Polyurethane Coating Market is expected to reach USD 27.62 billion by 2029 with a CAGR 5.50%| Top Companies: Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.)

Market Definition

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.

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

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)

Read the Full Report Description with Table of Content and Figure @ https://www.databridgemarketresearch.com/reports/global-polyurethane-coating-market

Opportunities

Rising application of polyurethane coating in the automotive and transportation industry

The increasing application of polyurethane coating in transportation and the automotive industry is expected to generate lucrative opportunities for market growth. Polyurethane coatings are extensively used as an intermediate coat, automobile primer and finishing paint in the automotive industry. Furthermore, the rapid urbanization and industrialization is further enhancing the growth of the polyurethane coating market. Moreover, the growing sales of passenger and commercial cars in emerging economies are expected to create ample and new opportunity for the growth of polyurethane coating during the forecast period.

Moreover, the increasing demand of water borne polyurethane coating along with growing technological advancement will further bring various opportunities for the polyurethane coating market growth in the above mentioned forecast period.

Global Polyurethane Coating Market Scope

.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
Polyurethane Coating Market Regional Analysis/Insights

The polyurethane coating market is analyzed and market size insights and trends are provided by country, application method, substrate material, grade (), packaging, product type, application and end use industry as referenced above.

The countries covered in the polyurethane coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the polyurethane coating market in terms of market share and revenue. The market growth over this region is attributed to the increasing applications from numerous industries such as automotive, aerospace, construction, and others within the region.

Middle East and Africa is estimated to show lucrative growth during the forecast period of 2022-2029, due to the development of the construction industry in the region.

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