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Waterborne Polyurethane Dispersions Market Trends

Report ID: GMI7568
Published Date: Dec 2023
Report Format: PDF

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Waterborne Polyurethane Dispersions Market Trends

One prominent trend is the increasing emphasis on sustainability, with WPUD gaining traction as a eco-friendly alternative to traditional solvent-based coatings. As environmental awareness grows, manufacturers are investing in research and development to enhance the performance attributes of WPUD, making them more competitive in various applications such as paints, adhesives, and sealants.

The automotive and construction sectors continue to be major drivers for WPUD demand, with a focus on developing formulations that meet stringent industry standards while minimizing environmental impact. Customization and versatility in WPUD applications have become crucial trends, driven by the demand for specialized coatings and adhesives across different end-use industries. Technological advancements, including the development of waterborne polyurethane dispersions with improved durability and performance characteristics, are shaping the market landscape.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of waterborne polyurethane dispersions reached USD 1.52 billion in 2022 and is set to cross USD 2.66 billion by 2032, owing to their utility in coatings and adhesives industry.

One-Component (1K) Systems segment held a dominant market share of around 64.74% in 2022, owing to their user-friendliness, simplified application processes, and eliminated need for extensive mixing on-site.

North American market value was USD 490 million in 2022, driven by a robust demand for eco-friendly and sustainable coating solutions across various industries.

BASF, Covestro, Huntsman, Dow Chemical Company, Evonik Industries, Lanxesssome of the major industry contenders.