Market Analysis: Global Polyurethane Coating Market
The Global Polyurethane Coating Market is expected to reach USD 3820.33 KT by 2025, from USD 2508.24 KT in 2017 growing at a CAGR of 5.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Polyurethane Coating Market
Polyurethane coating is a layer of polymer that is applied to the surface of a material to protect it from corrosion and weathering. Polyurethane coating holds high durability and toughness. It is inflammable, so it can be used in places where combustion occurs. Polyurethane coating should be prevented from ultraviolet light exposure because it may damage the coating. According to Food and Agricultural Organization of the United Nation, in 2016, the growth rate of the wood sector was double as compared to 2015 due to higher demand for renewable energy and global economic development, this positive trend is likely to continue through 2017 and 2018. This above factor shows that the market for wood and furniture around the globe is growing and will drive the demand for Polyurethane Coating.
- High demand from Asia-Pacific
- Expansion of automotive & shipbuilding industries
- High demand for building insulation in light of sustainability concerns
- Growing environmental concerns
- Market of the European economy is stagnant
Segmentation: Global Polyurethane Coating Market
- High Solids
By End User
- Wood & Furniture, Industrial
- Textile, Construction
- Automotive & Transportation
- Electrical & Electronics
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Polyurethane Coating Market
The global polyurethane coating market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyurethane coating market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Polyurethane Coating Market
The key players operating in the global polyurethane coating market are –
- BASF SE
- The Dow Chemical Company
- Covestro AG
- Huntsman International LLC.
- Mitsubishi Chemical Corporation.
The other players in the market are Eastman Chemical Company, Nippon Polyurethane Industry Corp Ltd., Recticel S.A., VCM Polyurethanes Pvt. Ltd, VVC Paints, Premium Coatings And Chemicals Pvt Ltd., Decken Coatings., Tuff Coat Polymers Pvt. Ltd, Royal Adhesives & Sealants., llinois Tool Works Inc, PPG Industries Ohio, Inc., The Sherwin-Williams Company, Woodbridge Foam Corporation., DIC CORPORATION, RTP Company, The Lubrizol Corporation, Rampf Holding GmbH & Co. KG, and many more.
Research Methodology: Global Polyurethane Coating Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global polyurethane coating market
- Analyze and forecast the polyurethane coating market on the basis of type, end user, and application
- Trends of key regional and country-level markets for type, end user, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis