Authored By: Sarah
19 Jan 2023

Polyurethane Coatings Market Share, Segments, Trends, Growth, and Geography- Analysis and Forecast 2023-2027

The polyurethane (PU) coatings market share will post an incremental growth of USD 9,719.29 million, progressing at a CAGR of 6.2% during the forecast period. The growing demand from the transportation industry will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market. 

Technavio’s report on “Polyurethane Coatings Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.   

Browse Technavio's 183-page report and in-depth TOC on "Polyurethane Coatings Market by end-user (wood and furniture, automotive and transportation, electrical and electronics, and others), type (solvent-borne, water-borne, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa)."

View detailed Table of Contents Here: https://www.technavio.com/report/polyurethane-coatings-market-industry-analysis

Polyurethane Coatings Market Share, Segments, Trends, Growth, and Geography- Analysis and Forecast 2023-2027

What are the leading segments in the Polyurethane Coatings Market? 

The polyurethane (PU) coatings market is segmented by end-user (wood and furniture, automotive and transportation, electrical and electronics, and others), type (solvent-borne, water-borne, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

The growth of the polyurethane (PU) coatings market size in the wood and furniture segment will be significant during the forecast period. The rapid growth of the wooden furniture market in developing economies such as India and China is driven by increasing demand for home and office furniture. The wood and furniture segment is anticipated to grow at a moderate growth rate which boosted the demand for polyurethane coatings. Such factors are expected to boost the segment's growth during the forecast period. APAC is estimated to contribute 53% to the growth of the global market during the forecast period.  

What are the factors impacting the growth of the Polyurethane Coatings Market? 

The growing demand from the transportation industry will directly influence the sales of polyurethane (PU) coatings. In addition, the increasing demand for waterborne polyurethane coatings is one of the major polyurethane (PU) coatings market trends that will positively impact the market growth. However, factors such as the volatility in the prices of raw materials will hamper the polyurethane (PU) coatings market growth. 

What are the key Companies in the Polyurethane Coatings Market? 

The market is fragmented due to the presence of several players. Some of the major polyurethane (PU) coatings market vendors are end-user (wood and furniture, automotive and transportation, electrical and electronics, and others), type (solvent-borne, water-borne, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).  

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.  

What are the key data covered in the Polyurethane Coatings Market report? 

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the polyurethane (PU) coatings market forecast during 2023-2027. 

  • Market-level data on units, average selling prices, and values of the polyurethane (PU) coatings market share. 

  • Prediction of the upcoming trends, drivers, and factors that challenge the growth of the polyurethane (PU) coatings market. 

  • Polyurethane (PU) coatings industry growth across APAC, Europe, North America, South America, and Middle East and Africa.

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