Polyurethane coatings are extensively used in various industries due to their versatility and ability to provide protection against wear, UV radiation, and corrosion. They are made from reacting polyols and diisocyanates along with additives to achieve the desired properties. Some key advantages of polyurethane coatings include excellent adhesion, flexibility, and good chemical and abrasion resistance. Rising construction activities along with growing automotive production are fueling the demand for polyurethane coatings globally.
Market Dynamics:
The global polyurethane coating market is driven by increasing construction activities along with growing automotive production worldwide. Rapid urbanization in developing countries is significantly boosting infrastructure development, which, in turn, is propelling the adoption of polyurethane coatings in applications such as flooring, wood coatings, and roof coatings. Additionally, rising sales of automobiles where polyurethane coatings are used to coat car interiors, exteriors, and various auto components is fueling the market growth. On the other hand, emergence of bio-based polyurethane coatings owing to sustainability concerns are expected to provide lucrative opportunities in the coming years.
Key Features of the Study:
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