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Market Development

Several key players in global polyurethane resin paints and coatings market are involved in several growth strategies such as merger and acquisition, capacity expansion and new product launch in order to enhance their global position. For instance,

In March 2019, Henkel Adhesive Technologies, one of the leading player in global polyurethane resin, expands its polyurethane matrix resin, Locite MAX, portfolio by epoxy based high performance materials for automotive application. The introduction of the PU resin address the need for light weighting, higher-performing composite solutions and cost-effective solution for the automotive industry.

In September 2013, Henkel launched Locite Max 3, a polyurethane matrix resin. The company has taken step towards fully automated series production of composite components for the automotive industry.