The Global Soft Touch Polyurethane Coatings Market Growth at a rate of 15.7% in the forecast period 2022 to 2029
With a clear understanding of customer requirements, one method or combination of many methods have been used to construct the most excellent Global Soft Touch Polyurethane Coatings Market research report. Market analysis estimates the expected rise, growth or fall of the product in the specific forecast period. This market research report delivers an all-inclusive analysis of the market structure along with forecasts of the diverse segments and sub-segments of the market. The verified, best, and advanced methods and tools such as SWOT analysis and Porter's Five Forces Analysis are used carefully while generating Global Soft Touch Polyurethane Coatings Market market reports.
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Market Analysis and Insights - Global Soft Touch Polyurethane Coatings Market
Over the recent years, there has been growth in the building and construction industry. The government of developed and developing countries is predicted to increase expenditure on the building sector, which will be a prominent trend on the market. The construction industry is expected to grow at a CAGR of 15.7 percent to reach US$ 738.5 billion by 2022, according to Invest India. Consequently, the market is projected to grow at an accelerated pace during the forecast period.
Global Soft Touch Polyurethane Coatings Market was valued at USD 12972.00 million in 2021 and is expected to reach USD 24188.70 million by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Soft-touch polyurethane coatings are a type of advanced coating made from polyurethane dispersions. These coatings provide a softer feel to the surface as well as improved scratch, heat, and chemical resistance. There are two types of coatings: solvent-based and water-based. Furthermore, these coatings are extremely robust and dry quickly. Soft-touch polyurethane coatings are commonly utilized on interior wood surfaces such as trim, furniture, and doors in automobiles and aeroplanes, as well as consumer electronic gadgets such as televisions, laptops, and mobile phones.
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Key Players Global Soft Touch Polyurethane Coatings Market
Some of the major players operating in the soft touch polyurethane coatings market are
DuPont (U.S.)
Solvay (Belgium)
DAIKIN (Japan)
Dow (U.S.)
Huntsman International LLC (U.S.)
Bostik (France)
H.B. Fuller Company (U.S.)
Sika AG (Switzerland)
Cardolite Corporation (U.S.)
Kukdo Chemical Co., Ltd., (South Korea)
Global Soft Touch Polyurethane Coatings Market Share Analysis
The soft touch polyurethane coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the soft touch polyurethane coatings market.
The Global Soft Touch Polyurethane Coatings Market Size
The soft touch polyurethane coatings market is segmented on the basis of base type, product type and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Recent Development
In June 2020, BASF introduced ten new versions of its "Haptex 2.0" polyurethane (PU) solution for synthetic leather manufacture. This new technology will aid designers in achieving superior quality and desired aesthetic look in a wide range of synthetic leather applications.
Global Soft Touch Polyurethane Coatings Market Country Level Analysis
The soft touch polyurethane coatings market is analyzed and market size insights and trends are provided by country, base type, product type and end-use industry as referenced above.
The countries covered in the soft touch polyurethane coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing production of consumer electronics within the region.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rise in housing construction activities coupled with the rising consumer awareness regarding the usage of eco-friendly coating products in the region.
Global Soft Touch Polyurethane Coatings Market Report Answers the Following Questions:
How much revenue will the Global Soft Touch Polyurethane Coatings Market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the Global Soft Touch Polyurethane Coatings Market?
Which regions are currently contributing the maximum share of the overall Global Soft Touch Polyurethane Coatings Market?
What indicators are likely to stimulate the Global Soft Touch Polyurethane Coatings Market?
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