Polyurethane Powder Coatings Market cover

Polyurethane Powder Coatings Market by End-user (Automotive, Aerospace, Furniture, Marine, Building & Construction, and Others), Coating Types (Protective Coatings and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3457
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 9
  • No. Of Pages: 190
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The global polyurethane powder coatings market size is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing usage of coatings in construction of the buildings and other architectural, as well as rising demand by aerospace manufactures to protect aircrafts from corrosion and rust.

Polyurethane Powder Coatings Market summary

Companies are implementing smart coatings and high-performance coating technologies to improve the efficiency of coating compounds. This leads to increasing adoption of polyurethane powder coatings.

Polyurea coatings have advantages over other coating systems due to their low VOC emissions and recyclability, making them a favored choice due to their environmentally beneficial qualities. During and after application, most coating materials are known to release volatile organic compounds (VOCs). VOC emissions are toxic to people and can lead to respiratory problems. As a result, growing environmental consciousness is projected to fuel demand for polyurethane coatings.

The improvement of polyester resin technology such as stable low-gloss formulations opened up the architectural industry for polyurethane powder coatings. Moreover, sustainable and green construction practices have improved responsiveness of polyurethane powder coatings as a viable option for painting architectural metal in the market.

Original equipment manufacturers (OEMs) and car refinishers use polyurethane coatings extensively throughout vehicle production and maintenance. Polyurethane-based automobile coatings increase the look of a car while also protecting it from harsh weather conditions and preventing corrosion. Engine elements, such as exhaust manifolds and gaskets, are among the critical components that must be protected with industrial coatings.

As powder coatings are available in a variety of colors and finishes, an increasing number of construction companies are turning to them to provide long-term surface treatments for outdoor venues and infrastructure projects.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for wind turbines drives the market for polyurethane.
  • Increasing discretionary personal income enabled purchase luxury wood flooring is anticipated to surge the market.
  • Growing environmental concerns, as well as severe regulatory laws, are causing worry about the emission of volatile organic compounds (VOCs) which are expected to boost the market during the forecast period.
  • Developments in land and buildings such as high-end buildings, offices, malls are expected to fuel the market during the forecast period.
  • Rapid growth of the automotive & transportation sector is key factor fueling the market.
  • Fluctuating raw material prices act as a key challenge that can hamper the market growth.
  • High sensitivity to moisture and limited pot life are expected to hinder the market.
  • Active development of powder-based polyurethane coatings is projected to create lucrative opportunities for the market players.

Scope of the Report

The report on the global polyurethane powder coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Polyurethane Powder Coatings Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-User Industries (Automotive, Aerospace, Furniture, Marine, Building & Construction, and Others), Coating Types (Protective Coatings and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

The Sherwin Williams Company; Jotun; Akzo Nobel N.V.; Axalta Coatings Systems; PPG Industries Inc.

Polyurethane Powder Coatings Market Segment Insights

The automotive segment is projected to constitute a key market share

Based on end-users, the polyurethane powder coatings market is divided into automotive, aerospace, furniture, marine, building & construction, and others. The automotive segment is expected to account for a key share of the market during the forecast period owing to rising necessity for long-lasting and protective  coating in vehicle also growing demand for new generation vehicle.

The protective coatings segment is expected to expand at a rapid pace

In terms of coating types, the polyurethane powder coatings market is segmented into protective coatings and others. The protective coatings segment is expected to hold a key share of the market in the coming years due to increasing use in aircraft implants for durability and resistance, and also it is discovered to keep the texture of the wood.

Polyurethane Powder Coatings Market types

Asia Pacific is anticipated to dominate the market

On the basis of regions, the polyurethane powder coatings market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. Growth of the market is attributed to increasing income and rising architectural and building market, in countries such as India, China, and Japan also rapid growth of automotive industry in the region.

Polyurethane Powder Coatings Market region

Segments

Segments Covered in the Report

The global polyurethane powder coatings market has been segmented on the basis of

End-User Industries

  • Automotive
  • Aerospace
  • Furniture
  • Marine
  • Building & Construction
  • Others

 Coating Types

  • Protective Coatings
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • The Sherwin Williams Company
  • Jotun; Akzo Nobel N.V.
  • Axalta Coatings Systems
  • PPG Industries Inc.

Competitive Landscape

Key players competing in the polyurethane powder coatings market include The Sherwin Williams Company; Jotun; Akzo Nobel N.V.; Axalta Coatings Systems; PPG Industries Inc.
Some of these players are coming up with several market/business strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Polyurethane Powder Coatings Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. polyurethane powder coatings Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. polyurethane powder coatings Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. polyurethane powder coatings Market - Supply Chain
  4.5. Global polyurethane powder coatings Market Forecast
     4.5.1. polyurethane powder coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. polyurethane powder coatings Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. polyurethane powder coatings Market Absolute $ Opportunity
5. Global polyurethane powder coatings Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. polyurethane powder coatings Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global polyurethane powder coatings Demand Share Forecast, 2019-2026
6. North America polyurethane powder coatings Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America polyurethane powder coatings Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America polyurethane powder coatings Demand Share Forecast, 2019-2026
7. Latin America polyurethane powder coatings Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America polyurethane powder coatings Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America polyurethane powder coatings Demand Share Forecast, 2019-2026
8. Europe polyurethane powder coatings Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe polyurethane powder coatings Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe polyurethane powder coatings Demand Share Forecast, 2019-2026
9. Asia Pacific polyurethane powder coatings Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific polyurethane powder coatings Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific polyurethane powder coatings Demand Share Forecast, 2019-2026
10. Middle East & Africa polyurethane powder coatings Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa polyurethane powder coatings Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa polyurethane powder coatings Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global polyurethane powder coatings Market: Market Share Analysis
  11.2. polyurethane powder coatings Distributors and Customers
  11.3. polyurethane powder coatings Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. The Sherwin Williams Company
     11.4.2. Jotun; Akzo Nobel N.V.
     11.4.3. Axalta Coatings Systems
     11.4.4. PPG Industries Inc.

Segments Covered in the Report

The global polyurethane powder coatings market has been segmented on the basis of

End-User Industries

  • Automotive
  • Aerospace
  • Furniture
  • Marine
  • Building & Construction
  • Others

 Coating Types

  • Protective Coatings
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • The Sherwin Williams Company
  • Jotun; Akzo Nobel N.V.
  • Axalta Coatings Systems
  • PPG Industries Inc.

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