The global polyurea coatings market size reached US$ 1.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 2.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2023-2032.
Polyurea coating is a protective coating that is made from a combination of resin and liquid polyurethane. This coating is highly durable, resistant to chemicals, heat and water, non-toxic in nature and therefore environmentally friendly. Along with protecting wooden, concrete and steel structures from abrasions and corrosion, it can help preserve a deteriorating concrete structure, repair canals, and keep them intact. An aluminized polyurea coating protects against corrosion and abrasion on pipes that carry corrosive and abrasive materials.
In order to prevent cathodic breakdown, it is used as a base coat in pumps as it reduces cavitation and erosion while also increasing pump performance. Due to its beneficial properties, including quick cure and shortening of maintenance cycles, it is swiftly replacing paint and fiberglass coatings across numerous applications, especially in the construction of water parks, aquariums, pools, theme parks, bathtubs, reservoirs, facades, and cabins.
The market is further propelled by the growing expenditure on lining systems for environmental protection, such as landfill controls, as a result of stringent regulations imposed by the governments of numerous countries to minimize pollution. Some of the other factors contributing to the market include rapid urbanization and industrialization, expanding infrastructural development, the inflating disposable income levels of the consumers, and extensive research and development (R&D) activities.
2. What is the expected growth rate of the global polyurea coatings market during 2024-2032?
3. What are the key factors driving the global polyurea coatings market?
4. What has been the impact of COVID-19 on the global polyurea coatings market?
5. What is the breakup of the global polyurea coatings market based on the type?
6. What is the breakup of the global polyurea coatings market based on the technology?
7. What is the breakup of the global polyurea coatings market based on the raw material?
8. What is the breakup of the global polyurea coatings market based on the end use industry?
9. What are the key regions in the global polyurea coatings market?
10. Who are the key players/companies in the global polyurea coatings market?
Polyurea coating is a protective coating that is made from a combination of resin and liquid polyurethane. This coating is highly durable, resistant to chemicals, heat and water, non-toxic in nature and therefore environmentally friendly. Along with protecting wooden, concrete and steel structures from abrasions and corrosion, it can help preserve a deteriorating concrete structure, repair canals, and keep them intact. An aluminized polyurea coating protects against corrosion and abrasion on pipes that carry corrosive and abrasive materials.
In order to prevent cathodic breakdown, it is used as a base coat in pumps as it reduces cavitation and erosion while also increasing pump performance. Due to its beneficial properties, including quick cure and shortening of maintenance cycles, it is swiftly replacing paint and fiberglass coatings across numerous applications, especially in the construction of water parks, aquariums, pools, theme parks, bathtubs, reservoirs, facades, and cabins.
Polyurea Coatings Market Trends:
The global market is majorly driven by considerable growth in the construction and landscaping industries. In addition to this, continual technological developments in coating processes and techniques are providing an impetus to the market growth. Moreover, the rising deployment of premium waterproofing coating in residential buildings is also acting as a significant growth-inducing factor for the market.The market is further propelled by the growing expenditure on lining systems for environmental protection, such as landfill controls, as a result of stringent regulations imposed by the governments of numerous countries to minimize pollution. Some of the other factors contributing to the market include rapid urbanization and industrialization, expanding infrastructural development, the inflating disposable income levels of the consumers, and extensive research and development (R&D) activities.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global polyurea coatings market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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
- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Questions Answered in This Report
1. How big is the global polyurea coatings market?2. What is the expected growth rate of the global polyurea coatings market during 2024-2032?
3. What are the key factors driving the global polyurea coatings market?
4. What has been the impact of COVID-19 on the global polyurea coatings market?
5. What is the breakup of the global polyurea coatings market based on the type?
6. What is the breakup of the global polyurea coatings market based on the technology?
7. What is the breakup of the global polyurea coatings market based on the raw material?
8. What is the breakup of the global polyurea coatings market based on the end use industry?
9. What are the key regions in the global polyurea coatings market?
10. Who are the key players/companies in the global polyurea coatings market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Polyurea Coatings Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Raw Material
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
- Wasser Coatings.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.2 Billion |
| Forecasted Market Value ( USD | $ 2.3 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
