Polyurea coatings are applied to increase the durability of substrates from external conditions. Polyurea coatings offer various advantages such fast setting rate, more thickness of coatings, high weather resistance over conventional coatings, and eco-friendly. Furthermore, it exhibits excellent abrasion resistance, chemical resistance, moisture resistance, high strength, and corrosion resistance over conventional coatings. Growing popularity of eco-friendly products among developed countries is expected to drive the global polyurea market over the forecast period. Additionally, a wide range of applications in end-use industry such as building & construction, automotive, industrial, and chemical is expected to drive the global polyurea market over the forecast period 2018-2023. —
Key Company analysis to 2023
Competitive Analysis Some of the key players in the global polyurea coatings market are VersaFlex Incorporated and The Polyurea People (U.S.), The Sherwin-Williams Company (U.S.), PPG Industries, Inc. (U.S.), Rhino Linings Corporation. (U.S.), KUDKO CHEMICAL CO. LTD. (South Korea), Huntsman International LLC. (U.S.), Armorthane (U.S.), Rust-Oleum (U.S.), SPI Performance Coatings (U.K), and Lse Building Preservation Ltd (U.K.).
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LIST OF TABLES
Table 1 Global Polyurea Coatings Market: By Region, 2018-2023
Table 2 North America Polyurea Coatings Market: By Country, 2018-2023
Table 3 Europe Polyurea Coatings Market: By Country, 2018-2023
Table 4 Asia-Pacific Polyurea Coatings Market: By Country, 2018-2023
Table 5 Middle East & Africa Polyurea Coatings Market: By Country, 2018-2023
Table 6 Latin America Polyurea Coatings Market: By Country, 2018-2023
Table 7 Global Polyurea Coatings Type Market: By Regions, 2018-2023
Table 8 North America Polyurea Coatings Type Market: By Country, 2018-2023
Table 9 Europe Polyurea Coatings Type Market: By Country, 2018-2023
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The global Polyurea Coatings Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America is expected to be the largest market for polyurea coatings across the globe followed by Europe, which is further trailed by the Asia Pacific. However, Asia Pacific is expected to be a fastest growing market for polyurea coatings owing to the huge growth potential of emerging economies. The Middle East & Africa is expected to witness a steady demand for polyurea coatings over the forecast period. Latin America is expected to exhibit a significant demand for polyurea coatings in the coming years.
The global polyurea coatings market is segmented by type, raw material, technique, end-use industry, and region. On the basis of the type, the global polyurea coatings market is bifurcated into pure polyurea coatings and hybrid polyurea coatings. The hybrid polyurea coatings are projected to hold the largest share of the market due to its low cost, excellent moisture & abrasion resistance, and superior compatibility with metal & concrete structures for applications in building & construction, industrial, automotive, and chemical industry. On the basis of the raw material, the global polyurea coatings market is segmented into aromatic isocyanate and aliphatic isocyanate. The aromatic isocyanate-based polyurea coating is accounted for the largest share of the raw material used category due to the low cost of the product.
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Rising popularity of environment-friendly products is expected to boost the demand for polyurea coatings over the forecast periods. High demand from the building & construction, transportation, industrial, and chemical industry are expected to drive the global polyurea coatings market over the forecast period 2018-2023. Polyurea coatings have numerous applications in the building & construction industry such as playground fixtures, waterproof tank linings, asbestos encapsulation, pipeline coatings, tunnels, pedestrian footpaths, floor coverings, sewage pits, bridges, tanks, truck linings, and secondary containments. Additionally, polyurea coatings are also employed in chemical industries due to its superior chemical resistance properties.
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