AkzoNobel N.V., and PPG Industries are top two players in Polyurethane Coating Market

The report, "PU Coating Market by Type (Solvent-borne, Water-borne, High Solids, Powder), End Industry (Automotive & Transportation, Wood & Furniture, Industrial, Textile, Construction, Electrical & Electronics) & Geography - Trends & Forecasts to 2018" defines and segments the global PU Coating market with an analysis and forecasting of the global consumption volume and value.

Browse more than 76 market data tables with 31 figures spread through 184 pages and in-depth TOC on "PU Coating Market by Type (Solvent-borne, Water-borne, High Solids, Powder), End Industry (Automotive & Transportation, Wood & Furniture, Industrial, Textile, Construction, Electrical & Electronics) & Geography - Trends & Forecasts to 2018".

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"Asia-Pacific: The Biggest Market of PU Coating"

Asia-Pacific is the world’s largest and fastest-growing market of PU coating, which consumed nearly half of the total demand. China is the key consumers of PU coating in Asia-Pacific, while countries including Japan, South Korea and India have comparatively small consumption levels. Automotive & Transportation and Wood & Furniture end industries segments are driving the demand for PU coating, which in turn is pushing the demand for PU coating within the region.

The growing industrial expansions in the region have also led to increased consumption of PU coating. The PU coating market is also up surging due to high penetration of water-borne PU coating and 1-K PU coating systems which have further helped the PU coating market to emerge in the region. Various innovations, developments, and expansions in different industries have in turn made the region a potential growth market for PU coating.

"Water-Borne PU Coating: The Fastest Growing Segment by Type"

Water-borne PU coatings use water as a base for the solvent, which makes them eco-friendly and easy to apply. Water-borne PU coating is consumed in all the end industries and for all the applications like metal coating, plastic coating, wood coating, fiber coating and others. Water-borne PU coating is the fastest growing PU coating with a CAGR of 7.4% to 2018.

The major growth driver for water-borne PU coating is its low VOC content which makes it a preferable coating material in various industries. The water-borne PU coating market has a wide scope for its expansion which in turn would help in increasing consumption of PU coating. Solvent-borne PU coating remains the dominant PU coating type and is expected to be the largest in coming future.

Asia-Pacific leads in the consumption of PU coating. The consumption of PU coating in the other regions is industry specific. Solvent-borne PU coating share a large consumption both in the Asia-Pacific and ROW region. The consumption of PU coating in automotive & transportation industry is dominating in all the regions.

The growth of fast developing countries in the Asia–Pacific assures innovation and increase in consumption of PU coating. Also, increasing purchasing power in the developing countries and need for high performance products may add to the high demand in the future.

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Competitive scenarios of top players in the PU coating market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include: AkzoNobel N.V. (The Netherlands), PPG Industries (U.S), Sherwin Williams (U.S), Axalta Coating Systems (U.S.), and BASF SE (Germany).

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