DUBLIN, Apr. 24, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/w9lrph/pu_coating_market) has announced the addition of the "PU Coating Market by Type, End Industry & Geography - Trends & Forecasts to 2018" report to their offering.
PU coating is one of the basic types of coating which has witnessed a significant growth in the past few years and this growth is expected to continue in the coming years. Polyurethane coating is mainly made available on the basis of technology: solvent-borne PU coating, water-borne PU coating, high solids PU coating, and PU powder coating. Major-end industries served by polyurethane coating are automotive & transportation, wood & furniture, industrial, construction, textile, and electrical & electronics.
The demand for PU coating is majorly driven by factors such as; continuous enlarging automotive and shipbuilding industry and increasing trend of water-borne polyurethane coating to make it exploitable for various other applications. Further technological innovations are expected to increase the market penetration of PU coating and make it suitable for numerous other applications. The effectiveness of polyurethane coating in traditional end industries has always been a promising factor for its growth over a long run.
Asia-Pacific is currently the largest consumer of PU coating, which consumed nearly half of the total PU coating consumption in 2012 and is expected to grow at a CAGR of 8.0%. China is the leading consumers of polyurethane coating, holding a major share in regional volumetric consumption in 2012. The polyurethane coating market for ROW is comparatively low, but is anticipated to show the highest growth rate from 2013 to 2018.
Automotive & transportation industry with a CAGR of 6.5% is the biggest end industry consuming PU coating owing to the distinguishing properties of the material where as the fastest growing consumer of polyurethane coating is the construction and electrical & electronics industry. AkzoNobel N.V. (The Netherlands), PPG Industries (U.S.), Sherwin Williams (U.S.), Axalta Coating Systems (U.S.), and BASF SE (Germany) are major manufacturers of PU coating.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 PU Coating Market, By Type
6 PU Coating Market, By End Industry
7 PU Coating Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Akzo Nobel N.V.
- Asian Paints Limited
- Axalta Coating Systems
- Basf Se
- Bayer Materialscience
- Jotun A/S
- PPG Industries
- RPM International Inc
- Sherwin Williams
- Valspar Corporation
For more information visit http://www.researchandmarkets.com/research/w9lrph/pu_coating_market
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets