Market Overview:
The global polyurethane coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyurethane coatings from various end-use industries, such as wood & furniture, industrial, construction, textile & apparel, electrical & electronics and others. Polyurethane coatings are available in different types such as solvent-borne, water-borne and high solids PU powder coating. Among these types, water-borne PU powder coatings are expected to witness highest growth during the forecast period owing to their properties such as environmental friendliness and superior finish.
Product Definition:
Polyurethane coating is a synthetic resin that is applied as a liquid and dries to form a tough, durable finish. It is widely used in industrial applications because of its resistance to abrasion, corrosion, and chemical attack.
Solvent-borne:
Solvent-borne is a coating technology that utilizes solvent as the key ingredient in its formulation. The solvent acts as a carrier for the paint to reach every part of the surface thus creating an even and smooth appearance. This type of coating is usually used on non-absorbent surfaces such as textiles, paper, wood, plastic & metal furniture among others.
Water-borne:
Water-borne is the type of paint or coating which is applied through a spray can. It has a high content of water as its base material, hence it is also known as water-based paints and coatings. Water-borne coatings are usually used for interior decorative purposes in houses; they have low Volatile Organic Compounds (VOC) content and less hazardous to human health compared to solvent-based paints.
Application Insights:
Wood & furniture was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Polyurethane coatings are used for manufacturing wood furniture owing to their properties such as durability, stain resistance, and easy maintenance. These coatings can also enhance the natural look of wooden surfaces by hiding minor scratches or dents.
The growing preference for PU coating on kitchen cabinets due to its anti-scratch and anti-fingerprint properties is expected to drive product demand in this application segment over the forecast period. In addition, rising demand for luxury furniture with high quality standards across developing countries is likely to propel market growth during this period.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging economies such as China, India, Indonesia, Vietnam and Thailand. Furthermore, rising disposable income coupled with an increase in consumer awareness regarding the benefits of polyurethane coatings is anticipated to drive demand over the forecast period.
The Asia Pacific was followed by Europe which accounted for 26% of total revenue share in 2017 on account of high product penetration especially in Germany and France on account of stringent regulations for environmental protection coupled with growing automotive industry particularly luxury car manufacturers including AUDI AG; BMW AG; Mercedes-Benz AG Daimler-Chrysler LLC.; Porsche Automobilius Habsburg Austria BV; Ferrari SPA FIRMA S.p.A.; Volkswagen Group A GmbH & Co KG; Ford Motor Company Ltd.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing awareness about the benefits of polyurethane coatings over traditional coatings
- Rising demand for low VOC (Volatile Organic Compound) and water-based polyurethane coatings
- Technological advancements in the production of polyurethane coatings
- Growing popularity of hybrid coating systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurethane Coating Market Research Report
By Type
Solvent-borne, Water-borne, High Solids, PU Powder Coating
By Application
Wood & Furniture, Industrial, Construction, Textile & Apparels, Electrical & Electronics, Others
By Companies
Akzo Nobel, PPG Industries, Sherwin Williams, Rpm International, Axalta Coating, Asian Paints, BASF, Bayer Materialscience, Jotun, Valspar, Akzo Nobel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Polyurethane Coating Market Report Segments:
The global Polyurethane Coating market is segmented on the basis of:
Types
Solvent-borne, Water-borne, High Solids, PU Powder Coating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wood & Furniture, Industrial, Construction, Textile & Apparels, Electrical & Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzo Nobel
- PPG Industries
- Sherwin Williams
- Rpm International
- Axalta Coating
- Asian Paints
- BASF
- Bayer Materialscience
- Jotun
- Valspar
- Akzo Nobel
Highlights of The Polyurethane Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent-borne
- Water-borne
- High Solids
- PU Powder Coating
- By Application:
- Wood & Furniture
- Industrial
- Construction
- Textile & Apparels
- Electrical & Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyurethane Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyurethane coating is a type of paint that is made up of multiple layers. The first layer coats the surface and protects it from the elements. The next layer creates a smooth finish. Then, additional layers are added to create a durable finish.
Some of the major companies in the polyurethane coating market are Akzo Nobel, PPG Industries, Sherwin Williams, Rpm International, Axalta Coating, Asian Paints, BASF, Bayer Materialscience, Jotun, Valspar, Akzo Nobel.
The polyurethane coating market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyurethane Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polyurethane Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyurethane Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polyurethane Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polyurethane Coating Market Size & Forecast, 2018-2028
4.5.1 Polyurethane Coating Market Size and Y-o-Y Growth
4.5.2 Polyurethane Coating Market Absolute $ Opportunity
Chapter 5 Global Polyurethane Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Polyurethane Coating Market Size Forecast by Type
5.2.1 Solvent-borne
5.2.2 Water-borne
5.2.3 High Solids
5.2.4 PU Powder Coating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyurethane Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Polyurethane Coating Market Size Forecast by Applications
6.2.1 Wood & Furniture
6.2.2 Industrial
6.2.3 Construction
6.2.4 Textile & Apparels
6.2.5 Electrical & Electronics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurethane Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyurethane Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Polyurethane Coating Analysis and Forecast
9.1 Introduction
9.2 North America Polyurethane Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Polyurethane Coating Market Size Forecast by Type
9.6.1 Solvent-borne
9.6.2 Water-borne
9.6.3 High Solids
9.6.4 PU Powder Coating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Polyurethane Coating Market Size Forecast by Applications
9.10.1 Wood & Furniture
9.10.2 Industrial
9.10.3 Construction
9.10.4 Textile & Apparels
9.10.5 Electrical & Electronics
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Polyurethane Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Polyurethane Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Polyurethane Coating Market Size Forecast by Type
10.6.1 Solvent-borne
10.6.2 Water-borne
10.6.3 High Solids
10.6.4 PU Powder Coating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Polyurethane Coating Market Size Forecast by Applications
10.10.1 Wood & Furniture
10.10.2 Industrial
10.10.3 Construction
10.10.4 Textile & Apparels
10.10.5 Electrical & Electronics
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Polyurethane Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyurethane Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Polyurethane Coating Market Size Forecast by Type
11.6.1 Solvent-borne
11.6.2 Water-borne
11.6.3 High Solids
11.6.4 PU Powder Coating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Polyurethane Coating Market Size Forecast by Applications
11.10.1 Wood & Furniture
11.10.2 Industrial
11.10.3 Construction
11.10.4 Textile & Apparels
11.10.5 Electrical & Electronics
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Polyurethane Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyurethane Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Polyurethane Coating Market Size Forecast by Type
12.6.1 Solvent-borne
12.6.2 Water-borne
12.6.3 High Solids
12.6.4 PU Powder Coating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Polyurethane Coating Market Size Forecast by Applications
12.10.1 Wood & Furniture
12.10.2 Industrial
12.10.3 Construction
12.10.4 Textile & Apparels
12.10.5 Electrical & Electronics
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Polyurethane Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyurethane Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Polyurethane Coating Market Size Forecast by Type
13.6.1 Solvent-borne
13.6.2 Water-borne
13.6.3 High Solids
13.6.4 PU Powder Coating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Polyurethane Coating Market Size Forecast by Applications
13.10.1 Wood & Furniture
13.10.2 Industrial
13.10.3 Construction
13.10.4 Textile & Apparels
13.10.5 Electrical & Electronics
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyurethane Coating Market: Competitive Dashboard
14.2 Global Polyurethane Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzo Nobel
14.3.2 PPG Industries
14.3.3 Sherwin Williams
14.3.4 Rpm International
14.3.5 Axalta Coating
14.3.6 Asian Paints
14.3.7 BASF
14.3.8 Bayer Materialscience
14.3.9 Jotun
14.3.10 Valspar
14.3.11 Akzo Nobel
