Soft Touch Polyurethane Coatings Market Report 2023 : Size, Trends, Drivers, Growth And Outlook 2032 | The Sherwin Williams Company, Akzo Nobel NV, PPG Industries Limited, RPM International Inc., Aexcel Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Soft Touch Polyurethane Coatings Global Market Report 2023 identifies expansion of the automotive industry as the major driver for the soft touch polyurethane coatings market's growth in the forecast period. The development has been fueled by strong government support, allowing it to carve a distinct path among manufacturing sectors. Such support and expansion of the automotive industry compel the soft-touch polyurethane coatings market to develop better products to provide greater customer service. For instance, according to a February 2022 automobile industry report by India Brand Equity Foundation, the Indian government expects the automobile sector to attract US$ 8-10 billion in domestic and foreign investment by 2023.

The global soft touch polyurethane coatings market size is expected to grow from $9.32 billion in 2022 to $10.11 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The soft touch polyurethane coatings market size is expected to grow to $13.51 billion in 2027 at a CAGR of 7.5%.

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Major competitors in the Soft Touch Polyurethane Coatings market are The Sherwin Williams Company, Akzo Nobel NV, PPG Industries Limited, RPM International Inc., Aexcel Corporation, Sokan New Materials, Jotun AS, Axalta Coating Systems Limited, BASF SE, Allnex USA Inc., Hempel A/S, Arkema SA, Hexion Inc., and Lanxess AG.

A key trend in the soft touch polyurethane coatings market includes technological innovations. Companies operating in the soft-touch polyurethane coatings market have developed various technological innovations such as waterborne polyurethane solutions, emulsion-free coatings, anti-yellowing coatings, and others to sustain their position in the market and provide better services to their customers. For instance, in January 2021, Allnex, a German manufacturer of coating resins, announced the launch of their polyurethane dispersion, especially for the automotive OEM and vehicle refinish coating markets, named the DAOTAN 7061/35WA.

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The Soft Touch Polyurethane Coatings market is segmented -
By Base Type: Water-based, Solvent-based

By Product Type: 2K, UV

By End-Use: Automotive, Aerospace, Electrical and Electronic, Furniture, Packaging, Other End-Users

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Soft Touch Polyurethane Coatings market.

The Business Research Company's "Global Soft Touch Polyurethane Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Soft Touch Polyurethane Coatings Market Include:
1. Executive Summary
2. Soft Touch Polyurethane Coatings Market Characteristics
3. Soft Touch Polyurethane Coatings Market Trends And Strategies
4. Soft Touch Polyurethane Coatings Market - Macro Economic Scenario
5. Soft Touch Polyurethane Coatings Market Size And Growth
……
26. Africa Soft Touch Polyurethane Coatings Market
27. Soft Touch Polyurethane Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soft Touch Polyurethane Coatings Market
29. Soft Touch Polyurethane Coatings Market Future Outlook and Potential Analysis
30. Appendix

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