Polyurethane Powder Coatings Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Polyurethane refers to a polymer that is composed of organic units, joined by carbamate inks. Most of the polyurethanes do not melt on heating. Powder is a dry, bulk solid consisting of a large number of fine particles that flow freely on being shaken or tilted. The coating is a covering applied on the surface of an object, usually referred to as a substrate. Polyurethane powder coatings are coatings that proffer high abrasion, chemical resistance, and a better finish on plastic components. These coatings find huge application in the automotive industry owing to their high performance, style, reliability, strength, safety, and competitive pricing.

MARKET DYNAMICS

An upsurge in the use of plastics in the automotive sector drives the growth of the polyurethane powder coatings market. Besides this, the incrementing demand from the building and construction industry also is responsible for driving the market growth. However, increasing raw material price hampers the fruitful development of the polyurethane powder coatings market. Active development of powder-based polyurethane coatings is anticipated to bolster the growth of the polyurethane powder coatings market in the near future.

MARKET SCOPE

The "Global Polyurethane Powder Coatings Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyurethane powder coatings market with detailed market segmentation by coating type, end use industry and geography. The global polyurethane powder coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyurethane powder coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global polyurethane powder coatings market is segmented on the basis of coating type, end use industry and geography. On the basis of coating type the market classify into protective coating and uv curing powder coating. The market as per end use industry is broken into aerospace, automotive, building & construction, furniture & manufacturing, marine and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyurethane powder coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the polyurethane powder coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyurethane powder coatings market in these regions.

MARKET PLAYERS

The reports cover key developments in the polyurethane powder coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyurethane powder coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for polyurethane powder coatings market in the global market. Below mentioned is the list of few companies engaged in the polyurethane powder coatings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyurethane powder coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Aexcel Corporation
•  Akzo Nobel NV
•  Axalta Coatings Systems
•  BASF SE
•  Carpoly Chemical Group Co. Ltd
•  Kansai Paint Co., Ltd.
•  Nippon Paint Holdings Co. Ltd.
•  The Jotun Group
•  The Sherwin Williams Company
•  Yung Chi Paint & Varnish Mfg. Co. Ltd

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Polyurethane Powder Coatings Report Scope