[Springfield, MO, November 2019] — ArmorThane®, a leader in the protective coatings and foam industry is excited to announce a new joint venture with Bangkok Integrated Trading (BIT) which is owned and operated by Somchai Punyapongpaet of Bangkok, Thailand. Mr Punyapongpaet has more than 40 years experience in the spray foam industry and ArmorThane that recently celebrated 30 years of business in the polyurea coating industry making this alliance a perfect fit.
BIT has established itself as a leader in the spray foam industry by developing quality products and solutions for original equipment manufacturers and spray foam contractors in the ASEAN (Association of Southeast Asian Nations) territory. By combining the expertise of the two companies, we forecast the next few years to be an upward trajectory. Especially considering, recent reporting shows the Polyurea market itself to be over 1.5 billion for the next year and continue on at a CTGR (compound annual growth rate) of over 15%. Polyurethane foam itself is expected to reach over 2 billion in the coming year with a CAGR over 5%.
ArmorThane is a multinational world leader in the spray coatings market. If you are interested in learning more or potentially becoming an ArmorThane applicator.
Give ArmorThane a call at 1-800-227-2905 or visit ArmorThane.com for more information.