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Polyurethane Coatings Market Overview:
According to the studies conducted by the leading market research organizations the global protective coating market is projected reach the market of USD 23 Bn by the end of 2013 by expanding at a robust CAGR of nearly 10%. This in expected to fuel growth of the market during the assessment period to 2023.
Polyurethane Coatings Market Key Players:
Akzo Nobel N.V.(Europe), Arkema Group (France), Sherwin Williams Company (US), PPG Industries, Inc. (US), Axalta Coating Systems, LLC (US), Asian Paints Limited (India), BASF SE (Europe), Covestro AG (Europe), Jotun A/S (Europe) and Evonik Industries (Europe) among others are some of the prominent players at the forefront of competition in the Global Polyurethane Coatings Market and are profiled in MRFR Analysis.
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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 Segments:
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 Competitive Landscape:
Polyurethane Coatings are 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 consists 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……,
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