Polyurethane Coating Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2025

Report Code: CMR 66978 Report Format: PDF + Excel Database

Polyurethane Coating Market Overview:

In 2017, cumulative grid-connected wind capacity had reached 515 GW from which 497 GW onshore and 18 GW offshore wind energy, according to the International Energy Agency. Furthermore, the organization estimates that the demand for energy will escalate by 65% globally between 2018 and 2023.[1] Evidently, this augmented demand will lead to definite production growth of wind turbines that are coated with polyurethane coatings as they impart longevity and better wind energy efficiency. The demand influx in the wind energy sector and the subsequent growth in the manufacturing of wind turbines is poised to drive the polyurethane coating market that is valued at $16 billion as of 2018. Furthermore, the demand in the global polyurethane coating market from various sectors is projected to observe a healthy compound annual growth rate (CAGR) during the forecast period of 2019 to 2025.

Automotive industry and building & construction are major industries that are driving the demand influx in the APAC polyurethane coating market. From all the countries, China is gauged as the major consumer of polyurethane (PUR) coating material for various purposes such as the application of coatings on automotive parts, wind turbines, and structures and buildings. In 2018, China contributed with more than 200 GW of wind energy to the world’s total wind energy output,[2] according to the World Wind Energy Association (WWEA). This attributes to the heavy usage of wind turbines that chiefly supported the polyurethane coating market. Furthermore, there is a noticeable consumption of polyurethane coatings in other countries of Asia that include India, Indonesia, and Japan. APAC had the maximum regional polyurethane coating market share of 36% in 2018.

Polyurethane Coating Market Outlook:

Polyurethane coatings are surface coatings that have organic units of carbamate (or urethane) links or even thermoplastic polyurethanes. The coating was used as an aircraft coating during World War II. Owing to their properties such as high resistance and durability, polyurethane coatings are used in various sectors such as automotive, construction, and wind energy.

In 2018, the total number of vehicles produced were gauged to be 91,538,640,[3] and the future foresees more vehicles with the evolution of the electric vehicles market and self-driven trucks market along with demand for autonomous cars. This will lead to a greater demand influx in the polyurethane coating market as the key application of the product is found to be in the automotive sector. The demand for polyurethane coating in the automotive application segment is estimated to observe a CAGR of 4% through to 2025.  

Polyurethane Coating Market Growth Drivers:

·         The Expansion of the Building & Construction Industry

The population growth through to 2050 as documented by the United Nations (UN) will lead to a definite demand for building & construction across the globe in order to suffice the infrastructural needs. Apparently, water-borne polyurethane coatings are prevalently used for both wall and floor coatings for abrasion resistance, chemical resistance, and weathering. According to the Institution of Civil Engineers (ICE), the volume of construction output will grow by 85% that will translate to $15.5 trillion worldwide by 2030.[4] Subsequently, this will lead to a consistent demand for polyurethane coating in the building & construction industry.

·         The Application of Polyurethane Coating on Wood

The increase in disposable personal income has enabled people across the globe to afford expensive wood flooring. Polyurethane coatings are used in wooden floorings as they are found to retain the texture of the wood that deteriorates over time due to water-rot. Additionally, wood flooring is also used in some showrooms and shops. The palpable prevalence of wooden floorings and ceilings in the homes and commercial complexes across the globe is further flourishing the polyurethane coating market.  

·         The Growth of the Aerospace Industry Leading to Demand Influx

There is a tangible growth of aerospace industry predominantly in North America and some countries of APAC such as China and India. Polyurethane coatings when applied on aircraft implant durability and resistance to ultraviolet (UV) light, weathering, and chemicals that can be detrimental to the body of aircraft. Moreover, PUC protects aircraft against corrosion by reducing oxidation and itching of aluminum skin. The enhanced production of aircraft in order to suffice the foreseeable need for transportation in the future will significantly support the polyurethane coating market.

Polyurethane Coating Market Trends

·    Water-Based Polyurethane Coatings – Two component water-based acrylic polyurethane coatings are found to be useful for coating concrete and rigid substrates. This application is poised to observe growth in the future.

·       In January 2018, Pidilite Industries announced the acquisition of majority shares in CIPY Polyurethanes Pvt. Ltd. According to CIPY which is a major player in the polyurethane coating market, the partnership is envisioned to position the company in the floor coating segment.

·    In October 2018, Covestro developed the first bio-based coating hardener for polyurethane coatings. This will impart a better ecological footprint in the application of coatings and will help save energy. The adaptation of organic products has become rampant in each sector, and this award-winning innovation is expected to bring a shift in the polyurethane coating market.

Polyurethane Coating Market Challenges

The biggest challenge in front of the vendors in the polyurethane coating market is that despite its durability, toughness, and high gloss, the coating is harmful to the environment as they release VOCs during application. However, water-based polyurethane and 100% solid polyurethane coatings have sustained their position in the market. Furthermore, the vendors are minimizing the use of isocyanides in the polyurethane coatings and re-inclining their manufacturing strategies and making the product eco-friendly.

Polyurethane Coating Market Key Players Perspective

The major players crusading for polyurethane coating market share are Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems LLC, PPG Industries Inc., Valspar Corporation, Sherwin Williams, Jotun, RPM International, BASF, Bayer, Solvosol, and Endura.

Polyurethane Coating Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the polyurethane coating market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The polyurethane coating market research report also analyses the application of the product in the automotive, aerospace, building & construction, and other industries.

Polyurethane Coating Market Report: Industry Coverage

The polyurethane coating market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Key Questions Addressed in the Polyurethane Coating Market Report

Is the market demand for polyurethane coating growing? How long will it continue to grow and at what rate?

Which type of home security system presents the major growth opportunities?

Is there a possibility for change in the market structure over time?

Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?

Do the key vendors look for partnerships to expand their businesses with respect to geography or product?

What are the short-term, long-term, and medium-term growth drivers for the market?

What are the short-term, medium-term, and long-term challenges for the market?

What are the short-term, medium-term, and long-term opportunities for the market

Who are the top players/companies of the market?

What are the recent innovations in the market?

How many patents have been filed by the leading players?

What are the types of patents filed by the leading players?

What is our Vision 2030 for the polyurethane coating market?

A Few Focus Points Of This Research Are Given Below:

Give a deep-dive analysis of the key operational strategies with a focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies

Provide an overview of the product portfolio, including product planning, development, and positioning

Discuss the role of technology companies in partnerships

Explore the regional sales activities

Analyze the market size and giving the forecast for the current and future global polyurethane coating market during the forecast 2019–2025

Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures

References -

[1] https://www.iea.org/topics/renewables/wind/
[2] https://wwindea.org/information-2/information/
[3] http://www.oica.net/category/production-statistics/2018-statistics/
[4] https://www.ice.org.uk/ICEDevelopmentWebPortal/media/Documents/News/ICE%20News/Global-Construction-press-release.pdf 

1. Polyurethane Coating Market - Overview
        1.1 Definitions and Scope
2. Polyurethane Coating Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Polyurethane Coating Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Polyurethane Coating Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Polyurethane Coating Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Polyurethane Coating Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Polyurethane Coating Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Polyurethane Coating Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Solvent-Borne
            8.3.2 Water-Borne
            8.3.3 High Solids
            8.3.4 PU Powder Coating
9. Polyurethane Coating Market - By Type (Market Size -$Million / $Billion)
10. Polyurethane Coating Market - By End Use Industry (Market Size -$Million / $Billion)
10.1 Automotive & Transportation
10.2 Wood & Furniture
10.3 Industrial
10.4 Construction
10.5 Textile & Apparels
10.6 Electrical & Electronics
10.7 Others
11. Polyurethane Coating - By Application Type(Market Size -$Million / $Billion)
        11.1 Segment type Size and Market Share Analysis
        11.2 Application Revenue and Trends by type of Application
        11.3 Application Segment Analysis by Type
12. Polyurethane Coating- By Geography (Market Size -$Million / $Billion)
        12.1 Polyurethane Coating Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
                  12.2.5.1 U.S
                  12.2.5.2 Canada
                  12.2.5.3 Mexico
                  12.2.5.4 Rest of North America
        12.3 Polyurethane Coating- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
                  12.4.5.1 Brazil
                  12.4.5.2 Venezuela
                  12.4.5.3 Argentina
                  12.4.5.4 Ecuador
                  12.4.5.5 Peru
                  12.4.5.6 Colombia
                  12.4.5.7 Costa Rica
                  12.4.5.8 Rest of South America
        12.5 Polyurethane Coating- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
                  12.6.5.1 U.K
                  12.6.5.2 Germany
                  12.6.5.3 Italy
                  12.6.5.4 France
                  12.6.5.5 Netherlands
                  12.6.5.6 Belgium
                  12.6.5.7 Denmark
                  12.6.5.8 Spain
                  12.6.5.9 Rest of Europe
        12.7 Polyurethane Coating - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
                  12.8.5.1 China
                  12.8.5.2 Australia
                  12.8.5.3 Japan
                  12.8.5.4 South Korea
                  12.8.5.5 India
                  12.8.5.6 Taiwan
                  12.8.5.7 Malaysia
                  12.8.5.8 Hong kong
                  12.8.5.9 Rest of APAC
        12.9 Polyurethane Coating - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
                  12.10.5.1 Israel
                  12.10.5.2 Saudi Arabia
                  12.10.5.3 UAE
            12.10.6 Africa Segment Analysis
                  12.10.6.1 South Africa
                  12.10.6.2 Rest of Middle East & Africa
13. Polyurethane Coating Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. Polyurethane Coating Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at global level - Top 10 companies
            14.1.6 Best Practises for companies
15. Polyurethane Coating Market - Key Company List by Country Premium
16. Polyurethane Coating Market Company Analysis
        16.1 Market Share, Company Revenue, Products, M&A, Developments
        16.2 Akzo Nobel N.V.
        16.3 Axalta Coating Systems
        16.4 Basf Se
        16.5 Bayer Materialscience
        16.6 Jotun A/S
        16.7 Ppg Industries
        16.8 Rpm International Inc
        16.9 Sherwin Williams
        16.10 Valspar Corporation
        16.11 Company 10
        16.12 Company 11 & More
*Financials would be provided on a best efforts basis for private companies
17. Polyurethane Coating Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. Polyurethane Coating Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

List of Tables

1 US Polyurethane Coating Market Size 2018
2 Canada Polyurethane Coating Market Share 2018
3 Brazil Polyurethane Coating Market Outlook 2019 - 2023
4 Mexico Polyurethane Coating Market Research 2018
5 Germany Polyurethane Coating Market Trends 2019 - 2023 
6 France Polyurethane Coating Market Growth 2019 - 2023 
7 UK Polyurethane Coating Market Demand 2019 - 2023 
8 Italy Polyurethane Coating Market Segmentation 2018
9 Russia Polyurethane Coating Market Analysis 2019 - 2023
10 China Polyurethane Coating Market Revenue 2019 - 2023
11 Japan Polyurethane Coating Market Volume 2019 - 2023
12 South Korea Polyurethane Coating Market Potential 2019 - 2023
13 India Polyurethane Coating Market Leaders 2018
14 Saudi Arabia Polyurethane Coating Market Forecast 2019 - 2023 
15 Kuwait Polyurethane Coating Market Value 2018

List of Figures

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