Polyurethane Dispersion Market
Polyurethane Dispersion Market Study by Water-Based and Solvent-Based Polyurethane Dispersion for Paints & Coatings, Adhesives & Sealants, Leather Finishing, and Textile Finishing from 2023 to 2033
Analysis of Polyurethane Dispersion Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polyurethane Dispersion Market Growth Outlook (2023 to 2033)
Based on the analysis by Fact.MR, the global polyurethane dispersion market is valued to be US$ 2.5 billion in 2023 and it is anticipated to grow at a CAGR of 7.7% to reach US$ 5.2 billion by the end of 2033.
The polyurethane dispersion (PUD) market is witnessing high growth due to the surging demand for sustainable and eco-friendly coatings, adhesives, and sealants in various end-use industries such as automotive, textiles, and construction.
| Report Attributes | Details |
|---|---|
| Polyurethane Dispersion Market Size (2022A) | US$ 2.3 Billion |
| Estimated Market Value (2023E) | US$ 2.5 Billion |
| Forecasted Market Value (2033F) | US$ 5.2 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.7% CAGR |
| Key Companies Profiled | Bayer Material Science; BASF SE; Chemtura Corporation; Huntsman Corporation; Lubrizol Corporation; The Dow Chemical Company |
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Historic and Future Pathway Analysis for the Polyurethane Dispersion Market
One of the main reasons for the increasing demand for polyurethane dispersion is extensive consumption in the leather and textile industries. Polyurethane dispersions are inherently environmentally friendly and preferred by major end-use industries over traditional dispersions that use multiple volatile organic chemicals.
- Short Term (2023 to 2026): Rising demand for polyurethane dispersion in end users such as automotive industries and textile industries thrives the use of the product in the near future.
- Medium Term (2026 to 2029): Booming automotive industry across emerging economies such as China and India is likely to drive the polyurethane dispersion market during the forecast period.
- Long Term (2029 to 2033): Increased regulatory requirements to ensure low volatile organic compounds (VOC) emissions in recent years are expected to increase the demand for polyurethane dispersions for the long term.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 7.7% CAGR between 2023 and 2033.
Market Dynamics Outlook
“Increasing Demand for PUDs in Leather and Textile Products Pave the Market Growth”
The leather and textile industries are prominent end-use industries for polyurethane dispersion (PUD), driving the growth of the PUD market. The increasing demand for high-quality, durable, and eco-friendly coatings, adhesives, and sealants for leather and textile products is fueling the growth of the PUD market.
In the leather industry, PUD is widely used for the production of synthetic leather, which is used in various applications such as upholstery, automotive interiors, and fashion accessories. PUD-based synthetic leather offers several advantages over traditional leather, such as high durability, water resistance, and scratch resistance.
In the textile industry, PUD is used for coating and laminating various fabrics to enhance their performance and durability. PUD-based coatings offer several advantages, such as water resistance, UV resistance, and high adhesion, making them suitable for various applications such as sportswear, outdoor gear, and upholstery.
“Availability of Alternatives & Fluctuating Raw Material Prices to Hamper Market Growth”
One of the prominent factors restraining the growth of the polyurethane dispersion (PUD) market is the availability of alternatives such as solvent-based coatings and adhesives. Despite the growing demand for sustainable and eco-friendly products, some industries still prefer solvent-based coatings and adhesives due to their lower cost and faster curing times.
Solvent-based coatings and adhesives also offer certain performance advantages over PUDs in some applications, such as higher gloss, faster drying, and better adhesion to certain substrates. Additionally, the raw materials used in solvent-based coatings and adhesives are often readily available and less expensive than the raw materials used in PUDs.
The production process of PUDs is relatively complex and requires specialized equipment, which can increase the overall cost of production. This can make PUDs less competitive in some price-sensitive markets.
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Country-wise Insights
What are the Factors Driving Polyurethane Dispersion Demand Across the U.S.?
The demand for polyurethane dispersion (PUD) is growing across the U.S. due to the increasing adoption of eco-friendly and sustainable products in various end-use industries. The U.S. is a major market for PUD, driven by the presence of several key players and the growing demand for high-performance coatings, adhesives, and sealants in various applications.
The automotive and construction industries are prominent end-use industries for PUD in the U.S. PUD-based coatings and adhesives offer several advantages, such as high durability, scratch resistance, and water resistance, making them ideal for automotive and construction applications.
In addition, the growing demand for sustainable and eco-friendly products is driving the adoption of PUD-based products in various industries such as textiles, leather, and packaging. PUD-based coatings and adhesives offer several advantages over traditional materials, such as low VOC emissions, high solid content, and low odor.
Hence, the demand for PUD is expected to continue growing in the US due to the increasing focus on sustainability and eco-friendliness in various industries.
Why is the Chinese Polyurethane Dispersion Market Expected to Be Highly Lucrative?
The demand for PUD-based coatings and adhesives in the construction industry is expected to grow due to the increasing focus on energy efficiency and reduction in carbon emissions in the country.
The Chinese government is promoting the use of sustainable and eco-friendly products through various initiatives such as the Green Development Fund and the New Energy Vehicle Industry Development Plan, which is expected to drive the demand for PUD-based products in various industries.
Further, the PUD market in China is highly competitive, with several domestic and international players competing for market share. Some of the key players in the PUD market in China include BASF SE, Covestro AG, Dow Inc., and Huntsman Corporation, among others.
Category-wise Insights
Why does Water-Based Polyurethane Dispersion Hold a Higher Market Share?
Water-based polyurethane dispersion (PUD) holds a higher market share compared to solvent-based PUD as it is considered more environmentally friendly than solvent-based PUD as it emits lower levels of volatile organic compounds (VOCs) and has a lower carbon footprint. Water-based PUD is safer to handle and use compared to solvent-based PUD as it has lower flammability and explosion risks.
Further, water-based PUD can be easily diluted with water and does not require special equipment for the application, making it easier to use and reducing costs. Water-based PUD provides better performance in terms of adhesion, abrasion resistance, and durability compared to solvent-based PUD.
Additionally, water-based PUD complies with stricter environmental regulations such as REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and the Clean Air Act, making it more appealing to customers who prioritize sustainability and regulatory compliance.
Why does Polyurethane Dispersion have High Demand in Leather Finishing Application?
Polyurethane dispersions are used for finishing leather, as they offer resistance to temperature, high elasticity, excellent tear strength, and high abrasion resistance. Therefore, increasing the use of leather in the manufacturing of garments, handbags, shoes, seat covers, and other products is expected to increase the demand for polyurethane dispersions
The leather finishing segment is estimated to be the fastest-growing application during the forecast period. This growth is due to large industrial manufacturers using synthetic leather.
PUD synthetic leather is low in volatile organic compounds and environmentally friendly. High-solid polyurethane dispersions make it possible to obtain synthetic leather economically without the use of solvents. Therefore, increased production of artificial leather will require large amounts of polyurethane dispersions, strengthening the market for PUDs for this application.
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Eminent Players Key Stratagems
Prominent polyurethane dispersion manufacturers are Alberdingk Boley, Inc., Bayer Material Science, BASF SE, Chemtura Corporation, Covestro AG, Cytec Industries Inc., DSM, Hauthaway Corporation, Huntsman Corporation, Lanxess, Lubrizol Corporation, Mitsui Chemicals Inc., Perstorp, Stahl Holding, The Dow Chemical Company, and Wanhua Chemical Group
The manufacturers of polyurethane dispersion are expanding their manufacturing capabilities, attributed to the increase in demand across key end-use industries.
For instance :
- Covestro is planning a new production facility for polyurethane dispersions (PUDs) at the Covestro Integrated Site in Shanghai, China (CISS) to address the rising demand for environmentally compatible coatings and adhesives in the Asia-Pacific region. The company has scheduled the completion of this plant for 2024.
Fact.MR has provided detailed information about the price points of key manufacturers of polyurethane dispersion positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Polyurethane Dispersion Industry Research
-
By Component :
- Water-based
- Solvent-based
-
By Application :
- Paints and Coatings
- Adhesives and Sealants
- Leather Finishing
- Textile Finishing
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Component
- 7.1. Water-based
- 7.2. Solvent-based
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Paints and Coatings
- 8.2. Adhesive and Sealants
- 8.3. Leather Finishing
- 8.4. Textile Finishing
- 8.5. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Bayer Material Science
- 18.2. BASF SE
- 18.3. Chemtura Corporation
- 18.4. Cytec Industries Inc.
- 18.5. The Dow Chemical Company
- 18.6. Hauthaway Corporation
- 18.7. Lubrizol Corporation
- 18.8. Mitsui Chemicals Inc.
- 18.9. Covestro AG
- 18.10. DSM
- 18.11. Wanhua Chemical Group
- 18.12. Lanxess
- 18.13. Stahl Holding
- 18.14. Perstorp
- 18.15. Huntsman Corporation
- 18.16. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Tons) by Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Component, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Component, 2023 to 2033
Table 07. Global Market Volume (Tons), By Component, 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Component, 2023 to 2033
Table 09. Global Market Value (US$ million), By Application, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11. Global Market Volume (Tons), By Application, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 13. North America Market Value (US$ million), by Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 15. North America Market Volume (Tons), by Country, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Component, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast By Component, 2023 to 2033
Table 19. North America Market Volume (Tons), By Component, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast By Component, 2023 to 2033
Table 21. North America Market Value (US$ million), By Application, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23. North America Market Volume (Tons), By Application, 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25. Latin America Market Value (US$ million), by Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27. Latin America Market Volume (Tons), by Country, 2018 to 2022
Table 28. Latin America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Component, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast By Component, 2023 to 2033
Table 31. Latin America Market Volume (Tons), By Component, 2018 to 2022
Table 32. Latin America Market Volume (Tons) and Forecast By Component, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35. Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37. Europe Market Value (US$ million), by Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 39. Europe Market Volume (Tons), by Country, 2018 to 2022
Table 40. Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Component, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast By Component, 2023 to 2033
Table 43. Europe Market Volume (Tons), By Component, 2018 to 2022
Table 44. Europe Market Volume (Tons) and Forecast By Component, 2023 to 2033
Table 45. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47. Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48. Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49. East Asia Market Value (US$ million), by Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), by Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Component, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Component, 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Component, 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast By Component, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), by Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Tons), by Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Component, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Component, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Tons), By Component, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Component, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 73. MEA Market Value (US$ million), by Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75. MEA Market Volume (Tons), by Country, 2018 to 2022
Table 76. MEA Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Component, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast By Component, 2023 to 2033
Table 79. MEA Market Volume (Tons), By Component, 2018 to 2022
Table 80. MEA Market Volume (Tons) and Forecast By Component, 2023 to 2033
Table 81. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83. MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84. MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Component, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Component, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Component, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Component, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Component, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Component, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Component, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Component, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Component, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Component, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Component, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Component, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Component, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Component, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Component, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Component, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Component, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Component, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Component, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Component, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By Application, 2023 to 2033
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- FAQs -
What was the Global Polyurethane Dispersion Market Size Reported by Fact.MR for 2022?
The global polyurethane dispersion market size reported by Fact.MR for 2022 was US$ 2.3 billion.
What is the Polyurethane Dispersion Market Estimated to Reach in 2023?
The polyurethane dispersion market size is estimated to reach US$ 2.5 billion in 2023.
What is the Projected CAGR for the Polyurethane Dispersion Market from 2023 to 2033?
The projected CAGR for the polyurethane dispersion market from 2023 to 2033 will be 7.7%.
Who are the Major Players in the Polyurethane Dispersion Market?
Market players include the Dow Chemical Company., Huntsman Corporation, and BASF SE, are prominent players operating and dominating in the market.
What are the Factors Driving the Polyurethane Dispersion Sales Growth During the Forecast Period?
Factors such as growing demand for polyurethane dispersion from the expanding leather industry and paints & coating industry are anticipated to increase the growth of the polyurethane dispersion market.
Polyurethane Dispersion Market