Polyurea Coatings Market

Global Polyurea Coatings Market is valued at USD 984.1 Million in 2021 and expected to reach USD 2030.3 Million by 2028 with the CAGR of 10.9% over the forecast period.

Global Polyurea Coatings Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for PU coatings from end-use industries and various innovations, developments, and expansions in different industries are the major factors for driving the growth of the market.

Scope of Polyurea Coatings Market:

The type of polymer that used as a coat & seal material in garage floor is known as polyurea coating. It is used due its high durability, its lasts longer quality than traditional coatings and it is scratch-resistant, easy to install. These coatings are also resistant to chemicals and other stains. These are much less expensive alternative to other floor maintenance and restoration types. This coating protects wooden, concrete and steel surfaces & structures from abrasion & corrosion.

Covid-19 has negatively impacted on global polyurea coating market owing to government lockdown restrictions, halt in production, disturbance in whole supply chain, which potentially hampered the growth of the coating industry including polyurea coating industry. The prolonged lockdown restrictions and the sudden decline in the growth of numerous industries such as manufacturing, automotive, construction, transportation & others, has severely hampered the demand for coating industry as these industries plays vital role in coating applications. With this polyurea coating industry is no exception.

Global polyurea coatings market is segmented into type, technique, end-use industry and region. On the basis of type the market is segmented into pure and hybrid. On the basis of technique, the market is segmented into spraying, pouring and hand mixing. On the basis of end-use industry, the market is segmented into building & construction, transportation, industrial, and chemical.

The regions covered in this Global Polyurea Coatings Market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of global flat steel is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Polyurea Coatings Market Key Players

• BASF SE
• Versaflex Inc.
• The Sherwin-Williams Company
• Nukote Coating Systems
• PPG Industries, Inc.
• Specialty Products Inc. (SPI)
• Armorthane Inc.
• Wasser Corporation
• Kukdo Chemical Co., Ltd
• Huntsman Corporation

Polyurea Coatings Market Segmentation:

By Type

• Pure
• Hybrid

By Technique

• Spraying
• Pouring
• Hand Mixing
• Page Break

By End-Use Industry

• Building & Construction
• Transportation
• Industrial
• Chemical

Increasing demand for polyurea coating in wide range of applications is one of the major driving factors to boost the market growth.

As polyurea coating provide numerous advantages and it has emerged as a new staple in the coating industry. Also, the current requirements for the engineering and construction structures have led new developments in modern construction materials for possessing extraordinary parameters. Polyurea coating is no exceptions for it. All this suggests that construction and building industry are one of the biggest users of these kinds of coatings.

Moreover, rapid industrialization is also boosting the growth of polyurea coating market. Polyurea coating is mainly used in industries such as chemical, oil & gas, mining, water supply & treatment, as a pipeline coating, tank coating & also for machinery & equipment coating. Moreover, as the demand for polyurea coating is also emergingly used as anti-scratch and anti-corrosive coating. Thus, growing automotive production is also elevating the demand for polyurea coating market.

However, factors such as presence of substitutes such as epoxy at lower cost and fluctuating raw material cost are restraining growth of the market. Despite, increasing utilization of containment solutions in mining and construction sectors on account of the focus on environmental protection is expected to provide new hikes in the market over the forecast period.

Asia Pacific Holds a Major Share in the Global Polyurea Coatings Market.

Geographically, Asia Pacific is dominating the growth of polyurea coating market owing to rapid industrialization, high economic growth, and rising focus on investments in many industries such as marine, building & construction, automotive, and manufacturing. Moreover, with increasing economic growth, the region is experiencing an increase in demand for premium and high-quality products, consequently there is surge in demand for polyurea coatings. Thus, by new innovating strategy, the leading players from the developed and developing countries such as India are contributing to the growth of the market into the region. For example, Covestro company is look at industrial coatings market as growth drivers for its Coatings, Adhesives & Specialties (CAS) business unit in India. Its Indian unit offers polyurethane (PU) raw materials, which are used as building blocks in coatings and are versatile as they can be used on any substrate – metal or composite. Due to which, India is viewed as one of the bright spots in otherwise gloomy global marketplace. This led the growth of polyurea coating market into the region.

Likewise, North America witnessing strong growth in polyurea coating market due to rising concern regarding environmental protection in the manufacturing and construction industries, due to which numerous developed countries such as U.S., Canada, etc., has passed numerous regulations to improve the infrastructure for environmental protection & water supply systems. For instance, the government of Canada has announced the New Building Canada Plan for ten years, which is aimed at the funding of about USD 33 billion to promote investments in domestic infrastructure. The plan also amended with an investment of about USD 75 billion for public infrastructure and about USD 53 billion for building provincial, territorial, and municipal infrastructure in Canada. This results in increasing construction of building & their structures. Thus, there is rising demand for polyurea coatings, it is boosting the growth of the market in North America.

NEWS:

Antimicrobial Polyurea Coatings with Rare Earth-Doped Nano-Zinc Oxide Particles.

On 1st November 2021- Microbial Biotechnology has published blog on research on rapid nano-Zinc oxide doped preparation for polyurea coating owing to increasing urgent need for antiviral and antimicrobial coatings for surfaces in public spaces & healthcare environment due to Covid 19 pandemic. This Zinc oxide has potent antimicrobial and antiviral properties; thus, its use has been explored intensively.

 

On Special Requirement Polyurea Coatings Market Report is also available for the below Regions and Countries:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

The Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 984.1 Million
Base year considered	2021
Forecast Period CAGR %:	10.9%
Market Size Expected in 2028:	USD 2030.3 Million
Tables, Charts & Figures:	175
Pages	196
Polyurea Coatings Companies	BASF SE, Versaflex Inc., The Sherwin-Williams Company, Nukote Coating Systems, PPG Industries, Inc., Specialty Products Inc. (SPI), Armorthane Inc., Wasser Corporation, Kukdo Chemical Co., Ltd, Huntsman Corporation and others.
Segments Covered	By Type, By Technique, By End-Use Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Polyurea Coatings Market Report–

• Global Polyurea Coatings Market report covers in depth historical and forecast analysis.
• Global Polyurea Coatings Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Polyurea Coatings Market report helps to identify opportunities in marketplace.
• Global Polyurea Coatings Market report covers extensive analysis of emerging trends and competitive landscape.