Polyurethane Coating Market, By Type, By Application, By Geography

Description

The global polyurethane coating market is estimated to be valued at USD 21.34 Bn in 2024 and is expected to reach USD 28.27 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 21.34 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.10%	2031 Value Projection:	US$ 28.27 Bn

Figure. Polyurethane Coating Market Share (%), By Region, 2024

Polyurethane coatings are extensively used in various industries due to their versatility and ability to provide protection against wear, UV radiation, and corrosion. They are made from reacting polyols and diisocyanates along with additives to achieve the desired properties. Some key advantages of polyurethane coatings include excellent adhesion, flexibility, and good chemical and abrasion resistance. Rising construction activities along with growing automotive production are fueling the demand for polyurethane coatings globally.

Market Dynamics:

The global polyurethane coating market is driven by increasing construction activities along with growing automotive production worldwide. Rapid urbanization in developing countries is significantly boosting infrastructure development, which, in turn, is propelling the adoption of polyurethane coatings in applications such as flooring, wood coatings, and roof coatings. Additionally, rising sales of automobiles where polyurethane coatings are used to coat car interiors, exteriors, and various auto components is fueling the market growth. On the other hand, emergence of bio-based polyurethane coatings owing to sustainability concerns are expected to provide lucrative opportunities in the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global polyurethane coating market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global polyurethane coating market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, DOW, Axalta Coating Systems, BASF SE, Jotun, RPM International Inc., Asian Paints, Covestro AG, Huntsman International LLC, Nippon Paint Holdings Co., Ltd., Mitsubishi Chemical Corporation, Masco Corporation, Kansai Paint Co., Ltd., Beckers Group, Hempel A/S, Sika AG, RTP Company, and Lubrizol Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global polyurethane coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polyurethane coating market

Detailed Segmentation-

Type Insights (Revenue, USD Bn, 2019 - 2031)
- Solvent-Based Polyurethane Coatings
- Water-Based Polyurethane Coatings
- UV-Cured Polyurethane Coatings
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Architectural Coatings
- Automotive Coatings
- Industrial Coatings
- Wood & Furniture Coatings
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Akzo Nobel N.V.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- DOW
- Axalta Coating Systems
- BASF SE
- Jotun
- RPM International Inc.
- Asian Paints
- Covestro AG
- Huntsman International LLC
- Nippon Paint Holdings Co., Ltd.
- Mitsubishi Chemical Corporation
- Masco Corporation
- Kansai Paint Co., Ltd.
- Beckers Group
- Hempel A/S
- Sika AG
- RTP Company
- Lubrizol Corporation

Product Code: CMI7417

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Polyurethane Coating Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Polyurethane Coating Market - COVID-19
Impact Analysis

5. Global Polyurethane Coating Market, By Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Solvent-Based Polyurethane Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Water-Based Polyurethane Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
UV-Cured Polyurethane Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Polyurethane Coating Market, By Application, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Architectural Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Industrial Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Wood & Furniture Coatings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Polyurethane Coating Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Bn)
- Regions/Countries
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Akzo Nobel N.V.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- PPG Industries, Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- The Sherwin-Williams Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- DOW
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Axalta Coating Systems
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Jotun
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- RPM International Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Asian Paints
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Covestro AG
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Huntsman International LLC
- Nippon Paint Holdings Co., Ltd.
- Mitsubishi Chemical Corporation
- Masco Corporation
- Kansai Paint Co., Ltd.
- Beckers Group
- Hempel A/S
- Sika AG
- RTP Company
- Lubrizol Corporation

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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