In terms of end use application, the largest share of PU coating sales in 2020 was in the protective coatings segment, with 32.1 % of the market. The industrial wood coatings segment made up 24.7 % of sales. These segments have been gaining share from alkyds recently and are set to grow further ( Figure 1 ). IRL attributes investments in infrastructure as driving the protective coatings market and growing construction for driving industrial wood coatings in some regions despite overall volumes declining. Miriam Peralta at Lubrizol, says that the main trends for protective ...