Polyurethane Coatings Market Overview:
Polyurethane Coatings Market is expected to witness a significant growth in terms of consumption of USD 3781.2 KT by 2023 with CAGR of 7.3% between by 2023.
The flexibility and toughness of polyurethane coatings have led to their amplified use in the transportation and automotive sector. The anti-corrosive and anti-abrasive properties have intensified their application in products of various end user sectors. Use of polyurethane coatings in flooring applications have provided additional opportunities for growth of the industry. Exceptional weathering performance characteristics have further increased the expansion of the market.
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Polyurethane Coatings Market Key Players:
The major players shaping the competitive landscape of the market include Valspar Corporation (US), Akzo Nobel N.V. (Europe), Sherwin Williams Company (US), Axalta Coating Systems, LLC (US), PPG Industries, Inc. (US), Evonik Industries (Europe), Asian Paints Limited (India), BASF SE (Europe), Covestro AG (Europe), Jotun A/S (Europe) and others.
Polyurethane Coatings Market Segment Analysis:
The segmentation of the polyurethane coatings industry globally is broadly segmented on the basis of end users, technology and region. The technology-based segmentation of the market comprises of spray, powder, solvent-borne, water-borne, and others such as high solids and acrylic based. The end user segment of the market consists of aerospace industry, automotive, construction, household industry, electronics industry among others such as transportation, textile. Finally, on the basis of region the market is segmented into Europe, APAC, Latin America, North America and Middle East & Africa.
Polyurethane Coatings Market Regional Analysis:
The industry of polyurethane coating which comprises of the Asia Pacific region as one key market has the largest market for polyurethane coatings owing to demand in numerous end user markets such as the aerospace and automotive industries in China followed by Japan. Growing demand for automotive product offerings in nations such as Taiwan, India and South Korea have led to the Asia Pacific region becoming the main consumer of the polyurethane coatings industry globally followed by growth in the consumption of polyurethane coatings in the North America region. The third largest market in the industry is the European region. The Middle East and Latin American region have also observed significant growth in the industry due to the innumerable applications for the industry such as aerospace industry, construction, household industry, automotive, electronics industry among others.
Polyurethane Coatings Market Competitive Landscape:
Polyurethane Coatings Market is one of the highly mature markets in the coatings industry, which is mainly driven by the surging demand from in automotive industry, along with the growing building & construction industry around the world. The market consist of significant number of tier 1 manufacturers, yet Axalta Coating Systems, LLC, Pidilite Industries Limited, Evonik Industries AG, and Covestro AG are the key players operating in this market. According to the study conducted by MRFR, almost all of them are majorly adopting the product launch and an expansion tactics to augment their production capacities and market share. This is anticipated to help them sustain the growing competition in coming years.
Polyurethane Coatings Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Polyurethane Coatings Market
Polyurethane Coatings Market Table of Content to be Continue……,
Polyurethane Coatings Market List of Table:
Table 1 Global Polyurethane Coatings Market: By Region, 2016−2023
Table 2 North America: Polyurethane Coatings Market, By Country, 2016−2023
Table 3 Europe: Polyurethane Coatings Market, By Country, 2016−2023
Table 4 Asia-Pacific: Polyurethane Coatings Market. By Country, 2016−2023
Table 5 Middle East & Africa: Polyurethane Coatings Market, By Country, 2016−2023
Polyurethane Coatings Market List of Table to be Continue……,
Polyurethane Coatings Market List of Figures:
FIGURE 1 Global Polyurethane Coatings Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Polyurethane Coatings Market
FIGURE 4 Value Chain of Global Polyurethane Coatings Market
FIGURE 5 Share of Global Polyurethane Coatings Market In 2017, By Country
Polyurethane Coatings Market List of Figures to be Continue……,
Complete List of Tables and Figures @ https://www.marketresearchfuture.com/reports/polyurethane-coatings-market-2976
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