Polyurethane Coating Market - Trends & Forecasts to 2018

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•Polyurethane Coating Market •Trends & Forecasts to 2018 http://www.marketsandmarkets.com/Market-Reports/polyurethane-coatings-market-108831606.html

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Polyurethane coating is a polymer consisting of a chain of organic units joined by urethane links which is a result of the reaction between an isocyanate component and a resin blend made with only hydroxylcontaining resins. Polyurethane coating chemistry is based on the combination of polyisocyanates mainly TDI and MDI with polyols such as polyesters, polyacrylates, and polyethers. There are various types of PU coatings based on various technologies such as solvent-borne polyurethane coating, water-borne PU coating, high solids PU coating and PU powder coating used in various end industries like automotive & transportation, wood & furniture, industrial, construction, textile, and electrical & electronics.

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The polyurethane (PU) coating market growing at a CAGR of 5.4% is expected to generate global revenue of $18,669.0 million by 2018.

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•The polyurethane (PU) coating market is experiencing healthy growth which is expected to continue in the near future, majorly driven by the growing purchasing power and greater economic growth in Asia-Pacific. A significant amount of innovations are made by various market players in order to be prepared to serve the high potential end-use industries in future.

Asia-Pacific is the major PU coating market, which accounted for nearly half of the total global demand in 2012. The region is further expected to show quite high growth in future, mainly due to its growing domestic demand. http://www.marketsandmarkets.com/Market-Reports/polyurethane-coatings-market-108831606.html

•The demand for PU coating is majorly driven by factors such as; continuous enlarging automotive and shipbuilding industry and increasing trend of waterborne polyurethane coating to make it exploitable for various other applications. Further technological innovations are expected to increase the market penetration of PU coating and make it suitable for numerous other applications. The effectiveness of polyurethane coating in traditional end industries has always been a promising factor for its growth over a long run.

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