Polyurethane (PU) Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Polyurethane (PU) Coatings Market Report is Segmented by Technology (powder, Solvent-Borne, Water-Borne, and Radiation-Cured), End-User Industry (automotive, Transportation, Construction, Electrical and Electronics, Wood and Furniture, and Other End-User Industries (aerospace, Industrial, and Textile)), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers Market Size and Forecasts for Polyurethane (PU) Coatings in Terms of Value (USD) for all the Above Segments.

Polyurethane (PU) Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Polyurethane Coatings Market Size

Polyurethane Coatings Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 22.00 Billion
Market Size (2030) USD 26.76 Billion
CAGR (2025 - 2030) 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Polyurethane Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Polyurethane (PU) Coatings Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Polyurethane Coatings Market Analysis

The Polyurethane Coatings Market size is estimated at USD 22.00 billion in 2025, and is expected to reach USD 26.76 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).

The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic scenario, several countries around the world went into lockdown. It halted all manufacturing and construction activities, thus creating a negative impact on the demand for polyurethane coatings. However, the condition recovered, thereby restoring the growth of the polyurethane coatings market.

  • The construction industry is driving the market's growth as PU coatings are used as exterior coatings, interior coatings, flooring, roofing, and insulation. Moreover, the increasing popularity of lightweight construction materials such as wood and metal is also driving the PU coatings market.
  • The prices of raw materials used in the production of PU coatings, such as isocyanates and polyols, are volatile and can fluctuate significantly. It can impact the profitability of PU coatings manufacturers.
  • In addition, PU coatings are being used to coat medical devices, such as implants and catheters. They are also being used to make medical devices more biocompatible.
  • Asia-Pacific holds the major share in the consumption of polyurethane coatings. The region is also expected to witness the fastest growth during the forecast period.

Polyurethane Coatings Industry Overview

The polyurethane coatings market is consolidated in nature. The major players (not in any particular order) include Akzo Nobel NV, Jotun, Axalta Coating Systems, PPG Industries Inc., and The Sherwin-Williams Company, among others.

Polyurethane Coatings Market Leaders

  1. Akzo Nobel N.V.

  2. The Sherwin-Williams Company

  3. Jotun

  4. PPG Industries, Inc.

  5. Axalta Coating Systems

  6. *Disclaimer: Major Players sorted in no particular order
Polyurethane Coating Market Concentration
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Polyurethane Coatings Market News

  • October 2023: SKC sold its 100% shares of SK pucore, a polyurethane manufacturer, to Glenwood Private Equity, a Seoul-based private equity firm. SKC (petrochemical subsidiary) sold to a private equity firm at the price of KRW 410.3 billion (USD 304.1 million) in a bid to streamline its portfolio with a focus on semiconductor and EV battery materials.
  • August 2023: Covestro began production of polyurethane elastomer systems in its new Shanghai plant. The investment is in the double-digit million Euro range. It is part of a series of investments in the elastomer's raw materials taken by the business in the past years with sites in Thailand and Spain.

Polyurethane Coatings Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from the Construction Industry
    • 4.1.2 Increase in Demand from the Automotive Industry
    • 4.1.3 Growing Demand from the Transportation Industry
  • 4.2 Restraints
    • 4.2.1 Volatile Raw Material Prices
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Technology
    • 5.1.1 Powder
    • 5.1.2 Solvent-borne
    • 5.1.3 Water-borne
    • 5.1.4 Radiation Cured
  • 5.2 End-user Industry
    • 5.2.1 Automotive
    • 5.2.2 Transportation
    • 5.2.3 Construction
    • 5.2.4 Electrical and Electronics
    • 5.2.5 Wood and Furniture
    • 5.2.6 Others End-user Industries (Aerospace, Industrial, and Textile)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share(%)**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Akzo Nobel NV
    • 6.4.2 Asian Paints
    • 6.4.3 Axalta Coating Systems
    • 6.4.4 BASF SE
    • 6.4.5 IVM Chemicals SRL
    • 6.4.6 Jotun
    • 6.4.7 Polycoat Products
    • 6.4.8 PPG Industries Inc.
    • 6.4.9 RPM International Inc.
    • 6.4.10 The Sherwin-Williams Company
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 New applications for PU coatings in Aerospace and Medical Industries
  • 7.2 Development in Integration of Nanotechnology and PU coatings
**Subject to Availability
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Polyurethane Coatings Industry Segmentation

Polyurethane coatings form tough, chemically resistant coatings and make good, high-gloss cosmetic finishes. They include good abrasion and impact resistance and are particularly useful in high-wear areas.

The global polyurethane coatings market is segmented by technology, end-user industry, and geography. By technology, the market is segmented into powder, solvent-borne, water-borne, and radiation-cured. By end-user industry, the market is segmented into automotive, transportation, construction, electrical and electronics, wood and furniture, and other end-user industries(aerospace, industrial and textiles). The report offers the market size and forecasts for major countries across 15 major regions. For each segment, market sizing and forecasts are done on the basis of value (USD).

Technology Powder
Solvent-borne
Water-borne
Radiation Cured
End-user Industry Automotive
Transportation
Construction
Electrical and Electronics
Wood and Furniture
Others End-user Industries (Aerospace, Industrial, and Textile)
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polyurethane Coatings Market Research FAQs

How big is the Polyurethane Coatings Market?

The Polyurethane Coatings Market size is expected to reach USD 22.00 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 26.76 billion by 2030.

What is the current Polyurethane Coatings Market size?

In 2025, the Polyurethane Coatings Market size is expected to reach USD 22.00 billion.

Who are the key players in Polyurethane Coatings Market?

Akzo Nobel N.V., The Sherwin-Williams Company, Jotun, PPG Industries, Inc. and Axalta Coating Systems are the major companies operating in the Polyurethane Coatings Market.

Which is the fastest growing region in Polyurethane Coatings Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Polyurethane Coatings Market?

In 2025, the Asia Pacific accounts for the largest market share in Polyurethane Coatings Market.

What years does this Polyurethane Coatings Market cover, and what was the market size in 2024?

In 2024, the Polyurethane Coatings Market size was estimated at USD 21.12 billion. The report covers the Polyurethane Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Polyurethane Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Polyurethane Coatings Industry Report

The Polyurethane (PU) Coatings Market Report provides a comprehensive industry overview, detailing the market size, market share, and market segmentation across various end-user industries such as automotive, transportation, construction, electrical and electronics, and wood and furniture. This industry report highlights the significant market trends and industry statistics, offering a detailed industry analysis and market forecast.

The market outlook for polyurethane coatings is positive, with a notable market growth rate anticipated. Key market leaders in the industry are expected to drive this growth, supported by advancements in technology such as powder, solvent-borne, water-borne, and radiation-cured coatings. The report example includes a thorough market review, market predictions, and insights into market value.

The industry research delves into the regional segmentation, covering Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa. This market research provides valuable industry information and market data, essential for understanding the market dynamics and future industry trends.

The report pdf, available for download, includes an in-depth market analysis and industry outlook, offering a clear view of the market forecast and market growth. Research companies can benefit from the detailed industry reports and industry sales data provided, which are crucial for strategic planning and decision-making.

Overall, this industry report serves as a vital resource for stakeholders, providing a detailed market overview and comprehensive insights into the polyurethane coatings market.