Global polyurethane coating market was valued at USD 18.00 billion in 2021 and is expected to reach USD 27.62 billion by 2029, registering a CAGR of 5.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
As per the analysis of United Nations (UN), development in the population will create a clear requirement for building and construction all over the globe in sequence to meet infrastructural necessities. Polyurethane coatings appear to be extensively utilized for chemical resistance, abrasion resistance and weathering across exterior and interior coatings. The water based polyurethane coatings is the fastest growing product type due to its properties such as high performance in low temperature, surface hardness, and user-friendliness, among other during the forecast period.
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Market Analysis and Insights
Polyurethane coating is defined as a polymer that includes a chain of organic components. This chain is applied on the surface of a substrate for the purpose of protecting the surface. Polyurethane coating aids a substrate from abrasion, corrosion, weathering and other deteriorating processes. Moreover, polyurethane coatings have a high-tensile strength, shore hardness, modulus and percent elongation.
Polyurethane coatings are high in demand due to their unique properties such as high elongation, UV resistance, abrasion resistance, impact resistance, low odor, low-temperature flexibility, water resistance, mar-resistant, non-flammable, alkali resistant, highly compatible with acrylic emulsions, high tensile strength, chemical resistance, and low VOC's. As a result, the polyurethane coatings are used in several industries such as demand for the automotive transportation, aerospace, wood furniture, construction, industrial, textile, electrical electronics, and other which are expected to drive the market growth rate during the forecast period.
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Performance Polyurethane Coating Market Scope
The polyurethane coating market is segmented on the basis of application method, substrate material, grade, packaging, product type, application and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application Method
- Spray
- Brush
- Roller
Substrate Material
- Concrete
- Metal
- Wood
- Plastic
- Fabric
- Cotton
- Leather
- Nylon
- Others
- Others
Grade
- Technical Grade
- Industrial Grade
Packaging
- Cans
- Plastic Drums
- Others
Product Type
- Water-Based
- Solvent-Based
- Powder-Based
- Others
Application
- Pavement
- Industrial Flooring
- Metal Roofs
- Pipeline Externals
- Automotive Finishes
- Wind Turbines
- Industrial Equipment
- Airport Hanger Floors
- Others
End Use Industry
- Construction
- Residential Construction
- Commercial Construction
- Automotive
- Commercial Vehicle
- Passenger Vehicle
- Electronics
- Circuit Board
- Transformer
- Relays
- Textile
- Fashion Garments
- Leather Items
- Power and Energy
- Ind
- Solar
- Hydro
- Others
Competitive Landscape and Polyurethane Coating Market Share Analysis
The polyurethane coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyurethane coating market.
Some of the major players operating in the Polyurethane Coating market are,
- Akzo Nobel N.V. (Netherlands)
- PPG Industries, Inc. (U.S.)
- The Sherwin-Williams Company (U.S.)
- DOW (U.S.)
- Axalta Coating System (U.S.)
- BASF SE (Germany)
- Jotun (Norway)
- Covestro AG (Germany)
- Huntsman International LLC. (U.S.)
- Mitsubishi Chemical Corporation (Japan)
- Mapei S.p.A (Italy)
- Eastman Chemical Company (U.S.)
- Tosoh Corporation (Japan)
- Asahi Kasei Chemicals Corporation (Japan)
- Mascoat (U.S.)
- Asian Paints (India)
- The Valspar Corporation (U.S.)
- VCM Polyurethanes Pvt. Ltd (India)
- Tuff Coat Polymers Pvt. Ltd (India
- deckencoatings (India)
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