The Global Polyurethane Resin Industrial Coatings Market Size Is Expected To Grow At A CAGR Of 4.5% From 2022 To 2030.
Polyurethane Resin Industrial Coatings Market Overview:
Industrial coatings are thin films applied to steel, concrete and other materials to improve certain properties including corrosion resistance, wear resistance and electrical conductivity. Epoxies, polyurethanes, acrylics, alkyds, polyesters and fluoropolymers are some of the polymers commonly used in industrial coatings. Performance in end-user segments such as protection, automotive, aerospace, marine, wood, packaging, coil, rail and general industrial equipment is critical to the industrial coatings market. Industrial coating products are now sold with multiple annual corrosion warranties due to improved coating performance.
Manufacturers are always introducing new products to the market with green features and improved performance. The coating now uses a different technology than previously used, which is solvent-based. The introduction of new technologies has greatly improved coating performance. Polyurethane resins are formed when alcohols, called polyols, combine with isocyanates when appropriate additives and catalysts are added. Due to the wide variety of diisocyanates and polyols that can be used to make polyurethane resins, the applications of polyurethane resins are wide and varied, covering a wide range of industries.
Powder coatings are characterized by good flow, minimal edge formation, and consistent material distribution throughout the powder mix. It can be used for decorative, protective or optical coatings. Powder coating, on the other hand, gives a metal object a thick finish. Thin finishes are difficult to obtain with conventional powder coatings as the polymer may have an uneven texture when thickened. The hue and opacity of powder coating pigments must be correlated for successful application in thin films. Polyurethane resin is the first choice for film production because of its flowability and physical properties and cost savings. Substrate smoothness and wetting are major concerns in thin film powder coating applications. Making a film that looks like it was made with a wet paint system is difficult.
Polyurethane Resin Industrial Coatings market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Polyurethane Resin Industrial Coatings market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Market Segments Covered in Polyurethane Resin Industrial Coatings Industry Research:
Market Key Players:
BASF, Wacker Chemie, Nippon Paints, Henkel, Teknos, Akzo Nobel, DAW, Sika, PPG Industries, Beckers, Meffert, Helios, Ostendorf, Jotun, Atlana, Tikurilla, Hempel Marine Paints, And Others.
- Solvent Based Coating, Waterborne Coating,
- Aerospace, Automotive, Marine, Packaging, Other
Based on regional analysis, the North American market is expected to account for the largest revenue share of the global market during the forecast period. The rapid growth of the construction industry in the countries of the region has led to an increase in the use of these resins for construction purposes and is expected to drive the market revenue growth. Rising demand for non-woven hygiene products in North America is another factor contributing to the increase in demand for polyurethane resins, which is expected to drive the revenue growth of the polyurethane resins market. Increasing demand for lightweight, easy-to-handle, and durable paint applicators is also expected to drive revenue growth of the polyurethane resin market in North America. Growing demand for polyurethanes in lamination and coatings for furniture and wooden flooring is another factor expected to drive the growth of polyurethane resins market revenue.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
The relationship between the structural characteristics of a diisocyanate and a polyol is that it offers a variety of applications and is customized for manufacturers. From soft induction coatings to hard construction materials, polyurethanes have different properties. Materials can be enhanced by manipulating raw materials and adding different nanomaterials and additives to produce polyurethanes for almost any application. This is increasing its demand and is expected to drive market revenue growth in the near future. Urethane-based adhesives provide very good bond strength, while urethane-based adhesives provide excellent sealability. It also features cut and tear resistance while being used in applications that increase its demand and are expected to drive market revenue growth.
Moreover, growing number of small handicraft e-commerce businesses selling various gift and home decoration products has increased the demand for these resins, which is expected to drive market revenue growth. , these resins are widely used in repairing everyday objects due to their adhesive properties. For example, cracked or shattered glass and ceramics can be repaired with such resins. Polyurethane resins are also used to maintain and strengthen these items to prolong their life. Moreover, the increasing adoption of polyurethane as a coating applied on one side of the base fabric is expected to increase the demand for polyurethane resins in the textile industry. These resins are extremely durable with high resistance to moisture, heat and light. Polyurethane resin plastics are also suitable for high-traffic commercial packaging applications. This is another factor that is expected to drive the growth of the market revenue between 2022 and 2030. Moreover, these chemical additives can also improve abrasion resistance, hydrolysis resistance, flame retardancy, light resistance, and cleaning properties, which are some of the other factors expected to drive market growth in the near future.
Polyurethane is widely used in many applications such as bedding, building insulation, footwear, and paint, which increases its use in various applications. The resin releases toxic fumes when inhaled, which can lead to various health complications. People who are overly exposed to polyurethane can experience health problems, including allergic reactions, rashes, difficulty breathing, loss of consciousness, and even blindness. Also, if polyurethane foam comes into contact with the eyes or skin, the area needs to be cleaned and washed thoroughly immediately to avoid health problems. Such complications are expected to restrain the growth of the market.
Additionally, these products emit odors and fumes, although they are not noticeable. Petroleum-based chemicals and flame retardant vapors can cause physical problems; especially in the case of mattresses and paintings, they become uncomfortable. Prolonged exposure to this odor can make patients sick. Woodworkers who use polyurethane finishes can also smell the fumes. These are some of the other factors that may hamper the growth of the market revenue.
Polyurethane Resin Industrial Coatings Market report scope:
Solvent Based Coating, Waterborne Coating,
Aerospace, Automotive, Marine, Packaging, Other
BASF, Wacker Chemie, Nippon Paints, Henkel, Teknos, Akzo Nobel, DAW, Sika, PPG Industries, Beckers, Meffert, Helios, Ostendorf, Jotun, Atlana, Tikurilla, Hempel Marine Paints
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
Key Takeaways from this Polyurethane Resin Industrial Coatings Report
- Estimate Polyurethane Resin Industrial Coatings market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Polyurethane Resin Industrial Coatings market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
What are the key types of Polyurethane Resin Industrial Coatings market?
Solvent Based Coating, Waterborne Coating,
What are the key applications of Polyurethane Resin Industrial Coatings market?
Aerospace, Automotive, Marine, Packaging, and Other
Who are the key players in Polyurethane Resin Industrial Coatings market?
BASF, Wacker Chemie, Nippon Paints, Henkel, Teknos, Akzo Nobel, DAW, Sika, PPG Industries, Beckers, Meffert, Helios, Ostendorf, Jotun, Atlana, Tikurilla, Hempel Marine Paints, And others.