Polyurethane dispersion is simply a polyurethane polymer resin dispersed in water and has a high molecular weight, and is produced by the reaction of diisocyanates or polyisocyanates and polyols. According to BlueQuark Research & Consulting, the global Polyurethane Dispersion market is expected to witness a significant growth rate during the forecasted period. Factors like the increased use of Polyurethane Dispersion in Paints & Coatings due to its properties like weather resistance and aberration resistance are expected to propel the future Polyurethane Dispersion market in the forecasted period. Further, the use of Polyurethane Dispersion in the Building & Construction industry is awaited to drive the growth of the Global Polyurethane Dispersion market in the forecasted period. Furthermore, the increasing demand for Polyurethane Dispersion in the Automobile industry due to its properties such as high tensile strength, thermal ability, etc., is predicted to drive the global Polyurethane Dispersion market in the forecasted period. However, fluctuation in the prices of the crude materials of Polyurethane Dispersion is likely to hinder the Global PUDs Market growth. 

Polyurethane Dispersion is utilized in hygiene coatings, insulating coatings, concrete sealers, paper coatings, leather finishing, textile finishing, printing ink, footwear, seat covers, handbags, apparel, etc. 

The Primary usage of Polyurethane Dispersion is in the Paints & Coatings Industry. There has been a prodigious growth in the usage of Polyurethane Dispersion in the Paints & Coatings Industry due to their properties like low impact on the environment, low amount of VOC, domain and user friendly, less aggressive on sensitive substrates/materials that solvents can damage, thereby driving the global Polyurethane Dispersion market. Further, the paints & coatings sector is one of the most regulated industries by the government owing to its impact on the environment. Thereby, applying paints & coatings has to be done by following air quality regulations and tracking the corrosive properties of the materials on which it is applied. Thus, the Traditional solvent-based coatings are being replaced by environment-friendly, Polyurethane products, thereby fueling the global market for Polyurethane Dispersion. Polyurethane dispersions are used in paints owing to low volatile organic compound emission, high abrasion resistance, excellent durability, and absence of harmful monomers. Water based polyurethane dispersion are flexible and environmentally friendly materials available in a broad range of hardness and solid content. Their versatility and an expanded range of superior properties, like abrasion resistance, impact strength, and low-temperature flexibility, are the driving forces behind their continuously developing usage in many applications. Waterborne polyurethane dispersion is free from isocyanate residues and has a low volatile organic compound which is expected to project market growth. Moreover, technological advancements and investments in research & development to produce more efficient and environmentally friendly products will likely boost the market during the forecasted period. These are the factors projected to propel the growth of the Global Polyurethane Dispersions market.   

The Asia-Pacific region is predicted to be a market leader as it is one of the rapid-growing markets for Polyurethane Dispersion. Factors like increasing population, rise in growing income families, young people, and demand in the domestic and regional markets have raised the need for Polyurethane Dispersion in these regions, thereby propelling the market in the Asia-Pacific region. China and India are the prime consumers in Asia Pacific Region, with China holding a sizeable economic GDP. Further, factors like the GDPs of the appearing countries increasing with the manufacturing capabilities and funds allocated for infrastructure development are predicted to drive the Colloidal Silica market. Further, Polyurethane Dispersion is utilized as adhesives, sealants, and coatings during the manufacture of different parts of automobiles. China is also the world's largest automobile-producing economy, driven by its ability to deliver low-cost labor and materials. It has advanced across several other competitive drivers such as infrastructure, favorable policies, a large consumer base, strategic global supply systems, and an established supplier network. Further, other than automotive, paints, coating, and construction, furniture, textiles, and footwear are some of the other significant polyurethane industries dispersion-based adhesives. Solvent-free is the most widely used type of PUDs in various applications, like paints & coatings, leather finishing, textile finishing, adhesives & sealants, and so on. The growing use can be attributed to their low impact on the environment. Solvent-free PUDs contain a low amount of VOC and are examined environment & user friendly. They are less driven on sensitive substrates that can be unfavorable by solvents. The solvent-free PUDs consist of binders in hygiene coatings, concrete sealers, paper coatings, leather finishing, textile finishing, insulating coatings, and printing ink, among other applications. The leather industry is another primary industry enhancing the growth of the PUD market globally. PUDs are utilized for the surface finishing of leather. Their use in synthetic leather production is rising. The rising consumption of leather in manufacturing handbags, seat covers, apparel, footwear, and other products is ultimately growing the demand. Producers in Europe, the Middle East & Africa are surging their focus on manufacturing PUDs for leather and textile applications even as there is increasing competition from Asian and Latin American markets. Factors like these have made Asia-Pacific a vital scope for the global Polyurethane Dispersion market.

The market's key players are Alberdingk Boley, BASF SE, Bayer Material Science, Chemtura Corporation, and The Dow Chemical Company. 

In February 2021, Covestro announced its proposal for a new manufacturing facility for polyurethane dispersion in Shanghai, China.

In January 2020, BASF announced funding for its polyurethane dispersion business in Europe.

The global Polyurethane Dispersion Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Polyurethane Dispersion market by segmenting by Type (Water-based, Solvent-based) and End-User Type (Paints & Coatings, Construction, Automobile, Textile, Footwear, Furniture & Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.