Polyurethane Powder Coating Market - Forecast(2021 - 2026)

 Polyurethane Powder Coating Market size is forecast to reach $16.45 billion by 2025 after growing at a CAGR of 6% during 2020-2025. Polyurethane powder coatings are surface coatings that have organic units of carbamate (or urethane) links or even thermoplastic polyurethanes. Polyurethane powder coatings have numerous advantages over other coatings such as lower operating costs, immediate availability, excellent appearance, and uniform thickness. Rising demand from the building & construction industry and growing usage of Polyurethane powder coating in the automotive sector are expected to drive the market growth.

• Request Sample

Report Coverage

The report: “Polyurethane Powder coatings Market - Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the polyurethane powder coatings Industry. 

By Application: Consumer Goods, Electrical, Architectural, General Industries, Furniture Manufacturing, Agricultural Equipment’s, Appliances, Medical Equipment’s, Tools, Wood, and Others.

By End Use Industry: Automobile, Aerospace, Building and Construction, Marine, and Others

By Geography: North America, South America, Europe, APAC, and RoW.

• Inquiry Before Buying

Key Takeaways

• Asia-Pacific dominates the polyurethane powder coatings market owing to increasing demand from growing automotive industry in the region.
• Active development of powder-based polyurethane coatings is projected to act as an opportunity for the market’s growth in the future.
• Rise in prices of raw materials are likely to hinder the market growth of polyurethane powder coatings.
• 
  

• Schedule a Call

By Application- Segment Analysis

The consumer goods application segment held the largest share in the Polyurethane powder coatings market in 2019. Growing purchasing power, high standard of living, and rapid urbanization are expected to drive demand for polyurethane powder coatings in consumer goods over the forecast period. The use of polyurethane powder coatings is predominant in consumer goods as these are protective coating do not contain solvents and exhibit higher flexibility than conventional liquid coatings, and comply with environmental regulations. Electrical segment is the second largest segment in polyurethane powder coatings market. From panel boards, enclosures, light fixtures, street light post, poles, ceiling fans, switch boxes and almost every products from electrical industry is coated on polyurethane powder coatings. Asia Pacific was the largest region in the electrical equipment manufacturing market, accounting for 41% of the market in 2018. Therefore, electrical application segment will drive demand of polyurethane powder coating near future.

By End Use Industry- Segment Analysis

Automotive sector has been the primary market of polyurethane powder coating in 2019 growing at CAGR of 7.3%. Today automotive industry has become one of the most consuming industries of polyurethane powder coatings. The manufacturers of automotive products like oil filters, bumpers, grills, alloy wheels, chassis, steering, cycles are some of the major consumers of polyurethane powder coatings. 

The growth of the polyurethane powder coatings market can be attributed to the rise in production of light commercial vehicle. According to International Organization of Motor Vehicle Manufacturers the total production of automobile (commercial as well as Personal) in Asia-Pacific in the year 2018 was 52,449,078 units compare to 53,395,211 units in 2017. The increase in the global automobile production is a major factor leading to the growth of polyurethane powder coatings in terms of volume across the globe. 

Buildings and Construction Sector is the second major market of polyurethane powder coatings in 2019. The polyurethane powder coatings is more durable and aesthetic. Some specific range of products provides with five years durability to somewhat extended to ten years, when the coatings has been done as per the recommendations. These polyurethane powder coatings are highly consumed by aluminum decorators, structural fabricators, and architectural steel design. The growth of polyurethane powder coatings can be taken as directly proportional to the growth of building and construction industry. 

We also publish more than 100 reports every month in "Chemicals and Materials”, Go through the Domain if there are any other areas for which you would like to get a market research study."