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Post Info TOPIC: polyurethane coatings market Report Presents an Overall Analysis, Development Trends and Forecast 2030


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polyurethane coatings market Report Presents an Overall Analysis, Development Trends and Forecast 2030
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Polyurethane Coatings Market Overview

The rapid expansion of the automotive sector that largely utilizes polyurethane coatings can promote the market. The polyurethane market can thrive as application of the product across the transportation industry that also includes shipping, is observed to rise. The high-performance offered by polyurethane coatings due to its excellent corrosion and abrasion resistance, along with low-temperature curing can promote is creating its demand among end-users. In addition, the rise in awareness about other features, such as high flexibility, higher durability, good weathering ability, and high optical properties can boost sales of polyurethane coatings market. These are some drivers of the market.

The growing requirement for flexible, modified, and robust type of coating in the expanding semi-conductor domain to specifically design electronic circuits with higher protection can draw in high volume of polyurethane coatings due to its excellent dielectric properties. This can also bolster the expansion of the polyurethane coatings market across the forecast period. On the contrary, the rise and fall in prices of raw materials, cost-intensive nature of modern technologies, and challenges associated with the production process can serve as bottlenecks for the global polyurethane coatings market across the study period.

The polyurethane (PU) coating market growing at a CAGR of 5.40% is expected to generate global revenue of $18,669.0 million by 2030

Segmentation Analysis

The segment analysis of the global polyurethane coatings market is studied by end-use industry, and technology.

The end-use industry-based segments of the global polyurethane coatings market are aerospace, automotive, construction, household, and electronics among others. The need for polyurethane coatings across construction and automotive sectors can promote the polyurethane coatings market in the foreseeable future.

The technology-based segments of the polyurethane coatings market are water-borne, solvent-borne, powder, and spray among others. The increase in the adoption of spray technology due to its high efficacy can promote the polyurethane coatings market in the analysis period.

Key Players

Valspar Corporation (US), Akzo Nobel NV (Netherlands), Axalta Coating Systems, LLC (US), Sherwin Williams Company (US), PPG Industries, Inc. (US),  BASF SE (Germany), Asian Paints Limited (India), Covestro AG (Germany), Evonik Industries AG (Germany), and Jotun A/S (Norway) are some well-known players of the polyurethane coatings market that are listed by MRFR. The transforming

Get More Info @  https://www.marketresearchfuture.com/reports/polyurethane-coatings-market-2976

Regional Analysis

In Asia Pacific, the polyurethane coatings market is likely to be the largest market across the globe in the analysis period. The growing demand for polyurethane coatings market for aerospace, automotive, construction, and electrical application across India and other APAC regions can support the market expansion. Rapid industrialization and expansion of the construction sector in the region can promote the rise of the market across the assessment period.

In North America, the polyurethane coatings market can secure the second-largest share of global market after Asia Pacific. The high utility of polyurethane coating across the expanding automotive and construction sectors can promote the market growth. In Europe, the polyurethane coatings market can thrive as the regional growth indicators are similar to market drivers in APAC. However, economic slowdown can promote the market rise through the analysis period. In Latin America, the polyurethane coatings market can rise at decent CAGR as economy across the region is observed to revive. In the Middle East and Africa region, the presence of a high number of construction sector can support the expansion of the market across the analysis period.

About Market Research Future:

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), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

 



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