to 2025

Report Code: CH 1329 Apr, 2021, by marketsandmarkets.com

[184 Pages Report] The global PUDs market size is projected to reach 2.7 billion  by 2025 from 1.9 billion in 2020, at a CAGR of 7.1% during the forecast period. The growing demand for PUDs is due to increasing industrialization, construction, and infrastructure activities in APAC, the Middle East & Africa, and South America, and growing demand for environmental friendly solutopns and process es are driving the PUDs market.

Polyurethane Dispersions Market

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COVID-19 impact on Global PUDs Market

The PUDs market are used mainly in construction, automotive, furniture, leather and textile sector. COVID-19 has severely impacted these industries.

  • COVID-19 has made a significant economic impact on various financial as well as industrial sectors, such as travel and tourism, manufacturing, and aviation. With the increasing number of countries imposing and extending lockdowns, economic activities are declining, impacting the global economy. Owing to the country-wide lockdowns, infrastructure activities had come to a halt. According to the IMF, the global economy shrunk by 4.4% in 2020, the steepest slowdown since the Great Depression of the 1930s. In the second half of 2020, most of the countries have started to lift restrictions, and business operations in various sectors have gradually resumed. Despite restrictions being lifted, the industrial, construction, and manufacturing sectors are not expected to resume normalcy until the second half of 2021.
  • Residential & commercial construction and manufacturing sector had come to a grinding halt owing to the pandemic. PUDs demand from this sector is expected to be low to the medium during this crisis period. Some major issues would be a delay in order shipments, supply chain restriction, manpower & equipment shortage, and material shortage. Post conclusion of this crisis, the market is expected to revive, and demand is likely to increase for the PUDs market.
  • The severity of the economic impact of COVID-19—whether moderate or deep recession—will largely depend on the duration of restrictions on the movement of people and economic activities in major economies and on the actual size and efficacy of fiscal responses to the crisis. Urgent and bold policy measures are needed, not only to contain the pandemic and save lives but also to protect the most vulnerable in our societies from economic ruin and to sustain economic growth and financial stability. Industries such as packaging will gain while others are expected to be negatively impacted and grow slowly after the crisis..

Polyurethane Dispersions Market Dynamics

Driver: High demand form textile and leather industries;

The global textile and leather industries are expected to grow with the rising demand for these products. Textile is a major industry in APAC countries, especially China, India, Pakistan, South Korea, and Vietnam. Apart from these countries, Germany, Portugal, Brazil, and the US are major textile manufacturers. Many of these countries are also major exporters of textiles.

The leather industry is another major industry boosting the growth of the PUDs market globally. PUDs are used for the surface finishing of leather. Their use in synthetic leather production is increasing. The rising consumption of leather in the manufacturing of handbags, footwear, seat covers, apparel, and other products is ultimately increasing the demand. Manufacturers in Europe and the Middle East & Africa are increasing their focus on producing PUDs for textile and leather applications even as there is rising competition from Asian and Latin American markets.

Restrain: Increasing demand for acid-epoxy coatings

PUDs plays a major role in the coatings market. However, volatile organic compound (VOC) content in polyurethane coatings is a major concern for the coatings industry. Raw material suppliers need to significantly invest in R&D to develop newer technologies and address the "zero-VOC" target to reduce the negative effects on health and the environment. The European Union (EU) needs to set rules to eliminate tin as a catalyst for polyurethane coatings. In order to overcome these issues, the use of acid-epoxy adhesives is increasing rapidly. These epoxy-based coatings are solvent-free, phenolic resin-based coating systems designed for hard-wearing, smooth surface finish for floors, walls, and steel structures.  

Opportunity: Government regulations regarding environment-friendly products

A great opportunity for the PUDs market is the formulation and imposition of stringent environmental regulations by governing bodies of various economies globally. Various solvents, namely, NMP, NEP, and DMSO that are used in the manufacturing of these dispersions increase VOC emissions. These solvents cannot be easily removed by distillation. The toxicity of such solvents affects the environment greatly. The European and North American regions have banned the consumption of solvent-based polyurethane systems and paved the way for the use of PUDs. The Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) requires substances manufactured or imported into the EU to be registered, unless exempt. The objective of this regulation includes protecting human health and the environment. Governmental organizations such as Local Air Quality Regulators and Environmental Protection Agency (EPA) are continuously assessing the amount of VOCs released from paints & coatings, leather, and textile industries. The imposition of such regulations broadens the market spectrum by providing new opportunities to the players for achieving growthwell.

Challenge: Fluctuating prices of raw materials

Polyols, MDI, and TDI are the major raw materials required for manufacturing PUDs. One of the major disadvantages of this market is that polyols and isocyanates are derived from crude oil. The fluctuations in the prices of crude oil affect the prices of TDI and MDI, which are the main isocyanates preferred for the production of PUDs. In addition, the volatility in crude oil prices affects the raw material supply to the manufacturers, who in turn, are forced to increase the prices of their isocyanate products to compensate for the losses. Any change in the cost of these basic raw materials flows directly through the production chain to the final polyurethane products.

The solvent-free type is estimated to be the largest market in the overall PUDs during the forecast period

Solvent free is the most widely used type of PUDs in various applications, such as paints & coatings, adhesives & sealants, leather finishing, textile finishing and so on. They growing use can be attributed to their low impact on the environment. Solvent free PUDs contain low amount of VOC and are considered environment & user friendly. They are less aggressive on sensitive substrates that can be damaged by solvents. The applications of solvent-free PUDs include binders in hygiene coatings, insulating coatings, concrete sealers, paper coatings, leather finishing,  textile finishing, and printing ink, among other applications.

Paints & coatings is estimated to be the fastest growing application in the overall PUDs market during the forecast period

Paints & coatings is expected to grow the fastest during the forecasted period owing to technological advancements for environmental safety. The paints & coatings industry is one of the most heavily regulated industries due to its impact on the environment. The application of paints & coatings has to be done by following air quality regulations, and tracking the corrosive nature of the surfaces on which it is applied. Traditional solvent-based coatings are being replaced by environment-friendly, water-based products. Technological advancements in line with regulations to maintain environmental sustainability are likely to boost the market during the forecasted period.

APAC is projected to be the largest PUDs market during the forecast period.

The PUDs market in APAC is the largest market during the forecast period. The demand in APAC is driven by the growing industrial activities, increased consumer and infrastructural spending, and strong economic growth. APAC was the most promising market in 2019, which is expected to continue during the forecast period. Rising population, growth in disposable income, rapid industrialization, and increased urbanization are driving the PUDs region in the region. China is the largest market for PUDs in the APAC region. China’s market conditions, such as low production costs, technical development, lenient government regulations, and availability of cheap labor, have attracted investments from foreign manufacturers. These factors provide favorable conditions for construction, automotive, and other industries to boom in the country. This, in turn, boost the demand for PUDs market.
 
The recent COVID-19 pandemic has impacted the global industrial activities as well as the economy of various economies. COVID-19 led the industrial sectors into an unknown operating environment, globally. Government restrictions on the number of people that can gather at one particular place, severely impacted the industries. Logistical constraints, manpower shortages, low demand, and government restrictions had forced temporary shut downs, hence, disrupting industrial activities in the US. Similarly, economies such as China, India, and others are also facing the brunt of the Covid-19 pandemic.

Polyurethane Dispersions Market  by Region

Key Market Players

The key players profiled in this report include Covestro AG (Germany), DSM (Netherlands), BASF (Germany), Wanhua Chemical Group (China), Lanxess (Germany), Stahl Holding (Netherlands), Perstorp (Netherlands), Dow Chemical Company (US), Huntsman Corporation (US) and Mitsui Chemical (Japan). These companies have adopted various organic as well as inorganic growth strategies between 2016 and 2021 to enhance their regional presence and meet the growing demand for industrial insulation from emerging economies.

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Scope of the Report

Report Metric

Details

Years considered for the study

  • 2018–2025

Base year

 2019

Forecast period

2020–2025

Units considered

USD, Billion

Segments

 Type, Application and Region

Regions

APAC, Europe, North America, South America, and Middle East & Africa.

Companies

Total of 10 major players covered:
Covestro AG (Germany), DSM (Netherlands), BASF (Germany), Wanhua Chemical Group (China), Lanxess (Germany), Stahl Holding (Netherlands), Perstorp (Netherlands), Dow Chemical Company (US), Huntsman Corporation (US) and Mitsui Chemical (Japan).

This research report categorizes the PUDs market based on type, application, and region.

Based on type:

  • Solvent-free
  • Low-solvent

Based on application:

  • Paints & Coatings
  • Adhesives & Sealants
  • Leather finishing
  • Textile finishing
  • Others

Based on the region:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • 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 June 2020, BASF extended its packaging coatings production to South China. Customers will benefit from the short lead time and proximity to raw material supply.
  • In November 2019, Perstorp launched two new grades - ymer n90, with a longer EO chain, and n180, with a shorter eo chain to its ymer range. The new products present opportunities for new applications and are better for human health and the environment. The product can be used to improve the surface feeling of leather.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 MARKET INCLUSIONS
           1.2.2 MARKET EXCLUSIONS
    1.3 MARKET SCOPE
           FIGURE 1 POLYURETHANE DISPERSIONS: MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           FIGURE 2 POLYURETHANE DISPERSION: REGIONAL SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 3 POLYURETHANE DISPERSIONS MARKET: RESEARCH DESIGN
    2.2 SECONDARY DATA
           2.2.1 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           2.3.1 KEY DATA FROM PRIMARY SOURCES
                    2.3.1.1 Primary interviews – Demand and Supply-side
                    2.3.1.2 Key industry insights
                    2.3.1.3 Breakdown of primary interviews
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
           FIGURE 4 POLYURETHANE DISPERSIONS MARKET: TOP-DOWN APPROACH
           FIGURE 5 POLYURETHANE DISPERSIONS MARKET SIZE ESTIMATION:  TOP-DOWN APPROACH
           FIGURE 6 POLYURETHANE DISPERSIONS MARKET SIZE ESTIMATION, BY REGION
    2.5 MARKET FORECAST
           2.5.1 SUPPLY-SIDE FORECAST PROJECTION:
           2.5.2 DEMAND-SIDE FORECAST PROJECTION:
    2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.7 FACTORS ANALYSIS
    2.8 ASSUMPTIONS AND LIMITATIONS
           2.8.1 ASSUMPTIONS
           2.8.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 39)
           FIGURE 8 PAINTS & COATINGS ACCOUNTED FOR LARGEST SHARE IN 2019
           FIGURE 9 SOLVENT-FREE PUDS ACCOUNTED FOR LARGEST SHARE IN OVERALL POLYURETHANE DISPERSIONS MARKET
           FIGURE 10 APAC WAS LARGEST POLYURETHANE DISPERSIONS MARKET IN 2019

4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 ATTRACTIVE OPPORTUNITIES IN POLYURETHANE DISPERSIONS MARKET
           FIGURE 11 HIGH DEMAND FROM CONSTRUCTION INDUSTRY TO DRIVE THE MARKET
    4.2 POLYURETHANE DISPERSIONS MARKET, BY TYPE
           FIGURE 12 SOLVENT-FREE PUDS TO DOMINATE OVERALL MARKET
    4.3 POLYURETHANE DISPERSIONS MARKET, BY APPLICATION
           FIGURE 13 PAINTS & COATINGS APPLICATION DOMINATES THE PUDS MARKET
    4.4 APAC POLYURETHANE DISPERSIONS MARKET,  BY APPLICATION AND COUNTRY
           FIGURE 14 PAINTS & COATINGS APPLICATION DOMINATED THE OVERALL MARKET
    4.5 POLYURETHANE DISPERSIONS MARKET, BY REGION
           FIGURE 15 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION
           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES  IN THE PUDS MARKET
           5.1.1 DRIVERS
                    5.1.1.1 High demand from textile and leather industries
                    5.1.1.2 Industrial development in emerging countries
           FIGURE 17 CONTRIBUTION TO GROWTH IN GLOBAL CONSTRUCTION OUTPUT  FROM 2019-2030 BY COUNTRY
           5.1.2 RESTRAINTS
                    5.1.2.1 Increasing demand for acid-epoxy coatings
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Booming demand for water-based polyurethane systems
                    5.1.3.2 Government regulations regarding environment-friendly products
           5.1.4 CHALLENGES
                    5.1.4.1 Manufacturing sustainable products with low VOCs
                    5.1.4.2 Fluctuating prices of raw materials
           FIGURE 18 AVERAGE CRUDE OIL PRICE PER BARREL (2015-2020)
    5.2 PORTER'S FIVE FORCES ANALYSIS
           FIGURE 19 HIGH INVESTMENTS BY MAJOR PLAYERS INCREASE COMPETITIVE RIVALRY
           TABLE 1 POLYURETHANE DISPERSIONS: PORTER'S FIVE FORCES
           5.2.1 THREAT OF NEW ENTRANTS
           5.2.2 THREAT OF SUBSTITUTES
           5.2.3 BARGAINING POWER OF SUPPLIERS
           5.2.4 BARGAINING POWER OF BUYERS
           5.2.5 INTENSITY OF COMPETITIVE RIVALRY
    5.3 PATENT ANALYSIS
           5.3.1 METHODOLOGY
           5.3.2 DOCUMENT TYPE
           FIGURE 20 GRANTED VS. APPLIED PATENTS
           FIGURE 21 PUBLICATION TRENDS - LAST 11 YEARS
           5.3.3 INSIGHT
           5.3.4 JURISDICTION ANALYSIS
           FIGURE 22 ANALYSIS BY COUNTRIES
           5.3.5 TOP COMPANIES/APPLICANTS
           FIGURE 23 TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
                    5.3.5.1 List of Patents by Bayer MaterialScience Ag
                    5.3.5.2 List of Patents by BASF SE
                    5.3.5.3 List of Patents by DOW  Global Technologies LLC.
                    5.3.5.4 List of Patents by Covestro Deutschland AG
                    5.3.5.5 List of Patents by DuPont
           5.3.6 TOP 20 PATENT OWNERS (US) IN LAST 11 YEARS
    5.4 TARIFFS & REGULATIONS
    5.5 COVID-19 IMPACT
    5.6 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 24 LATEST WORLD ECONOMIC OUTLOOK GROWTH PROJECTIONS
           5.6.1 COVID-19 ECONOMIC IMPACT – SCENARIO ASSESSMENT
           FIGURE 25 SCENARIO-BASED ANALYSIS OF IMPACT OF COVID-19 ON BUSINESSES
    5.7 TRADE ANALYSIS
           TABLE 2 MAJOR IMPORTERS, BY COUNTRY
           TABLE 3 MAJOR EXPORTERS, BY COUNTRY
    5.8 PRICE ANALYSIS
           FIGURE 26 AVERAGE SELLING PRICE TREND OF PUD, BY TYPE
           FIGURE 27 AVERAGE SELLING PRICE TREND OF PUD, BY REGION
    5.9 CUSTOMER ANALYSIS
           5.9.1 SHIFT IN AUTOMOTIVE INDUSTRY
                    5.9.1.1 Impact On Customers' Output & Strategies To Resume/Improve Production
                               5.9.1.1.1 Impact on customers' revenues
                               5.9.1.1.2 Most impacted regions
                               5.9.1.1.3 Short-term strategies to manage cost structure and  supply chains
                               5.9.1.1.4 New market opportunities/growth opportunities
                               5.9.1.1.5 Customers' perspective on the growth outlook
           5.9.2 SHIFT IN CONSTRUCTION INDUSTRY
                    5.9.2.1 Disruption in the industry
                    5.9.2.2 Impact on customers' output & strategies to resume/improve production
                               5.9.2.2.1 Impact on customers' revenues
                               5.9.2.2.2 Customer's most impacted regions
                               5.9.2.2.3 Short-term strategies to manage cost structure and  supply chains
                    5.9.2.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES
                               5.9.2.3.1 Measures taken by customers
                               5.9.2.3.2 Customers' perspective on growth outlook
    5.10 VALUE CHAIN ANALYSIS
           FIGURE 28 PUDS: VALUE CHAIN ANALYSIS
           5.10.1 RAW MATERIAL SUPPLIERS
           5.10.2 MANUFACTURER
           5.10.3 DISTRIBUTORS
           5.10.4 END USERS
    5.11 ECOSYSTEM & INTERCONNECTED MARKET
           FIGURE 29 POLYURETHANE DISPERSIONS ECOSYSTEM
           5.11.1 PAINTS & COATINGS ECOSYSTEM AND INTERCONNECTED MARKET
           FIGURE 30 PAINT & COATING ECOSYSTEM
    5.12 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PUDS MANUFACTURERS
           FIGURE 31 YCC TREND  AND DISRUPTIONS IN POLYURETHANE DISPERSIONS MARKET
           TABLE 4 POLYURETHANE DISPERSIONS: SUPPLY CHAIN
    5.13 TECHNOLOGY ANALYSIS
           5.13.1 INSQIN TECHNOLOGY
           5.13.2 UV-CURABLE POLYURETHANE DISPERSIONS
           5.13.3 NOVEL SILICONE-MODIFIED POLYURETHANE DISPERSIONS TECHNOLOGY
    5.14 CASE STUDY ANALYSIS

6 POLYURETHANE DISPERSIONS MARKET, BY TYPE (Page No. - 79)
    6.1 INTRODUCTION
           FIGURE 32 SOLVENT-FREE PUD TO BE THE LARGEST POLYURETHANE DISPERSIONS TYPE
           TABLE 5 POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
           TABLE 6 POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE, 2018–2025 (KILOTON)
    6.2 SOLVENT-FREE POLYURETHANE DISPERSIONS
           6.2.1 LOW IMPACT ON ENVIRONMENT WILL DRIVE THE MARKET
    6.3 LOW-SOLVENT POLYURETHANE DISPERSIONS
           6.3.1 VARIOUS ATTRIBUTES ARE LIKELY TO INFLUENCE THE MARKET

7 POLYURETHANE DISPERSIONS MARKET, BY APPLICATION (Page No. - 82)
    7.1 INTRODUCTION
           FIGURE 33 PAINTS & COATINGS TO BE LARGEST APPLICATION FOR POLYURETHANE DISPERSIONS
           TABLE 7 POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 8 POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,2018–2025 (KILOTON)
    7.2 PAINTS & COATINGS
           7.2.1 TECHNOLOGICAL ADVANCEMENTS FOR ENVIRONMENTAL SAFETY LIKELY TO INFLUENCE THE MARKET
           7.2.2 AUTOMOTIVE COATING
           7.2.3 WOOD COATING
           7.2.4 FLOOR COATING
           7.2.5 HYGIENE COATING
    7.3 ADHESIVES & SEALANTS
           7.3.1 FAVORABLE ATTRIBUTES OF PUDS LIKELY TO DRIVE TO THEIR USE IN ADHESIVES & SEALANTS APPLICATION
    7.4 LEATHER MANUFACTURING & FINISHING
           7.4.1 GROWING APPLICATIONS IN LEATHER INDUSTRY TO DRIVE THE PUDS MARKET
    7.5 TEXTILE FINISHING
           7.5.1 PHYSICAL AND MECHANICAL PROPERTIES OF PUDS DRIVING THEIR USE IN TEXTILE FINISHING APPLICATION
    7.6 OTHERS
           7.6.1 GLASS FIBER SIZING
           7.6.2 MEDICAL FILMS & GLOVES
           7.6.3 COSMETICS
           7.6.4 GRAPHIC INKS
           7.6.5 PAPER FINISHING

8 POLYURETHANE DISPERSIONS MARKET, BY REGION (Page No. - 88)
    8.1 INTRODUCTION
           FIGURE 34 APAC TO BE LARGEST AND FASTEST-GROWING POLYURETHANE DISPERSIONS MARKET
           TABLE 9 POLYURETHANE DISPERSIONS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
           TABLE 10 POLYURETHANE DISPERSIONS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    8.2 APAC
           FIGURE 35 APAC: POLYURETHANE DISPERSIONS MARKET SNAPSHOT
           TABLE 11 APAC: GDP GROWTH RATE, BY COUNTRY
           TABLE 12 APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
           TABLE 13 APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 14 APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 15 APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 16 APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE, 2018–2025 (KILOTON)
           TABLE 17 APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
           8.2.1 CHINA
                    8.2.1.1 Favorable market conditions to influence the PUDs market
           TABLE 18 CHINA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 19 CHINA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.2.2 INDIA
                    8.2.2.1 Increasing standard of living to drive the PUDs market
           TABLE 20 INDIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 21 INDIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.2.3 SOUTH KOREA
                    8.2.3.1 Investments in upcoming construction projects to drive the PUDs market
           TABLE 22 SOUTH KOREA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 23 SOUTH KOREA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.2.4 JAPAN
                    8.2.4.1 Redevelopment projects to boost the PUDs market
           TABLE 24 JAPAN: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 25 JAPAN: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.2.5 INDONESIA
                    8.2.5.1 Redevelopment projects to boost the PUDs market
           TABLE 26 INDONESIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 27 INDONESIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.2.6 THAILAND
                    8.2.6.1 Presence of OEM manufacturing facilities provides opportunity for growth
           TABLE 28 THAILAND: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 29 THAILAND: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.2.7 REST OF APAC
           TABLE 30 REST OF APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 31 REST OF APAC: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
    8.3 EUROPE
           FIGURE 36 EUROPE: POLYURETHANE DISPERSIONS MARKET SNAPSHOT
           TABLE 32 EUROPE: GDP GROWTH RATE, BY COUNTRY
           TABLE 33 EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY,  2018–2025 (KILOTON)
           TABLE 34 EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 35 EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 36 EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 37 EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE, 2018–2025 (KILOTON)
           TABLE 38 EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
           8.3.1 GERMANY
                    8.3.1.1 Renovation of old building to boost PUDs demand in paints & coatings applications in construction industry
           TABLE 39 GERMANY: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 40 GERMANY: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.3.2 ITALY
                    8.3.2.1 Upcoming construction and restoration projects likely to boost the market
           TABLE 41 ITALY: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 42 ITALY: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.3.3 FRANCE
                    8.3.3.1 Growing construction industry and foreign investments to drive the market
           TABLE 43 FRANCE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 44 FRANCE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.3.4 UK
                    8.3.4.1 Pipeline of construction projects to influence the PUDs market
           TABLE 45 UK: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 46 UK: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.3.5 SPAIN
                    8.3.5.1 Textile and leather industries drive the PUDs market
           TABLE 47 SPAIN: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 48 SPAIN: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.3.6 RUSSIA
                    8.3.6.1 Government policies to support end-use industries of PUDs
           TABLE 49 RUSSIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 50 RUSSIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.3.7 TURKEY
                    8.3.7.1 Strong automotive and construction sectors to boost the growth
           TABLE 51 TURKEY: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 52 TURKEY: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.3.8 REST OF EUROPE
           TABLE 53 REST OF EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 54 REST EUROPE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
    8.4 NORTH AMERICA
           FIGURE 37 NORTH AMERICA: POLYURETHANE DISPERSIONS MARKET SNAPSHOT
           TABLE 55 NORTH AMERICA: GDP GROWTH RATE, BY COUNTRY
           TABLE 56 NORTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY,  2018–2025 (KILOTON)
           TABLE 57 NORTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 58 NORTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 59 NORTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 60 NORTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE,  2018–2025 (KILOTON)
           TABLE 61 NORTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
           8.4.1 US
                    8.4.1.1 Increasing residential sector to drive the market
           TABLE 62 US: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 63 US: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.4.2 CANADA
                    8.4.2.1 Innovative research likely to drive the market for PUDs
           TABLE 64 CANADA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 65 CANADA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.4.3 MEXICO
                    8.4.3.1 Growing skilled workforce and location of the country to influence the PUDs market
           TABLE 66 MEXICO: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 67 MEXICO: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA
           TABLE 68 MIDDLE EAST & AFRICA: GDP GROWTH RATE, BY COUNTRY
           TABLE 69 MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
           TABLE 70 MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 71 MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
           TABLE 72 MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
           TABLE 73 MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE,  2018–2025 (KILOTON)
           TABLE 74 MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
           8.5.1 SAUDI ARABIA
                    8.5.1.1 Government initiative to diversify its economy will support the growth of PUDs market
           TABLE 75 SAUDI ARABIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 76 SAUDI ARABIA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.5.2 UAE
                    8.5.2.1 Growing commercial and residential sector to drive the demand for PUDs
           TABLE 77 UAE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 78 UAE: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.5.3 SOUTH AFRICA
                    8.5.3.1 Development in construction sector will drive demand for PUDs in the country
           TABLE 79 SOUTH AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 80 SOUTH AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.5.4 REST OF MIDDLE EAST & AFRICA
           TABLE 81 REST OF MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE,  BY APPLICATION, 2018–2025 (KILOTON)
           TABLE 82 REST OF MIDDLE EAST & AFRICA: POLYURETHANE DISPERSIONS MARKET SIZE,  BY APPLICATION, 2018–2025 (USD MILLION)
    8.6 SOUTH AMERICA
           TABLE 83 SOUTH AMERICA: GDP GROWTH RATE, BY COUNTRY
           TABLE 84 SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY,  2018–2025 (KILOTON)
           TABLE 85 SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
           TABLE 86 SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 87 SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           TABLE 88 SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE,  2018–2025 (KILOTON)
           TABLE 89 SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
           8.6.1 BRAZIL
                    8.6.1.1 Rapid industrialization to influence the PUDs market in the country
           TABLE 90 BRAZIL: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 91 BRAZIL: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.6.2 ARGENTINA
                    8.6.2.1 Improving economic conditions expected to support the PUDs market
           TABLE 92 ARGENTINA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (KILOTON)
           TABLE 93 ARGENTINA: POLYURETHANE DISPERSIONS MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
           8.6.3 REST OF SOUTH AMERICA
           TABLE 94 REST OF SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE,  BY APPLICATION, 2018–2025 (KILOTON)
           TABLE 95 REST OF SOUTH AMERICA: POLYURETHANE DISPERSIONS MARKET SIZE,  BY APPLICATION, 2018–2025 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 134)
    9.1 INTRODUCTION
           FIGURE 38 COMPANIES ADOPTED INVESTMENT & EXPANSION AND PARTNERSHIP/ COLLABORATIONS/AGREEMENT AS KEY GROWTH STRATEGIES  BETWEEN 2017-2021
    9.2 MARKET EVALUATION FRAMEWORK
    9.3 MARKET SHARE ANALYSIS
           FIGURE 39 POLYURETHANE DISPERSIONS SHARE, BY COMPANY (2019)
           TABLE 96 POLYURETHANE DISPERSIONS MARKET: DEGREE OF COMPETITION
    9.4 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2019
           FIGURE 40 RANKING OF TOP 5 PLAYERS IN THE PUDS MARKET, 2019
    9.5 COMPANY EVALUATION MATRIX, 2019 (TIER 1)
           9.5.1 STARS
           9.5.2 EMERGING LEADERS
           FIGURE 41 POLYURETHANE DISPERSIONS MARKET: COMPANY EVALUATION MATRIX, 2019
    9.6 COMPANY PRODUCT FOOTPRINT
    9.7 COMPANY INDUSTRY FOOTPRINT
    9.8 COMPANY APPLICATION FOOTPRINT
    9.9 COMPANY REGION FOOTPRINT
    9.10 STRENGTH OF PRODUCT PORTFOLIO
    9.11 BUSINESS STRATEGY EXCELLENCE
    9.12 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
           9.12.1 PROGRESSIVE COMPANIES
           9.12.2 STARTING BLOCKS
           FIGURE 42 POLYURETHANE DISPERSIONS MARKET: START-UPS AND SMES MATRIX, 2019
    9.13 STRENGTH OF PRODUCT PORTFOLIO
    9.14 BUSINESS STRATEGY EXCELLENCE
    9.15 COMPETITIVE SCENARIO
           9.15.1 NEW PRODUCT LAUNCH
           TABLE 97 NEW PRODUCT LAUNCH, 2017–2021
           9.15.2 POLYURETHANE DISPERSION: DEALS
           TABLE 98 POLYURETHANE DISPERSION: DEALS, 2017–2021
           9.15.3 OTHER DEVELOPMENTS
           TABLE 99 OTHER DEVELOPMENTS, 2017–2021

10 COMPANY PROFILES (Page No. - 150)
     10.1 COVESTRO AG
(Business Overview, Business Overview, Products Offered, New Product Launch, SWOT Analysis, Current Focus and Strategies, and Right to Win)* 
           FIGURE 43 COVESTRO AG: COMPANY SNAPSHOT
           FIGURE 44 COVESTRO: SWOT ANALYSIS
     10.2 DSM
           FIGURE 45 DSM: COMPANY SNAPSHOT
           FIGURE 46 DSM: SWOT ANALYSIS
     10.3 BASF
           FIGURE 47 BASF: COMPANY SNAPSHOT
           FIGURE 48 BASF SE: SWOT ANALYSIS
     10.4 WANHUA CHEMICAL GROUP
           FIGURE 49 WANHUA CHEMICAL GROUP: COMPANY SNAPSHOT
           FIGURE 50 WANHUA CHEMICAL GROUP CO. LTD.: SWOT ANALYSIS
     10.5 LANXESS
           FIGURE 51 LANXESS: COMPANY SNAPSHOT
           FIGURE 52 LANXESS: SWOT ANALYSIS
     10.6 STAHL HOLDING
     10.7 PERSTORP
           FIGURE 53 PERSTORP: COMPANY SNAPSHOT
     10.8 DOW CHEMICAL COMPANY
           FIGURE 54 DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
     10.9 HUNTSMAN CORPORATION
           FIGURE 55 HUNTSMAN CORPORATION: COMPANY SNAPSHOT
     10.10 MITSUI CHEMICAL
           FIGURE 56 MITSUI CHEMICAL: COMPANY SNAPSHOT
     10.11 OTHER KEY PLAYERS
             10.11.1 MARKET EXCLUSIONS
             10.11.2 MARKET SCOPE
             10.11.3 POLYURETHANE DISPERSIONS: MARKET SEGMENTATION
             10.11.4 REGIONS COVERED
             10.11.5 POLYURETHANE DISPERSION: REGIONAL SEGMENTATION
             10.11.6 YEARS CONSIDERED FOR THE STUDY
             10.11.7 CURRENCY
             10.11.8 UNIT CONSIDERED
             10.11.9 STAKEHOLDERS
             10.11.10 SUMMARY OF CHANGES
             10.11.11 RESEARCH METHODOLOGY
             10.11.12 RESEARCH DATA
             10.11.13 POLYURETHANE DISPERSIONS MARKET: RESEARCH DESIGN
             10.11.14 SECONDARY DATA
             10.11.15 KEY DATA FROM SECONDARY SOURCES
 *Details on Business Overview, Business Overview, Products Offered, New Product Launch, SWOT Analysis, Current Focus and Strategies, and Right to Win might not be captured in case of unlisted companies. 

11 APPENDIX (Page No. - 178)
     11.1 DISCUSSION GUIDE
     11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     11.3 AVAILABLE CUSTOMIZATIONS
     11.4 RELATED REPORTS
     11.5 AUTHOR DETAILS

The study involves four major activities in estimating the current market size of PUDs. Extensive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg, World Bank, CIA Factbook, Statista, International Monetory Fund (IMF), Building Radar, The International Organization of Motor Vehicle Manufacturers (OICA) other government & private websites, and associations related to the PUDs industry, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; and databases.

Primary Research

The PUDs market comprises several stakeholders, such as raw material suppliers, manufacturers, and distributors of PUDs, industry associations, end-users, and regulatory organizations in the supply chain. The demand side of this market consists of major construction, automotive companies, whereas the supply side consists of PUDs manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary interviews

Polyurethane Dispersions Market   Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the PUDs market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. Data was triangulated by studying various factors and trends from both the demand and supply sides.

Objectives of the Study:

  • To define and analyze the PUDs market size
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze and forecast the market by type and by application.
  • To forecast the size of the market with respect to five regions: Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa, along with their key countries
  • To strategically analyze micro markets with respect to individual trends, growth prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments in the market, such as new product launch, investment & expansion, and merger & acquisition.
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Available Customizations:

MarketsandMarkets offers customizations according to the specific needs of the companies, along with the market data. The following customization options are available for this report:

Product Analysis

  • A product matrix that provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of APAC PUDs market

Company Information:

  • Detailed analysis and profiles of additional market players.
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