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Europe Waterborne Polyurethane Coatings Market Size (2024 - 2029)

The Europe Waterborne Polyurethane Coatings market is anticipated to experience growth driven by the expanding European wood furniture industry, despite challenges posed by a declining automotive sector and the impacts of the COVID-19 pandemic. The market's expansion is further supported by opportunities arising from the development of lignin-based polyurethanes. The automotive industry is projected to lead in market share due to the increasing demand for polyurethane-based coatings in applications requiring high film appearance and resistance, such as automotive refinishing and original equipment manufacturing. Regionally, Germany is expected to hold a significant portion of the market share due to rising consumption across various end-user industries.

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Market Size of Europe Waterborne Polyurethane Coatings Industry

Europe Waterborne Polyurethane Coatings Market - Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 5.00 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Waterborne Polyurethane Coatings Market Analysis

The Europe Waterborne Polyurethane Coatings market is expected to grow at a CAGR of over 5% during the forecast period. Major factor driving the market studied is consistent growth registered by the European wood furniture industry. On the flipside, declining automotive industry and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.

  • Development of lignin-based polyurethanes is expected to offer various lucrative opportunities for the growth of market.
  • In terms of the end-user industry, the automotive sector is expected to dominate the market owing to increasing usage of polyurethane-based coatings in application fields that require high film appearance and resistance, as in automotive car refinishings and OEMs.
  • Based on consumption, Germany is expected to dominate the regional market due to increasing consumption from various end-user industries.

Europe Waterborne Polyurethane Coatings Industry Segmentation

The europe waterborne polyurethane coatings market report includes:

Form
One Component (1K)
Two Component (2K)
End-user Industry
Automotive
Transportation
Buiding & Construction
Electricals & Electronics
Wood & furniture
Other End-user Industries
Country
Germany
Poland
United Kingdom
France
Italy
Spain
Nordic Countries
Benelux
Russia
Rest of Europe
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Europe Waterborne Polyurethane Coatings Market Size Summary

The Europe Waterborne Polyurethane Coatings market is poised for significant growth, driven primarily by the robust expansion of the European wood furniture industry. This growth is supported by the increasing demand for eco-friendly and high-performance coatings that offer superior elasticity and resistance, making them ideal for applications in wood and furniture. Despite challenges such as the declining automotive sector and the lingering impacts of the COVID-19 pandemic, the market is expected to benefit from innovations like lignin-based polyurethanes. The automotive industry, in particular, is anticipated to remain a dominant end-user, leveraging the coatings' properties for automotive refinishing and original equipment manufacturing. Germany is projected to lead the regional market, fueled by its strong industrial base and increasing consumption across various sectors.

The market landscape in Europe is characterized by a consolidated structure, with major players like BASF SE, Akzo Nobel N.V., and PPG Industries Inc. holding significant market shares. These companies are instrumental in driving the adoption of waterborne polyurethane coatings, which are favored for their environmental benefits and versatility in applications ranging from office and kitchen furnishings to marine interiors and waterproofing solutions. The German economy, despite recent challenges, continues to support the market's growth through its manufacturing and transportation sectors, which are seeing increased demand for coatings. Government initiatives and projects further bolster the market, particularly in Germany, where infrastructure and marine construction are on the rise.

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Europe Waterborne Polyurethane Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Consistent Growth Registered by the European Wood Furniture Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Declining Automotive Industry

      2. 1.2.2 Impact of COVID-19

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Form

      1. 2.1.1 One Component (1K)

      2. 2.1.2 Two Component (2K)

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Transportation

      3. 2.2.3 Buiding & Construction

      4. 2.2.4 Electricals & Electronics

      5. 2.2.5 Wood & furniture

      6. 2.2.6 Other End-user Industries

    3. 2.3 Country

      1. 2.3.1 Germany

      2. 2.3.2 Poland

      3. 2.3.3 United Kingdom

      4. 2.3.4 France

      5. 2.3.5 Italy

      6. 2.3.6 Spain

      7. 2.3.7 Nordic Countries

      8. 2.3.8 Benelux

      9. 2.3.9 Russia

      10. 2.3.10 Rest of Europe

Europe Waterborne Polyurethane Coatings Market Size FAQs

The Europe Waterborne Polyurethane Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

BASF SE, Akzo Nobel N.V., PPG Industries Inc., Jotun and Axalta Coating Systems are the major companies operating in the Europe Waterborne Polyurethane Coatings Market.

Europe Waterborne Polyurethane Coatings Report Snapshots

Europe Waterborne Polyurethane Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)