• April 13, 2024

Global Polyurethane Coating Market Analysis, Share, Size, Growth, Trends, Report and Forecast Period of 2023-2028

 Global Polyurethane Coating Market Analysis, Share, Size, Growth, Trends, Report and Forecast Period of 2023-2028

The new report by Expert Market Research titled, ‘Global Polyurethane Coating Market Analysis, Size, Share, Trends, Growth, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global polyurethane coating market report, assessing the market based on its segments like type, end user, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Polyurethane Coating Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2021): USD 17.4 billion

• Forecast CAGR (2023-2028): 5.48%

• Forecast Market Size (2027): USD 24 billion

Polyurethane coating’s increasing use in the automotive and transportation industries is propelling the market forward. Polyurethane coatings are widely used in the automobile industry as a primer, intermediate coat, and finishing paint. Furthermore, the market’s expansion is being accelerated by growing industrialisation and urbanisation.

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Furthermore, rising sales of commercial and passenger vehicles in emerging economies are expected to boost market growth throughout the forecast period. These factors are expected to drive the market for global polyurethane coating market during the forecast period.

Polyurethane Coating Industry Definition and Major Segments

Polyurethane coating is a polymer that has a chain of organic units and is used to protect the surface of a substrate. Corrosion, weathering, abrasion, and other degrading processes are all prevented by polyurethane coating. Polyurethane coatings also offer excellent tensile strength, modulus, percent elongation, and shore hardness.

By type, the market is divided into:

• Solvent-Borne

• Water-Borne

• High Solids

• PU Powder Coating

• Others

By end user, the market is divided into:

• Automotive and Transportation

• Aerospace

• Wood and Furniture

• Construction

• Textile and Apparels

• Electrical and Electronics

• Others

By region, the market is categorized into:

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East and Africa

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/polyurethane-coating-market

Polyurethane Coating Market Trends

Water-borne polyurethane coatings’ favourable qualities, such as surface hardness, high performance in low-temperature, and user-friendliness, among others, are driving demand in a variety of end-use sectors. In addition, the growing use of water-borne polyurethane coatings on solvent-sensitive substrates is expected to boost market growth throughout the forecast period.

The Asia Pacific polyurethane coating market is driven by rising protective coatings investments and increased construction activity in the region as a result of rapid urbanisation and rising living standards. The industry has been propelled even further by the huge development in indigenous manufacturing in countries such as India and China. Furthermore, the market is expected to benefit from the strong presence of various manufacturers in the region over the forecast period.

Key Market Players

The major players in the market are Akzo Nobel N.V., BASF SE, Sherwin-Williams Company, PPG Industries, Inc., and Axalta Coating Systems, LLC, among Others.

The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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