수성 폴리우레탄 분산액 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 제품별, 용도별, 지역별, 경쟁별(2020-2030년)

The Global Aqueous Polyurethane Dispersion (APD) Market was valued at USD 2.12 Billion in 2024 and is projected to reach USD 2.83 Billion by 2030, expanding at a CAGR of 5.11% during the forecast period. APDs are gaining prominence as environmentally responsible alternatives to conventional solvent-based products in applications such as coatings, adhesives, sealants, and elastomers. Their water-based composition reduces VOC emissions and aligns with increasingly stringent environmental regulations. The market's growth is being fueled by rising environmental awareness, regulatory pressures, and the broad utility of APDs across sectors like textiles, automotive, furniture, and construction. Additionally, APDs offer performance benefits such as flexibility, durability, and compatibility with various substrates. As global industries prioritize sustainable solutions, aqueous polyurethane dispersions are positioned as a key innovation driving eco-conscious product development and industrial adaptation across diverse end-use sectors.

Key Market Drivers

Rising Urbanization

The accelerated pace of urbanization is a major driver of growth in the aqueous polyurethane dispersions (PUDs) market. With more people migrating to urban centers, there is an increased demand for infrastructure, transportation, housing, and consumer goods-all of which utilize PUDs in various applications. The United Nations projects that by 2050, 68% of the global population will reside in cities, up from 55% in 2024. This urban expansion is spurring the construction of residential and commercial buildings, where PUDs are used in coatings, adhesives, and waterproofing materials due to their low-VOC and high-performance properties. Additionally, rising urban incomes are boosting demand for high-quality furnishings, textiles, and automotive interiors, further strengthening the need for durable and aesthetically pleasing PUD-based products. The adoption of environmentally compliant and efficient solutions in densely populated areas highlights the strategic role of aqueous PUDs in advancing urban sustainability.

Key Market Challenges

Raw Material Cost Fluctuations

Volatility in raw material pricing poses a significant challenge to the Aqueous Polyurethane Dispersion (APD) market. Many of the essential inputs in APD manufacturing are derived from petrochemicals, making the market highly sensitive to changes in global oil and gas prices. These cost variations directly impact production expenses and, consequently, product pricing. In addition, the global supply chain for raw materials is vulnerable to disruptions caused by geopolitical instability, natural disasters, and transportation delays. Such factors can lead to material shortages and elevated procurement costs. For manufacturers, navigating these fluctuations requires strategic sourcing and supply chain resilience. The cost unpredictability also complicates long-term planning and profitability, particularly for companies operating in competitive or price-sensitive markets.

Key Market Trends

Growing Emphasis on Sustainability

The APD market is undergoing a significant transformation fueled by the global shift toward sustainability. As industries seek eco-friendly alternatives to traditional solvent-based formulations, APDs are gaining traction for their low VOC content and reduced environmental impact. Their water-based composition supports compliance with environmental regulations and aligns with corporate sustainability initiatives. In sectors like construction, demand for green building materials is accelerating the use of APD-based coatings and adhesives. These materials not only support environmental objectives but also deliver the high performance and durability required for modern infrastructure. Moreover, the broader industrial move toward low-emission, non-toxic products positions aqueous polyurethane dispersions as an essential component in sustainable product innovation across multiple end-use industries.

Key Market Players

• BASF SE
• Lamberti S.p.A.
• Alberdingk Boley
• C. L. HAUTHAWAY & SONS CORP
• Covestro AG
• DSM Corporation
• Wanhua Chemical Group
• Lanxess AG
• Stahl Holding
• Chase Corp

Report Scope:

In this report, the Global Aqueous Polyurethane Dispersion Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Aqueous Polyurethane Dispersion Market, By Product:

• Component Polyurethane
• Two Component Polyurethane
• Urethane Modified

Aqueous Polyurethane Dispersion Market, By Application:

• PUD Leather Finishing Agents
• PUD Coating Agents
• PUD Water-based Glue
• Waterborne Wood Coatings
• Water-based Paints

Aqueous Polyurethane Dispersion Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Aqueous Polyurethane Dispersion Market.

Available Customizations:

Global Aqueous Polyurethane Dispersion market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Applications
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Aqueous Polyurethane Dispersion Market

5. Global Aqueous Polyurethane Dispersion Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value & Volume
• 5.2. Market Share & Forecast
  • 5.2.1. By Product (Component Polyurethane, Two Component Polyurethane, Urethane Modified)
  • 5.2.2. By Application (PUD Leather Finishing Agents, PUD Coating Agents, PUD Water-based Glue, Waterborne Wood Coatings, Water-based Paints)
  • 5.2.3. By Region
  • 5.2.4. By Company (2024)
• 5.3. Market Map

6. Asia Pacific Aqueous Polyurethane Dispersion Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value & Volume
• 6.2. Market Share & Forecast
  • 6.2.1. By Product
  • 6.2.2. By Application
  • 6.2.3. By Country
• 6.3. Asia Pacific: Country Analysis
  • 6.3.1. China Aqueous Polyurethane Dispersion Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value & Volume
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Product
      • 6.3.1.2.2. By Application
  • 6.3.2. India Aqueous Polyurethane Dispersion Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value & Volume
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Product
      • 6.3.2.2.2. By Application
  • 6.3.3. Australia Aqueous Polyurethane Dispersion Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value & Volume
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Product
      • 6.3.3.2.2. By Application
  • 6.3.4. Japan Aqueous Polyurethane Dispersion Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value & Volume
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Product
      • 6.3.4.2.2. By Application
  • 6.3.5. South Korea Aqueous Polyurethane Dispersion Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value & Volume
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Product
      • 6.3.5.2.2. By Application

7. Europe Aqueous Polyurethane Dispersion Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value & Volume
• 7.2. Market Share & Forecast
  • 7.2.1. By Product
  • 7.2.2. By Application
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. France Aqueous Polyurethane Dispersion Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value & Volume
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Product
      • 7.3.1.2.2. By Application
  • 7.3.2. Germany Aqueous Polyurethane Dispersion Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value & Volume
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Product
      • 7.3.2.2.2. By Application
  • 7.3.3. Spain Aqueous Polyurethane Dispersion Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value & Volume
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Product
      • 7.3.3.2.2. By Application
  • 7.3.4. Italy Aqueous Polyurethane Dispersion Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value & Volume
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Product
      • 7.3.4.2.2. By Application
  • 7.3.5. United Kingdom Aqueous Polyurethane Dispersion Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value & Volume
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Product
      • 7.3.5.2.2. By Application

8. North America Aqueous Polyurethane Dispersion Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value & Volume
• 8.2. Market Share & Forecast
  • 8.2.1. By Product
  • 8.2.2. By Application
  • 8.2.3. By Country
• 8.3. North America: Country Analysis
  • 8.3.1. United States Aqueous Polyurethane Dispersion Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value & Volume
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Product
      • 8.3.1.2.2. By Application
  • 8.3.2. Mexico Aqueous Polyurethane Dispersion Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value & Volume
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Product
      • 8.3.2.2.2. By Application
  • 8.3.3. Canada Aqueous Polyurethane Dispersion Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value & Volume
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Product
      • 8.3.3.2.2. By Application

9. South America Aqueous Polyurethane Dispersion Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value & Volume
• 9.2. Market Share & Forecast
  • 9.2.1. By Product
  • 9.2.2. By Application
  • 9.2.3. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Aqueous Polyurethane Dispersion Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value & Volume
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Product
      • 9.3.1.2.2. By Application
  • 9.3.2. Argentina Aqueous Polyurethane Dispersion Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value & Volume
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Product
      • 9.3.2.2.2. By Application
  • 9.3.3. Colombia Aqueous Polyurethane Dispersion Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value & Volume
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Product
      • 9.3.3.2.2. By Application

10. Middle East and Africa Aqueous Polyurethane Dispersion Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value & Volume
• 10.2. Market Share & Forecast
  • 10.2.1. By Product
  • 10.2.2. By Application
  • 10.2.3. By Country
• 10.3. MEA: Country Analysis
  • 10.3.1. South Africa Aqueous Polyurethane Dispersion Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value & Volume
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Product
      • 10.3.1.2.2. By Application
  • 10.3.2. Saudi Arabia Aqueous Polyurethane Dispersion Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value & Volume
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Product
      • 10.3.2.2.2. By Application
  • 10.3.3. UAE Aqueous Polyurethane Dispersion Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value & Volume
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Product
      • 10.3.3.2.2. By Application

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Recent Developments
• 12.2. Product Launches
• 12.3. Mergers & Acquisitions

13. Global Aqueous Polyurethane Dispersion Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Product

15. PESTLE Analysis

16. Pricing Analysis

17. Competitive Landscape

• 17.1. BASF SE
  • 17.1.1. Business Overview
  • 17.1.2. Company Snapshot
  • 17.1.3. Products & Services
  • 17.1.4. Financials (As Reported)
  • 17.1.5. Recent Developments
• 17.2. Lamberti S.p.A.
• 17.3. Alberdingk Boley
• 17.4. C. L. HAUTHAWAY & SONS CORP
• 17.5. Covestro AG
• 17.6. DSM Corporation
• 17.7. Wanhua Chemical Group
• 17.8. Lanxess AG
• 17.9. Stahl Holding
• 17.10. Chase Corp

18. Strategic Recommendations

19. About Us & Disclaimer