Polyurea Coatings Market by Type (Pure and Hybrid), Technology (Spraying, Pouring, and Hand Mixing), Application (Building & Construction, Transportation, Industrial, and Landscape), Raw Material, and Region - Global Forecast to 2022
“The polyurea coatings market is projected to grow at a CAGR of 13.10% from 2017 to 2022, in terms of value”
The polyurea coatings market is projected to grow from USD 684.3 million in 2017 to USD 1,266.5 million by 2022, at a CAGR of 13.10% between 2017 and 2022. The growing demand for polyurea coatings from the building & construction and transportation sectors is expected to fuel the growth of the polyurea coatings market. These coatings have no VOC content and provide excellent performance as well as fast curing ability. However, higher cost of polyurea coatings as compared with other coating technologies is restraining the growth of the polyurea coatings market.
“The landscape segment is projected to be the fastest-growing application segment of the polyurea coatings market both, in terms of value and volume”
The demand for polyurea coatings across various landscape applications has increased significantly over the past few years. Landscape applications include aquariums, pools, water parks, theme parks, reservoirs, facades, and bath tub & cabins. The increasing usage of spray-applied polyurea coatings in landscape applications is anticipated to drive the growth of the polyurea coatings market.
“Rising demand for polyurea coatings from end-use industries in the Asia-Pacific region is expected to drive the growth of the polyurea coatings market”
The polyurea coatings market in the Asia-Pacific region is expected to witness significant growth, owing to increase in infrastructural activities and rise in initiatives undertaken by research institutions to drive R&D investments for the technological development of polyurea coatings. These institutions are focused on improving the performance, efficiency, and durability of polyurea coatings, thereby enhancing their applicability across varied end-use industries.
The break-up of primary interviews is given below:
• By Company Type: Tier 1 – 27%, Tier 2 – 46%, and Others – 27%
• By Designation: C-level – 36%, D-level – 28%, and Others – 36%
• By Region: Asia-Pacific – 46%, Europe – 27%, North America – 18%, and South America & MEA – 9%
Key companies operational in the polyurea coatings market include VersaFlex Inc. (U.S.), PPG Industries, Inc. (U.S.), Sherwin-Williams Company (U.S.), Rhino Linings Corporation (U.S.), Kukdo Chemical Co., Ltd. (South Korea), Nukote Coating Systems (U.S.), VIP GmbH (Germany), and Specialty Products, Inc. (U.S.), among others.
The report covers the market for polyurea coatings and their applications across different industry verticals and regions. It aims at estimating the market size and future growth potential of the polyurea coatings market for varied technologies, types, raw materials, applications, and regions. The report also includes an in-depth competitive analysis of key players in the market, along with their company profiles, recent developments, and key market strategies.
Reasons to buy the Report
The report will help market leaders/new entrants by providing them the closest approximations of revenues of the polyurea coatings market. This report will help stakeholders better understand the competitive landscape, gain insights to position their businesses, and formulate market strategies. The report will also help stakeholders understand the pulse of the market and acquire information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on polyurea coatings offered by top market players
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the polyurea coatings market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for polyurea coatings across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the polyurea coatings market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the polyurea coatings market
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