Market Overview:
The global polyurethane topcoat 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 topcoats from various end-use industries, such as architecture, automotive, marine, furniture, and machinery. In terms of type, the water-based polyurethane topcoat segment is projected to grow at a higher CAGR than the solvent-based polyurethane topcoat segment during the forecast period. This growth can be attributed to environmental concerns over volatile organic compounds (VOCs) emissions from solvent-based coatings and their health hazards.
Product Definition:
A polyurethane topcoat is a type of paint that is used to protect and seal surfaces. It is important because it can help to prevent damage and corrosion, and it can also help to improve the appearance of a surface.
Water-based Polyurethane Topcoat:
Water-based polyurethane topcoat is a type of paint which is applied over the original coat to make it look glossy and wet. Water-based polyurethane topcoats are used in various applications such as furniture, automotive, construction and transportation. The growth factor for water based PU Topcoat market is increasing demand from end-user industries including construction & transport, furniture & interiors coupled with growing environmental regulations related to VOC emissions into the atmosphere.
Solvent-based Polyurethane Topcoat:
Solvent-based polyurethane topcoat is a clear, solvent-free coating that is applied to the finished surface of furniture or architectural wood products. It provides protection against stains, scratches and dents. The product also offers high resistance to water and oil based cleaners.
The global solvent-based polyurethane topcoat market size was valued at USD 548 million in 2016.
Application Insights:
The architecture application segment led the global market and accounted for more than 30.0% share of the total revenue in 2017. The growing construction industry, especially in emerging countries such as India and China, is expected to drive demand over the forecast period.
Polyurethane coatings are used for architectural applications on account of their properties such as high resistance to water & moisture; durability; flexibility & toughness; easy cleanability & maintenance; anti-corrosion protection against chemicals like acids and alkalis etc.; cost-effectiveness etc., which makes it an ideal coating material for numerous architectural projects including exteriors/interiors of residential/commercial buildings, furniture items (chairs/sofas), industrial equipment (machinery) 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 urbanization in emerging economies, such as China and India. The region has witnessed an increasing demand for automobiles over the past few years, which will have a positive impact on industry growth. Furthermore, rising disposable income levels coupled with growing consumer awareness regarding high performance polyurethane coatings are expected to drive product demand further.
Europe was the second-largest market for global polyurethane topcoat in 2016 and is anticipated to witness moderate growth over the forecast period owing to stringent environmental regulations by various regulatory bodies such as ECHA, EPA etc., which has led manufacturers focus on developing sustainable products that meet or exceed environmental standards while also reducing carbon footprint associated with manufacturing processes.
Growth Factors:
- Increasing demand from the automotive industry for coatings that provide superior protection against scratches, chips, and other forms of damage
- Growing popularity of polyurethane topcoats in the construction industry as a way to improve the appearance and durability of finished surfaces
- Rising demand from consumers for products that are both environmentally friendly and low in VOCs (volatile organic compounds)
- Advances in coating technology that have led to formulations with improved performance characteristics, such as better scratch resistance and chemical resistance
- The increasing use of polyurethane topcoats in industrial applications where high levels of toughness and abrasion resistance are required
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurethane Topcoat Market Research Report
By Type
Water-based Polyurethane Topcoat, Solvent-based Polyurethane Topcoat
By Application
Architecture, Automobile, Marine, Furniture, Machinery, Other
By Companies
AkzoNobel, Nippon Paint, PPG Industries, Kansai, Sherwin-Williams, BASF, Axalta, Diamond Paints, SACAL, Carpoly, Henkel, RPM, KCC, Sika, 3M, DAW, Jotun, Hempel, Chugoku Marine Paint, Huarun
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Polyurethane Topcoat Market Report Segments:
The global Polyurethane Topcoat market is segmented on the basis of:
Types
Water-based Polyurethane Topcoat, Solvent-based Polyurethane Topcoat
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
Architecture, Automobile, Marine, Furniture, Machinery, Other
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:
- AkzoNobel
- Nippon Paint
- PPG Industries
- Kansai
- Sherwin-Williams
- BASF
- Axalta
- Diamond Paints
- SACAL
- Carpoly
- Henkel
- RPM
- KCC
- Sika
- 3M
- DAW
- Jotun
- Hempel
- Chugoku Marine Paint
- Huarun
Highlights of The Polyurethane Topcoat 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:
- Water-based Polyurethane Topcoat
- Solvent-based Polyurethane Topcoat
- By Application:
- Architecture
- Automobile
- Marine
- Furniture
- Machinery
- Other
- 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 Topcoat 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
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- Understanding Competition Scenario
- Product & Brand Management
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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 topcoat is a type of paint that is applied over a surface to protect it from the elements. It is made up of multiple layers that are sprayed on top of one another to create a durable finish. Polyurethane topcoat can be used on wood, metal, and other surfaces to protect them from weathering and scratches.
Some of the major players in the polyurethane topcoat market are AkzoNobel, Nippon Paint, PPG Industries, Kansai, Sherwin-Williams, BASF, Axalta, Diamond Paints, SACAL, Carpoly, Henkel, RPM, KCC, Sika, 3M, DAW, Jotun, Hempel, Chugoku Marine Paint, Huarun.
The polyurethane topcoat 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 Topcoat 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 Topcoat Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyurethane Topcoat 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 Topcoat 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 Topcoat Market Size & Forecast, 2018-2028
4.5.1 Polyurethane Topcoat Market Size and Y-o-Y Growth
4.5.2 Polyurethane Topcoat Market Absolute $ Opportunity
Chapter 5 Global Polyurethane Topcoat 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 Topcoat Market Size Forecast by Type
5.2.1 Water-based Polyurethane Topcoat
5.2.2 Solvent-based Polyurethane Topcoat
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyurethane Topcoat 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 Topcoat Market Size Forecast by Applications
6.2.1 Architecture
6.2.2 Automobile
6.2.3 Marine
6.2.4 Furniture
6.2.5 Machinery
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurethane Topcoat 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 Topcoat 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 Topcoat Analysis and Forecast
9.1 Introduction
9.2 North America Polyurethane Topcoat 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 Topcoat Market Size Forecast by Type
9.6.1 Water-based Polyurethane Topcoat
9.6.2 Solvent-based Polyurethane Topcoat
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 Topcoat Market Size Forecast by Applications
9.10.1 Architecture
9.10.2 Automobile
9.10.3 Marine
9.10.4 Furniture
9.10.5 Machinery
9.10.6 Other
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 Topcoat Analysis and Forecast
10.1 Introduction
10.2 Europe Polyurethane Topcoat 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 Topcoat Market Size Forecast by Type
10.6.1 Water-based Polyurethane Topcoat
10.6.2 Solvent-based Polyurethane Topcoat
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 Topcoat Market Size Forecast by Applications
10.10.1 Architecture
10.10.2 Automobile
10.10.3 Marine
10.10.4 Furniture
10.10.5 Machinery
10.10.6 Other
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 Topcoat Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyurethane Topcoat 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 Topcoat Market Size Forecast by Type
11.6.1 Water-based Polyurethane Topcoat
11.6.2 Solvent-based Polyurethane Topcoat
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 Topcoat Market Size Forecast by Applications
11.10.1 Architecture
11.10.2 Automobile
11.10.3 Marine
11.10.4 Furniture
11.10.5 Machinery
11.10.6 Other
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 Topcoat Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyurethane Topcoat 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 Topcoat Market Size Forecast by Type
12.6.1 Water-based Polyurethane Topcoat
12.6.2 Solvent-based Polyurethane Topcoat
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 Topcoat Market Size Forecast by Applications
12.10.1 Architecture
12.10.2 Automobile
12.10.3 Marine
12.10.4 Furniture
12.10.5 Machinery
12.10.6 Other
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 Topcoat Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyurethane Topcoat 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 Topcoat Market Size Forecast by Type
13.6.1 Water-based Polyurethane Topcoat
13.6.2 Solvent-based Polyurethane Topcoat
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 Topcoat Market Size Forecast by Applications
13.10.1 Architecture
13.10.2 Automobile
13.10.3 Marine
13.10.4 Furniture
13.10.5 Machinery
13.10.6 Other
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 Topcoat Market: Competitive Dashboard
14.2 Global Polyurethane Topcoat Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 Nippon Paint
14.3.3 PPG Industries
14.3.4 Kansai
14.3.5 Sherwin-Williams
14.3.6 BASF
14.3.7 Axalta
14.3.8 Diamond Paints
14.3.9 SACAL
14.3.10 Carpoly
14.3.11 Henkel
14.3.12 RPM
14.3.13 KCC
14.3.14 Sika
14.3.15 3M
14.3.16 DAW
14.3.17 Jotun
14.3.18 Hempel
14.3.19 Chugoku Marine Paint
14.3.20 Huarun
