Polyurethane (PU) coatings offer versatile solutions in various industries. Renowned for durability, these coatings protect surfaces from wear, corrosion, and weathering. With excellent adhesion and flexibility, they’re ideal for diverse applications such as automotive, aerospace, flooring, and furniture. PU coatings provide a glossy finish and resist abrasion, making them a preferred choice for enhancing and preserving surfaces in demanding environments.
As per the recent research conducted by a leading market insights provider FMI, the global PU Coatings market size will expand at a healthy CAGR over the forecast period between 2022 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of PU Coatings and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the PU Coatings Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the PU Coatings market.
Key PU Coatings Market Takeaways and Projections
- The US will lead the North America PU Coatings market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the PU Coatings market. It also profiles a list of prominent companies including
- PPG Industries
- BASF SE
- Sherwin William
- Axalta Coating System
- Jotun
- Covestro AG
- Evonik Industries AG
- Sherwin Williams Company
- Jotun A/S
- Akzo Nobel N.V.
- Techchoat Contractors Inc.
- Ellsworth Adhesives
- RPM International Inc.
- Valspar Corporation
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Key Segments Profiled in the PU Coatings Industry Survey
By Application Method:
- Spray
- Brush
- Roller
By Substrate Material:
- Concrete
- Metal
- Wood
- Plastic
- Fabric
- Cotton
- Leather
- Nylon
- Others
- Others
By Grade:
- Technical Grade
- Industrial Grade
By Packaging:
- Cans
- Plastic Drums
- Others
By Application:
- Pavement
- Industrial Flooring
- Metal Roofs
- Pipeline Externals
- Automotive Finishes
- Wind Turbines
- Industrial Equipment
- Airport Hanger Floors
- Others
By End Use:
- Furniture
- Marine Industry
- Construction
- Residential Construction
- Commercial Construction
- Automotive
- Commercial Vehicle
- Passenger Vehicle
- Electronics
- Circuit Board
- Transformer
- Relays
- Aerospace,
- Textile
- Fashion Garments
- Leather Items
- Power & Energy Industry
- Wind
- Solar
- Hydro
By Region:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East & Africa
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the PU Coatings market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global PU Coatings market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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