According to a latest research report released by the market research company Market Research Future, the global polyurethane coating market consumption is expected to reach 3.7812 million tons by 2023. Between 2016 and 2023 With a compound annual growth rate of 7.3%, it will also grow significantly in terms of market value.
Market Highlights
The polyurethane coatings market is driven primarily by growing demand from the automotive industry in Asia Pacific and regions such as North America, Europe, and the Middle East. In addition, growing demand from the construction and aerospace industries will also drive the growth of the polyurethane coatings market. On the other hand, increasingly stringent environmental safety regulations are expected to restrict the growth of this industry due to potential issues with human health hazards of polyurethane coatings.
In addition, because polyurethane coatings are flexible, tough and performance-improving products, they are particularly suitable for protecting electronic circuits. At the same time, the product has excellent mechanical and dielectric properties and provides a strong coating with high wear resistance properties.
Segmentation analysis
• The global polyurethane coatings market can be segmented on the basis of technology segments and end-use segments. According to the technical field, it can be divided into solvent type, water-based, spray type, powder type (solid, acrylic modified), etc. Among these technical fields, water-based polyurethane coating is the most important development direction because it can be applied to many fields such as plastic coatings, wood coatings, metal coatings, and fabric coatings. The most important factor driving the development of waterborne polyurethane coatings is its low volatile organic chemical (VOC) content, which makes it a better coating choice among environmentally friendly alternatives in various end-use areas, and thus drives the development of polyurethane coatings. The growth of overall market consumption.
• By end application field, the global polyurethane coatings market can be divided into automotive coatings, aerospace coatings, household appliance coatings, architectural coatings, electronic product coatings, etc., in addition to Transportation coatings, textile coatings, etc. Automotive coating applications dominate all fields, and polyurethane coatings can provide a range of features such as durability, scratch resistance, high gloss and corrosion resistance to the appearance of automotive goods.
• In the construction industry, polyurethane coatings are also used in floors, coatings and adhesives. In addition, polyurethane coatings are also used in the production of medical gloves and the manufacture of furniture products.
() is deeply involved in the segmented industry of polyurethane raw materials – amine catalysts; it develops and manufactures various types of amine catalysts; main products: A-33|33LV| CS90|C225 |GSY9727|SMP|Z-131| Solid amine, etc., suitable for sponge, molding, high resilience, self-skinning, PU toys and various hard foam and semi-rigid foam and other end products.
