Global Polyurethane (PU) Coatings Market By Technology (Chemical Vapor Deposition Vs Physical Vapor Deposition), By Substrate (Metal, Ceramic, Composite, Others), By End Use (Electronics, Mechanical, Industrial. Medical, Others), By Region, Forecast & Opportunities, 2025

The Global Polyurethane (PU) Coatings Market is expected to grow at a formidable rate during the forecast period. The Global Polyurethane (PU) Coatings Market is driven by rapid expansion of the automotive industry at the global level. Moreover, because of several benefits offered by polyurethane (PU) coatings such as high-performance abrasion resistance and corrosion resistance, among others, the polyurethane coating is widely used in numerous industries, which is positively impacting the growth of the market, globally. Also, continuous technological innovations in this market are further expected to bolster the growth of the market over the next few years.

The Global Polyurethane (PU) Coatings Market is segmented based on type, end-industry, company and region. Based on type of type, the market can be categorized into solvent-borne, water-borne, high solid and PU powder coating. The water-borne segment dominated the market until 2019 in terms of largest market share and is anticipated to dominate the market during the forecast years. This can be ascribed to the low content of volatile organic compound in the water borne polyurethane. Therefore, on comparing it to other alternatives, water borne polyurethane is more preferred coating, which is anticipated to fuel the growth of this segment over the next five years. In addition to this, the PU powder coatings segment is also forecast to register high growth during the next five years on account of more resistant to chipping, fading, scratching and wearing than other finishes.

Major players operating in the Global Polyurethane (PU) Coatings Market include Akzo Nobel N.V., PPG Industries, Sherwin William, RPM International In, Axalta Coating Systems, Asian Paints Limited, BASF Se, Bayer Materialscience, Jotun A/S, Valspar Corporation, Evonik Industries AG, Covestro AG, Solvosol, Endura and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new developments to increase their customer bases.

Years considered for this report:

• Historical Years: 2015-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021–2025

Objective of the Study:

• To analyze and estimate the market size of the Global Polyurethane (PU) Coatings Market from 2015 to 2018.
• To estimate and forecast the market size of the Global Polyurethane (PU) Coatings Market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast the Global Polyurethane (PU) Coatings Market based on type, end-industry, company and regional distribution.
• To identify dominant region or segment in the Global Polyurethane (PU) Coatings Market.
• To identify drivers and challenges for the Global Polyurethane (PU) Coatings Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Polyurethane (PU) Coatings Market.
• To conduct pricing analysis for the Global Polyurethane (PU) Coatings Market.
• To identify and analyze the profile of leading players operating in the Global Polyurethane (PU) Coatings Market.
• To identify key sustainable strategies adopted by market players in the Global Polyurethane (PU) Coatings Market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of manufacturers of polyurethane (PU) coatings across the globe. Subsequently, they conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the manufacturers, distribution channels and presence of all major players across the globe.

The author calculated the market size of the Global Polyurethane (PU) Coatings Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Polyurethane (PU) coatings manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to polyurethane (PU) coatings
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the Global Polyurethane (PU) Coatings Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Polyurethane (PU) Coatings Market, By Type:

• Solvent-Borne
• Water-Borne
• High Solids
• PU Powder Coating

Global Polyurethane (PU) Coatings Market, By End-Industry:

• Automotive & Transportation
• Wood & Furniture
• Industrial
• Construction
• Textile & Apparels
• Electrical & Electronics
• Others

Global Polyurethane (PU) Coatings Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape:

• Company Profiles: Detailed analysis of the major companies present in the Global Polyurethane (PU) Coatings Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.