Soft Touch Polyurethane Coatings Market Trends, Analysis, and Forecast Outlook during 2019-2027
Soft Touch Polyurethane Coatings Market |
Soft Touch Polyurethane Coatings are advanced coatings made from polyurethane dispersions. These
coatings provide a softer surface feel, improved scratch resistance, heat
resistance, and chemical resistance. This coating is divided into two types:
solvent-based and water-based. Furthermore, these coatings are extremely
durable and dry quickly. Soft-touch polyurethane coatings are widely used in
automotive and aircraft interior components, consumer electronic devices such
as televisions, laptop computers, and mobile phones, and interior wood surfaces
such as trim, furniture, and doors. Furthermore, these coatings are used in
kitchenware and cosmetic cases.
The increasing use of plastic in
automobile interiors is increasing demand for Soft Touch
Polyurethane Coatings, which is driving market growth. These
coatings are commonly used to coat the surface of plastic to provide resistance
to environmental factors such as scratch, abrasion, chemicals, and heat.
Soft-touch polyurethane coatings also give the interior component of the
soft-touch polyurethane a durable and luxurious appearance. The electronic
industry's increasing demand for soft-touch polyurethane coatings to improve
the aesthetics and touch of electronic devices is expected to drive Soft-Touch
Polyurethane Coatings Market growth.
The Global Soft-Touch
Polyurethane Coatings Market Is Projected To Surpass US$ 11.0
Billion By The End Of 2027, In Terms Of Revenue, Growing At CAGR Of 7.4% During
The Forecast Period (2019 To 2027).
These coatings provide a rich
feel and soft touch to the devices, giving the product a premium feel with
improved handling. Aside from that, it provides a protective shield for the
devices against accidental scratches and damages. In terms of revenue, Europe
dominated the global soft-touch polyurethane coatings market in 2018,
accounting for 47% of the total, followed by North America and Asia-Pacific,
respectively.
Threats from substitutes from
other technologies, such as masterbatches, are expected to limit market growth
because it is a new technology that is primarily used in interior furniture and
interior parts of automobiles. Furthermore, masterbatches provide uniform
colour and eliminate the need for additional coating efforts and operating
costs. As a result, the long-term benefits of masterbatch are expected to limit
the growth of the soft-touch polyurethane coatings market. Lack of awareness
about the benefits of soft touch PU coatings among developing industrial
manufacturers is expected to limit market growth over the forecast period.
Competitive Landscape- The Sherwin Williams Company, Akzo Nobel
N.V., PPG Industries Ltd Axalta Coatings Systems, Rust-Oleum - RPM
International Inc., Aexcel Coatings., Sokan New Materials, and Jotun AS
Get Press Release- https://www.coherentmarketinsights.com/press-release/soft-touch-polyurethane-coatings-market-3039
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