Global polyurethane coatings or achieve rapid market growth in the next few years
According to the US RAM (Researchand Markets), a new market research report analysts, the next few years, the global polyurethane coating (PU coating) to achieve rapid growth.
Polyurethane coatings including solvent-based polyurethane coatings, waterborne polyurethane coatings, high solids polyurethane coatings and polyurethane powder coatings. Polyurethane coatings terminal market automotive transportation, wood, furniture, industrial, construction, textile and electrical and electronic industry.
The automotive industry and shipbuilding polyurethane coatings market growth in the future the most important factor. Around polyurethane coating undertaken a variety of technical research and development to promote the application of polyurethane coatings product range continues to expand, its growth also appeared in the form of “permeability” of development. In the traditional high-end industries, polyurethane coatings usefulness has been verified.
At present, the Asia-Pacific region remains the largest regional share of global consumption of polyurethane coatings, according to 2012 statistics, the Asia-Pacific polyurethane coating consumption accounts for about half of total global consumption. Expected 2014–2018 polyurethane coatings market in Asia-Pacific will be 8 percent compound annual growth rate to achieve stable growth. China is the largest country in the global consumption of polyurethane coatings.
Automotive and transport sectors as the polyurethane coating largest end consumer market, the future annual compound growth rate will reach 6.5%.
Analysts said the performance of different polyurethane coatings division, the next construction and electrical and electronics industry will become the fastest growing market of polyurethane coatings field.
Currently, the global polyurethane coatings market’s main competitors include Akzo Nobel (Netherlands), PPG Industries, Inc. (USA), Sherwin (USA), axalta coating system (United States), and BASF SE (Germany).