Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The polyurethane coating market is driven by the thriving automotive industry owing to the increasing sale of passenger and commercial automobiles in developing countries of the world. Over the forecast period, the rising demand for polyurethane coatings in OEM and refinish applications is likely to provide impetus to the market. In addition to this, the growing application of epoxy polyamide polyurethane in automobiles such as buses, cars, and trucks is likely to augment the market further in the forecast period.
In terms of region, Asia Pacific is likely to account for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The market in the region is driven by the significant growth attained by the building and construction sector, which is likely to boost the demand for PUC in the forecast period. The market in the region will further be aided by the growing investments in the electronics and electrical sector. In countries like India and China, a significant increase in the demand for electrical appliances owing to the rising disposable income and rapid industrialisation is likely to augment the market.
In March 2021, Axalta (NYSE: AXTA) announced the launch of Imron Industrial 2K polyurethane high gloss clearcoat in North America. With this launch, the company will expand its industrial portfolio. This new and advanced clearcoat has the ability to get melted quickly and flow smoothly making damaged areas easy to repair.
Market Breakup by Type, End User, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global polyurethane coating industry are Akzo Nobel N.V., BASF SE, Sherwin-Williams Company, PPG Industries, Inc., and Axalta Coating Systems, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.