Global Market for Polyurea Coatings is Anticipated to grow at a Significant Pace i.e., USD 1576.8 Million during the Forecast Period 2021-2027

Published Date: Aug, 2021

The global polyurea coatings market is expected to witness a CAGR of 11.1% during the forecast period. The factors boosting the growth of the polyurea coatings are the emerging applications in various end-use industries such as building & construction, transportation, industrial, and landscape. Polyurea coating has wider suitability as they are durable, ease-of-use, environment-friendly, and compliant with standards related to VOCs. This is due to the increased demand for consumer products and technological and infrastructural advancements. Manufacturers of polyurea coatings are investing in product development and making expansions in product portfolios to satisfy the increasing consumer demand.

The COVID-19 pandemic has shown a negative impact on the polyurea coatings market as more than 65% of companies in the construction ecosystem are severely impacted by the prolonged construction inactivity, thus unfavorable conditions hinder the market growth of the polyurea market globally.

PPG announced that it has reached a definitive agreement to acquire VersaFlex, a manufacturer specializing in polyurea, epoxy, and polyurethane coatings for water and wastewater infrastructure, flooring, transportation infrastructure, and industrial applications. VersaFlex is a portfolio company of DalFort Capital Partners.

Browse 63 market data Tables and 40 Figures spread through 180 Pages and in-depth TOC on " Polyurea Coatings Market by Type (Pure and Hybrid), by Technology (Spraying, Pouring, and Hand Mixing), by Application (Building & Construction, Transportation, Industrial, Landscape, and Others), by Raw Material (Aromatic Isocyanate and Aliphatic Isocyanate), and Region - Global Forecast to 2027"

The building & construction end-use industry is anticipated to project the largest share of the polyurea coatings market.

Polyurea coatings are widely used in the building & construction industry owing to their use in various applications such as bridge construction, commercial architecture, floor & roof coating, caulks, joint fill, parking decks, structural bonds, and concrete repair. Polyurea coatings are used to bridge cracks, improve tensile and compressive strength, be waterproof, provide corrosion resistance, chemical resistance, and improve other mechanical properties of the structure.

Global Polyurea Coatings Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

Pure,

Hybrid

Pure Polyurea

(Faster)

Technology

Spraying,

Pouring,

Hand Mixing

Spraying

(Leading)

Application

Building and construction,

Transportation,

Industrial,

Landscape,

Others

Building and Construction

(Leading)

Raw Material

Aromatic isocyanate,

Aliphatic isocyanate

Aromatic isocyanate

(Preferred)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

Discover More About This Report, Download A Free Sample Copy of Global Polyurea Coatings Market

“APAC is anticipated to be the largest as well as the fastest-growing polyurea coatings market.”

APAC is anticipated to be the fastest-growing economy in the polyurea coatings market owing to its high economic growth and significant investment in industries such as automotive, marine, building & construction, and manufacturing. The major players in North America and Europe are planning to move their manufacturing base to the Asia-Pacific region because of its ability to provide cheap raw materials, low production costs, and better service to local emerging markets. Furthermore, due to the increase in the disposable income of the middle-class population, the demand for high-quality products in the Asia-Pacific region continues to increase. This has led to an increase in the demand for polyurea coatings in the Asia-Pacific market.

Some of the major players operating in the global polyurea coatings market are The Sherwin-Williams Company, VersaFlex Incorporated, PPG Industries, Inc., KUDKO CHEMICAL CO. LTD, Rhino Linings Corporation, Huntsman International LLC., Armorthane, Rust-Oleum, SPI Performance Coatings, and Lse Building Preservation Ltd.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2027

Segments Covered in the Study

Type, Technology, Application, Raw Material, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

The Sherwin-Williams Company, VersaFlex Incorporated, PPG Industries, Inc., KUDKO CHEMICAL CO. LTD, Rhino Linings Corporation, Huntsman International LLC., Armorthane, Rust-Oleum, SPI Performance Coatings, and Lse Building Preservation Ltd

Polyurea Coatings Market Coverage

Type Insight and Forecast 2015-2027

  • Pure
  • Hybrid

Technology Insight and Forecast 2015-2027

  • Spraying
  • Pouring
  • Hand mixing

Application Insight and Forecast 2015-2027

  • Building and Construction
  • Transportation
  • Industrial
  • Landscape
  • Others

Raw Material Insight and Forecast 2015-2027

  • Aromatic Isocyanate
  • Aliphatic Isocyanate

Geographical Segmentation

Polyurea Coatings Market by Region

North America

  • By Type
  • By Technology
  • By Application
  • By Raw Material
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Technology
  • By Application
  • By Raw Material
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Technology
  • By Application
  • By Raw Material
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Technology
  • By Application
  • By Raw Material
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

Our Industry
Global Market for Polyurea Coatings is Anticipated to grow at a Significant Pace i.e., USD 1576.8 Million during the Forecast Period 2021-2027