Waterborne Polyurethane Dispersions Market Size
Market Outlook:
Base Year Value (2023)
USD 1.62 Billion
CAGR (2024-2032)
5.9%
Forecast Year Value (2032)
USD 2.71 Billion
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:Increasing demand for eco-friendly and sustainable coatings in various industries is driving the growth of the waterborne polyurethane dispersions market.
Growing construction activities, especially in developing regions, are boosting the demand for waterborne polyurethane dispersions in paints and coatings applications.
Rising awareness about the benefits of waterborne polyurethane dispersions, such as low volatile organic compound emissions and improved durability, is fueling market growth.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Type, Functionality, Application, End-User Industry |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | BASF, Covestro, Huntsman, Dow Chemical Company, Evonik Industries, Lanxess Wacker Chemie, Ashland Global Holdings, Cargill, RPM International, Nippon Polyurethane, DIC, Toyo Kasei, HMG Paints, PPG Industries, |
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High cost associated with waterborne polyurethane dispersions compared to conventional coatings is a major restraint for market growth.
Stringent regulations regarding the maximum allowable VOC content in coatings are also hindering the growth of the waterborne polyurethane dispersions market.
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