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Report Description

Report Description

Forecast Period

2026-2030

Market Size (2024)

USD 18.26 Billion

CAGR (2025-2030)

5.21%

Fastest Growing Segment

Automotive

Largest Market

     Asia Pacific

Market Size (2030)

USD 24.49 Billion

Market Overview

Global Polyurethane (PU) Coatings Market was valued at USD 18.26 Billion in 2024 and is expected to reach USD 24.49 Billion by 2030 with a CAGR of 5.21% during the forecast period. The global polyurethane (PU) coatings market is experiencing consistent growth, driven by increasing demand across diverse end-use sectors including automotive, construction, furniture, and electronics. Valued for their outstanding durability, abrasion resistance, and strong adhesion, PU coatings are widely adopted for both protective and decorative purposes in industrial and commercial applications. In the automotive sector, PU coatings are especially valued for their UV resistance, corrosion protection, and ability to deliver a high-quality finish. According to the American Chemistry Council, plastic components such as fiber-reinforced polyurethanes can reduce weight by up to 50% compared to traditional materials, contributing to improved fuel efficiency and reduced emissions. With new U.S. regulations requiring an average of 49 miles per gallon for new vehicles by 2026, lightweight solutions are becoming increasingly important. Molded PU foam seat frames, for instance, can be up to 35% lighter than metal counterparts. These trends, along with the global rise in electric vehicle (EV) production, are significantly boosting demand for PU coatings. 

Sustainability is also reshaping the PU coatings landscape. The market is witnessing a shift toward low-VOC, water-based, and bio-based formulations, driven by stringent environmental regulations across North America and Europe. These eco-friendly alternatives are gaining traction as manufacturers respond to growing environmental and regulatory pressures.

Regionally, Asia-Pacific remains the largest market, propelled by rapid industrialization, infrastructure growth, and expanding automotive production, particularly in China, India, and Southeast Asia. Notably, China, India, and Japan together accounted for over 60% of automotive PU coating consumption in 2024. Meanwhile, North America and Europe are emphasizing innovation, investing in sustainable technologies and green chemistry to drive steady market progress.

However, the market does face challenges, including volatility in raw material costs and tightening regulations around isocyanate usage. Nonetheless, ongoing research into alternative formulations and the development of high-performance, environmentally sustainable coatings are expected to address these issues and support continued market expansion.

Key Market Drivers

Growing Demand of Polyurethane (PU) Coatings from Medical Industry

The medical industry is emerging as a significant growth driver for the global polyurethane (PU) coatings market, driven by rising healthcare demands, increased regulatory standards, and advancements in medical device technology. PU coatings are gaining broader acceptance in the industry due to their excellent biocompatibility, mechanical flexibility, long-term durability, and resistance to chemicals attributes that make them well-suited for a variety of medical applications. According to the World Health Organization (WHO), global healthcare expenditure as a percentage of GDP is projected to rise steadily, reaching approximately 6.31% by 2029, setting a new peak following seven consecutive years of growth. This growing financial commitment is leading to heightened demand for advanced, safe, and reliable medical devices.

The industry’s shift toward minimally invasive procedures has further amplified the need for coated components such as flexible catheters and guidewires. In these applications, PU coatings provide the essential combination of flexibility and biocompatibility required for patient-safe performance. For example, in October 2024, ICP DAS-BMP (Biomedical Polymers) participated in COMPAMED 2024, a leading trade fair held in Düsseldorf, Germany. At the event, the company unveiled its latest developments in medical-grade TPU materials, including the Engineering Arothane TPU (EARP series)—an aromatic polyether-based rigid TPU known for its processability, high glass transition temperature, and excellent light transmission. These properties make it ideal for orthodontic applications and precision components like Luer tapers. Also showcased was the Arothane ARP-W-G series, enriched with 40–60% tungsten for enhanced radiopacity—surpassing traditional Barium Sulfate in performance. This grade of TPU is particularly suited for coating thin-walled or small-diameter medical devices such as guidewires, owing to its fine pellet size, high fluidity, and uniform dispersion. As innovation in medical technologies continues to advance, PU coatings are expected to play an increasingly critical role in enabling safer, more efficient, and environmentally responsible healthcare solutions.

Growing Demand of Polyurethane (PU) Coatings from Automotive Industry

Polyurethane coatings offer numerous advantages in the automotive sector, such as superior corrosion protection, exceptional durability, and enhanced aesthetics. Their ability to form a strong barrier against environmental factors, including UV radiation and harsh weather conditions, ensures long-lasting performance and a pristine appearance for vehicles.

Polyurethane coatings provide excellent resistance to chemicals, abrasion, and impact, making them ideal for demanding automotive applications. This not only enhances the overall durability of vehicles but also helps to maintain their value over time. the growing demand for polyurethane coatings in the automotive industry is driven by various factors. The increasing demand for vehicles worldwide, coupled with the constant advancements in technology, necessitates the development of high-performance coatings that offer lightweight and fuel-efficient solutions.

Manufacturers are actively investing in research and development activities to create innovative polyurethane coatings that meet the specific needs and evolving requirements of the automotive industry. By continuously pushing the boundaries of technology and design, the global PU coatings market is set to experience significant growth in the coming years, further solidifying its position as a key player in the automotive sector.

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Key Market Challenges

Volatility in Price of Raw Materials

Polyurethane coatings are made from a variety of raw materials, including isocyanates, polyols, solvents, and additives. These raw materials, sourced from different suppliers and regions, are subject to price fluctuations due to various factors such as supply and demand, geopolitical issues, and weather conditions. The global market for polyurethane (PU) coatings is highly competitive, with manufacturers striving to provide high-quality products at competitive prices.

In order to manage the challenges posed by the volatility in raw material prices, manufacturers of PU coatings are adopting various strategies. One approach is to establish long-term partnerships with reliable suppliers, ensuring a consistent supply of raw materials at stable prices. This helps to mitigate the impact of sudden price hikes or shortages in the market.

Additionally, manufacturers are investing in research and development activities to explore alternative raw materials or develop more efficient manufacturing processes. By reducing the dependency on volatile raw materials, manufacturers can enhance their cost-effectiveness and improve the stability of their supply chain.

Technology plays a crucial role in addressing these challenges as well. Manufacturers are leveraging advanced analytics and supply chain management systems to optimize their procurement processes, anticipate market trends, and make informed decisions regarding raw material sourcing. This enables them to better manage their costs and mitigate the impact of price volatility on their business.

The goal for manufacturers in the polyurethane coatings industry is to ensure consistent product quality while minimizing the effects of raw material price fluctuations. By proactively addressing these challenges through strategic partnerships, research and development efforts, and technological advancements, manufacturers can navigate the volatile market landscape and maintain their competitiveness.

Key Market Trends

Shift Towards Waterborne Formulations

The polyurethane (PU) coatings industry is undergoing a notable evolution, characterized by a strategic shift from conventional solvent-based formulations to waterborne alternatives. This transition is being propelled by a mix of regulatory mandates, heightened environmental consciousness, and shifting consumer expectations toward safer and more sustainable solutions. As emissions regulations grow increasingly stringent across key markets particularly in North America, Europe, and Asia-Pacific manufacturers are intensifying efforts to develop and commercialize low-VOC and zero-VOC coatings. Demand from end-use sectors such as automotive, construction, and electronics continues to rise, with a clear emphasis on coatings that support environmental targets and comply with green building standards like LEED and BREEAM.

In line with this trend, Arkema, a global specialty chemicals leader, unveiled an expanded portfolio of sustainable solutions at the American Coatings Show in April 2024. The company introduced new PURE ASSOCIATIVE & NEWTONIAN HEUR polyurethane thickeners for water-based systems. Among them, Coapur XS 12, a Newtonian HEUR thickener, stands out for its ability to deliver high shear viscosity control with minimal impact on mid- and low-shear levels—ensuring superior film build and leveling in waterborne formulations. These ongoing technological advancements have substantially improved the performance of waterborne PU coatings, allowing them to exceed the durability, aesthetic finish, and adhesion of traditional solvent-based systems. As a result, waterborne PU technologies are becoming a preferred choice across multiple industries seeking innovation without compromising environmental responsibility.

Segmental Insights

Substrate Insights

Based on Substrate, Metal has emerged as the dominating segment in the Global Polyurethane (PU) Coatings Market in 2024. Metal surfaces are highly susceptible to corrosion and rust when exposed to moisture, chemicals, and environmental factors. This can lead to significant damage and deterioration over time. However, PU coatings, also known as polyurethane coatings, provide an effective and durable barrier against corrosion, making them a preferred and reliable choice for protecting metal substrates in various industries such as automotive, aerospace, and construction.

PU coatings offer exceptional durability and longevity, even in the harshest conditions. They are specifically designed to withstand extreme temperatures, UV radiation, and other challenging environmental factors. This exceptional resilience makes PU coatings highly suitable for metal applications that require extended service life, such as outdoor infrastructure, industrial equipment, and vehicles. Whether it's a bridge exposed to harsh weather conditions or heavy machinery operating in rugged environments, PU coatings ensure long-lasting protection.

In addition to their protective qualities, PU coatings exhibit excellent chemical resistance. They can withstand exposure to a wide range of chemicals, solvents, and corrosive substances commonly found in industrial settings and chemical processing facilities. This chemical resistance is crucial in preventing damage and maintaining the integrity of metal surfaces, ensuring optimal performance and safety.

End User Insights

Based on End User, Automotive have emerged as the fastest growing segment in the Global Polyurethane (PU) Coatings Market during the forecast period. Polyurethane coating is highly valued for its exceptional performance, including its impressive resistance to chipping and chemicals. Its rich and durable properties make it an ideal choice for various applications in the automotive industry, serving as a primer, intermediate coat, and finishing paint for automotive bodies.

The demand for automotive vehicles has been steadily increasing, leading to a rise in their production. For instance, according to the European Automobile Manufacturers’ Association, new car registrations across the EU saw a 5.1% increase in December 2024, signaling continued recovery in the automotive sector. Spain recorded the strongest growth, with registrations surging by 28.8%, while France posted a more moderate gain of 1.5%. The plug-in hybrid vehicle segment also showed positive momentum, with registrations rising by 4.9%, supported by notable growth in France (44.9%) and Germany (6.8%). As the production and consumption of automotive vehicles continue to rise, the usage of polyurethane coating in the automotive sector is expected to witness a significant surge. This, in turn, will contribute to the further growth of the polyurethane coating industry, establishing it as a vital component within the automotive domain.

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Regional Insights

Based on Region, Asia Pacific has emerged as the dominating region in the Global Polyurethane (PU) Coatings Market in 2024. The region, consisting of economies such as China, India, Australia, and Vietnam, plays a significant role in the polyurethane coating industry. These economies are major end users of polyurethane coatings, particularly in sectors like automotive, textile, and construction.

The rapid economic developments in these nations have led to increased industrial productivity. For instance, according to the International Organization of Motor Vehicle Manufacturers, China remains the world’s leading vehicle producer, with total production reaching approximately 30.2 million units in 2023. The country’s automotive landscape is dominated by the traditional "Big Four" domestic manufacturers—SAIC Motor, Dongfeng Motor Corporation, FAW Group, and Chang’an Automobile—which continue to play a central role in driving China’s large-scale vehicle production and global market influence.

Moreover, according to the report titled Apparel: Export Competitiveness of Certain Foreign Suppliers to the United States, published by the U.S. International Trade Commission in 2024, the United States remained the world’s largest single-country importer of apparel throughout the period from 2013 to 2023. In 2023 alone, the U.S. imported apparel valued at USD 79.3 billion, representing approximately 20% of total global apparel imports. The bulk of these imports continued to originate from Asia, with China and Vietnam emerging as the top two suppliers by value jointly accounting for 39% of all U.S. apparel imports that year. These statistics indicate a significant increase in productivity in textile sector. As these industries continue to grow and flourish, the demand for polyurethane coatings in their applications is expected to rise. This, in turn, will drive the positive growth of the polyurethane coating industry in Asia Pacific.

Recent Developments

  • In March 2025, Man Industries (India) Limited commissioned a new spiral pipe mill for narrow-range pipes along with a polyurethane (PU) coating facility at its Pithampur plant in Madhya Pradesh, backed by an investment of USD 11.64 million. This expansion has boosted the plant’s production capacity by 50,000 TPA, bringing the total to 150,000 TPA. The company is also actively pursuing growth in Saudi Arabia and Jammu, with new manufacturing facilities planned as part of its strategic expansion initiatives.
  • In February 2025, Covestro showcased its latest healthcare and life sciences material solutions at MD&M West in Anaheim, California. Highlights included Platilon TPU films, which enhance performance in wearables by providing a stretchable and durable substrate for printed electronics, as demonstrated in a functional pulse oximeter. Texin Rx TPU resins were featured for their strength and flexibility, making them ideal for medical tubing and dental applications, with resistance to cleaning agents and bacterial growth. Additionally, Baymedix polyurethane adhesives and foams were presented for their high breathability, strong absorption, and low-trauma removal key for medical dressing applications. Covestro also introduced skin-friendly adhesives and thermoformable foams designed for integrated electronic wearables.
  • In October 2024, Dow initiated a comprehensive strategic review of its polyurethane operations in Europe, aiming to strengthen operational efficiency and competitiveness amid a tightening economic landscape and evolving regulatory pressures.
  • In March 2024, at CHINAPLAS, BASF introduced an innovative photovoltaic (PV) frame solution, developed in collaboration with Jiangsu Worldlight New Material Co., Ltd. (Worldlight). This advanced solution integrates a polyurethane (PU) composite with a water-borne coating, delivering an 85% reduction in product carbon footprint (PCF) compared to traditional aluminum frames. The water-borne coating also achieves a 90%+ reduction in volatile organic compound (VOC) emissions, supporting cleaner production processes. In addition to being more energy-efficient to manufacture, the PU composite solution is lighter in weight and offers enhanced insulation performance, making it a sustainable and high-performing alternative to conventional materials.

Key Market Players

  • Akzo Nobel NV
  • Asian Paints Limited
  • Axalta Coating Systems, LLC
  • BASF SE
  • IVM Chemicals SRL
  • Jotun A/S
  • Polycoat Products LLC
  • PPG Industries Inc.
  • RPM International Inc.
  • The Sherwin-Williams Company

By Substrate

By End User

By Region

  • Metal
  • Ceramic
  • Composite
  • Others
  • Electronics
  • Industrial
  • Medical
  • Automotive
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Polyurethane (PU) Coatings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Polyurethane (PU) Coatings Market, By Substrate:

o   Metal

o   Ceramic

o   Composite

o   Others

  • Polyurethane (PU) Coatings Market, By End User:

o   Electronics

o   Industrial

o   Medical

o   Automotive

o   Others

  • Polyurethane (PU) Coatings Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Polyurethane (PU) Coatings Market.

Available Customizations:

Global Polyurethane (PU) Coatings Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Polyurethane (PU) Coatings Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Polyurethane (PU) Coatings Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Substrate (Metal, Ceramic, Composite, Others)

4.2.2.    By End User (Electronics, Industrial, Medical, Automotive, Others)

4.2.3.    By Region

4.2.4.    By Company (2024)

4.3.  Market Map

4.3.1.    By Substrate

4.3.2.    By End User

4.3.3.    By Region

5.    Asia Pacific Polyurethane (PU) Coatings Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Substrate

5.2.2.    By End User

5.2.3.    By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.    China Polyurethane (PU) Coatings Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Substrate

5.3.1.2.2.           By End User

5.3.2.    India Polyurethane (PU) Coatings Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Substrate

5.3.2.2.2.           By End User

5.3.3.    Australia Polyurethane (PU) Coatings Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Substrate

5.3.3.2.2.           By End User

5.3.4.    Japan Polyurethane (PU) Coatings Market Outlook

5.3.4.1.        Market Size & Forecast

5.3.4.1.1.           By Value

5.3.4.2.        Market Share & Forecast

5.3.4.2.1.           By Substrate

5.3.4.2.2.           By End User

5.3.5.    South Korea Polyurethane (PU) Coatings Market Outlook

5.3.5.1.        Market Size & Forecast

5.3.5.1.1.           By Value

5.3.5.2.        Market Share & Forecast

5.3.5.2.1.           By Substrate

5.3.5.2.2.           By End User

6.    Europe Polyurethane (PU) Coatings Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Substrate

6.2.2.    By End User

6.2.3.    By Country

6.3.  Europe: Country Analysis

6.3.1.    France Polyurethane (PU) Coatings Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Substrate

6.3.1.2.2.           By End User

6.3.2.    Germany Polyurethane (PU) Coatings Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Substrate

6.3.2.2.2.           By End User

6.3.3.    Spain Polyurethane (PU) Coatings Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Substrate

6.3.3.2.2.           By End User

6.3.4.    Italy Polyurethane (PU) Coatings Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Substrate

6.3.4.2.2.           By End User

6.3.5.    United Kingdom Polyurethane (PU) Coatings Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Substrate

6.3.5.2.2.           By End User

7.    North America Polyurethane (PU) Coatings Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Substrate

7.2.2.    By End User

7.2.3.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Polyurethane (PU) Coatings Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Substrate

7.3.1.2.2.           By End User

7.3.2.    Mexico Polyurethane (PU) Coatings Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Substrate

7.3.2.2.2.           By End User

7.3.3.    Canada Polyurethane (PU) Coatings Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Substrate

7.3.3.2.2.           By End User

8.    South America Polyurethane (PU) Coatings Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Substrate

8.2.2.    By End User

8.2.3.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Polyurethane (PU) Coatings Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Substrate

8.3.1.2.2.           By End User

8.3.2.    Argentina Polyurethane (PU) Coatings Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Substrate

8.3.2.2.2.           By End User

8.3.3.    Colombia Polyurethane (PU) Coatings Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Substrate

8.3.3.2.2.           By End User

9.    Middle East and Africa Polyurethane (PU) Coatings Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Substrate

9.2.2.    By End User

9.2.3.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Polyurethane (PU) Coatings Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Substrate

9.3.1.2.2.           By End User

9.3.2.    Saudi Arabia Polyurethane (PU) Coatings Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Substrate

9.3.2.2.2.           By End User

9.3.3.    UAE Polyurethane (PU) Coatings Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Substrate

9.3.3.2.2.           By End User

9.3.4.    Egypt Polyurethane (PU) Coatings Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Substrate

9.3.4.2.2.           By End User

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12. Global Polyurethane (PU) Coatings Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Product

14. Competitive Landscape

14.1.         Akzo Nobel NV

14.1.1.         Business Overview

14.1.2.          Company Snapshot

14.1.3.          Products & Services

14.1.4.          Current Capacity Analysis

14.1.5.          Financials (In case of listed)

14.1.6.          Recent Developments

14.1.7.          SWOT Analysis

14.2.         Asian Paints Limited

14.3.         Axalta Coating Systems, LLC

14.4.         BASF SE

14.5.         IVM Chemicals SRL

14.6.         Jotun A/S

14.7.         Polycoat Products LLC

14.8.         PPG Industries Inc.

14.9.         RPM International Inc.

14.10.      The Sherwin-Williams Company

15. Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the Global Polyurethane (PU) Coatings Market was estimated to be USD 18.26 Billion in 2024.

The automotive segment demonstrated significant growth in 2024. This is due to rising vehicle production, increasing demand for high-performance coatings, and the shift toward electric vehicles, which require lightweight, durable, and eco-friendly polyurethane-based materials for efficiency and compliance.

Asia Pacific dominated the market with a revenue share in 2024. This is due to rapid industrialization, expanding automotive and construction sectors, and strong manufacturing bases in countries like China and India, supported by favorable government policies and increasing investment in infrastructure and production.

Growing Demand of Polyurethane (PU) Coatings from Medical Industry and Growing Demand of Polyurethane (PU) Coatings from Automotive Industry are the major drivers for the Global Polyurethane (PU) Coatings Market.

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