UV Coatings to Emerge as the Top Choice in Soft Touch Polyurethane Coatings Market with Sales Forecast to Rise at 8.1% CAGR through 2031: Future Market Insights
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Monday, September 20, 2021
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DUBAI, U.A.E, Sept. 20, 2021 /PRNewswire/ -- As per the latest analysis by FMI, the global soft touch polyurethane coatings market is projected to grow at a robust CAGR of 7% during the forecast period 2021 to 2031. On account of the surging demand for environmentally safe and wear resistant coatings, the sales of soft touch polyurethane (PU) coatings is estimated to top 313 KT, registering a year-on-year (YoY) growth of 3.5% in 2021.
Key Points:
- A recent study conducted by FMI offers detailed insights into current market trends and opportunities facilitating the growth in the soft touch polyurethane coatingsmarket.
- Increasing sales of mobile and laptop is one of the chief drivers, facilitating the market growth.
- This rise in smartphone users will create high demand for phone cases and covers, thereby, providing remunerating sales opportunities for market player in the coming years.
- Growing application across furniture sector to protect wood from decay and molding is expected to spur the sales of soft touch polyurethane coatings.