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PU Coating Consumption Market Amounting to 2,644.0 KT by 2018
The PU coating market is dominated by respective regional players along with their presence globally in the key growth markets. Asia-Pacific is the biggest market of PU coating and is also the fastest growing alongside the ROW market. Various market players have integrated their value chains so as to reduce the impact of external environment on product economics.
AkzoNobel N.V. (The Netherlands), PPG Industries (U.S.), Sherwin Williams (U.S.), Axalta Coating Systems (U.S.) are among the major PU coating manufacturers, with BASF SE (Germany), Bayer MaterialScience (Germany), Valspar Corporation (U.S.), Asian Paints Ltd. (India) also being the most active players between 2010 and 2013.
In terms of market activities, BASF SE (Germany) and Bayer MaterialScience (Germany), together held the same share as the top share holders in the number of strategic initiatives implemented between 2010 and 2013, with a share of 45.31% of the total development activities.
PPG industries (U.S.) and AkzoNobel N.V. (The Netherlands) were other active companies in the PU coating market. PPG industries focused on increasing its footprint in the market. The two companies together accounted for close to 29.69% of the total developments from 2010 to 2013. Both the companies increased their business potential by expanding their businesses and extending their geographic region. Companies were also involved actively in new product launches.
In terms of market activities, Sherwin William was also one of the most active players from 2010 to 2013. The company took various efforts to set its footprints in PU coating market and to be in line with the market trends by continuously upgrading and introducing new products to the market. It undertook a few expansion activities to enhance its business.
As a part of its business strategy, Axalta Coating Systems, focused on developing itself in the market and carried out lots of expansion activities so as to increase its geographic footprint and maintain its position as a market leader. As a part of its expansion strategies, it focused on establishing production facilities in different countries across the world.
PU Coating Market by Type (Solvent-borne, Water-borne, High Solids, Powder), End Industry (Automotive & Transportation, Wood & Furniture, Industrial, Textile, Construction, Electrical & Electronics) & Geography - Trends & Forecasts to 2018
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