The Soft Touch Revolution Innovations in Polyurethane Coatings for Automotive and Consumer Goods
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-91880 Format: PDF Pages: 300
Report Highlights
According to a research survey conducted by ChemView Consulting, in 2023, Soft Touch Polyurethane Coatings Market was worth US $ 14,833.70 Mn. The market is expected to grow at a CAGR of 7.0% between 2023 and 2033 to hit US $ 29,278.49 Mn by 2033 end.
Key Market Trends
The Solution for a Luxurious Touch
With its soft and luxurious touch, soft-touch polyurethane coatings are becoming a popular choice for various applications, creating a wide range of opportunities in the market.
The Key to Improving Product Comfort
Soft touch polyurethane coatings are a key factor in improving product comfort due to their soft and comfortable properties, making it a valuable product in the market.
The Essential Element in Consumer Goods
With its role in improving product quality and user experience, soft touch polyurethane coatings are an essential element in the consumer goods industry, creating a wide range of opportunities in the market.
Market Drivers
Increasing demand for premium and luxurious finishes
Soft touch polyurethane coatings are widely used in industries such as automotive, furniture, and consumer goods, where a premium and luxurious finish is required. The increasing demand for high-end products with soft-touch surfaces is expected to drive the growth of the soft touch polyurethane coatings market.
As a durable and flexible material, soft touch polyurethane coatings are becoming a popular choice for manufacturers looking for long-lasting and high-performance solutions. This is expected to create lucrative opportunities for players operating in the soft touch polyurethane coatings market.
The rising adoption of soft touch polyurethane coatings in other end-use industries, such as electronics and healthcare, due to its antimicrobial and easy-to-clean properties, is expected to further boost the growth of the soft touch polyurethane coatings market.
Segmentation Insights
After conducting a thorough analysis of the Soft Touch Polyurethane Coatings Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.
Most Popular (Fastest Growth Rate)
Water-based Soft Touch Polyurethane Coatings (Wood and Furniture Industry)
Water-based Soft Touch Polyurethane Coatings are the most popular choice in the Wood and Furniture Industry due to their low VOC emissions and environmentally-friendly nature. They are widely used in the production of furniture, cabinets, and wooden fixtures, providing a soft touch feel to the surface. Water-based Soft Touch Polyurethane Coatings’ superior durability, scratch resistance, and matte finish make them the preferred choice for the wood and furniture industry.
Most Selling (Largest Market Share)
2K Soft Touch Polyurethane Coatings (Transport and Automotive Industry)
2K Soft Touch Polyurethane Coatings are the most selling product in the Transport and Automotive Industry due to their superior durability and scratch resistance properties. They are widely used in the production of automotive interiors, providing a luxurious feel to the surface. 2K Soft Touch Polyurethane Coatings’ ability to withstand harsh environmental conditions, UV radiation, and chemicals make them the go-to choice for the transport and automotive industry.
Trending (Gaining Traction)
UV Soft Touch Polyurethane Coatings (Electrical and Electronics Industry)
UV Soft Touch Polyurethane Coatings are gaining significant traction in the Electrical and Electronics Industry due to their ability to provide a soft touch feel and a high gloss finish to surfaces. They are widely used in the production of electronic devices such as smartphones, tablets, and computers, enhancing their aesthetic appeal. UV Soft Touch Polyurethane Coatings’ rapid curing time, resistance to chemicals and abrasion make them a trending choice in the electrical and electronics industry.
Regional Insights
Asia-Pacific: A Booming Market Fueled by Consumer Demand
The Asia-Pacific region has emerged as a significant market for soft-touch polyurethane coatings, driven by its growing consumer demand for high-quality and aesthetically pleasing products. The expanding automotive, electronics, and furniture industries in countries like China, India, and South Korea have contributed to the increasing need for soft-touch polyurethane coatings. The region’s manufacturing prowess and cost-competitive advantages make Asia-Pacific an attractive market for soft-touch polyurethane coating manufacturers and investors.
Middle East: A Progressive Market with an Eye on Sustainability
The Middle Eastern market is witnessing rapid growth in the soft touch polyurethane coatings sector, as the region focuses on developing sustainable and innovative solutions for various industries. The construction, automotive, and packaging industries are propelling the demand for soft touch polyurethane coatings, with countries like the United Arab Emirates, Saudi Arabia, and Qatar leading the way. The Middle East’s commitment to sustainable practices and its strategic location make it an appealing market for global soft touch polyurethane coatings manufacturers and investors.
Research Scope/Taxonomy
Market Analysis by Base Types:
Market Analysis by Product Types:
Market Analysis by End-use industry:
Market analysis by region:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Application w.r.t Base Types
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Technology Landscape
10.1. Introduction
10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Base Types [Value (US$ Mn) and Volume (Tons) Analysis]
10.3. Water-based
10.4. Solvent-based
12.3.Market Attractiveness Analysis by Base Types
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
11.3. 2K
11.4. UV (Ultra Violet)
12.3.Market Attractiveness Analysis by Product Type
12.1. Introduction
12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-use industry [Value (US$ Mn) and Volume (Tons) Analysis]
12.3. Transport and automotive
12.4. Electrical and electronics
12.5. Wood and furniture
12.6. Others (packaging, measuring devices)
12.7. Others
12.3.Market Attractiveness Analysis by End-use industry
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. Asia-Pacific
13.3.5. Middle East
13.3.6. Africa
13.4. Market Attractiveness Analysis by Region
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. U.S.
14.3.1.2. Canada
14.3.2. By Base Types
14.3.3. By Product Type
14.3.4. By End-use industry
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Base Types
14.4.3. By Product Type
14.4.4. By End-use industry
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Brazil
15.3.1.2. Mexico
15.3.1.3. Rest of Latin America
15.3.2. By Base Types
15.3.3. By Product Type
15.3.4. By End-use industry
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Base Types
15.4.3. By Product Type
15.4.4. By End-use industry
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. Germany
16.3.1.2. Italy
16.3.1.3. France
16.3.1.4. UK
16.3.1.5. Spain
16.3.1.6. Netherlands
16.3.1.7. Norway
16.3.1.8. Russia
16.3.1.9. Rest of Europe
16.3.2. By Base Types
16.3.3. By Product Type
16.3.4. By End-use industry
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Base Types
16.4.3. By Product Type
16.4.4. By End-use industry
17.1. Introduction
17.2. Key Market Trends
17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.3.1. By Country
17.3.1.1. China
17.3.1.2. Japan
17.3.1.3. South Korea
17.3.1.4. India
17.3.1.5. Indonesia
17.3.1.6. Thailand
17.3.1.7. Vietnam
17.3.1.8. Australia & New Zealand
17.3.1.9. Rest of Asia-Pacific
17.3.2. By Base Types
17.3.3. By Product Type
17.3.4. By End-use industry
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Base Types
17.4.3. By Product Type
17.4.4. By End-use industry
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. Saudi Arabia
18.4.1.2. Turkey
18.4.1.3. U.A.E.
18.4.1.4. Rest of the Middle East
18.4.2. By Base Types
18.4.3. By Product Type
18.4.4. By End-use industry
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Base Types
18.5.3. By Product Type
18.5.4. By End-use industry
19.1. Introduction
19.2. Key Market Trends
19.3. Pricing Analysis
19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
19.4.1. By Country
19.4.1.1. South Africa
19.4.1.2. Nigeria
19.4.1.3. Egypt
19.4.1.4. Rest of Africa
19.4.2. By Base Types
19.4.3. By Product Type
19.4.4. By End-use industry
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Base Types
19.5.3. By Product Type
19.5.4. By End-use industry
20.1. Tier Structure Breakdown
20.2. Market Share Analysis
20.3. Production Capacity Analysis
20.4. Company Footprint Analysis
20.4.1. Product Footprint of Players
20.4.2. Regional Footprint of Players
20.4.3. Channel Footprint of Players
20.5. Brand Preference Analysis
20.6. Competition Dashboard
21.1. RPM International Inc..
21.1.1. Company Overview
21.1.2. Product & Financial Portfolio
21.1.3. Manufacturing Facilities
21.1.4. Recent Developments
21.1.5. SWOT Analysis
21.1.6. Strategy Overview
21.2. The Sherwin Williams Company
21.3. PPG Industries Inc
21.4. Axalta Coating Systems Ltd.
21.5. Jotun AS
21.6. AkzoNobel N.V.
21.7. Aexcel Corporation
21.8. Sokan New Materials.