The global polyurethane coating market is estimated to be valued at USD 21.34 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. Polyurethane coatings are extensively used in various industries due to their versatility and ability to provide protection against wear, UV radiation, and corrosion. They are made from reacting polyols and diisocyanates along with additives to achieve the desired properties. Some key advantages of polyurethane coatings include excellent adhesion, flexibility, and good chemical and abrasion resistance. Rising construction activities along with growing automotive production are fueling the demand for polyurethane coatings globally.
Market Dynamics:
The global polyurethane coating market is driven by increasing construction activities along with growing automotive production worldwide. Rapid urbanization in developing countries is significantly boosting infrastructure development, which, in turn, is propelling the adoption of polyurethane coatings in applications such as flooring, wood coatings, and roof coatings. Additionally, rising sales of automobiles where polyurethane coatings are used to coat car interiors, exteriors, and various auto components is fueling the market growth. On the other hand, emergence of bio-based polyurethane coatings owing to sustainability concerns are expected to provide lucrative opportunities in the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the global polyurethane coating market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global polyurethane coating market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, DOW, Axalta Coating Systems, BASF SE, Jotun, RPM International Inc., Asian Paints, Covestro AG, Huntsman International LLC, Nippon Paint Holdings Co., Ltd., Mitsubishi Chemical Corporation, Masco Corporation, Kansai Paint Co., Ltd., Beckers Group, Hempel A/S, Sika AG, RTP Company, and Lubrizol Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global polyurethane coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polyurethane coating market
Detailed Segmentation-
- Type Insights (Revenue, USD Bn, 2019 - 2031)
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- Solvent-Based Polyurethane Coatings
- Water-Based Polyurethane Coatings
- UV-Cured Polyurethane Coatings
- Application Insights (Revenue, USD Bn, 2019 - 2031)
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- Architectural Coatings
- Automotive Coatings
- Industrial Coatings
- Wood & Furniture Coatings
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
-
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Akzo Nobel N.V.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- DOW
- Axalta Coating Systems
- BASF SE
- Jotun
- RPM International Inc.
- Asian Paints
- Covestro AG
- Huntsman International LLC
- Nippon Paint Holdings Co., Ltd.
- Mitsubishi Chemical Corporation
- Masco Corporation
- Kansai Paint Co., Ltd.
- Beckers Group
- Hempel A/S
- Sika AG
- RTP Company
- Lubrizol Corporation
