Market Size of Europe Waterborne Polyurethane Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Waterborne Polyurethane Coatings Market Analysis
The Europe Waterborne Polyurethane Coatings market is expected to grow at a CAGR of over 5% during the forecast period. Major factor driving the market studied is consistent growth registered by the European wood furniture industry. On the flipside, declining automotive industry and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
- Development of lignin-based polyurethanes is expected to offer various lucrative opportunities for the growth of market.
- In terms of the end-user industry, the automotive sector is expected to dominate the market owing to increasing usage of polyurethane-based coatings in application fields that require high film appearance and resistance, as in automotive car refinishings and OEMs.
- Based on consumption, Germany is expected to dominate the regional market due to increasing consumption from various end-user industries.
