Global Polyurethane Coatings Market 2023-2027
Technavio has been monitoring the polyurethane coatings market and is forecast to grow by $9719.29 mn during 2022-2027, accelerating at a CAGR of 6.2% during the forecast period. Our report on the polyurethane coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from the transportation industry, increasing application of polyurethane coatings on wooden products, and expansion of the building and construction industry.
Technavio's polyurethane coatings market is segmented as below:
By End-user
- Wood and furniture
- Automotive and transportation
- Electrical and electronics
- Others
By Type
- Solvent-borne
- Water-borne
- Others
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing demand for waterborne polyurethane coatings as one of the prime reasons driving the polyurethane coatings market growth during the next few years. Also, rising demand for 1K PU coating system and growing demand from APAC will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the polyurethane coatings market covers the following areas:
- Polyurethane coatings market sizing
- Polyurethane coatings market forecast
- Polyurethane coatings market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polyurethane coatings market vendors that include Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Covestro AG, Crown Polymers Corp., Dow Inc., Endura Manufacturing Co. Ltd., Evonik Industries AG, Huntsman Corp., IVM Chemicals Srl, Jotun AS, Lanxess AG, Mitsubishi Chemical Corp., PPG Industries Inc., RPM International Inc., The Sherwin Williams Co., Tuff Coat Polymers Pvt. Ltd., VCM Polyurethanes Pvt. Ltd., and Warren Paint and Color Co. Also, the polyurethane coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.