Polyurea Coatings Market Size, Share, Demand & Industry Analysis 2022-2027 | IMARC Group

PRESS RELEASE

Published February 25, 2023

According to IMARC Group’s latest report, titled “Polyurea Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global polyurea coatings market size reached a value of US$ 1.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.71 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027.

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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Polyurea Coatings Market Trends:

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.

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Polyurea Coatings Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the polyurea coatings market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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.

Key Market Segmentation:

The report has segmented the polyurea coatings market on the basis of type, technology, raw material and end use industry.

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

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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