IMARC Group has recently released a new research study “Polyurea Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of Polyurea Coatings Industry?
The global polyurea coatings market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
What Is The Polyurea Coatings?
Polyurea coating refers to a protective coating that is manufactured by using a combination of resin and liquid polyurethane. It is highly durable, resistant to chemicals, heat, and water, non-toxic in nature, environmentally friendly, etc. Polyurea coating is used for protecting wooden, concrete, and steel structures from abrasions and corrosion. In line with this, it aids in preserving a deteriorating concrete building, repairing canals, and keeping them intact. Polyurea coating offers several benefits, including quick cure and shortening of maintenance cycles. Consequently, it is widely replacing paint and fiberglass coatings across various applications, particularly in the construction of pools, theme parks, bathtubs, water parks, aquariums, reservoirs, facades, cabins, etc.
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What are the key factors driving the Polyurea Coatings Market?
The growing number of infrastructural development activities is primarily augmenting the polyurea coatings market. Furthermore, the expanding construction and landscaping industries and the inflating levels of disposable income are positively influencing the global market. Apart from this, the widespread adoption of polyurea coating as a base coat in pumps, as it reduces cavitation and erosion while also improving pump performance, is acting as another significant growth-inducing factor. Moreover, continuous technological advancements in coating processes and techniques are further bolstering the market growth. Besides this, the rising utilization of premium waterproof coatings in residential buildings is catalyzing the global market. Additionally, the increasing investments in lining systems, such as landfill controls, for environmental protection, owing to the launch of favorable policies by government bodies to minimize high pollution levels, are expected to fuel the polyurea coatings market in the coming years.
Who Are The Key Players/Companies In The Global Polyurea Coatings Market?
Albemarle Corporation, ArmorThane USA Inc., BASF SE, Covestro AG, Huntsman Corporation, PPG Industries Inc., Rhino Linings Corporation, Specialty Products Inc., Teknos Group Oy, The Sherwin-Williams Company, VIP Coatings Intl Gmbh & Co. KG and Wasser Coatings.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Pure Polyurea
- Hybrid Polyurea
Breakup by Technology:
- Spraying
- Pouring
- Hand Mixing
Breakup by Raw Material:
- Aromatic Isocyanate-based
- Aliphatic Isocyanate-based
Breakup by End Use Industry:
- Building and Construction
- Transportation
- Industrial
Others
By Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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