Chemical & Materials Trending Polyurethane Coating Market | Page 5

Regional Insights
o Asia-Pacific is projected to grow at the highest CAGR during the forecast period of 2015-2020.
o The regional market is primarily driven by the growth of major end-use industries such as
construction, electronics, and automotive.
o China is the largest demand center in Asia-Pacific and accounts for over half of the total regional
market volume.
o The North American polyurethane market is characterized by its growing application in
automotive and electronics. Evolving production technologies coupled with the growing
importance for bio-based PU is expected to drive the Asia-Pacific market.
o Europe is the dominant market and is expected to exhibit considerable growth during the forecast
period.
o The European region is a major consumer for wood coatings, architectural coatings, and plastic
coatings for automotive underbody, and hence commands the major share by value in the PU
microspheres market.
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