PUBLISHER: Grand View Research | PRODUCT CODE: 1679504
PUBLISHER: Grand View Research | PRODUCT CODE: 1679504
The global polyurethane coatings market size is anticipated to reach USD 28.16 billion by 2030, growing at a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The demand for polyurethane (PU) coatings is increasing due to their superior durability, chemical resistance, and versatility across industries such as automotive, construction, furniture, and industrial equipment. Stringent environmental regulations are also driving the shift toward eco-friendly, low-VOC, and water-based PU coatings.
The solvent-borne segment dominated the market with a revenue share of 63.8% in 2024, during the forecast period. The solvent-borne segment in the polyurethane (PU) coatings market is expected to grow due to its superior durability, chemical resistance, and fast curing properties, making it ideal for high-performance applications in automotive, industrial, and wood coatings. Despite environmental concerns, advancements in low-VOC and high-solids formulations are helping meet regulatory standards while maintaining performance. Additionally, strong demand from industries requiring heavy-duty protection, such as marine and aerospace, continues to drive growth in this segment.
Asia Pacific dominated the polyurethane coatings industry with a market share of 55.3% in 2024, during the forecast period. This growth is attributed to rapid industrialization, expanding construction activities, and increasing demand for marine coatings and automotive coatings. Countries like China, India, and Japan are driving demand through infrastructure development and rapid industrialization in the region.