As per the analysis of United Nations (UN), development in the population will create a clear requirement for building and construction all over the globe in sequence to meet infrastructural necessities. Polyurethane coatings appear to be extensively utilized for chemical resistance, abrasion resistance and weathering across exterior and interior coatings. The water based polyurethane coatings is the fastest growing product type due to its properties such as high performance in low temperature, surface hardness, and user-friendliness, among other during the forecast period.
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The market is segmented based on Segmentation, By Application Method (Spray, Brush, and Roller), Substrate Material (Concrete, Metal, Wood, Plastic, Fabric, others), Grade (Technical Grade and Industrial Grade), Packaging (Cans, Plastic Drums, and Others), Product Type (Water-Based, Solvent-Based, Powder-Based, and Others), Application ( Pavement, Industrial Flooring, Metal Roofs, Pipeline Externals, Automotive Finishes, Wind Turbines, Industrial Equipment, Airport Hanger Floors, and Others), End Use Industry (Construction, Automotive, Electronics, Textile, Power and Energy Industry) – Industry Trends and Forecast to 2031
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The Global Polyurethane Coating Market size was valued at USD 20.03 USD Billion in 2023.
The Global Polyurethane Coating Market is projected to grow at a CAGR of 5.5% during the forecast period of 2024 to 2031.
The major players operating in the market include Akzo Nobel N.V., PPG Industries , The Sherwin-Williams Company, DOW, Axalta Coating System, BASF SE, Jotun, Covestro AG, Huntsman International LLC., Mitsubishi Chemical Corporation, Mapei S.p.A, Eastman Chemical Company, Tosoh Corporation, Asahi Kasei Chemicals Corporation, Mascoat, Asian Paints, The Valspar Corporation, VCM Polyurethanes Pvt. Ltd, Tuff Coat Polymers Pvt. Ltd, deckencoatings,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
