| Product Code: ETC8849309 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines experienced a steady increase in polyurethane coatings import shipments in 2024, with top exporters being Thailand, Malaysia, Japan, China, and Vietnam. The market remained relatively competitive with low concentration, indicating a diverse range of sources for these imports. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 12.92%, demonstrating a healthy expansion in the market. Moreover, the growth rate in 2024 alone was notable at 11.42%, suggesting ongoing momentum in the demand for polyurethane coatings in the Philippines.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Polyurethane Coatings Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Polyurethane Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Polyurethane Coatings Market - Industry Life Cycle |
3.4 Philippines Polyurethane Coatings Market - Porter's Five Forces |
3.5 Philippines Polyurethane Coatings Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Philippines Polyurethane Coatings Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Philippines Polyurethane Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in the Philippines leading to increased demand for polyurethane coatings. |
4.2.2 Rising awareness about the benefits of polyurethane coatings such as durability, chemical resistance, and aesthetic appeal. |
4.2.3 Increase in infrastructure projects and commercial developments driving the need for protective coatings. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the cost of production of polyurethane coatings. |
4.3.2 Stringent environmental regulations regarding volatile organic compounds (VOCs) emissions affecting the formulation of polyurethane coatings. |
4.3.3 Competition from alternative coating technologies such as epoxy coatings and acrylic coatings. |
5 Philippines Polyurethane Coatings Market Trends |
6 Philippines Polyurethane Coatings Market, By Types |
6.1 Philippines Polyurethane Coatings Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Philippines Polyurethane Coatings Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Philippines Polyurethane Coatings Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Philippines Polyurethane Coatings Market Revenues & Volume, By Solvent-Borne, 2021- 2031F |
6.1.5 Philippines Polyurethane Coatings Market Revenues & Volume, By Water-Borne, 2021- 2031F |
6.1.6 Philippines Polyurethane Coatings Market Revenues & Volume, By Radiation-Cured, 2021- 2031F |
6.2 Philippines Polyurethane Coatings Market, By End-User Industry |
6.2.1 Overview and Analysis |
6.2.2 Philippines Polyurethane Coatings Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.3 Philippines Polyurethane Coatings Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.4 Philippines Polyurethane Coatings Market Revenues & Volume, By Electrical and Electronics, 2021- 2031F |
6.2.5 Philippines Polyurethane Coatings Market Revenues & Volume, By Wood and Furniture, 2021- 2031F |
6.2.6 Philippines Polyurethane Coatings Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Polyurethane Coatings Market Import-Export Trade Statistics |
7.1 Philippines Polyurethane Coatings Market Export to Major Countries |
7.2 Philippines Polyurethane Coatings Market Imports from Major Countries |
8 Philippines Polyurethane Coatings Market Key Performance Indicators |
8.1 Adoption rate of polyurethane coatings in new construction projects. |
8.2 Number of manufacturers introducing eco-friendly formulations of polyurethane coatings. |
8.3 Rate of innovation in polyurethane coating technology to improve performance and application efficiency. |
9 Philippines Polyurethane Coatings Market - Opportunity Assessment |
9.1 Philippines Polyurethane Coatings Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Philippines Polyurethane Coatings Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Philippines Polyurethane Coatings Market - Competitive Landscape |
10.1 Philippines Polyurethane Coatings Market Revenue Share, By Companies, 2024 |
10.2 Philippines Polyurethane Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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