Market Overview:
The global polyurethane spray coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyurethane spray coatings from various end-use industries, such as automotive and transportation, wood and furniture, electrical and electronics, and other applications. Polyurethane spray coatings are available in three types: solvent-based, water-based, and other. Among these types, solvent-based polyurethane spray coatings are expected to dominate the market during the forecast period owing to their superior properties such as high durability and resistance against abrasion. In terms of application, automotive and transportation is expected to be the largest segment due to rising demand for lightweight vehicles with improved fuel efficiency.
Product Definition:
Polyurethane spray coatings are a type of coating that is applied to a surface using a spray gun. They are typically used to protect metal surfaces from corrosion, and to provide a barrier against weathering.
Solvent-Based:
Solvent-based polyurethane (PU) is a type of PU that is based on either of two different types of chemical reactions. One reaction involves the use of solvents as reactants and the other involves the use of polyols or hydroxyl compounds as reactants. The choice between these two methods depends upon factors such as desired viscosity, fluidity, thermal stability and rate Of application among others.
Water-Based:
Water-based polyurethane (PU) coatings are primarily used in the construction industry for producing rigid and durable coatings on metal or plastic surfaces. They offer high resistance to corrosion, chipping, abrasion and chemicals. The product is also suitable for use in indoor applications such as wood finishing due to its low Volatile Organic Compounds (VOC) content.
Application Insights:
Automotive and transportation was the largest application segment in 2017. The product is used for exterior as well as interior applications in vehicles. It is also used to protect painted parts from damage caused by UV rays, moisture, and acid rain. Growing demand for spray-on polyurethane coating from the automotive industry on account of its high durability coupled with easy application will drive the market growth over the forecast period.
The wood and furniture sector accounted for 10% of global volume in 2017 owing to increasing demand for wooden furniture products across various end-use industries including construction, household appliances, marine equipment manufacturing among others.
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 and India. In addition, rising demand for luxury vehicles in these countries will have a positive impact on industry growth over the forecast period.
Europe was the second-largest market for global PU spray coatings after Asia Pacific in 2017 due to strict regulations regarding VOC emissions coupled with growing automotive industry especially in Germany, Italy, France and U.K.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing awareness about the benefits of polyurethane spray coatings among consumers
- Rising R&D investments by leading players to develop innovative products
- Proliferation of online retail platforms that offer a wide range of polyurethane spray coatings products at competitive prices
- Growing number of manufacturing facilities across regions
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurethane Spray Coatings Market Research Report
By Type
Solvent-Based, Water-Based, Other
By Application
Automotive and Transportation, Wood and Furniture, Electrical and Electronics, Other Applications
By Companies
Huntsman Corporation, ArmorThane, BASF, PAR Group, PPG Industries, Highgrade Coatings, Polycoat Products, Sherwin-Williams
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Polyurethane Spray Coatings Market Report Segments:
The global Polyurethane Spray Coatings market is segmented on the basis of:
Types
Solvent-Based, Water-Based, Other
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
Automotive and Transportation, Wood and Furniture, Electrical and Electronics, Other Applications
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:
- Huntsman Corporation
- ArmorThane
- BASF
- PAR Group
- PPG Industries
- Highgrade Coatings
- Polycoat Products
- Sherwin-Williams
Highlights of The Polyurethane Spray Coatings 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-Based
- Water-Based
- Other
- By Application:
- Automotive and Transportation
- Wood and Furniture
- Electrical and Electronics
- Other Applications
- 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 Spray Coatings 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 spray coatings are a type of coating that is applied to metal surfaces to protect them from corrosion and wear. The coating is made up of small, water-based droplets that are sprayed onto the surface. The droplets form a protective film that prevents the metal from corroding or wearing away.
Some of the major companies in the polyurethane spray coatings market are Huntsman Corporation, ArmorThane, BASF, PAR Group, PPG Industries, Highgrade Coatings, Polycoat Products, Sherwin-Williams.
The polyurethane spray coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyurethane Spray Coatings 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 Spray Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyurethane Spray Coatings 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 Spray Coatings 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 Spray Coatings Market Size & Forecast, 2018-2028
4.5.1 Polyurethane Spray Coatings Market Size and Y-o-Y Growth
4.5.2 Polyurethane Spray Coatings Market Absolute $ Opportunity
Chapter 5 Global Polyurethane Spray Coatings 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 Spray Coatings Market Size Forecast by Type
5.2.1 Solvent-Based
5.2.2 Water-Based
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyurethane Spray Coatings 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 Spray Coatings Market Size Forecast by Applications
6.2.1 Automotive and Transportation
6.2.2 Wood and Furniture
6.2.3 Electrical and Electronics
6.2.4 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurethane Spray Coatings 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 Spray Coatings 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 Spray Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Polyurethane Spray Coatings 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 Spray Coatings Market Size Forecast by Type
9.6.1 Solvent-Based
9.6.2 Water-Based
9.6.3 Other
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 Spray Coatings Market Size Forecast by Applications
9.10.1 Automotive and Transportation
9.10.2 Wood and Furniture
9.10.3 Electrical and Electronics
9.10.4 Other Applications
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 Spray Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Polyurethane Spray Coatings 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 Spray Coatings Market Size Forecast by Type
10.6.1 Solvent-Based
10.6.2 Water-Based
10.6.3 Other
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 Spray Coatings Market Size Forecast by Applications
10.10.1 Automotive and Transportation
10.10.2 Wood and Furniture
10.10.3 Electrical and Electronics
10.10.4 Other Applications
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 Spray Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyurethane Spray Coatings 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 Spray Coatings Market Size Forecast by Type
11.6.1 Solvent-Based
11.6.2 Water-Based
11.6.3 Other
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 Spray Coatings Market Size Forecast by Applications
11.10.1 Automotive and Transportation
11.10.2 Wood and Furniture
11.10.3 Electrical and Electronics
11.10.4 Other Applications
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 Spray Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyurethane Spray Coatings 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 Spray Coatings Market Size Forecast by Type
12.6.1 Solvent-Based
12.6.2 Water-Based
12.6.3 Other
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 Spray Coatings Market Size Forecast by Applications
12.10.1 Automotive and Transportation
12.10.2 Wood and Furniture
12.10.3 Electrical and Electronics
12.10.4 Other Applications
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 Spray Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyurethane Spray Coatings 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 Spray Coatings Market Size Forecast by Type
13.6.1 Solvent-Based
13.6.2 Water-Based
13.6.3 Other
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 Spray Coatings Market Size Forecast by Applications
13.10.1 Automotive and Transportation
13.10.2 Wood and Furniture
13.10.3 Electrical and Electronics
13.10.4 Other Applications
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 Spray Coatings Market: Competitive Dashboard
14.2 Global Polyurethane Spray Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Huntsman Corporation
14.3.2 ArmorThane
14.3.3 BASF
14.3.4 PAR Group
14.3.5 PPG Industries
14.3.6 Highgrade Coatings
14.3.7 Polycoat Products
14.3.8 Sherwin-Williams
