Water-Based Polyurethane Dispersions Global Market

Water-Based Polyurethane Dispersions  Global Market

Global Water-Based Polyurethane Dispersions Market Industry Research Report 2026

Explore detailed insights, trends, growth drivers, key players, and forecasts for the Global Water-Based Polyurethane Dispersions Market Industry Research Report 2026 market worldwide.

Pages: 220

Format: PDF

Date: 01-2026

Select Licence

Global Water-Based Polyurethane Dispersions Market – Market Description

The Global Water-Based Polyurethane Dispersions (PUD) Market is a fast-growing segment of the sustainable coatings and adhesives industry. Water-based polyurethane dispersions are environmentally friendly polymer systems in which polyurethane particles are dispersed in water, offering low VOC emissions, excellent flexibility, abrasion resistance, adhesion, and chemical stability.

The Global Water-Based Polyurethane Dispersions Market Report 2025 provides a comprehensive analysis of market structure, technology trends, regulatory influence, and competitive dynamics. The report evaluates historical market performance and forecasts future growth for the 2026–2036 period, incorporating sustainability regulations, end-use industry expansion, innovation in bio-based PUDs, and performance advancements.

Market growth is strongly supported by the global shift toward low-VOC, waterborne, and environmentally compliant materials, particularly in coatings, leather finishing, adhesives, and wood protection applications.

Market Segmentation

By Type

  • Component Polyurethane
    • Single-component, easy-to-use systems
    • Widely used in coatings and adhesives
  • Two-Component Polyurethane
    • Superior chemical and abrasion resistance
    • Preferred for high-performance industrial coatings
  • Urethane-Modified
    • Enhanced flexibility and adhesion
    • Used in specialty coatings and hybrid formulations

By Application

  • PUD Leather Finishing Agents
    • Footwear, automotive upholstery, and fashion goods
  • PUD Coating Agent
    • Industrial and protective surface coatings
  • Waterborne Wood Coatings
    • Furniture, flooring, and interior wood protection
  • Water-Based Paint
    • Architectural and decorative coatings
  • PUD Water-Based Glue
    • Packaging, textiles, and industrial bonding applications

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Spain, Russia, others)
  • Asia-Pacific (China, India, Japan, Southeast Asia, others)
  • South America (Brazil, Argentina, others)
  • Middle East & Africa (Saudi Arabia, South Africa, others)

Impact of COVID-19 on the Water-Based Polyurethane Dispersions Market

The COVID-19 pandemic negatively impacted the market in 2020 due to:

  • Temporary shutdowns of manufacturing facilities
  • Reduced demand from automotive, footwear, and construction sectors
  • Supply chain and logistics disruptions

Recovery was supported by:

  • Rapid rebound in construction, furniture, and renovation activities
  • Increased demand for low-odor and indoor-safe coatings
  • Accelerated adoption of environmentally compliant materials

Post-pandemic trends reinforced the long-term shift toward water-based and sustainable polymer technologies.

Key Players Analysis

Major companies operating in the global Water-Based Polyurethane Dispersions market include:

  • Bayer
  • DSM
  • Lubrizol
  • BASF
  • Alberdingk Boley
  • Hauthaway
  • Stahl
  • Mitsui Chemicals
  • UBE
  • Chemtura
  • DIC
  • Reichhold
  • Wanhua Chemical
  • Ketian Chemical
  • SiwoChem
  • Grand Chemical
  • Guangdong Orient
  • Shandong Audmay

Competition is driven by VOC compliance, performance customization, pricing, and regional manufacturing presence.

Porter’s Five Forces Analysis

  • Threat of New Entrants: Moderate
    Technology complexity and regulatory compliance limit rapid entry.
  • Bargaining Power of Suppliers: Moderate
    Dependence on isocyanates and polyols influences cost structures.
  • Bargaining Power of Buyers: High
    Coating and adhesive formulators demand competitive pricing and performance.
  • Threat of Substitutes: Moderate
    Acrylic and epoxy dispersions compete in selected applications.
  • Competitive Rivalry: High
    Strong competition among global and regional PUD producers.

SWOT Analysis

Strengths

  • Low VOC and environmentally compliant
  • Excellent flexibility and adhesion
  • Wide application versatility

Weaknesses

  • Higher cost compared to solvent-based systems
  • Sensitivity to moisture and temperature during application

Opportunities

  • Growth of green building and sustainable coatings
  • Rising demand for waterborne leather and wood finishes
  • Expansion in Asia-Pacific manufacturing

Threats

  • Volatile raw material prices
  • Competition from alternative waterborne polymers
  • Regulatory complexity across regions

Trend Analysis

  • Increasing adoption of bio-based and solvent-free PUDs
  • Growth of waterborne wood and leather coatings
  • Rising use in architectural and decorative paints
  • Continuous innovation in high-performance two-component PUDs

Market Drivers

  • Stringent VOC and environmental regulations
  • Growth in construction, furniture, and footwear industries
  • Rising consumer preference for eco-friendly coatings
  • Expansion of water-based adhesive applications

Market Challenges

  • Performance limitations in extreme environments
  • Higher formulation and processing costs
  • Technical complexity in high-performance applications

Value Chain Analysis

  • Raw Material Suppliers – Polyols, isocyanates, additives
  • PUD Manufacturers – Polymer synthesis and dispersion
  • Formulators – Coatings, adhesives, and finishing systems
  • End Users – Construction, furniture, automotive, footwear, and packaging industries

Market Outlook (2026–2036)

The global Water-Based Polyurethane Dispersions market is expected to grow at a strong and sustainable CAGR during the forecast period, driven by:

  • Global transition toward waterborne and low-VOC technologies
  • Continuous innovation in high-performance PUD systems
  • Rapid industrial and construction growth in emerging economies

Overall, the market outlook remains highly positive, with sustainability, regulatory compliance, and performance enhancement defining long-term growth.

Explore more reports here-
https://chemreports.com/reports

1. Market Overview of Water-Based Polyurethane Dispersions
    1.1 Water-Based Polyurethane Dispersions Market Overview
        1.1.1 Water-Based Polyurethane Dispersions Product Scope
        1.1.2 Market Status and Outlook
    1.2 Water-Based Polyurethane Dispersions Market Size by Regions:
    1.3 Water-Based Polyurethane Dispersions Historic Market Size by Regions
    1.4 Water-Based Polyurethane Dispersions Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2025 Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Water-Based Polyurethane Dispersions Sales Market by Type
    2.1 Global Water-Based Polyurethane Dispersions Historic Market Size by Type
    2.2 Global Water-Based Polyurethane Dispersions Forecasted Market Size by Type
    2.3 Component polyurethane
    2.4 Two-component polyurethane
    2.5 Urethane-modified
3. Covid-19 Impact Water-Based Polyurethane Dispersions Sales Market by Application
    3.1 Global Water-Based Polyurethane Dispersions Historic Market Size by Application
    3.2 Global Water-Based Polyurethane Dispersions Forecasted Market Size by Application
    3.3 PUD leather finishing agents
    3.4 PUD coating agent
    3.5 Waterborne Wood Coatings
    3.6 Water-based paint
    3.7 PUD water-based glue
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Water-Based Polyurethane Dispersions Production Capacity Market Share by Manufacturers
    4.2 Global Water-Based Polyurethane Dispersions Revenue Market Share by Manufacturers
    4.3 Global Water-Based Polyurethane Dispersions Average Price by Manufacturers
5. Company Profiles and Key Figures in Water-Based Polyurethane Dispersions Business
    5.1 Bayer
        5.1.1 Bayer Company Profile
        5.1.2 Bayer Water-Based Polyurethane Dispersions Product Specification
        5.1.3 Bayer Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.2 DSM
        5.2.1 DSM Company Profile
        5.2.2 DSM Water-Based Polyurethane Dispersions Product Specification
        5.2.3 DSM Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.3 Lubrizol
        5.3.1 Lubrizol Company Profile
        5.3.2 Lubrizol Water-Based Polyurethane Dispersions Product Specification
        5.3.3 Lubrizol Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.4 BASF
        5.4.1 BASF Company Profile
        5.4.2 BASF Water-Based Polyurethane Dispersions Product Specification
        5.4.3 BASF Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.5 Alberdingk Boley
        5.5.1 Alberdingk Boley Company Profile
        5.5.2 Alberdingk Boley Water-Based Polyurethane Dispersions Product Specification
        5.5.3 Alberdingk Boley Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.6 Hauthaway
        5.6.1 Hauthaway Company Profile
        5.6.2 Hauthaway Water-Based Polyurethane Dispersions Product Specification
        5.6.3 Hauthaway Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.7 Stahl
        5.7.1 Stahl Company Profile
        5.7.2 Stahl Water-Based Polyurethane Dispersions Product Specification
        5.7.3 Stahl Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.8 Mitsui
        5.8.1 Mitsui Company Profile
        5.8.2 Mitsui Water-Based Polyurethane Dispersions Product Specification
        5.8.3 Mitsui Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.9 UBE
        5.9.1 UBE Company Profile
        5.9.2 UBE Water-Based Polyurethane Dispersions Product Specification
        5.9.3 UBE Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.10 Chemtura
        5.10.1 Chemtura Company Profile
        5.10.2 Chemtura Water-Based Polyurethane Dispersions Product Specification
        5.10.3 Chemtura Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.11 DIC
        5.11.1 DIC Company Profile
        5.11.2 DIC Water-Based Polyurethane Dispersions Product Specification
        5.11.3 DIC Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.12 Reichhold
        5.12.1 Reichhold Company Profile
        5.12.2 Reichhold Water-Based Polyurethane Dispersions Product Specification
        5.12.3 Reichhold Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.13 Wanhua Chemical
        5.13.1 Wanhua Chemical Company Profile
        5.13.2 Wanhua Chemical Water-Based Polyurethane Dispersions Product Specification
        5.13.3 Wanhua Chemical Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.14 Ketian Chemical
        5.14.1 Ketian Chemical Company Profile
        5.14.2 Ketian Chemical Water-Based Polyurethane Dispersions Product Specification
        5.14.3 Ketian Chemical Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.15 SiwoChem
        5.15.1 SiwoChem Company Profile
        5.15.2 SiwoChem Water-Based Polyurethane Dispersions Product Specification
        5.15.3 SiwoChem Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.16 Grand Chemical
        5.16.1 Grand Chemical Company Profile
        5.16.2 Grand Chemical Water-Based Polyurethane Dispersions Product Specification
        5.16.3 Grand Chemical Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.17 GUANGDONG ORIENT
        5.17.1 GUANGDONG ORIENT Company Profile
        5.17.2 GUANGDONG ORIENT Water-Based Polyurethane Dispersions Product Specification
        5.17.3 GUANGDONG ORIENT Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
    5.18 Shandong Audmay
        5.18.1 Shandong Audmay Company Profile
        5.18.2 Shandong Audmay Water-Based Polyurethane Dispersions Product Specification
        5.18.3 Shandong Audmay Water-Based Polyurethane Dispersions Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Water-Based Polyurethane Dispersions Market Size
    6.2 North America Water-Based Polyurethane Dispersions Key Players in North America
    6.3 North America Water-Based Polyurethane Dispersions Market Size by Type
    6.4 North America Water-Based Polyurethane Dispersions Market Size by Application
7. East Asia
    7.1 East Asia Water-Based Polyurethane Dispersions Market Size
    7.2 East Asia Water-Based Polyurethane Dispersions Key Players in North America
    7.3 East Asia Water-Based Polyurethane Dispersions Market Size by Type
    7.4 East Asia Water-Based Polyurethane Dispersions Market Size by Application
8. Europe
    8.1 Europe Water-Based Polyurethane Dispersions Market Size
    8.2 Europe Water-Based Polyurethane Dispersions Key Players in North America
    8.3 Europe Water-Based Polyurethane Dispersions Market Size by Type
    8.4 Europe Water-Based Polyurethane Dispersions Market Size by Application
9. South Asia
    9.1 South Asia Water-Based Polyurethane Dispersions Market Size
    9.2 South Asia Water-Based Polyurethane Dispersions Key Players in North America
    9.3 South Asia Water-Based Polyurethane Dispersions Market Size by Type
    9.4 South Asia Water-Based Polyurethane Dispersions Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Water-Based Polyurethane Dispersions Market Size
    10.2 Southeast Asia Water-Based Polyurethane Dispersions Key Players in North America
    10.3 Southeast Asia Water-Based Polyurethane Dispersions Market Size by Type
    10.4 Southeast Asia Water-Based Polyurethane Dispersions Market Size by Application
11. Middle East
    11.1 Middle East Water-Based Polyurethane Dispersions Market Size
    11.2 Middle East Water-Based Polyurethane Dispersions Key Players in North America
    11.3 Middle East Water-Based Polyurethane Dispersions Market Size by Type
    11.4 Middle East Water-Based Polyurethane Dispersions Market Size by Application
12. Africa
    12.1 Africa Water-Based Polyurethane Dispersions Market Size
    12.2 Africa Water-Based Polyurethane Dispersions Key Players in North America
    12.3 Africa Water-Based Polyurethane Dispersions Market Size by Type
    12.4 Africa Water-Based Polyurethane Dispersions Market Size by Application
13. Oceania
    13.1 Oceania Water-Based Polyurethane Dispersions Market Size
    13.2 Oceania Water-Based Polyurethane Dispersions Key Players in North America
    13.3 Oceania Water-Based Polyurethane Dispersions Market Size by Type
    13.4 Oceania Water-Based Polyurethane Dispersions Market Size by Application
14. South America
    14.1 South America Water-Based Polyurethane Dispersions Market Size
    14.2 South America Water-Based Polyurethane Dispersions Key Players in North America
    14.3 South America Water-Based Polyurethane Dispersions Market Size by Type
    14.4 South America Water-Based Polyurethane Dispersions Market Size by Application
15. Rest of the World
    15.1 Rest of the World Water-Based Polyurethane Dispersions Market Size
    15.2 Rest of the World Water-Based Polyurethane Dispersions Key Players in North America
    15.3 Rest of the World Water-Based Polyurethane Dispersions Market Size by Type
    15.4 Rest of the World Water-Based Polyurethane Dispersions Market Size by Application
16 Water-Based Polyurethane Dispersions Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Component Polyurethane
    • Single-component, easy-to-use systems
    • Widely used in coatings and adhesives
  • Two-Component Polyurethane
    • Superior chemical and abrasion resistance
    • Preferred for high-performance industrial coatings
  • Urethane-Modified
    • Enhanced flexibility and adhesion
    • Used in specialty coatings and hybrid formulations

By Application

  • PUD Leather Finishing Agents
    • Footwear, automotive upholstery, and fashion goods
  • PUD Coating Agent
    • Industrial and protective surface coatings
  • Waterborne Wood Coatings
    • Furniture, flooring, and interior wood protection
  • Water-Based Paint
    • Architectural and decorative coatings
  • PUD Water-Based Glue
    • Packaging, textiles, and industrial bonding applications

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Spain, Russia, others)
  • Asia-Pacific (China, India, Japan, Southeast Asia, others)
  • South America (Brazil, Argentina, others)
  • Middle East & Africa (Saudi Arabia, South Africa, others)

Impact of COVID-19 on the Water-Based Polyurethane Dispersions Market

The COVID-19 pandemic negatively impacted the market in 2020 due to:

  • Temporary shutdowns of manufacturing facilities
  • Reduced demand from automotive, footwear, and construction sectors
  • Supply chain and logistics disruptions

Recovery was supported by:

  • Rapid rebound in construction, furniture, and renovation activities
  • Increased demand for low-odor and indoor-safe coatings
  • Accelerated adoption of environmentally compliant materials

Post-pandemic trends reinforced the long-term shift toward water-based and sustainable polymer technologies.

Key Players Analysis

Major companies operating in the global Water-Based Polyurethane Dispersions market include:

  • Bayer
  • DSM
  • Lubrizol
  • BASF
  • Alberdingk Boley
  • Hauthaway
  • Stahl
  • Mitsui Chemicals
  • UBE
  • Chemtura
  • DIC
  • Reichhold
  • Wanhua Chemical
  • Ketian Chemical
  • SiwoChem
  • Grand Chemical
  • Guangdong Orient
  • Shandong Audmay

Competition is driven by VOC compliance, performance customization, pricing, and regional manufacturing presence.

Upto 24 to 48 hrs (Working Hours)

Upto 72 hrs max (Working Hours) - Weekends and Public Holidays

Single User License - Allows access to only one person to the report.

Multi User License - Allows sharing with max 5 persons within organization.

Corporate License – Can be shared across entire organization.

Online Payments with PayPal

Wire Transfer / Bank Transfer

Why Choose Us

24/7 Expert Support

At ChemReports, we understand that business decisions can’t wait. Our research specialists are available anytime to answer your queries and guide you through our reports, ensuring quick and reliable assistance.


Comprehensive Market Coverage

ChemReports provides 360° market analysis across materials, technologies, and global chemical sectors—helping you make confident business decisions.


Actionable Intelligence

We turn complex data into strategic insights to support fact-based decisions, market entry strategies, and competitive analysis.


Data Privacy & Security

Your personal and business information is completely secure with us. We value your trust and ensure strict confidentiality.


Customized Research

Need tailored insights? Our analysts provide custom reports built on authentic data and aligned with your specific business goals.

FAQs

Yes, we are providing all research support to get resolve all queries and concerns regarding the report. For all our clients.
Yes, we are providing complete customization in every report to fulfill your business needs.
Yes, we are providing regional and countries level analysis in the report, please mention the countries you are looking.
Yes, we are providing a discount for individuals and startups.
We offer access to more than one million market research reports. If the specific topic you need is not listed on our website, simply email us your requirements at sales@chemreports.com. Our research team will review your request and provide a customized report or the most relevant available study. We?re always happy to assist you with tailored solutions.