NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The polyurethane coatings market is set to grow by USD 8.22 billion from 2020 to 2025, at a CAGR of  5.91% according to the latest research report from Technavio. 47% of the market's growth will originate from APAC & China and Japan are the key markets for polyurethane coatings in the region. The increasing application of polyurethane coatings on wood will facilitate the polyurethane coatings market growth in APAC over the forecast period.

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The polyurethane coatings market covers the following areas:

• Polyurethane Coatings Market Sizing
• Polyurethane Coatings Market Forecast
• Polyurethane Coatings Market Analysis

The polyurethane coatings market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market is driven by growing demand from the transportation industry. However, challenges such as environmental regulations may impede market growth.

The polyurethane coatings market analysis includes segmentation by end-user (wood and furniture, automotive, transportation, electrical and electronics, and others) and geography (APAC, Europe, North America, South America, and MEA). The polyurethane coatings market share growth by the wood and furniture segment has been significant for revenue-generating among end-users. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

The polyurethane coatings market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Akzo Nobel NV
• American Polymers Corp.
• Axalta Coating Systems Ltd.
• BASF SE
• Covestro AG
• IVM Chemicals Srl
• Jotun AS
• PPG Industries Inc.
• RPM International Inc.
• The Sherwin-Williams Co.

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SOURCE Technavio