Polyurethane Coating MarketOverview:
In 2017, cumulative grid-connected wind capacity had reached 515 GW from which 497 GW onshore and 18 GW offshore wind energy, according to the International Energy Agency. Furthermore, the organization estimates that the demand for energy will escalate by 65% globally between 2018 and 2023.[1] Evidently, this augmented demand will lead to definite production growth of wind turbines that are coated with polyurethane coatings as they impart longevity and better wind energy efficiency. The demand influx in the wind energy sector and the subsequent growth in the manufacturing of wind turbines is poised to drive the polyurethane coating market that is valued at $16 billion as of 2018. Furthermore, the demand in the global polyurethane coating market from various sectors is projected to observe a healthy compound annual growth rate (CAGR) during the forecast period of 2019 to 2025.
Automotive industry and building & construction are major industries that are driving the demand influx in the APAC polyurethane coating market. From all the countries, China is gauged as the major consumer of polyurethane (PUR) coating material for various purposes such as the application of coatings on automotive parts, wind turbines, and structures and buildings. In 2018, China contributed with more than 200 GW of wind energy to the world’s total wind energy output,[2] according to the World Wind Energy Association (WWEA). This attributes to the heavy usage of wind turbines that chiefly supported the polyurethane coating market. Furthermore, there is a noticeable consumption of polyurethane coatings in other countries of Asia that include India, Indonesia, and Japan. APAC had the maximum regional polyurethane coating market share of 36% in 2018.
Polyurethane Coating Market Outlook:
Polyurethane coatings are surface coatings that have organic units of carbamate (or urethane) links or even thermoplastic polyurethanes. The coating was used as an aircraft coating during World War II. Owing to their properties such as high resistance and durability, polyurethane coatings are used in various sectors such as automotive, construction, and wind energy.
In 2018, the total number of vehicles produced were gauged to be 91,538,640,[3] and the future foresees more vehicles with the evolution of the electric vehicles market and self-driven trucks market along with demand for autonomous cars. This will lead to a greater demand influx in the polyurethane coating market as the key application of the product is found to be in the automotive sector. The demand for polyurethane coating in the automotive application segment is estimated to observe a CAGR of 4% through to 2025.
Polyurethane Coating Market Growth Drivers:
- The Expansion of the Building & Construction Industry–
The population growth through to 2050 as documented by the United Nations (UN) will lead to a definite demand for building & construction across the globe in order to suffice the infrastructural needs. Apparently, water-borne polyurethane coatings are prevalently used for both wall and floor coatings for abrasion resistance, chemical resistance, and weathering. According to the Institution of Civil Engineers (ICE), the volume of construction output will grow by 85% that will translate to $15.5 trillion worldwide by 2030.[4] Subsequently, this will lead to a consistent demand for polyurethane coating in the building & construction industry.
- The Application of Polyurethane Coating on Wood–
The increase in disposable personal income has enabled people across the globe to afford expensive wood flooring. Polyurethane coatings are used in wooden floorings as they are found to retain the texture of the wood that deteriorates over time due to water-rot. Additionally, wood flooring is also used in some showrooms and shops. The palpable prevalence of wooden floorings and ceilings in the homes and commercial complexes across the globe is further flourishing the polyurethane coating market.
- The Growth of the Aerospace Industry Leading to Demand Influx –
There is a tangible growth of aerospace industry predominantly in North America and some countries of APAC such as China and India. Polyurethane coatings when applied on aircraft implant durability and resistance to ultraviolet (UV) light, weathering, and chemicals that can be detrimental to the body of aircraft. Moreover, PUC protects aircraft against corrosion by reducing oxidation and itching of aluminum skin. The enhanced production of aircraft in order to suffice the foreseeable need for transportation in the future will significantly support the polyurethane coating market.
Polyurethane Coating Market Trends –
- Water-Based Polyurethane Coatings – Two component water-based acrylic polyurethane coatings are found to be useful for coating concrete and rigid substrates. This application is poised to observe growth in the future.
- In January 2018, Pidilite Industries announced the acquisition of majority shares in CIPY Polyurethanes Pvt. Ltd. According to CIPY which is a major player in the polyurethane coating market, the partnership is envisioned to position the company in the floor coating segment.
- In October 2018, Covestro developed the first bio-based coating hardener for polyurethane coatings. This will impart a better ecological footprint in the application of coatings and will help save energy. The adaptation of organic products has become rampant in each sector, and this award-winning innovation is expected to bring a shift in the polyurethane coating market.
Polyurethane Coating Market Challenges –
The biggest challenge in front of the vendors in the polyurethane coating market is that despite its durability, toughness, and high gloss, the coating is harmful to the environment as they release VOCs during application. However, water-based polyurethane and 100% solid polyurethane coatings have sustained their position in the market. Furthermore, the vendors are minimizing the use of isocyanides in the polyurethane coatings and re-inclining their manufacturing strategies and making the product eco-friendly.
Polyurethane Coating Market Key Players Perspective –
The major players crusading for polyurethane coating market share are Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems LLC, PPG Industries Inc., Valspar Corporation, Sherwin Williams, Jotun, RPM International, BASF, Bayer, Solvosol, and Endura.
Polyurethane Coating Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the polyurethane coating market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The polyurethane coating market research report also analyses the application of the product in the automotive, aerospace, building & construction, and other industries.
Polyurethane Coating Market Report: Industry Coverage
The polyurethane coating market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Polyurethane Coating Market Report
Is the market demand for polyurethane coating growing? How long will it continue to grow and at what rate?
Which type of home security system presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the polyurethane coating market?
A Few Focus Points Of This Research Are Given Below:
Give a deep-dive analysis of the key operational strategies with a focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
Provide an overview of the product portfolio, including product planning, development, and positioning
Discuss the role of technology companies in partnerships
Explore the regional sales activities
Analyze the market size and giving the forecast for the current and future global polyurethane coating market during the forecast 2019–2025
Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures
Composites have come to form an important component of the global manufacturing industries.
Several research lines are underway to explore the strength, potential, and resistance of new composite materials.
While these research lines keep vendors hopeful of the emergence of new investment avenues, the existing applications of composites also outnumber other alternative materials.
Get a Sample Copy of Composites Market @ https://www.fairfieldmarketresearch.com/report/global-composites-market/request-sample Aerospace Industry Continues to Engulf Composites in its Scheme of Manufacturing Leading aerospace companies such as Boeing and Airbus find several applications of composites in their manufacturing operations.
Furthermore, NASA’s subtle proposition to collaborate with competitive composite manufacturers to develop robust space solutions shall also create headways for market growth.
The Augusburg Production Network in Germany is bringing together several key entities such as the Center for Lightweight Production Technology of the German Aerospace Center and the Composites and Processing Technology (Fraunhofer IGCV) to develop AI-based production processes.
Microspheres Market Overview:Microspheres are extensively used in the healthcare sector owing to their qualities such as chemical resistance, enhanced processing, heat resistance, thermal stability, and others.
Market Research Future (MRFR) has published a report stating that the global microspheres market is marked to project noteworthy expansion at a CAGR of 11.9% during the forecast period of 2016-2022.
Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2268Market Drivers and Restraints:Increased research for the development of advanced medical devices that ensure effective drug delivery is fueling the growth of the global microspheres market as these microparticles are extensively utilized in such devices.
Based on type, the global microspheres market has been segmented into bioadhesive microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, and polymeric microspheres.
Competitive Analysis The market for microspheres is characterized by the presence of several well-established and small players, the global market for microspheres appears to be highly competitive and fragmented.
Major players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing.
A versatile feedstock that continues to garner traction in manufacturing of plastics, resins, paints and adhesives, plywood, perfumes, foams, explosives, and pharmaceuticals, methanol has been recently gaining the status of a preferred fuel alternative.
The global methanol consumption will see an uptrend as it has started to extensively replace conventional gasoline in many North American, and European countries.
The chemical continues to serve an indispensable role in production of several industrial chemicals, which is expected to drive market growth, says the study.Methanol Consumption Accelerates as a Viable Fuel AlternativeExcellent efficiency, exceptional miscibility in a range of industrial solvents, lower evaporation rate, and ready availability are likely to sustain demand worldwide, which is further complemented by a consistent price drop in natural gas.
However, the uncertainty that continues to hover over methanol pricing will remain a major challenge to market participants in long term.Get Exclusive PDF Sample Copy Of This Report @ https://www.fairfieldmarketresearch.com/report/methanol-marketFormaldehyde Sought-afterNotable consumption by key application areas like paints and adhesives, plywood, plastics, pesticides, automotive, textile, personal care, and construction is expected to uphold demand for formaldehyde.
Formaldehyde is likely to be the top selling segment in methanol market as it has become a preferred blended fuel candidate.
An expanding thermoplastics landscape is projected to push prospects of polyolefins, suggests the report.Market Continues to See China’s DominanceChina continues to be at a forefront of demand majorly on the back of rapidly proliferating chemical manufacturing plants.
Market HighlightsThe global luxury fashion market is projected to be valued at USD 333,775.3 million by 2028, recording a CAGR of 3.59% during the forecast period.
The global luxury fashion market has been growing over the last few years and is projected to reach USD 333,775.3 million by 2028 at a CAGR of 3.59% from 2021 to 2028.
Moreover, strategic mergers & acquisitions and increased demand for sustainable and recycled collections are expected to be prime opportunities for market players.
However, a limited customer base and the rising threat of counterfeit products are expected to hamper the market in the years to come.Strict containment measures imposed by the governments of various countries and preventive measures to control the impact of the outbreak have led to significant restrictions in transportations, driving a knock-on effect globally.
Transportation is crucial in the supply chain of any market, as it is responsible for transferring the raw materials to manufacturers and then distribute the final product from the manufacturers to the retail market.
The low efficiency of e-commerce websites and logistics companies' delivery systems and disruptions in international and modern trade has severely impacted the supply chain of the luxury fashion market.The global luxury fashion market size is projected to exhibit a CAGR of 3.59% during the forecast period of 2021 to 2028.Key PlayersMarket Research Future has recognized Ralph Lauren (US), Capri Holdings Limited (US), PVH Corp. (US), Kering (France), LVMH (France), Inditex (Spain), Giorgio Armani S.P.A. (Italy), Chanel S.A. (France), Dolce & Gabbana (Italy), and Burberry Ltd (UK)as the key players in the global luxury fashion market.Segmental AnalysisThe global luxury fashion market has been segmented based on product type, end user, distribution channel, and region.Based on product type, the global luxury fashion market has been segmented into clothing & apparel, footwear, and accessories.
Market OverviewThe toothpaste market is predicted to register a CAGR of 4.80% during 2018 to 2025 forecast period.
The growth is anticipated to be supported by the rising cases of dental caries among consumers.
Based on the report, escalating cases of dental issues like cavities will drive growth in the market in the coming years till 2025.
While the surge in cavities and dental caries will support the market during the forecast period and the need for effective oral hygiene will also help the market globally, the growth could be affected by toxic gums and abrasions which could hinder business activities.
Concerns regarding harmful ingredients are also expected to be responsible for stalled market growth till 2025.Browse Full Report Details @ https://www.marketresearchfuture.com/reports/toothpaste-market-7221Market SegmentationThe toothpaste market is categorized into smaller segments such as type and distribution channels in order to analyze the market.
Economic activities surrounding the toothpaste sector will also get benefitted from the growth of plaque and bacteria.
