Polyurethane Dispersion Market – By Type (Solvent-Free, Low-Solvent), By Component (Water-Based, Solvent-Based), By Application (Paint & Coatings, Adhesives & Sealants, Leather Finishing, Textile Finishing, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.

Report Code: CMR 1586 Report Format: PDF + Excel

Polyurethane Dispersion Market Overview:

The global Polyurethane Dispersion Market size is estimated to reach $2.9 billion by 2030, growing at a CAGR of 7.5% during the forecast period 2024-2030. The expanding industrialization, building, and infrastructure activities in APAC, the Middle East & Africa, and South America, as well as the growing need for environmentally friendly solutions and procedures, are driving the market for polyurethane dispersion (PUDs).

Moreover, Growing demand in the furniture and interior design sectors, as well as rising demand in the leather and textile industries, are the primary market factors boosting global development.  Polyurethane dispersions are ecologically safe by nature and are favored by key end-use industries over conventional dispersions that include various volatile organic compounds.

Market Snapshot:

Polyurethane Dispersion market - Report Coverage:

The “Polyurethane Dispersion market - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the polyurethane Dispersion Market.



By Type

  • Solvent-Free

  • Low-Solvent

By Component

  • Water-Based

  • Solvent-Based

By Application

  • Paint & Coatings

  • Adhesives & Sealants

  • Leather Finishing

  • Textile Finishing

  • Others

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis: 
● The growth of the polyurethane dispersions market has been hindered by the COVID-19 outbreak due to a range of obstacles including operational difficulties, delays in transportation, and restrictions on travel. Industries such as automotive, textile, and construction have been significantly impacted by the pandemic, facing disruptions in their supply chains and challenges with their workforce. Additionally, limitations on imports imposed to prevent the spread of the virus have added to the constraints on market expansion. Governments worldwide have implemented regulations leading to the suspension of manufacturing activities. As a result, there has been a decline in economic and infrastructure projects, as well as the closure of local businesses, all stemming from the effects of the pandemic.

● The ongoing conflict between Russia and Ukraine can have several potential impacts on the polyurethane dispersion market. If the conflict escalates or leads to trade restrictions between Russia and Ukraine, it could disrupt the supply chain of raw materials and finished goods related to polyurethane dispersion. Both countries play significant roles in the production and supply of chemicals, including those used in the polyurethane industry. Any disruption in the supply chain can lead to shortages, increased prices, and delays in product delivery.

Key Takeaways:

● Fastest Growth of Asia Pacific Region
The Asia-Pacific region emerged as the leading force in the global polyurethane dispersions market in 2023. This dominance was propelled by several key factors, including the continuous rise in urbanization, notable growth in research and development activities, and the expansion of international players within the region. Additionally, the industrial advancements witnessed in countries like China, India, and Japan, coupled with the increasing penetration of the automotive industry and the surge in construction and development projects, have significantly contributed to the heightened demand. A noteworthy trend in the industry is the growing adoption of polyurethane dispersions in leather and textile finishing applications. Furthermore, the region has witnessed government initiatives and regulations designed to promote trade, along with the availability of cost-effective labor and low production costs, which have further bolstered the growth prospects in the Asia-Pacific region.

● Rising Demand of Polyurethane dispersions
Polyurethane dispersions are widely utilized in the automobile industry for car refinishing paints due to their multiple features such as scratch resistance, flexibility, superior chemical, solvent, abrasion, and adhesion. As a result, the growing automotive sector is predicted to increase consumption of polyurethane dispersions and drive the market's growth rate.

● Growing usage of Polyurethane dispersions in Paint and Coating industry
Polyurethane dispersions are extensively used in the paint and coating industry. They offer numerous advantages that make them a preferred choice for various applications. Polyurethane dispersions have excellent film-forming properties, which enable them to create a durable and protective coating on various surfaces. The films formed by polyurethane dispersions exhibit exceptional adhesion, toughness, and resistance to abrasion. Polyurethane dispersions can be formulated to meet specific requirements and are compatible with a wide range of substrates, including wood, metal, plastics, and concrete. Polyurethane dispersions exhibit excellent color retention, meaning that coatings formulated with these dispersions maintain their vibrant and attractive appearance for extended periods.

● Rising demand of polyurethane dispersions in textile and leather industry
Polyurethane dispersions are also utilised in the finishing of leather and textiles due to their great elasticity, outstanding tensile strength, severe temperature endurance, and high abrasion resistance. Consequently, the growing use of leather in the production of clothes, purses, footwear, seat coverings, and other items is likely to boost demand for polyurethane dispersions and drive market expansion.

● Fluctuations in the prices of crude oil may impede market expansion.
Fluctuations in crude oil costs have a direct impact on the prices of MDI and TDI, which are the primary isocyanates used in the production of polyurethane dispersions. These price variations in turn affect the supply of raw materials to manufacturers, compelling them to raise the prices of their isocyanate products to compensate for market losses. This becomes a significant factor hindering the demand for polyurethane dispersions and restricting market growth.

Polyurethane Dispersion Market Share (%) By Region, 2023 

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in polyurethane Dispersion Market. The top 10 companies in this industry are listed below:

  1. Bayer MaterialScience AG

  2. BASF SE

  3. Mitsui Chemicals Inc.

  4. Cytec Industries Inc.

  5. Dow Chemical Company

  6. Hauthaway Corporation

  7. Chemtura Corporation

  8. The Lubrizol Corporation

  9. Michelman Inc.

  10. Perstorp Holding AB

Scope of Report: 

                     Report Metric


Base Year Considered


Forecast Period




Market Size in 2030

$2.9 billion

Segments Covered

Type, By Component, By Application, By Geography

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Bayer MaterialScience AG

  2. BASF SE

  3. Mitsui Chemicals Inc.

  4. Cytec Industries Inc.

  5. Dow Chemical Company

  6. Hauthaway Corporation

  7. Chemtura Corporation

  8. The Lubrizol Corporation

  9. Michelman Inc.

  10. Perstorp Holding AB

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1. Polyurethane Dispersion Market Market - Overview
    1.1 Definitions and Scope
2. Polyurethane Dispersion Market - Executive Summary
3. Polyurethane Dispersion Market - Comparative Analysis
    3.1 Company Benchmarking - Key Companies
    3.2 Global Financial Analysis - Key Companies
    3.3 Market Share Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Polyurethane Dispersion Market - Start-up Companies Scenario (Premium)
    4.1 Key Start-up Company Analysis by
    4.1.1 Investment
    4.1.2 Revenue
    4.1.3 Venture Capital and Funding Scenario
5. Polyurethane Dispersion Market – Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Polyurethane Dispersion Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porter's Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Polyurethane Dispersion Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Polyurethane Dispersion Market – by Type (Market Size – $Million/$Billion) 
    8.1 Solvent-Free
    8.2 Low-Solvent
9. Polyurethane Dispersion Market – by Component (Market Size – $Million/$Billion) 
    9.1 Water-Based
    9.2 Solvent-Based
10. Polyurethane Dispersion Market – by Application (Market Size – $Million/$Billion) 
    10.1 Paint & Coatings
    10.2 Adhesives & Sealants
    10.3 Leather Finishing
    10.4 Textile Finishing
    10.5 Others
11. Polyurethane Dispersion Market – by Geography (Market Size – $Million/$Billion) 
    11.1. North America
        11.1.1 The U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 The Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 The Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
        11.5.2 Africa
12. Polyurethane Dispersion Market – Entropy
13. Polyurethane Dispersion Market – Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Market Share by Product Type – Key Companies
        13.1.2 Market Share by Region – Key Companies
        13.1.3 Market Share by Country – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Polyurethane Dispersion Market – Key Company List by Country Premium 
15. Polyurethane Dispersion Market - Company Analysis
    15.1 Bayer MaterialScience AG
    15.2 BASF SE
    15.3 Mitsui Chemicals Inc.
    15.4 Cytec Industries Inc.
    15.5 Dow Chemical Company
    15.6 Hauthaway Corporation
    15.7 Chemtura Corporation
    15.8 The Lubrizol Corporation
    15.9 Michelman Inc.
    15.10 Perstorp Holding AB

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The Polyurethane Dispersion Market is projected to grow at 7.5% CAGR during the forecast period 2023-2030.

The global Polyurethane Dispersion Market size is estimated to reach $2.9 billion by 2030.

The leading players in the Polyurethane Dispersion market are Bayer Material Science AG, BASF SE, Mitsui Chemicals Inc., Cytec Industries Inc., Dow Chemical Company, Hauthaway Corporation, Chemtura Corporation, The Lubrizol Corporation, Michelman Inc. and Perstorp Holding AB.

The Polyurethane Dispersion market is expected to experience significant growth in the coming years due to Increasing demand for waterborne coatings, Growing Awareness of Sustainable Solutions, Growing Applications in various industries. These are some major trends that will shape the market in the future.

Growing usage of Polyurethane dispersions in Paint and Coating industry, Rising demand of polyurethane dispersions in textile and leather industry, Increasing Awareness of Environmental Sustainability are some driving factors and opportunities for the Polyurethane Dispersion market.