The Polyurethane Coatings Market size is estimated at USD 21.15 billion in 2024, and is expected to reach USD 26.88 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic scenario, several countries around the world went into lockdown. It halted all manufacturing and construction activities, thus creating a negative impact on the demand for polyurethane coatings. However, the condition recovered, thereby restoring the growth of the polyurethane coatings market.
The polyurethane coatings market is consolidated in nature. The major players (not in any particular order) include Akzo Nobel NV, Jotun, Axalta Coating Systems, PPG Industries Inc., and The Sherwin-Williams Company, among others.
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