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Soft Touch Polyurethane Coatings Market to Reach US$ 11.0 billion by the end of 2027, registering a CAGR of 7.4% | CMI

Soft Touch Polyurethane Coatings Market

Polyurethane coatings are fast-reacting coatings that can be applied by many painting contractors.

SEATTLE, WA, UNITED STATES , January 25, 2022 /EINPresswire.com/ -- Overview

Polyurethane coatings are fast-reacting coatings that can be applied by many painting contractors. However, 100% Solids Polyurethane coatings are highly reactive and require specialized plural component equipment. These products are also solvent-free and require specialized applicators. Manufacturers also provide technical support for application contractors. Several different types of application equipment are available, including spray booths, rollers, and even a foam brush. Polyurethane coatings have been used in various applications, from architecture to building and construction to automotive coatings. Their durable properties and scratch-resistant qualities have led to significant growth in the industry. In addition, they are often used to make vehicles and other objects scratch-resistant.

Competitive Landscape

Major companies contributing to the global soft touch polyurethane coatings market include Axalta Coatings Systems, PPG Industries Ltd., Akzo Nobel N.V., The Sherwin Williams Company, Jotun AS, Sokan New Materials, Aexcel Coatings., and Rust-Oleum - RPM International Inc.

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Drivers

The increasing prominence of coatings in electronic appliances to achieve scratch-resistant and mechanical properties is expected to augment the growth of the soft touch polyurethane coatings market during the forecast period.

Furthermore, the increasing popularity of waterborne technology for stain-resistant and UV-curable coatings is expected to supplement the growth of the soft touch polyurethane coatings market over the forecast period.

Summary of the COVID-19 Aftermath

The outbreak of the COVID-19 virus has been a threat multiplier for the global soft touch polyurethane coatings market. The energy-intensive industries had a hard time coping with the crisis-fueled restrictions in the middle of shipment halts. On the plus side, with the ease of restrictions, the market does not have any major hurdles to break even.

Key Takeaways

The soft touch polyurethane coatings market is anticipated to grow at a CAGR of 7.4% during the forecast period owing to the increasing adoption across the automotive and electronics sectors and rising collaborative strategies among market participants. For instance, in December 2021, Special Vehicle Operations (SVO) of Land Rover announced that they would customize their Range Rover SVs using polyurethane coatings to improve technical aesthetics.

In geographic news, the European region is projected to participate heavily in the global soft touch polyurethane coatings market on account of an increasing number of OEMs (Original Equipment Manufacturers) and high adoption across the automotive sector.

Also standing out in the global soft touch polyurethane coatings market is the Asia Pacific region, which is driven by high demand from the paint and coatings industry and increasing applications in aircraft (China).

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Detailed Segmentation:

Global Soft-touch polyurethane coatings Market, By Product Type:
2K
UV

Global Soft-touch polyurethane coatings Market, By Base Type:
Water-based
Solvent-based

Important Features that are under Offering and Key Highlights of the Reports:

– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings

𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭'𝐬 𝐬𝐭𝐮𝐝𝐲 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐚𝐫𝐞 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:

✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.

✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.

✤ Determine whether market growth is being driven or hampered by trends and factors.

✤ Stakeholders will be able to assess market potential by identifying high-growth categories.

✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.

✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.

✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐝:

✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?

About Coherent Market Insights:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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