Chemical Industry Updates

  Soft touch polyurethane coatings are used widely in furniture, architectural, automotive, and other industries owing to their properties such as superior scratch and abrasion resistance, improved flexibility and UV resistance. These coatings provide surfaces with a silk-like matte look and feel. Rising urbanization and infrastructure development in emerging economies have propelled the construction industry which is a key end-user of polyurethane coatings. The global Soft Touch Polyurethane Coatings Market is estimated to be valued at US$ 7.08 Bn in 2023 and is expected to exhibit a CAGR of 8.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the major trends driving the growth of the market is increasing usage of soft touch polyurethane coatings in residential and commercial construction. Rapid urbanization coupled with increasing disposable income in developing countries have significantly...

  Market Overview: Soft Touch Polyurethane Coatings provide surfaces with excellent protection against abrasion, scratches and impact damage while imparting a soft feel and matte finish. They are ideal for application on consumer electronics, automotive exteriors and interiors. The global Soft Touch Polyurethane Coatings Market is estimated to be valued at US$ 7.08 Bn in 2023 and is expected to exhibit a CAGR of 8.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends in the Soft Touch Polyurethane Coatings Market is the development of bio-based and eco-friendly polyurethane coatings. With growing environment awareness among consumers, manufacturers are focusing on using renewable resources such as plant oils, carbohydrates and proteins in place of petroleum-based raw materials to manufacture polyurethane coatings. These bio-polyurethane coatings not only provide the soft touch and dur...