POLYURETHANE RESINS PAINTS AND COATINGS MARKET ANALYSIS

Polyurethane Resins Paints And Coatings MarketSize and Trends

Market Outlook

Global polyurethane resins paints and coatings market size is expected to increase significantly during the forecast period, owing to rising use of polyurethane resins paints and coatings in various industries. Polyurethane resins paint is extensively used in the furniture industry to protect the wooden surface. It protects the surface from weathering and extends its lifespan. Growing population and increasing disposable income of individuals around the world are expected to increase the demand for furniture and thereby, support the market growth. Polyurethane resins coating finds also applications in heavy duty interiors and exteriors where durability of paint is crucial. Steel tanks, chemical processing equipment, offshore structure, oil-rigs, cleaning rooms, handrails, etc. require polyurethane reins coatings, which is expected to its demand and hence, boost growth of the market. Moreover, growing use of polyurethane resins paints and coatings in marine industry is expected to propel the market growth during the forecast period. Marine structure being constantly in contact with salt water is subjected to heavy wear tear. That is why polyurethane resins paints and coatings are majorly used as it provides protection against saltwater.