Market Research Future published a research report on “Global Polyurethane Coatings Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Synopsis of Polyurethane Coatings Market
The Global 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 2016 and 2023.
Polyurethane coatings is a flexible, tough, modified type of coating, specifically designed for the protection of electronic circuitry. Polyurethane coatings has excellent mechanical and dielectric properties, it has high abrasion resistance which is useful for in robust coating.
The main driver for the global polyurethane coatings market is because of huge demand in automotive industry. Polyurethane coatings are majorly consumed in automotive and transportation industry particularly, ships and automobile. While, strict environmental regulations and unstable prices of raw materials can cause a major restraint for the polyurethane coatings market in next few years.
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Akzo Nobel N.V.(Europe)
Valspar Corporation (US)
Sherwin Williams Company (US)
PPG Industries, Inc. (US),
Axalta Coating Systems
Asian Paints Limited (India)
BASF SE (Europe)
Covestro AG (Europe)
Jotun A/S (Europe)
Evonik Industries (Europe)
Asia Pacific is the largest market of polyurethane coatings due to demand in various end user industry such as automotive and aerospace industry in China region followed by Japan. Increasing demand for automotive and in the India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global polyurethane coatings market followed by increasing in the consumption of polyurethane coatings market in North America region. The third largest market of polyurethane coatings is Europe. Latin America and Middle East also witnessed in growth of polyurethane coatings market due to various application such as automotive, aerospace industry, household industry, construction, electronics industry, and others.
The global polyurethane coatings market is majorly segmented on the basis of technology, end users and region. Based on technology of polyurethane coatings the market is segmented into solvent-borne, water-borne, spray, powder, and others (high solids, acrylic based). Based on end user the market segmented into automotive, aerospace industry, household industry, construction, electronics industry, and others (transportation, textile), and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
Study Objectives of Polyurethane Coatings Market:
- To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the Polyurethane Coatings market
- To provide insights about factors affecting the market growth
- To Analyze the Polyurethane Coatings market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by product, by end user and by application.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Polyurethane Coatings market
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The report about Global Polyurethane Coatings Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.