ポリウレタン分散液市場レポート：2031年までの動向、予測、競合分析

世界のポリウレタン分散液市場の将来は、塗料・コーティング、接着剤・シーラント、皮革仕上げ、繊維仕上げの各市場における機会で有望視されています。世界のポリウレタン分散液市場は、2025年から2031年までのCAGRが7.3%で、2031年までに推定40億米ドルに達すると予想されます。この市場の主な促進要因は、持続可能で環境に優しい製品に対する需要の増加、家具やインテリアデザイン分野からの需要の増加、高性能コーティング剤、接着剤、シーラントに対する需要の高まりです。

• Lucintelの予測では、種類別カテゴリーでは、環境規制の強化や無溶剤PUDの利点に対する意識の高まりにより、無溶剤が予測期間中に高い成長を遂げる見込みです。
• 最終用途カテゴリーでは、自動車、建築、工業用塗料・コーティングを含む様々な塗料・コーティング市場からの需要増加により、塗料・コーティングが最大セグメントであり続けると思われます。
• 地域別では、産業活動の活発化、個人消費とインフラ支出の増加、中国やインドのような国々の力強い経済成長により、APACが予測期間中に最も高い成長を遂げると予想されます。

ポリウレタン分散液市場の戦略的成長機会

ポリウレタン分散液市場は、技術の進歩と消費者の嗜好の変化により、さまざまな用途において戦略的成長の機会を強く秘めています。こうした機会により、企業は効果的な戦略を通じて最良の結果を得ることができます。

• 自動車用塗料水性ポリウレタン分散液は、自動車産業がより軽量で環境に優しい材料を求めるようになっていることから、大きな機会をもたらしています。この製品ラインの強化は、規制要件を満たしながら車両性能を向上させるため、好ましい選択肢となります。
• 建設とインフラストラクチャー：世界のインフラ開発では、より強固で高性能なコーティング剤やシーリング剤が必要とされます。ポリウレタン分散液は、このような用途に耐候性と耐久性に優れたソリューションを提供することができます。
• 繊維用途：繊維産業では、コーティング剤、仕上げ剤、接着剤にポリウレタン分散液を使用するケースが増えています。この開発は、繊維の性能と寿命を向上させる多機能で環境に優しいソリューションの需要に応えるものです。
• 消費財：より環境に優しいソリューションに対する消費者の需要は、消費財、特に家具や家庭装飾用の低VOCで耐久性のあるソリューションへの応用を促進します。
• 接着剤とシーリング剤：接着剤市場は、環境にやさしい処方へとシフトしています。ポリウレタン分散液は優れた接着特性と柔軟性を備えており、包装から建築まで、あらゆる産業の幅広い接着用途に適しています。

こうした成長見通しから、ポリウレタン分散液市場は将来有望な市場と位置づけられており、各社は革新的な製品ラインナップを拡充していく必要があります。

ポリウレタン分散液市場の促進要因・課題

ポリウレタン分散液市場は、技術・経済・規制手段の発展による一連の促進要因・課題の影響を受けています。これらのダイナミクスを理解することは、競合情勢の中で事業を展開する上で重要です。

ポリウレタン分散液市場を牽引する要因は以下の通りです：

• 環境に優しい製品に対する需要の高まり：消費者の意識とVOC排出に関する厳しい規制が、低VOCおよび水性ポリウレタン分散液への需要を促進しています。これは世界の持続可能性の目標に沿ったものであり、産業界は技術革新に強い意欲を持っています。
• 技術開発：配合化学における継続的な研究開発は、より性能の高い製品につながります。製造工程の改善も、製品の効率と品質の向上につながります。
• 拡大する最終用途分野：ポリウレタン分散液の需要を牽引しているのは、主に自動車、建設、繊維などの拡大する分野であり、高性能で耐久性のあるコーティング剤や接着剤は、産業の拡大に伴って継続的に需要が高まっています。
• 規制への対応：多くの国で環境規制が厳しくなっているため、環境に優しい素材の使用が増加しています。メーカー各社は規制に準拠した製品を開発しており、市場の成長をさらに後押ししています。
• 新興市場：アジア太平洋地域では、新興国での工業化が急速に進んでいます。その結果、ポリウレタン分散液の需要が増加しています。様々な産業の需要に応えるため、現地メーカーが大量生産を開始しています。

ポリウレタン分散液市場の課題は以下の通りです：

• 原材料価格の変動：原材料価格の変動：原材料投入価格の変動がポリウレタン分散液のコストに影響し、生産が制限され、収益性に影響を及ぼします。そのため、競争力を維持するのが難しいです。
• 代替競合：アクリルや従来の溶剤ベースの製品などの代替材料は、より優れたコスト効率や同様の性能レベルを提供できるため、競争上の脅威となります。
• 技術的障壁：高度な配合には課題があり、開発コストも高いです。したがって、小規模メーカーがこのような日進月歩の市場で競争するのは容易ではありません。

こうした市場促進要因・課題の相互作用は、ポリウレタン分散液市場に大きな影響を与えます。この相互作用は、様々な軌道を通じて成長を促進し、市場プレイヤーの戦略的意思決定に影響を与えます。

目次

第1章 エグゼクティブサマリー

第2章 世界のポリウレタン分散液市場：市場力学

• イントロダクション、背景、分類
• サプライチェーン
• 業界の促進要因と課題

第3章 2019年から2031年までの市場動向と予測分析

• マクロ経済動向（2019-2024年）と予測（2025-2031年）
• 世界のポリウレタン分散液市場の動向（2019-2024年）と予測（2025-2031年）
• 世界のポリウレタン分散液市場、タイプ別
  • 溶剤不使用
  • 低溶剤
• 世界のポリウレタン分散液市場、最終用途別
  • 塗料とコーティング
  • 接着剤とシーラント
  • 革の仕上げ
  • 繊維仕上げ
  • その他

第4章 2019年から2031年までの市場動向と予測分析、地域別

• 世界のポリウレタン分散液市場、地域別
• 北米のポリウレタン分散液市場
• 欧州のポリウレタン分散液市場
• アジア太平洋のポリウレタン分散液市場
• その他地域のポリウレタン分散液市場

第5章 競合分析

• 製品ポートフォリオ分析
• 運用統合
• ポーターのファイブフォース分析

第6章 成長機会と戦略分析

• 成長機会分析
  • 世界のポリウレタン分散液市場における成長機会、タイプ別
  • 世界のポリウレタン分散液市場の成長機会、最終用途別
  • 世界のポリウレタン分散液市場の成長機会、地域別
• 世界のポリウレタン分散液市場の新たな動向
• 戦略分析
  • 新製品開発
  • 世界のポリウレタン分散液市場の生産能力拡大
  • 世界のポリウレタン分散液市場における合併、買収、合弁事業
  • 認証とライセンシング

第7章 主要企業の企業プロファイル

• BASF
• Wanhua Chemical
• Mitsui Chemical
• Huntsman
• Lanxess
• Covestro
• DSM
• SABIC
• Solvay
• Momentive

The future of the global polyurethane dispersion market looks promising with opportunities in the paint & coating, adhesive & sealant, leather finishing, and textile finishing markets. The global polyurethane dispersion market is expected to reach an estimated $4 billion by 2031 with a CAGR of 7.3% from 2025 to 2031. The major drivers for this market are the increasing demand for sustainable and environmentally friendly products, growing demand from the furniture and interior design sectors, and rising demand for high-performance coatings, adhesives, and sealants.

• Lucintel forecasts that, within the type category, solvent-free is expected to witness higher growth over the forecast period due to increasing environmental regulations and the growing awareness of the benefits of solvent-free PUDs.
• Within the end-use category, paints and coatings will remain the largest segment due to the rising demand from various paint and coatings markets, including automotive, construction, and industrial paint and coatings.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period due to growing industrial activities, rising consumer and infrastructure spending, and strong economic growth in countries like China and India.

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Emerging Trends in the Polyurethane Dispersion Market

The polyurethane dispersion market is witnessing catalytic changes driven by shifts in technology, the environment, and consumer lifestyles. These trends are fundamentally changing the development and application scenarios of products across various industries.

• Sustainable Product Development: Growing consumer demand and regulatory requirements for low VOC and eco-friendly products are promoting the manufacturing of sustainable polyurethane dispersions. Manufacturers still prefer low-VOC and biodegradable formulations of their polyurethane products that do not compromise performance.
• Formulation Chemistry Innovation: Innovations in formulation chemistry are driving the development of enhanced polyurethane dispersions with properties such as improved adhesion, flexibility, and weatherability. This is opening up new applications across various industries.
• Waterborne Coatings Growth: The shift from solvent-based coatings to waterborne coatings is a significant trend, underpinned by both regulatory and consumer imperatives. For example, many major industrial applications, such as automotive and industrial coatings, now use polyurethane dispersions based on water solutions.
• Integration of Smart Technologies: Research into integrating smart technologies, such as sensors and nanomaterials, into polyurethane dispersions is gaining momentum. These technological advancements are helping with real-time performance monitoring of materials, particularly in high-tech applications.
• Market Growth in Emerging Economies: In emerging economies, especially in the Asia-Pacific region, industrialization is driving the demand for polyurethane dispersions. Local manufacturers are expanding their production capacities to meet the growing demand for their products in the automotive, construction, and textile industries.

These trends are significantly transforming the polyurethane dispersion market, fostering innovation, and creating new growth opportunities for manufacturers.

Recent Developments in the Polyurethane Dispersion Market

The polyurethane dispersion market has observed significant developments, indicating how the industry will respond to technological advancements and welcome more sustainable demand. Key developments have the potential to influence shifting dynamics within the market and enhance the value of offerings.

• Enhanced Water-Borne Formulations: This innovation led to the development of waterborne polyurethane dispersions with the highest performance in adhesion and durability. These formulations have already gained traction in the automotive and furniture industries, closely following trends toward more eco-friendly solutions.
• Sustainable Sourcing of Raw Materials: More companies are showing increased interest in using sustainable raw materials to source polyurethane dispersions. Bio-based polyols are examples that help reduce dependence on fossil fuels and further satisfy consumer demand for greener products.
• Technological Developments in Manufacturing: Advanced manufacturing technologies are improving productivity and scalability in the production of polyurethane dispersions through automated production lines and continuous processes. These technologies are key to meeting growing demand while ensuring product quality.
• Regulatory Compliance Innovations: Manufacturers are formulating materials to comply with strict VOC requirements set by regulatory authorities. This not only helps in entering the market but also places companies at a premium for their exemplary approach to sustainability.
• Emerging Applications in Electronics: An interesting development underway is the investigation of polyurethane dispersions for electronic applications. Innovations in this field are producing insulating materials with superior electrical insulation properties, opening up new market segments and opportunities.

These developments are significantly impacting the polyurethane dispersion market, driving growth and competition positioning among manufacturers.

Strategic Growth Opportunities for Polyurethane Dispersion Market

The polyurethane dispersion market holds strong opportunities for strategic growth across a range of applications, driven by technological progress and changing consumer preferences. These opportunities enable companies to achieve the best possible results through effective strategies.

• Automotive Coatings: Waterborne polyurethane dispersions present significant opportunities, as the automotive industry increasingly seeks lighter, more environmentally friendly materials. Enhancements in this product line improve vehicle performance while meeting regulatory requirements, making them preferred options.
• Construction and Infrastructure: Global infrastructure development will require stronger, high-performance coatings and sealants. Polyurethane dispersions can provide weather-resistant and long-lasting solutions for these applications.
• Textile Applications: In the textile industry, polyurethane dispersions are increasingly used for coatings, finishes, and adhesives. This development responds to the demand for multifunctional, eco-friendly solutions that improve fabric performance and longevity.
• Consumer Goods: The demand for greener solutions from consumers will drive applications in consumer goods, particularly low-VOC, durable solutions for furniture and home decoration.
• Adhesives and Sealants: The adhesives market is shifting toward environmentally friendly formulations. Polyurethane dispersions have excellent adhesive properties and flexibility, making them suitable for a wide range of bonding applications across industries, from packaging to construction.

These growth prospects position the polyurethane dispersion market for a promising future, where companies must innovate and expand their product offerings.

Polyurethane Dispersion Market Driver and Challenges

The polyurethane dispersion market is influenced by a bundle of drivers and challenges driven by the development of technologies, economies, and regulatory instruments. Understanding these dynamics is important to operate in a competitive landscape.

The factors responsible for driving the polyurethane dispersion market include:

• Growing Demand for Eco-Friendly Products: Consumer awareness and stringent regulations regarding VOC emissions drive the demand for low-VOC and waterborne polyurethane dispersions. This is in line with global sustainability goals, as industries are strongly motivated to innovate.
• Technological Developments: Ongoing R&D in formulation chemistry leads to better-performing products. Improvements in manufacturing processes also result in better efficiency and quality of the products.
• Expanding End-Use Sectors: The driving demand for polyurethane dispersions is occurring mostly among expanding sectors such as automotive, construction, and textiles, where high-performance, durable coatings and adhesives are continually in demand with the expansion of the industries.
• Compliance with Regulations: Environmental regulations are stringent in many countries, which has led to the increased use of eco-friendly materials. Manufacturers are formulating compliant products, further boosting market growth.
• Emerging Markets: The Asia Pacific region has seen rapid industrialization in emerging economies. Consequently, the demand for polyurethane dispersions has increased. Local manufacturers have begun production in high quantities to meet the demands of various industries.

Challenges in the polyurethane dispersion market include:

• Raw Material Price Volatility: Fluctuations in the price of raw material inputs contribute to the cost of polyurethane dispersions, limiting production and affecting profitability. This makes it hard to remain competitive.
• Alternative Competition: Alternative materials such as acrylics and conventional solvent-based products pose competitive threats, as they can offer better cost efficiency or similar performance levels.
• Technological Barriers: Advanced formulations present challenges and high development costs. Therefore, it is not easy for small manufacturers to compete in such a fast-evolving market.

The interplay between these drivers and challenges has a significant impact on the polyurethane dispersion market. This interaction drives growth through various trajectories and informs strategic decisions for market players.

List of Polyurethane Dispersion Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies polyurethane dispersion companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyurethane dispersion companies profiled in this report include-

• BASF
• Wanhua Chemical
• Mitsui Chemical
• Huntsman
• Lanxess
• Covestro
• DSM
• SABIC
• Solvay
• Momentive

Polyurethane Dispersion by Segment

The study includes a forecast for the global polyurethane dispersion market by type, end use, and region.

Polyurethane Dispersion Market by Type [Analysis by Value from 2019 to 2031]:

• Solvent-Free
• Low-Solvent

Polyurethane Dispersion Market by End Use [Analysis by Value from 2019 to 2031]:

• Paints & Coatings
• Adhesives & Sealants
• Leather Finishing
• Textile Finishing
• Others

Polyurethane Dispersion Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Polyurethane Dispersion Market

Technology advances and the increasing demand for eco-friendly products have further spurred the growth of developments in the polyurethane dispersion market. Some of the key regions include the United States, China, Germany, India, and Japan. Additionally, new developments in the market are followed by innovative processes that improve performance and applications for polyurethane dispersions. With changes in the coatings and adhesives market integration, the US market is beginning to take shape in a more high-performance, low-VOC competitive landscape.

• U.S.: The United States market is growing for waterborne coatings in automotive and furniture applications of polyurethane dispersion. Manufacturers are making heavy investments in R&D efforts to drive the development of low-VOC dispersions that comply with increasingly tightening environmental regulations. The latest co-development by chemical companies with technology firms has resulted in new innovative formulations that enhance both durability and aesthetic properties. In addition, increased consumer awareness of sustainability is compelling brands to use greener products, further propelling growth in the market.
• China: The construction and automotive sectors are booming in China, which is driving significant growth in the polyurethane dispersion market. Recent government policies to promote eco-friendly materials have further focused attention on waterborne polyurethane dispersions. The production equipment of local producers has been improved, and various formulations have been developed to meet the specific needs of different industries. Better formulation chemistry leads to better adhesion and weatherability of the product, keeping it competitive in international markets.
• Germany: Germany applies its technological expertise to foster the polyurethane dispersion market, particularly in the automotive and industrial coatings industries. New developments include high-performance waterborne dispersions that offer superior chemical and mechanical resistance or flexibility. Furthermore, German producers are becoming more conscious of environmentally friendly raw materials and recycling. Germany's commitment to EU regulations, which emphasize environmental responsibility, makes German products, particularly in demand on the global scene.
• India: The market for polyurethane dispersion in India is on a growth path, with recent demand coming from the automotive and textiles industries. Local manufacturers are becoming more environmentally friendly and are investing in waterborne dispersions ready for export. Government infrastructure projects are also driving demand for coatings with durability requirements. However, fluctuations in the cost of raw materials continue to impede the market, pushing it to seek innovative solutions.
• Japan: Japan is a leader in innovation within the polyurethane dispersion market, with high-performance applications in the electronics and automotive sectors. Recently launched products include specialty dispersions offering unique properties, such as low-temperature flexibility and UV resistance. Japanese manufacturers continue to invest in automation and more sophisticated production techniques for efficiency and to reduce environmental impact.

Features of the Global Polyurethane Dispersion Market

Market Size Estimates: Polyurethane dispersion market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Polyurethane dispersion market size by type, end use, and region in terms of value ($B).

Regional Analysis: Polyurethane dispersion market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the polyurethane dispersion market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polyurethane dispersion market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the polyurethane dispersion market by type (solvent-free and low-solvent), end use (paints & coatings, adhesives & sealants, leather finishing, textile finishing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Polyurethane Dispersion Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Polyurethane Dispersion Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Polyurethane Dispersion Market by Type
  • 3.3.1: Solvent-Free
  • 3.3.2: Low-Solvent
• 3.4: Global Polyurethane Dispersion Market by End Use
  • 3.4.1: Paints & Coatings
  • 3.4.2: Adhesives & Sealants
  • 3.4.3: Leather Finishing
  • 3.4.4: Textile Finishing
  • 3.4.5: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Polyurethane Dispersion Market by Region
• 4.2: North American Polyurethane Dispersion Market
  • 4.2.1: North American Polyurethane Dispersion Market by Type: Solvent-Free and Low-Solvent
  • 4.2.2: North American Polyurethane Dispersion Market by End Use: Paints & Coatings, Adhesives & Sealants, Leather Finishing, Textile Finishing, and Others
• 4.3: European Polyurethane Dispersion Market
  • 4.3.1: European Polyurethane Dispersion Market by Type: Solvent-Free and Low-Solvent
  • 4.3.2: European Polyurethane Dispersion Market by End Use: Paints & Coatings, Adhesives & Sealants, Leather Finishing, Textile Finishing, and Others
• 4.4: APAC Polyurethane Dispersion Market
  • 4.4.1: APAC Polyurethane Dispersion Market by Type: Solvent-Free and Low-Solvent
  • 4.4.2: APAC Polyurethane Dispersion Market by End Use: Paints & Coatings, Adhesives & Sealants, Leather Finishing, Textile Finishing, and Others
• 4.5: ROW Polyurethane Dispersion Market
  • 4.5.1: ROW Polyurethane Dispersion Market by Type: Solvent-Free and Low-Solvent
  • 4.5.2: ROW Polyurethane Dispersion Market by End Use: Paints & Coatings, Adhesives & Sealants, Leather Finishing, Textile Finishing, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Polyurethane Dispersion Market by Type
  • 6.1.2: Growth Opportunities for the Global Polyurethane Dispersion Market by End Use
  • 6.1.3: Growth Opportunities for the Global Polyurethane Dispersion Market by Region
• 6.2: Emerging Trends in the Global Polyurethane Dispersion Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Polyurethane Dispersion Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Polyurethane Dispersion Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: BASF
• 7.2: Wanhua Chemical
• 7.3: Mitsui Chemical
• 7.4: Huntsman
• 7.5: Lanxess
• 7.6: Covestro
• 7.7: DSM
• 7.8: SABIC
• 7.9: Solvay
• 7.10: Momentive