Global Water-based PUD Supply, Demand and Key Producers, 2026-2032
Description
The global Water-based PUD market size is expected to reach $ 5193 million by 2032, rising at a market growth of 6.7% CAGR during the forecast period (2026-2032).
The global market for water-based polyurethane dispersions (PUD) is projected to experience robust growth from 2024 to 2031. Annual sales volume is expected to exceed 1,178,000 tons by 2031, driven by the increasing demand for eco-friendly alternatives in coatings, adhesives, textiles, and automotive industries. The compound annual growth rate (CAGR) during this period is forecasted to be around 6% to 8%, as more manufacturers adopt low-VOC and sustainable solutions. The price range for PUD is estimated to be between $3,000 and $5,000 per ton, depending on factors such as product type, application, and performance specifications.
Water-based Polyurethane (PUD) is a polyurethane dispersion that uses water as a solvent. It is widely used in various industries such as coatings, adhesives, textiles, and leather processing. Compared to traditional solvent-based polyurethanes, water-based polyurethanes have lower volatile organic compound (VOC) emissions and cause less environmental pollution, making them compliant with increasingly stringent environmental regulations. Due to its environmental advantages, water-based polyurethane is gradually replacing solvent-based products globally, with the coating and ink industries being the largest users.
In recent years, as environmental regulations have become stricter, the water-based polyurethane market has shown consistent growth. The demand for low-pollution, low-VOC products from both consumers and businesses is steadily increasing, making water-based polyurethane the material of choice in many industries. Particularly in industries like automotive, furniture, construction, and textiles, the demand for water-based polyurethane continues to rise, driving the market's expansion. Additionally, with advancements in technology, the performance of water-based polyurethane has been significantly improved, meeting the needs of high-end coatings, film materials, and other high-performance products.
Several factors are driving the rapid growth of the water-based polyurethane market. First, the increasing stringency of global environmental regulations puts pressure on traditional solvent-based polyurethanes, and water-based polyurethane, with its low VOC emissions and environmental advantages, has become the material of choice for companies aiming to comply with these regulations. Secondly, the demand for environmentally friendly materials from consumers is growing, particularly in industries such as furniture, automotive, and coatings. Water-based polyurethane, with its safety and environmental benefits, has become an essential material in these sectors. Furthermore, as technology continues to improve, the performance of water-based polyurethane has been enhanced, leading to a surge in demand from high-end markets.
Market Challenges, Risks, & Restraints
Despite the promising prospects of the water-based polyurethane market, it still faces certain challenges and risks. First, water-based polyurethane has some performance limitations compared to solvent-based polyurethane, especially in terms of high-temperature resistance and chemical resistance, which limits its use in certain high-demand applications. Secondly, the raw materials for producing water-based polyurethane are relatively expensive, leading to a higher product price, which can limit its adoption in low-end markets. Additionally, the production process of water-based polyurethane is more complex, which makes it challenging for smaller companies to adopt the technology.
Downstream Demand Trends
As the global trend towards environmental sustainability accelerates, the downstream demand for water-based polyurethane continues to grow, especially in industries such as coatings, textiles, and leather processing. Consumers' preference for eco-friendly coatings is increasing, which is driving the demand for water-based polyurethane in building and furniture coatings. Furthermore, as consumers' expectations for product quality and performance rise, the use of water-based polyurethane in high-end coatings, film materials, and automotive interior materials is increasing, further driving market demand.
This report studies the global Water-based PUD production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Water-based PUD and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Water-based PUD that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Water-based PUD total production and demand, 2021-2032, (K Tons)
Global Water-based PUD total production value, 2021-2032, (USD Million)
Global Water-based PUD production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Tons), (based on production site)
Global Water-based PUD consumption by region & country, CAGR, 2021-2032 & (K Tons)
U.S. VS China: Water-based PUD domestic production, consumption, key domestic manufacturers and share
Global Water-based PUD production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Tons)
Global Water-based PUD production by Soft Segment Chemistry, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
Global Water-based PUD production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
This report profiles key players in the global Water-based PUD market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Covestro AG, BASF SE, Dow Chemical, Lubrizol Corporation, Alberdingk Boley GmbH, Stahl Holdings B.V., DIC Corporation, Hauthaway Corporation, Mitsui Chemicals, UBE Corporation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Water-based PUD market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Tons) and average price (US$/Ton) by manufacturer, by Soft Segment Chemistry, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Water-based PUD Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Water-based PUD Market, Segmentation by Soft Segment Chemistry:
Polyester Type
Polyether Type
Polycarbonate Type
Global Water-based PUD Market, Segmentation by Ionic Type:
Anionic PUDs
Cationic PUDs
Others
Global Water-based PUD Market, Segmentation by Solid Content Level:
Low Solid (20–30%)
Medium Solid (30–40%)
High Solid (40–55%)
Global Water-based PUD Market, Segmentation by Solvent Content:
Zero-VOC (Solvent-Free)
Low-Solvent (<5%)
Conventional-Solvent (5–10%)
Others
Global Water-based PUD Market, Segmentation by Application:
Coatings
Adhesives
Leather Finishing
Inks
Others
Companies Profiled:
Covestro AG
BASF SE
Dow Chemical
Lubrizol Corporation
Alberdingk Boley GmbH
Stahl Holdings B.V.
DIC Corporation
Hauthaway Corporation
Mitsui Chemicals
UBE Corporation
Wanhua Chemical Group
SIWO Polymer Co., Ltd.
BADEFU Group
Guangzhou Guanzhi New Materials
Key Questions Answered:
1. How big is the global Water-based PUD market?
2. What is the demand of the global Water-based PUD market?
3. What is the year over year growth of the global Water-based PUD market?
4. What is the production and production value of the global Water-based PUD market?
5. Who are the key producers in the global Water-based PUD market?
6. What are the growth factors driving the market demand?
The global market for water-based polyurethane dispersions (PUD) is projected to experience robust growth from 2024 to 2031. Annual sales volume is expected to exceed 1,178,000 tons by 2031, driven by the increasing demand for eco-friendly alternatives in coatings, adhesives, textiles, and automotive industries. The compound annual growth rate (CAGR) during this period is forecasted to be around 6% to 8%, as more manufacturers adopt low-VOC and sustainable solutions. The price range for PUD is estimated to be between $3,000 and $5,000 per ton, depending on factors such as product type, application, and performance specifications.
Water-based Polyurethane (PUD) is a polyurethane dispersion that uses water as a solvent. It is widely used in various industries such as coatings, adhesives, textiles, and leather processing. Compared to traditional solvent-based polyurethanes, water-based polyurethanes have lower volatile organic compound (VOC) emissions and cause less environmental pollution, making them compliant with increasingly stringent environmental regulations. Due to its environmental advantages, water-based polyurethane is gradually replacing solvent-based products globally, with the coating and ink industries being the largest users.
In recent years, as environmental regulations have become stricter, the water-based polyurethane market has shown consistent growth. The demand for low-pollution, low-VOC products from both consumers and businesses is steadily increasing, making water-based polyurethane the material of choice in many industries. Particularly in industries like automotive, furniture, construction, and textiles, the demand for water-based polyurethane continues to rise, driving the market's expansion. Additionally, with advancements in technology, the performance of water-based polyurethane has been significantly improved, meeting the needs of high-end coatings, film materials, and other high-performance products.
Several factors are driving the rapid growth of the water-based polyurethane market. First, the increasing stringency of global environmental regulations puts pressure on traditional solvent-based polyurethanes, and water-based polyurethane, with its low VOC emissions and environmental advantages, has become the material of choice for companies aiming to comply with these regulations. Secondly, the demand for environmentally friendly materials from consumers is growing, particularly in industries such as furniture, automotive, and coatings. Water-based polyurethane, with its safety and environmental benefits, has become an essential material in these sectors. Furthermore, as technology continues to improve, the performance of water-based polyurethane has been enhanced, leading to a surge in demand from high-end markets.
Market Challenges, Risks, & Restraints
Despite the promising prospects of the water-based polyurethane market, it still faces certain challenges and risks. First, water-based polyurethane has some performance limitations compared to solvent-based polyurethane, especially in terms of high-temperature resistance and chemical resistance, which limits its use in certain high-demand applications. Secondly, the raw materials for producing water-based polyurethane are relatively expensive, leading to a higher product price, which can limit its adoption in low-end markets. Additionally, the production process of water-based polyurethane is more complex, which makes it challenging for smaller companies to adopt the technology.
Downstream Demand Trends
As the global trend towards environmental sustainability accelerates, the downstream demand for water-based polyurethane continues to grow, especially in industries such as coatings, textiles, and leather processing. Consumers' preference for eco-friendly coatings is increasing, which is driving the demand for water-based polyurethane in building and furniture coatings. Furthermore, as consumers' expectations for product quality and performance rise, the use of water-based polyurethane in high-end coatings, film materials, and automotive interior materials is increasing, further driving market demand.
This report studies the global Water-based PUD production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Water-based PUD and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Water-based PUD that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Water-based PUD total production and demand, 2021-2032, (K Tons)
Global Water-based PUD total production value, 2021-2032, (USD Million)
Global Water-based PUD production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Tons), (based on production site)
Global Water-based PUD consumption by region & country, CAGR, 2021-2032 & (K Tons)
U.S. VS China: Water-based PUD domestic production, consumption, key domestic manufacturers and share
Global Water-based PUD production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Tons)
Global Water-based PUD production by Soft Segment Chemistry, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
Global Water-based PUD production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Tons)
This report profiles key players in the global Water-based PUD market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Covestro AG, BASF SE, Dow Chemical, Lubrizol Corporation, Alberdingk Boley GmbH, Stahl Holdings B.V., DIC Corporation, Hauthaway Corporation, Mitsui Chemicals, UBE Corporation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Water-based PUD market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Tons) and average price (US$/Ton) by manufacturer, by Soft Segment Chemistry, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Water-based PUD Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Water-based PUD Market, Segmentation by Soft Segment Chemistry:
Polyester Type
Polyether Type
Polycarbonate Type
Global Water-based PUD Market, Segmentation by Ionic Type:
Anionic PUDs
Cationic PUDs
Others
Global Water-based PUD Market, Segmentation by Solid Content Level:
Low Solid (20–30%)
Medium Solid (30–40%)
High Solid (40–55%)
Global Water-based PUD Market, Segmentation by Solvent Content:
Zero-VOC (Solvent-Free)
Low-Solvent (<5%)
Conventional-Solvent (5–10%)
Others
Global Water-based PUD Market, Segmentation by Application:
Coatings
Adhesives
Leather Finishing
Inks
Others
Companies Profiled:
Covestro AG
BASF SE
Dow Chemical
Lubrizol Corporation
Alberdingk Boley GmbH
Stahl Holdings B.V.
DIC Corporation
Hauthaway Corporation
Mitsui Chemicals
UBE Corporation
Wanhua Chemical Group
SIWO Polymer Co., Ltd.
BADEFU Group
Guangzhou Guanzhi New Materials
Key Questions Answered:
1. How big is the global Water-based PUD market?
2. What is the demand of the global Water-based PUD market?
3. What is the year over year growth of the global Water-based PUD market?
4. What is the production and production value of the global Water-based PUD market?
5. Who are the key producers in the global Water-based PUD market?
6. What are the growth factors driving the market demand?
Table of Contents
121 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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