Press release
Polyurethane Coatings Market Size Share Global Industry Trend and Forecast to 2023
Akzo Nobel N.V.(Europe),
Valspar Corporation (US),
Sherwin Williams Company (US),
PPG Industries Inc. (US),
Axalta Coating Systems LLC (US),
Asian Paints Limited (India),
BASF SE (Europe),
Covestro AG (Europe),
Jotun A/S (Europe),
Evonik Industries (Europe).
This Polyurethane Coatings Market Research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
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Polyurethane Coatings Market Overview:
The Global polyurethane coatings market is expected to witness a significant growth in terms of consumption of USD 3781.2 KT by 2023 with CAGR of 7.3% between 2016 and 2023.
Polyurethane coatings is a flexible, tough, modified type of coating, specifically designed for the protection of electronic circuitry. Polyurethane coatings has excellent mechanical and dielectric properties, it has high abrasion resistance which is useful for in robust coating.
The main driver for the global polyurethane coatings market is because of huge demand in automotive industry. Polyurethane coatings are majorly consumed in automotive and transportation industry particularly, ships and automobile. While, strict environmental regulations and unstable prices of raw materials can cause a major restraint for the polyurethane coatings market in next few years.
Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of polyurethane coatings market. Detailed analysis is explained and given importance to with best working models.
Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of polyurethane coatings market during the forecast period of 2016 to 2023 is well explained.
The ongoing market trends of polyurethane coatings market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.
Polyurethane Coatings Regional Analysis:
Asia Pacific is the largest market of polyurethane coatings due to demand in various end user industry such as automotive and aerospace industry in China region followed by Japan. Increasing demand for automotive and in the India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global polyurethane coatings market followed by increasing in the consumption of polyurethane coatings market in North America region. The third largest market of polyurethane coatings is Europe. Latin America and Middle East also witnessed in growth of polyurethane coatings market due to various application such as automotive, aerospace industry, household industry, construction, electronics industry and others.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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