POLYURETHANE COATING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In April 2024, Huntsman Corporation, a global manufacturer and marketer of differentiated chemicals, announced the launch of its new SHOKLESS polyurethane systems designed to protect electric vehicle (EV) batteries. These advanced polyurethane solutions are engineered to provide superior shock absorption and thermal insulation, ensuring the safety and performance of EV batteries.
• In 2023, Huntsman Corporation announced plans to launch new coatings products at the European Coatings Show (ECS). The ECS, one of the largest international trade fairs for paint, coatings, sealants, construction chemicals, and adhesives, provides an ideal platform for Huntsman to showcase its latest innovations in the coatings industry.
• In 2023, Covestro , a leading manufacturer of high-tech polymer materials and solutions commenced the production of polyurethane elastomer systems at its newly established plant in Shanghai, china . This significant investment, amounting to several million euros, is part of a broader strategy to enhance its elastomer raw materials capabilities.
• In 2022, BASF SE, a chemical company introduced an innovative polyurethane product known as RODIM film. This advanced film is designed to protect automotive paint, offering an invisible layer of defense. RODIM film is expected to deliver multifaceted and long-lasting protection for car coatings, safeguarding vehicles from various environmental factors and wear. This launch underscores BASF SE's commitment to enhancing automotive durability and aesthetics through cutting-edge materials technology.