Global Polyurethane Resin Coatings Market, by Application (Oil-Rig Towers, Heat Resistant Coatings,

Published Date: | Report Code : CH194990

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The Polyurethane Resin Coatings Market is expected to promise high growth owing to increasing demand from the marine and automotive industries in recent years. Increasing demand from application for construction, paint & coating, marine, automotive, oil & gas and others of key developments by major companies including BASF SE, Sherwin Williams, Henkel, Lubrizol, DSM, Arkema and others with a focus on organic as well as inorganic growth strategies.  Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Polyurethane Resins are the chemical products that are produced by the reaction between an organic di-isocyanate and polyalcohol. Their properties include toughness, easy cleaning, durability and high gloss. These resins are generally inert with most of the chemicals and thus help to protect the surfaces on which they are applied. These resins are extensively used in surface coatings and are extensively used in industries like automotive, construction, carpentry, etc. for coating purposes.

Segment Insights:

The growth of the marine industry and increased demand for wooden products are the key factors for the growth of the global polyurethane resin coatings market. Growing construction activities throughout the globe have also positively affected the market growth. The widespread growth of the automobile industry due to increased demand has also directly benefited the growth of the global polyurethane resin coatings market.

Some of the key Impact Factors:

  • The growth of marine and automotive industries
  • Growth in construction activities and increasing awareness
  • Availability and cost factor

Regional Analysis:

On the basis of the region, the polyurethane resin coatings market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the polyurethane resin coatings market during the forecast period. This demand is with regards to the growth of major end-use industries such as construction, paint & coating, marine, automotive, oil & gas, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for polyurethane resin coatings market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the polyurethane resin coatings market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered:  BASF SE, Sherwin Williams, Henkel, Lubrizol, DSM, Arkema….

Market Segmentation:

By Application:

  • Oil-rig towers
  • Heat resistant coatings
  • Exterior
  • Interiors
  • Others

By End-Use Industry:

  • Paint & coating
  • Marine
  • Automotive
  • Oil & Gas
  • Construction
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Application
    • By End-Use Industry

Reasons to buy this report:

  • Market size estimation of global polyurethane resin coatings market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet the specific requirements:

  • By segment
  • By sub-segment
  • By region/country

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