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Global Urethane Coating Additives Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Global Urethane Coating Additives Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Urethane Coating Additives Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1,074.28 USD Billion
Diagram Market Size (Forecast Year) USD 1,516.07 USD Billion
Diagram CAGR %

Major Markets Players

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Global Urethane Coating Additives Market, By Type (Antioxidants, Catalysts, Emulsifier, Stabilizers, Fillers, Flame Retardants, and Others), Application (Flexible Foam, Rigid Foam, Coating, Adhesives and Sealants, and Others), End User (Building and Construction, Automotive and Transportation, Furniture, Packaging, and Others) - Industry Trends and Forecast to 2030.

 Urethane Coating Additives Market

Urethane Coating Additives Market Analysis and Size  

Urethane coating is defined as a polymer that includes a chain of organic components. This chain is applied on the surface of a substrate for the purpose of protecting the surface. Urethane coatings are in high demand due to their unique properties such as high elongation, UV resistance, abrasion resistance, impact resistance, low odor, low-temperature flexibility, water resistance, mar-resistant, non-flammable, alkali resistant, highly compatible with acrylic emulsions, high tensile strength, chemical resistance, and low VOCs.

Data Bridge Market Research analyzes that the global urethane coating additives market, which was USD 1,074.28 billion in 2022, would rocket up to USD 1,516.07 million by 2030, and is expected to undergo a CAGR of 4.4% during the forecast period.

Urethane coatings appear to be extensively utilized for chemical resistance, abrasion resistance, and weathering across exterior and interior coatings. The “water-based” urethane coatings segment is the fastest growing product type due to its properties such as high performance in low temperature, surface hardness, and user-friendliness among others.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Urethane Coating Additives Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Tons

Segments Covered

By Type (Antioxidants, Catalysts, Emulsifier, Stabilizers, Fillers, Flame Retardants, and Others), Application (Flexible Foam, Rigid Foam, Coating, Adhesives and Sealants, and Others), End User (Building and Construction, Automotive and Transportation, Furniture, Packaging, and Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America

Market Players Covered

Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), DOW (U.S.), Axalta Coating System (U.S.), BASF SE (Germany), Jotun (Norway), Covestro AG (Germany), Huntsman International LLC. (U.S.) Mitsubishi Chemical Corporation (Japan), Mapei S.p.A (Italy), Eastman Chemical Company (U.S.), Tosoh Corporation (Japan), Asahi Kasei Chemicals Corporation (Japan), Mascoat (U.S.), Asian Paints (India), The Valspar Corporation (U.S.), VCM Urethanes Pvt. Ltd (India), Tuff Coat Polymers Pvt. Ltd (India), and deckencoatings (India)

Market Opportunities

  • Rising application of urethane coating in the automotive and transportation industry
  • High spending on environmentally friendly materials
  • Growing technological advancement

Market Definition

Urethane coating is defined as a polymer that includes a chain of organic components. This chain is applied on the surface of a substrate for the purpose of protecting the surface. Urethane coating aids a substrate from abrasion, corrosion, weathering, and other deteriorating processes. Moreover, it has high-tensile strength, shore hardness, modulus, and percent elongation.

Global Urethane Coating Additives Market Dynamics

Drivers

  • High usage of urethane coating due to unique properties

Urethane coatings are in high demand due to their unique properties such as high elongation, UV resistance, abrasion resistance, impact resistance, low odor, low-temperature flexibility, water resistance, mar-resistant, non-flammable, alkali resistant, highly compatible with acrylic emulsions, high tensile strength, chemical resistance, and low VOCs. As a result, urethane coatings are used in several industries such as demand for automotive & transportation, aerospace, wood & furniture, construction, industrial, textile, electrical & electronics, and others, which are expected to drive the market growth rate during the forecast period.

  • Increased requirements of urethane coating across the marine industry

The marine industry is expected to dominate their respective markets owing to stringent laws requiring the use of urethane coating to increase operational efficiency and save energy. The urethane coating is mainly used due to its advantages, such as energy-saving capabilities, high thermal coefficient, and low thermal conductivity, which are used by several marine equipment to protect them from environmental effects. Thus, the rising demand for urethane coating is anticipated to propel the market growth.

Opportunity

  • Rising application of urethane coating in the automotive and transportation industry

The increasing application of urethane coating in transportation and the automotive industry is expected to generate lucrative opportunities for market growth. Urethane coatings are extensively used as an intermediate coat, automobile primer, and finishing paint in the automotive industry. Rapid urbanization and industrialization are further enhancing market growth. Moreover, the growing sales of passenger and commercial cars in emerging economies are expected to create ample new opportunities for market growth during the forecast period.

Restraint/Challenge

  • High initial and overall costs of urethane coating

The high initial price of urethane coating is expected to restrain market growth as the high prices further generate affordability issues, which reduces the adoption rate. Surface preparation is essential before application to prevent corrosion which is more expensive in the case of urethane coating. Therefore, volatility in the costs of raw materials and the cost-intensive nature of new technologies are expected to restrain market growth.

Recent Development

  • In February 2021, PPG Industries, Inc. announced that the company had completed its acquisition of VersaFlex from DalFort Capital Partners. This company provides urethane and other coatings for different applications such as transportation, industrial, water and wastewater infrastructure, and others

Global Urethane Coating Additives Market Scope

The global urethane coating additives market is segmented into three notable segments based on  type, application, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Antioxidants
  • Catalysts
  • Emulsifier
  • Stabilizers
  • Fillers
  • Flame Retardant
  • Others

Application

  • Concrete
  • Flexible Foam
  • Rigid Foam
  • Coating
  • Adhesives and Sealants
  • Others

End User

  • Building and Construction
  • Automotive and Transportation
  • Furniture
  • Packaging
  • Others

Global Urethane Coating Additives Market Regional Analysis/Insights

The global urethane coating additives market is analyzed, and market size insights and trends are by type, application, and end user as referenced above.

The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.                                    

Asia-Pacific dominates the global urethane coating additives market and will continue to flourish its trend of dominance attributed to the increasing applications from numerous industries such as automotive, aerospace, construction, and others within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from global brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Urethane Coating Additives Market Share Analysis

The global urethane coating additives market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the market.

Some of the major players operating in the global urethane coating additives market are:

  • Akzo Nobel N.V. (Netherlands)
  • PPG Industries, Inc. (U.S.)
  • The Sherwin-Williams Company (U.S.)
  • DOW (U.S.)
  • Axalta Coating System (U.S.)
  • BASF SE (Germany)
  • Jotun (Norway)
  • Covestro AG (Germany)
  • Huntsman International LLC. (U.S.)
  • Mitsubishi Chemical Corporation (Japan)
  • Mapei S.p.A (Italy)
  • Eastman Chemical Company (U.S.)
  • Tosoh Corporation (Japan)
  • Asahi Kasei Chemicals Corporation (Japan)
  • Mascoat (U.S.)
  • Asian Paints (India)
  • The Valspar Corporation (U.S.)
  • VCM Urethanes Pvt. Ltd (India)
  • Tuff Coat Polymers Pvt. Ltd (India
  • deckencoatings (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Urethane Coating Additives Market will be worth USD 1,516.07 million by 2030
The Urethane Coating Additives Market Growth rate is 4.4% during the forecast period.
The High usage of urethane coating due to its unique properties and Increased requirements of urethane coating across the marine industry is the Growth driver of the Urethane Coating Additives Market.
The type, application, and end-user are the factors on which the Urethane Coating Additives Market research is based.
PPG Industries, Inc. announced that the company had completed its acquisition of VersaFlex from DalFort Capital Partners. This company provides urethane and other coatings for different applications such as transportation, industrial, water, and wastewater infrastructure, and others are the latest developments in the Urethane Coating Additives Market.
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