Product Code: GVR-4-68040-517-9
Polyurethane Coatings Market Growth & Trends:
The global polyurethane coatings market size is anticipated to reach USD 28.16 billion by 2030, growing at a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The demand for polyurethane (PU) coatings is increasing due to their superior durability, chemical resistance, and versatility across industries such as automotive, construction, furniture, and industrial equipment. Stringent environmental regulations are also driving the shift toward eco-friendly, low-VOC, and water-based PU coatings.
The solvent-borne segment dominated the market with a revenue share of 63.8% in 2024, during the forecast period. The solvent-borne segment in the polyurethane (PU) coatings market is expected to grow due to its superior durability, chemical resistance, and fast curing properties, making it ideal for high-performance applications in automotive, industrial, and wood coatings. Despite environmental concerns, advancements in low-VOC and high-solids formulations are helping meet regulatory standards while maintaining performance. Additionally, strong demand from industries requiring heavy-duty protection, such as marine and aerospace, continues to drive growth in this segment.
Asia Pacific dominated the polyurethane coatings industry with a market share of 55.3% in 2024, during the forecast period. This growth is attributed to rapid industrialization, expanding construction activities, and increasing demand for marine coatings and automotive coatings. Countries like China, India, and Japan are driving demand through infrastructure development and rapid industrialization in the region.
Polyurethane Coatings Market Report Highlights:
- The solvent borne segment is expected to have the largest revenue share of 63.8% in 2024.expected to grow due to its chemical resistance, superior durability and fast curing properties. Additionally, strong demand from industries requiring heavy-duty protection, such as marine and aerospace, continues to drive growth in this segment.
- Asia Pacific is the dominant region for the aluminum hydroxide market with a revenue share of 36.8% in 2024. The Asia Pacific region increasing infrastructure projects and rising demand for durable, high-performance coatings are driving market expansion. Additionally, stricter environmental regulations are boosting the adoption of eco-friendly water-based PU coatings, further fueling regional growth.
- In December 2022, AkzoNobel acquired Lankwitzer Lackfabrik GmbH's wheel liquid coatings business, strengthening its performance coatings offering. This is expected to improve AkzoNobel's presence in the coatings business.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Polyurethane Coatings Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing/Technology Outlook
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Polyurethane Coatings Market: Technology Estimates & Trend Analysis
- 4.1. Polyurethane Coatings Market: Technology Movement Analysis, 2023 & 2030
- 4.2. Solvent-Borne
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Water-Borne
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Powder
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Radiation-Based
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Polyurethane Coatings Market: End Use Estimates & Trend Analysis
- 5.1. Polyurethane Coatings Market: End Use Movement Analysis, 2023 & 2030
- 5.2. Automotive
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Transportation
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Construction
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Electricals & Electronics
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6. Wood & Furniture
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.7. Other End Uses
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Polyurethane Coatings Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2023 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.2.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.7.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.7.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.3.8. Spain
- 6.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.8.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.8.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
- 6.6.5. South Africa
- 6.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Market Positioning Analysis, 2024
- 7.5. Strategy Mapping
- 7.6. Company Profiles/Listing
- 7.6.1. Akzo Nobel N.V.
- 7.6.1.1. Company Overview
- 7.6.1.2. Financial Performance
- 7.6.1.3. Technology Benchmarking
- 7.6.2. Donau Carbon GmbH
- 7.6.2.1. Company Overview
- 7.6.2.2. Financial Performance
- 7.6.2.3. Technology Benchmarking
- 7.6.3. Axalta Coating Systems
- 7.6.3.1. Company Overview
- 7.6.3.2. Financial Performance
- 7.6.3.3. Technology Benchmarking
- 7.6.4. BASF SE
- 7.6.4.1. Company Overview
- 7.6.4.2. Financial Performance
- 7.6.4.3. Technology Benchmarking
- 7.6.5. Argana Group
- 7.6.5.1. Company Overview
- 7.6.5.2. Financial Performance
- 7.6.5.3. Technology Benchmarking
- 7.6.6. PPG Industries Inc.
- 7.6.6.1. Company Overview
- 7.6.6.2. Financial Performance
- 7.6.6.3. Technology Benchmarking
- 7.6.7. RPM International Inc.
- 7.6.7.1. Company Overview
- 7.6.7.2. Financial Performance
- 7.6.7.3. Technology Benchmarking
- 7.6.8. The Sherwin-Willams Company
- 7.6.8.1. Company Overview
- 7.6.8.2. Financial Performance
- 7.6.8.3. Technology Benchmarking
- 7.6.9. Valspar Corporation
- 7.6.9.1. Company Overview
- 7.6.9.2. Financial Performance
- 7.6.9.3. Technology Benchmarking
- 7.6.10. Donau Carbon GmbH
- 7.6.10.1. Company Overview
- 7.6.10.2. Financial Performance
- 7.6.10.3. Technology Benchmarking
- 7.6.11. Oriental International (Pvt) Ltd.
- 7.6.11.1. Company Overview
- 7.6.11.2. Financial Performance
- 7.6.11.3. Technology Benchmarking
- 7.6.12. CarboTech
- 7.6.12.1. Company Overview
- 7.6.12.2. Financial Performance
- 7.6.12.3. Technology Benchmarking