Polyurethane Coating Market Industry Analysis & Size

Polyurethane Coating Market Analysis and Size

Global Polyurethane Coating Market was valued at USD 18.00 billion in 2021 and is expected to reach USD 27.62 billion by 2029, registering a CAGR of 5.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Polyurethane coating is defined as a polymer that includes a chain of organic components. This chain is applied on the surface of a substrate for the purpose of protecting the surface. Polyurethane coating aids a substrate from abrasion, corrosion, weathering and other deteriorating processes. Moreover, polyurethane coatings have a high-tensile strength, shore hardness, modulus and percent elongation.

COVID-19 Impact on Polyurethane Coating Market

Polyurethane coating owing to its rich abrasion and corrosion resistance nature is majorly used in sectors such as oil gas, automotive, and construction sector for surface coating. The lockdown implemented by nations caused restrictions on the functioning of these regions which reduced their productivity all across the world. For instance, in 2020, according to International Organization of Motor Vehicles Manufacturer, the global vehicle manufacture was 77.7 million units compared to 92.1 million units in 2019 worldwide. Moreover, according to Eurostat in March April of 2020, construction manufacture declined by 25.9%. Polyurethane is used in in construction sector it is sprayed on concrete and steel to make them less vulnerable to rust, automotive coating as scratch resistant paint, and while in oil gas sector it is used in pipeline coating.

Competitive Landscape and Polyurethane Coating Market Share Analysis

Some of the major players operating in the polyurethane coating market are

Akzo Nobel N.V. (Netherlands)
PPG Industries, Inc. (U.S.)
The Sherwin-Williams Company (U.S.)
DOW (U.S.)
Axalta Coating System (U.S.)
BASF SE (Germany)
Jotun (Norway)
Covestro AG (Germany)
Huntsman International LLC. (U.S.)
Mitsubishi Chemical Corporation (Japan)
Asian Paints (India)
The Valspar Corporation (U.S.)
VCM Polyurethanes Pvt. Ltd (India)
Tuff Coat Polymers Pvt. Ltd (India
deckencoatings (India)

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Polyurethane Coating Market Regional Analysis/Insights

The polyurethane coating market is analyzed and market size insights and trends are provided by country, application method, substrate material, grade (), packaging, product type, application and end use industry as referenced above.

The countries covered in the polyurethane coating market report are 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, Israel, Egypt, South Africa, 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.

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Major TOC of the Report

1 INTRODUCTION

2 MARKET SEGMENTATION

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW

6 IMPACTS OF COVID-19 ON THE POLYURETHANE COATING MARKET

7 POLYURETHANE COATING MARKET, BY INDUSTRY TYPE

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