1 Supply Summary

• 1.1 Water-based PUD Introduction
• 1.2 World Water-based PUD Supply & Forecast
  • 1.2.1 World Water-based PUD Production Value (2021 & 2025 & 2032)
  • 1.2.2 World Water-based PUD Production (2021-2032)
  • 1.2.3 World Water-based PUD Pricing Trends (2021-2032)
• 1.3 World Water-based PUD Production by Region (Based on Production Site)
  • 1.3.1 World Water-based PUD Production Value by Region (2021-2032)
  • 1.3.2 World Water-based PUD Production by Region (2021-2032)
  • 1.3.3 World Water-based PUD Average Price by Region (2021-2032)
  • 1.3.4 North America Water-based PUD Production (2021-2032)
  • 1.3.5 Europe Water-based PUD Production (2021-2032)
  • 1.3.6 China Water-based PUD Production (2021-2032)
  • 1.3.7 Japan Water-based PUD Production (2021-2032)
• 1.4 Market Drivers, Restraints and Trends
  • 1.4.1 Water-based PUD Market Drivers
  • 1.4.2 Factors Affecting Demand
  • 1.4.3 Water-based PUD Major Market Trends

2 Demand Summary

• 2.1 World Water-based PUD Demand (2021-2032)
• 2.2 World Water-based PUD Consumption by Region
  • 2.2.1 World Water-based PUD Consumption by Region (2021-2026)
  • 2.2.2 World Water-based PUD Consumption Forecast by Region (2027-2032)
• 2.3 United States Water-based PUD Consumption (2021-2032)
• 2.4 China Water-based PUD Consumption (2021-2032)
• 2.5 Europe Water-based PUD Consumption (2021-2032)
• 2.6 Japan Water-based PUD Consumption (2021-2032)
• 2.7 South Korea Water-based PUD Consumption (2021-2032)
• 2.8 ASEAN Water-based PUD Consumption (2021-2032)
• 2.9 India Water-based PUD Consumption (2021-2032)

3 World Manufacturers Competitive Analysis

• 3.1 World Water-based PUD Production Value by Manufacturer (2021-2026)
• 3.2 World Water-based PUD Production by Manufacturer (2021-2026)
• 3.3 World Water-based PUD Average Price by Manufacturer (2021-2026)
• 3.4 Water-based PUD Company Evaluation Quadrant
• 3.5 Industry Rank and Concentration Rate (CR)
  • 3.5.1 Global Water-based PUD Industry Rank of Major Manufacturers
  • 3.5.2 Global Concentration Ratios (CR4) for Water-based PUD in 2025
  • 3.5.3 Global Concentration Ratios (CR8) for Water-based PUD in 2025
• 3.6 Water-based PUD Market: Overall Company Footprint Analysis
  • 3.6.1 Water-based PUD Market: Region Footprint
  • 3.6.2 Water-based PUD Market: Company Product Type Footprint
  • 3.6.3 Water-based PUD Market: Company Product Application Footprint
• 3.7 Competitive Environment
  • 3.7.1 Historical Structure of the Industry
  • 3.7.2 Barriers of Market Entry
  • 3.7.3 Factors of Competition
• 3.8 New Entrant and Capacity Expansion Plans
• 3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World

• 4.1 United States VS China: Water-based PUD Production Value Comparison
  • 4.1.1 United States VS China: Water-based PUD Production Value Comparison (2021 & 2025 & 2032)
  • 4.1.2 United States VS China: Water-based PUD Production Value Market Share Comparison (2021 & 2025 & 2032)
• 4.2 United States VS China: Water-based PUD Production Comparison
  • 4.2.1 United States VS China: Water-based PUD Production Comparison (2021 & 2025 & 2032)
  • 4.2.2 United States VS China: Water-based PUD Production Market Share Comparison (2021 & 2025 & 2032)
• 4.3 United States VS China: Water-based PUD Consumption Comparison
  • 4.3.1 United States VS China: Water-based PUD Consumption Comparison (2021 & 2025 & 2032)
  • 4.3.2 United States VS China: Water-based PUD Consumption Market Share Comparison (2021 & 2025 & 2032)
• 4.4 United States Based Water-based PUD Manufacturers and Market Share, 2021-2026
  • 4.4.1 United States Based Water-based PUD Manufacturers, Headquarters and Production Site (States, Country)
  • 4.4.2 United States Based Manufacturers Water-based PUD Production Value (2021-2026)
  • 4.4.3 United States Based Manufacturers Water-based PUD Production (2021-2026)
• 4.5 China Based Water-based PUD Manufacturers and Market Share
  • 4.5.1 China Based Water-based PUD Manufacturers, Headquarters and Production Site (Province, Country)
  • 4.5.2 China Based Manufacturers Water-based PUD Production Value (2021-2026)
  • 4.5.3 China Based Manufacturers Water-based PUD Production (2021-2026)
• 4.6 Rest of World Based Water-based PUD Manufacturers and Market Share, 2021-2026
  • 4.6.1 Rest of World Based Water-based PUD Manufacturers, Headquarters and Production Site (State, Country)
  • 4.6.2 Rest of World Based Manufacturers Water-based PUD Production Value (2021-2026)
  • 4.6.3 Rest of World Based Manufacturers Water-based PUD Production (2021-2026)

5 Market Analysis by Type

• 5.1 World Water-based PUD Market Size Overview by Type: 2021 VS 2025 VS 2032
• 5.2 Segment Introduction by Type
  • 5.2.1 Polyester Type
  • 5.2.2 Polyether Type
  • 5.2.3 Polycarbonate Type
• 5.3 Market Segment by Type
  • 5.3.1 World Water-based PUD Production by Type (2021-2032)
  • 5.3.2 World Water-based PUD Production Value by Type (2021-2032)
  • 5.3.3 World Water-based PUD Average Price by Type (2021-2032)

6 Market Analysis by Application

• 6.1 World Water-based PUD Market Size Overview by Application: 2021 VS 2025 VS 2032
• 6.2 Segment Introduction by Application
  • 6.2.1 Leather
  • 6.2.2 3C
  • 6.2.3 Ink
  • 6.2.4 Automobile (repair)
  • 6.2.5 Wood Coating
  • 6.2.6 Adhesive
  • 6.2.7 Other
• 6.3 Market Segment by Application
  • 6.3.1 World Water-based PUD Production by Application (2021-2032)
  • 6.3.2 World Water-based PUD Production Value by Application (2021-2032)
  • 6.3.3 World Water-based PUD Average Price by Application (2021-2032)

7 Company Profiles

• 7.1 Covestro
  • 7.1.1 Covestro Details
  • 7.1.2 Covestro Major Business
  • 7.1.3 Covestro Water-based PUD Product and Services
  • 7.1.4 Covestro Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.1.5 Covestro Recent Developments/Updates
  • 7.1.6 Covestro Competitive Strengths & Weaknesses
• 7.2 BASF
  • 7.2.1 BASF Details
  • 7.2.2 BASF Major Business
  • 7.2.3 BASF Water-based PUD Product and Services
  • 7.2.4 BASF Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.2.5 BASF Recent Developments/Updates
  • 7.2.6 BASF Competitive Strengths & Weaknesses
• 7.3 Dow
  • 7.3.1 Dow Details
  • 7.3.2 Dow Major Business
  • 7.3.3 Dow Water-based PUD Product and Services
  • 7.3.4 Dow Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.3.5 Dow Recent Developments/Updates
  • 7.3.6 Dow Competitive Strengths & Weaknesses
• 7.4 DIC
  • 7.4.1 DIC Details
  • 7.4.2 DIC Major Business
  • 7.4.3 DIC Water-based PUD Product and Services
  • 7.4.4 DIC Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.4.5 DIC Recent Developments/Updates
  • 7.4.6 DIC Competitive Strengths & Weaknesses
• 7.5 Hauthaway Corporation
  • 7.5.1 Hauthaway Corporation Details
  • 7.5.2 Hauthaway Corporation Major Business
  • 7.5.3 Hauthaway Corporation Water-based PUD Product and Services
  • 7.5.4 Hauthaway Corporation Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.5.5 Hauthaway Corporation Recent Developments/Updates
  • 7.5.6 Hauthaway Corporation Competitive Strengths & Weaknesses
• 7.6 Alberdingk Boley
  • 7.6.1 Alberdingk Boley Details
  • 7.6.2 Alberdingk Boley Major Business
  • 7.6.3 Alberdingk Boley Water-based PUD Product and Services
  • 7.6.4 Alberdingk Boley Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.6.5 Alberdingk Boley Recent Developments/Updates
  • 7.6.6 Alberdingk Boley Competitive Strengths & Weaknesses
• 7.7 Stahl
  • 7.7.1 Stahl Details
  • 7.7.2 Stahl Major Business
  • 7.7.3 Stahl Water-based PUD Product and Services
  • 7.7.4 Stahl Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.7.5 Stahl Recent Developments/Updates
  • 7.7.6 Stahl Competitive Strengths & Weaknesses
• 7.8 Mitsui Chemicals
  • 7.8.1 Mitsui Chemicals Details
  • 7.8.2 Mitsui Chemicals Major Business
  • 7.8.3 Mitsui Chemicals Water-based PUD Product and Services
  • 7.8.4 Mitsui Chemicals Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.8.5 Mitsui Chemicals Recent Developments/Updates
  • 7.8.6 Mitsui Chemicals Competitive Strengths & Weaknesses
• 7.9 UBE Corporation
  • 7.9.1 UBE Corporation Details
  • 7.9.2 UBE Corporation Major Business
  • 7.9.3 UBE Corporation Water-based PUD Product and Services
  • 7.9.4 UBE Corporation Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.9.5 UBE Corporation Recent Developments/Updates
  • 7.9.6 UBE Corporation Competitive Strengths & Weaknesses
• 7.10 Lubrizol
  • 7.10.1 Lubrizol Details
  • 7.10.2 Lubrizol Major Business
  • 7.10.3 Lubrizol Water-based PUD Product and Services
  • 7.10.4 Lubrizol Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.10.5 Lubrizol Recent Developments/Updates
  • 7.10.6 Lubrizol Competitive Strengths & Weaknesses
• 7.11 Siwo
  • 7.11.1 Siwo Details
  • 7.11.2 Siwo Major Business
  • 7.11.3 Siwo Water-based PUD Product and Services
  • 7.11.4 Siwo Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.11.5 Siwo Recent Developments/Updates
  • 7.11.6 Siwo Competitive Strengths & Weaknesses
• 7.12 Wanhua
  • 7.12.1 Wanhua Details
  • 7.12.2 Wanhua Major Business
  • 7.12.3 Wanhua Water-based PUD Product and Services
  • 7.12.4 Wanhua Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.12.5 Wanhua Recent Developments/Updates
  • 7.12.6 Wanhua Competitive Strengths & Weaknesses
• 7.13 Lanxess (Sold to UBE in 2025)
  • 7.13.1 Lanxess (Sold to UBE in 2025) Details
  • 7.13.2 Lanxess (Sold to UBE in 2025) Major Business
  • 7.13.3 Lanxess (Sold to UBE in 2025) Water-based PUD Product and Services
  • 7.13.4 Lanxess (Sold to UBE in 2025) Water-based PUD Production, Price, Value, Gross Margin and Market Share (2021-2026)
  • 7.13.5 Lanxess (Sold to UBE in 2025) Recent Developments/Updates
  • 7.13.6 Lanxess (Sold to UBE in 2025) Competitive Strengths & Weaknesses

8 Industry Chain Analysis

• 8.1 Water-based PUD Industry Chain
• 8.2 Water-based PUD Upstream Analysis
  • 8.2.1 Water-based PUD Core Raw Materials
  • 8.2.2 Main Manufacturers of Water-based PUD Core Raw Materials
• 8.3 Midstream Analysis
• 8.4 Downstream Analysis
• 8.5 Water-based PUD Production Mode
• 8.6 Water-based PUD Procurement Model
• 8.7 Water-based PUD Industry Sales Model and Sales Channels
  • 8.7.1 Water-based PUD Sales Model
  • 8.7.2 Water-based PUD Typical Distributors

9 Research Findings and Conclusion

10 Appendix

• 10.1 Methodology
• 10.2 Research Process and Data Source

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?