Materials & Chemicals / Polyurea Coatings Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players - SPI, Versaflex, PPG Industries, Polycoat Products
Polyurea Coatings Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - SPI, Versaflex, PPG Industries, Polycoat Products
Registering a CAGR of 10.9% over the forecast period of 2022-2027, the global polyurea coatings market is anticipated to reach the market value of US$ 829.3 million in the year 2027 from US$ 726.9 million in the year 2020.
Polyurea Coatings Market Overview
Increasing demand from the construction industry and the adoption of regulations in VOC emissions are the main driving aspects of the market. The growing popularity of eco-friendly products is driving the Polyurea Coatings market growth. Growing demand from the transportation, building & construction, industrial & chemical industries is projected to boost the polyurea coating market growth. These coatings have numerous applications in the building & construction industry like sewage pits, floor coverings, pedestrian footpaths, bridges, truck linings, and many more.
Accessibility of alternatives as epoxies are costs low compared to polyurea coatings is restrictive the polyurea coatings market growth. Moreover, it can last three to five times longer than the conventional coatings that make it cost-effective. Building and construction was the largest application accounting for 41% in previous year. Polyurea coatings are used in a variation of substrates such as concrete, metals, and wood across a range of temperature and humidity environments, and are ideal for use in many waterproofing, corrosion control, immersion, and lining applications.
Polyurea Coatings are completely used for residential and commercial applications which are predictable to have a positive impact on demand over the next eight years. The high humidity resistance of the product increases its application scope in roofing, membranes, containment liners, decks, car parking, bridges, and offshore, thereby augmenting demand.
Industry News and Updates
February 19, 2019: PPG Announces $10 Million Investment in Greenville, South Carolina, Coatings Services Facility--
GREENVILLE, S.C.-- PPG (NYSE:PPG) today announced a $10 million investment in a new 82,000-square-foot facility and class A paint line at its Greenville, South Carolina, coatings services facility. Scheduled for completion in August 2019, the expansion is designed to accommodate increased demand for class A coatings application and value-added services for the automotive and large truck markets. Class A coatings include those used on surfaces that are readily seen or touched by customers, such as hoods and door skins.
What are the major Applications, Types, Raw Materials, and Regions for Polyurea Coatings Market?
By Type, Polyurea Coatings Market has been segmented into
Pure Polyurea Coating
Hybrid Polyurea Coating
By Applications, Polyurea Coatings Market has been segmented into
Building & Construction
Transportation
Industrial
Others
By Raw Materials, Polyurea Coatings Market has been segmented into
Aromatic Isocyanate
Aliphatic Isocyanate
Polyurea Coatings Market Regional Analysis:
With a market share of more than 41%, Asia Pacific dominated the polyurea coatings industry, followed by North America and Europe. High economic growth and significant investment in industries such as automotive, maritime, building and construction, and manufacturing are mostly responsible for the expansion. APAC is a developing economy with numerous countries that are fast developing. Several industrial firms are interested in investing in this region. Most of the major businesses in North America and Europe are intending to relocate their manufacturing operations to APAC, which offers cheaper raw materials, lower production costs, and the opportunity to better service the local expanding market. The Asia-Pacific area is undergoing a transformation.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Polyurea Coatings Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 10.9 % over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this Polyurea Coatings Report
Evaluate Polyurea Coatings market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Polyurea Coatings market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Polyurea Coatings Materials Market?
The Polyurea Coatings Market is growing at a CAGR of 10.9% over the next 5 years.
Who are the key players in Polyurea Coatings Market?
What regions does this Polyurea Coatings Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Polyurea Coatings Market?
Pure Polyurea Coating, Hybrid Polyurea Coating
What are the major end-use applications of the Polyurea Coatings Market?
Building & Construction, Transportation, Industrial Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
