About Polyurethane Coatings
A polyurethane coating is a polyurethane layer applied to the surface of a substrate for the purpose of protecting it or adding another element. These coatings help protect substrates from various types of defects such as corrosion, weathering, abrasion, and other deteriorating processes. Polyurethane coating are flexible, modified type of coating specially designed for the protection of electronic circuit. The properties of Polyurethane coating could be familiar to the polyp used during production process and crosslinker production which includes high performance coating with excellence abrasion and corrosion resistance, low temperatures, high durability, high flexibility, good weathering feature and high optical properties. Factors such as increase in production of automotive, growing construction activities, high sales of textile items and increase in oil production are driving polyurethane coating can grow the market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.4% |
Market participants are continuously advancing the technology to satisfy the escalating industrial demand for metal Polyurethane coating applications in sectors like automotive, construction, and electronics. Some significant market players are participating in mergers and acquisitions, and new entrants to the industry are doing the same, in order to broaden their worldwide reach and better position themselves to take advantage of the growing market potential. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Polyurethane Coatings market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Akzo Nobel N.V. (Netherland), Huntsman Corporation (United States), BASF SE (Germany), Nippon Paint Holdings Co., Ltd. (Japan), RPM International Inc (United States), Covestro AG (Germany), Wacker Chemie AG (Germany), Asahi Kasei Corporation (Japan), The Dow Chemical Company (United States) and HMG Coatings (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are The Sherwin-Williams Company (Germany), Jotun AS (Norway), Hempel A/S (Denmark), Allnex Belgium SA (Belgium) and Evonik Industries AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Polyurethane Coatings market by Type (Water borne, Solvent Borne, High Solids, Powder coating and Others), Application (Spray, Roller and Brush) and Region.
On the basis of geography, the market of Polyurethane Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Aerospace will boost the Polyurethane Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Can will boost the Polyurethane Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising demand for waterborne polyurethane coatings and Growing adoption of polyurethane coatings with low volatile organic compound
Market Growth Drivers:
Increasing demand for high-performance coatings and Increased requirements of polyurethane coating across marine industry
Challenges:
Fluctuations in the prices
Restraints:
Rising competition from other types of coatings and Harsh Environmental Regulation
Opportunities:
Development of new Polyurethane coating technologies and Rising demand in automotive and transportation industry
Market Leaders and their expansionary development strategies
In November 2023,The Sherwin-Williams Company announced the acquisition of Valspar Corporation, a leading manufacturer of polyurethane coatings. This acquisition will create the largest global paint and coatings company in the world.
In November 2023, Sika AG launched the new polyurethane coating that is Sikagard-658 WF which is designed to provide fire protection for buildings. This coating is designed to provide fire protection for buildings by reacting to heat and forming a protective layer. It is also solvent-free and has low VOC content, making it an environmentally friendly option for fire protection.
Key Target Audience
Wood and Furniture, Industries, Potential Investors, Customers, Market Research and Consultancy firm and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.