Polyurea Coatings Market Demand, Growth, Opportunities, Top Key Players and Forecast to 2023

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Polyurea Coatings Market has witnessed prominent growth in the past years and it is expected to market will showcase decent growth during the forecast period.

Polyurea Coatings Market Size, and Outline:

The Polyurea Coatings Market is estimated at USD xx.x million in 2017 and is expected to reach USD xx.x million in 2022, with a CAGR of xx.x% between 2017 and 2022. Several types of polymer-based coatings are available in the market with different combinations and functionalities. Polyurea coatings are among the most commonly used coatings on the world market. The polyurea coatings are obtained mainly by polyaddition reaction of an aliphatic isocyanate component or mixed prepolymer in an equal ratio of a multifunctional amine mixture. The polyurea raw material i.e. catalyst-free isocyanate and amines, are generally sprayed over the structure in a specific ratio.

It is expected that the demand for polyurea coatings will grow steadily in the global market due to the many benefits of these coatings over other conventional coatings. Polyurea coatings are hydrophobic and less reactive for most chemicals. In addition to chemical inertness, polyurea coatings offer superior physical properties, such as high surface resistance, high thermal stability, high tensile strength and extreme flexibility. In addition, polyurea coatings can be easily pigmented for different colors and can be formulated for flexibility ranging from soft elastomers to hard elastomers. Polyurea coatings can be reinforced with fibers as needed during application.

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Polyurea Coatings Market Drivers and Restraints:

Polyurea coatings have several advantages such as use in concrete coatings, waterproofing applications, pipe coatings, tank coatings, truck bed coatings, wagon coatings, EPS coating, and others. It is estimated that growth in construction and infrastructure activities is one of the most important factors in the growth of the global market for polyurea coatings. The increase in spending on infrastructure, including the construction of underground trains, the emphasis on improving public transport, urbanization, etc., are among the other drivers of the global market for polyurea coatings. In addition, it is considered that efforts to evaluate polyurea coatings for other applications are driving growth in the global market. The process of applying polyurea coatings involves high risks to health and requires specialized work. The health risks associated with spraying and toxicity of the vapors of the amine substrates and exposure to high-pressure equipment are considered an obstacle to the growth of the global market for polyurea coatings. Strict regulation of the use of polyurea coatings is expected to have an impact on market growth. Also influenced by market opportunities, several local players and suppliers of commodities have entered the market, which will probably reduce margins to the south.

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Polyurea Coatings Market Geographic Segmentation:

Over the years, Europe and North America have dominated the global market for polyurea coatings. The metro, construction, waterproofing and marine activities were the main applications of polyurea coatings in the regions. The Asia-Pacific region is expected to grow relatively faster and is expected to dominate the global market during the forecast period. It is expected that growth in construction activities and infrastructure development will stimulate growth in the polyurea market in the region. The market for polyurea coatings involves a variety of international and local actors who provide pure and hybrid coatings and raw materials.

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Key Takeaways from this Report:

  • For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
  • Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
  • Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
    Increase overall revenue by understanding the geographical impact on sales and distribution channels.
  • Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
  • Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
  • Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

Polyurea Coatings Market Key Players:

Among the participants in the global market of polyurea coatings are Huntsman Corporation, Versaflex Inc., PPG Industries Inc., Wasser Corporation, Rhino Linings Corporation, Marvel Coatings, Sherwin-Williams Corporation, Specialty Products, Inc., Nukote Coating Systems, among others.

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