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Polyurethane has the highest potential for growth in the automotive refinish coating market and is anticipated to gain share at the expense of other resin types. The polyurethane segment is predicted to be worth just under $4.7 billion at the end of 2022.
The agreement reportedly intends for BASF to further develop a new class of high-performance automotive coatings based on Sirrus’ proprietary methylene malonate technology.