폴리우레탄 코팅 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측 - 기재별, 최종사용자별, 지역별, 경쟁별(2020-2030년)

Global Polyurethane (PU) Coatings Market was valued at USD 18.26 Billion in 2024 and is expected to reach USD 24.49 Billion by 2030 with a CAGR of 5.21% during the forecast period. The global polyurethane (PU) coatings market is experiencing consistent growth, driven by increasing demand across diverse end-use sectors including automotive, construction, furniture, and electronics. Valued for their outstanding durability, abrasion resistance, and strong adhesion, PU coatings are widely adopted for both protective and decorative purposes in industrial and commercial applications. In the automotive sector, PU coatings are especially valued for their UV resistance, corrosion protection, and ability to deliver a high-quality finish. According to the American Chemistry Council, plastic components such as fiber-reinforced polyurethanes can reduce weight by up to 50% compared to traditional materials, contributing to improved fuel efficiency and reduced emissions. With new U.S. regulations requiring an average of 49 miles per gallon for new vehicles by 2026, lightweight solutions are becoming increasingly important. Molded PU foam seat frames, for instance, can be up to 35% lighter than metal counterparts. These trends, along with the global rise in electric vehicle (EV) production, are significantly boosting demand for PU coatings.

Sustainability is also reshaping the PU coatings landscape. The market is witnessing a shift toward low-VOC, water-based, and bio-based formulations, driven by stringent environmental regulations across North America and Europe. These eco-friendly alternatives are gaining traction as manufacturers respond to growing environmental and regulatory pressures.

Key Market Drivers

Growing Demand of Polyurethane (PU) Coatings from Medical Industry

The medical industry is emerging as a significant growth driver for the global polyurethane (PU) coatings market, driven by rising healthcare demands, increased regulatory standards, and advancements in medical device technology. PU coatings are gaining broader acceptance in the industry due to their excellent biocompatibility, mechanical flexibility, long-term durability, and resistance to chemicals attributes that make them well-suited for a variety of medical applications. According to the World Health Organization (WHO), global healthcare expenditure as a percentage of GDP is projected to rise steadily, reaching approximately 6.31% by 2029, setting a new peak following seven consecutive years of growth. This growing financial commitment is leading to heightened demand for advanced, safe, and reliable medical devices.

The industry's shift toward minimally invasive procedures has further amplified the need for coated components such as flexible catheters and guidewires. In these applications, PU coatings provide the essential combination of flexibility and biocompatibility required for patient-safe performance. For example, in October 2024, ICP DAS-BMP (Biomedical Polymers) participated in COMPAMED 2024, a leading trade fair held in Dusseldorf, Germany. At the event, the company unveiled its latest developments in medical-grade TPU materials, including the Engineering Arothane TPU (EARP series)-an aromatic polyether-based rigid TPU known for its processability, high glass transition temperature, and excellent light transmission. These properties make it ideal for orthodontic applications and precision components like Luer tapers. Also showcased was the Arothane ARP-W-G series, enriched with 40-60% tungsten for enhanced radiopacity-surpassing traditional Barium Sulfate in performance. This grade of TPU is particularly suited for coating thin-walled or small-diameter medical devices such as guidewires, owing to its fine pellet size, high fluidity, and uniform dispersion. As innovation in medical technologies continues to advance, PU coatings are expected to play an increasingly critical role in enabling safer, more efficient, and environmentally responsible healthcare solutions.

Key Market Challenges

Volatility in Price of Raw Materials

Polyurethane coatings are made from a variety of raw materials, including isocyanates, polyols, solvents, and additives. These raw materials, sourced from different suppliers and regions, are subject to price fluctuations due to various factors such as supply and demand, geopolitical issues, and weather conditions. The global market for polyurethane (PU) coatings is highly competitive, with manufacturers striving to provide high-quality products at competitive prices.

In order to manage the challenges posed by the volatility in raw material prices, manufacturers of PU coatings are adopting various strategies. One approach is to establish long-term partnerships with reliable suppliers, ensuring a consistent supply of raw materials at stable prices. This helps to mitigate the impact of sudden price hikes or shortages in the market.

Additionally, manufacturers are investing in research and development activities to explore alternative raw materials or develop more efficient manufacturing processes. By reducing the dependency on volatile raw materials, manufacturers can enhance their cost-effectiveness and improve the stability of their supply chain.

Technology plays a crucial role in addressing these challenges as well. Manufacturers are leveraging advanced analytics and supply chain management systems to optimize their procurement processes, anticipate market trends, and make informed decisions regarding raw material sourcing. This enables them to better manage their costs and mitigate the impact of price volatility on their business.

The goal for manufacturers in the polyurethane coatings industry is to ensure consistent product quality while minimizing the effects of raw material price fluctuations. By proactively addressing these challenges through strategic partnerships, research and development efforts, and technological advancements, manufacturers can navigate the volatile market landscape and maintain their competitiveness.

Key Market Trends

Shift Towards Waterborne Formulations

The polyurethane (PU) coatings industry is undergoing a notable evolution, characterized by a strategic shift from conventional solvent-based formulations to waterborne alternatives. This transition is being propelled by a mix of regulatory mandates, heightened environmental consciousness, and shifting consumer expectations toward safer and more sustainable solutions. As emissions regulations grow increasingly stringent across key markets particularly in North America, Europe, and Asia-Pacific manufacturers are intensifying efforts to develop and commercialize low-VOC and zero-VOC coatings. Demand from end-use sectors such as automotive, construction, and electronics continues to rise, with a clear emphasis on coatings that support environmental targets and comply with green building standards like LEED and BREEAM.

In line with this trend, Arkema, a global specialty chemicals leader, unveiled an expanded portfolio of sustainable solutions at the American Coatings Show in April 2024. The company introduced new PURE ASSOCIATIVE & NEWTONIAN HEUR polyurethane thickeners for water-based systems. Among them, Coapur XS 12, a Newtonian HEUR thickener, stands out for its ability to deliver high shear viscosity control with minimal impact on mid- and low-shear levels-ensuring superior film build and leveling in waterborne formulations. These ongoing technological advancements have substantially improved the performance of waterborne PU coatings, allowing them to exceed the durability, aesthetic finish, and adhesion of traditional solvent-based systems. As a result, waterborne PU technologies are becoming a preferred choice across multiple industries seeking innovation without compromising environmental responsibility.

Key Market Players

• Akzo Nobel NV
• Asian Paints Limited
• Axalta Coating Systems, LLC
• BASF SE
• IVM Chemicals SRL
• Jotun A/S
• Polycoat Products LLC
• PPG Industries Inc.
• RPM International Inc.
• The Sherwin-Williams Company

Report Scope:

In this report, the Global Polyurethane (PU) Coatings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Polyurethane (PU) Coatings Market, By Substrate:

• Metal
• Ceramic
• Composite
• Others

Polyurethane (PU) Coatings Market, By End User:

• Electronics
• Industrial
• Medical
• Automotive
• Others

Polyurethane (PU) Coatings Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Polyurethane (PU) Coatings Market.

Available Customizations:

Global Polyurethane (PU) Coatings Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Global Polyurethane (PU) Coatings Market Outlook

• 4.1. Market Size & Forecast
  • 4.1.1. By Value
• 4.2. Market Share & Forecast
  • 4.2.1. By Substrate (Metal, Ceramic, Composite, Others)
  • 4.2.2. By End User (Electronics, Industrial, Medical, Automotive, Others)
  • 4.2.3. By Region
  • 4.2.4. By Company (2024)
• 4.3. Market Map
  • 4.3.1. By Substrate
  • 4.3.2. By End User
  • 4.3.3. By Region

5. Asia Pacific Polyurethane (PU) Coatings Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Substrate
  • 5.2.2. By End User
  • 5.2.3. By Country
• 5.3. Asia Pacific: Country Analysis
  • 5.3.1. China Polyurethane (PU) Coatings Market Outlook
    • 5.3.1.1. Market Size & Forecast
      • 5.3.1.1.1. By Value
    • 5.3.1.2. Market Share & Forecast
      • 5.3.1.2.1. By Substrate
      • 5.3.1.2.2. By End User
  • 5.3.2. India Polyurethane (PU) Coatings Market Outlook
    • 5.3.2.1. Market Size & Forecast
      • 5.3.2.1.1. By Value
    • 5.3.2.2. Market Share & Forecast
      • 5.3.2.2.1. By Substrate
      • 5.3.2.2.2. By End User
  • 5.3.3. Australia Polyurethane (PU) Coatings Market Outlook
    • 5.3.3.1. Market Size & Forecast
      • 5.3.3.1.1. By Value
    • 5.3.3.2. Market Share & Forecast
      • 5.3.3.2.1. By Substrate
      • 5.3.3.2.2. By End User
  • 5.3.4. Japan Polyurethane (PU) Coatings Market Outlook
    • 5.3.4.1. Market Size & Forecast
      • 5.3.4.1.1. By Value
    • 5.3.4.2. Market Share & Forecast
      • 5.3.4.2.1. By Substrate
      • 5.3.4.2.2. By End User
  • 5.3.5. South Korea Polyurethane (PU) Coatings Market Outlook
    • 5.3.5.1. Market Size & Forecast
      • 5.3.5.1.1. By Value
    • 5.3.5.2. Market Share & Forecast
      • 5.3.5.2.1. By Substrate
      • 5.3.5.2.2. By End User

6. Europe Polyurethane (PU) Coatings Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Substrate
  • 6.2.2. By End User
  • 6.2.3. By Country
• 6.3. Europe: Country Analysis
  • 6.3.1. France Polyurethane (PU) Coatings Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Substrate
      • 6.3.1.2.2. By End User
  • 6.3.2. Germany Polyurethane (PU) Coatings Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Substrate
      • 6.3.2.2.2. By End User
  • 6.3.3. Spain Polyurethane (PU) Coatings Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Substrate
      • 6.3.3.2.2. By End User
  • 6.3.4. Italy Polyurethane (PU) Coatings Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Substrate
      • 6.3.4.2.2. By End User
  • 6.3.5. United Kingdom Polyurethane (PU) Coatings Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Substrate
      • 6.3.5.2.2. By End User

7. North America Polyurethane (PU) Coatings Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Substrate
  • 7.2.2. By End User
  • 7.2.3. By Country
• 7.3. North America: Country Analysis
  • 7.3.1. United States Polyurethane (PU) Coatings Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Substrate
      • 7.3.1.2.2. By End User
  • 7.3.2. Mexico Polyurethane (PU) Coatings Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Substrate
      • 7.3.2.2.2. By End User
  • 7.3.3. Canada Polyurethane (PU) Coatings Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Substrate
      • 7.3.3.2.2. By End User

8. South America Polyurethane (PU) Coatings Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Substrate
  • 8.2.2. By End User
  • 8.2.3. By Country
• 8.3. South America: Country Analysis
  • 8.3.1. Brazil Polyurethane (PU) Coatings Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Substrate
      • 8.3.1.2.2. By End User
  • 8.3.2. Argentina Polyurethane (PU) Coatings Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Substrate
      • 8.3.2.2.2. By End User
  • 8.3.3. Colombia Polyurethane (PU) Coatings Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Substrate
      • 8.3.3.2.2. By End User

9. Middle East and Africa Polyurethane (PU) Coatings Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Substrate
  • 9.2.2. By End User
  • 9.2.3. By Country
• 9.3. MEA: Country Analysis
  • 9.3.1. South Africa Polyurethane (PU) Coatings Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Substrate
      • 9.3.1.2.2. By End User
  • 9.3.2. Saudi Arabia Polyurethane (PU) Coatings Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Substrate
      • 9.3.2.2.2. By End User
  • 9.3.3. UAE Polyurethane (PU) Coatings Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Substrate
      • 9.3.3.2.2. By End User
  • 9.3.4. Egypt Polyurethane (PU) Coatings Market Outlook
    • 9.3.4.1. Market Size & Forecast
      • 9.3.4.1.1. By Value
    • 9.3.4.2. Market Share & Forecast
      • 9.3.4.2.1. By Substrate
      • 9.3.4.2.2. By End User

10. Market Dynamics

• 10.1. Drivers
• 10.2. Challenges

11. Market Trends & Developments

• 11.1. Recent Developments
• 11.2. Product Launches
• 11.3. Mergers & Acquisitions

12. Global Polyurethane (PU) Coatings Market: SWOT Analysis

13. Porter's Five Forces Analysis

• 13.1. Competition in the Industry
• 13.2. Potential of New Entrants
• 13.3. Power of Suppliers
• 13.4. Power of Customers
• 13.5. Threat of Substitute Product

14. Competitive Landscape

• 14.1. Akzo Nobel NV
  • 14.1.1. Business Overview
  • 14.1.2. Company Snapshot
  • 14.1.3. Products & Services
  • 14.1.4. Current Capacity Analysis
  • 14.1.5. Financials (In case of listed)
  • 14.1.6. Recent Developments
  • 14.1.7. SWOT Analysis
• 14.2. Asian Paints Limited
• 14.3. Axalta Coating Systems, LLC
• 14.4. BASF SE
• 14.5. IVM Chemicals SRL
• 14.6. Jotun A/S
• 14.7. Polycoat Products LLC
• 14.8. PPG Industries Inc.
• 14.9. RPM International Inc.
• 14.10. The Sherwin-Williams Company

15. Strategic Recommendations

16. About Us & Disclaimer