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Polyurea Coatings Market Analysis with Size, Growth Drivers, Trends and Key Players at Douglas Insights

Douglas Insights

Douglas Insights

Key players in the market are PPG Industries, Inc., The Sherwin-Williams Company, Nukote Coating Systems, Versaflex Inc., Specialty Products Inc., Armorthane.

DOUGLAS, ISLE OF MAN, October 18, 2022 / — What is Polyurea Coatings?

Polyurea is an elastomer that is made by combining synthetic resin and reactive isocyanate materials in a process called “step-growth polymerization.” With the step-growth method of polymerization, an isocyanate part and a resin blend part come together to make polyurea.

Polyurea coatings are applied on surfaces and structures made of wood, steel, and concrete to protect them from damage caused by abrasion and corrosion. Polyurea coatings are used in a wide range of industries, including automotive, defence and security, material handling, irrigation, healthcare, construction, and infrastructure. In addition, polyurea coatings don’t get damaged by scratches, oils, chemicals, or salt, so they are often used on commercial and industrial floors.

There is numerous application that benefits from polyurea coatings, including the following:

Material management and the automotive industry:

Polyurea coatings have been used in the car business for more than thirty years. People like the coating because it can take a hit and has other useful mechanical properties.

Polyurea protects mining and construction equipment from wear and tear, and it can also be used to line dumps that are used to store abrasive materials like coal and metallic ores. It keeps coal, stones, and metal ores from damaging conveyors and waves of conveyors that move them.
It is also used to make bed liners and for large commercial vehicles and trucks that move goods.

Defense and security industries:

Polyurea coatings and linings are often used in the defence and security fields because they are resistant to impact, can absorb explosive energy, last a long time, and harden quickly.

There is a lot of information about how polyurea is used in the ballistic missile system. As a coating for military equipment, polyurea can adjust and expand with changes in temperature and make a seal that keeps water out. Coatings will be free of marks, dents, and damage from abrasion, and they will have a nice, shiny look. Spraying polyurea on the bed liner of a truck can reduce vibrations and make the truck safer. By putting polyurea on the outside of military buildings, bomb blasts can do less damage.

Surfaces of steel and concrete bridges:

Polyurea is used for the initial coating and as a repair/maintenance coating because it hardens quickly, can withstand impacts, and has high elongation and tensile strengths. In addition, the way polyurea is made, with a chain of molecules, makes it a very durable elastomer. This is what makes it useful in building and other fields.

Polyurea coatings can keep concrete structures from falling down by fixing the part of the structure that is falling apart and putting a protective seal around the cracked and deteriorating concrete.

Polyurea Coatings Market Size Analysis:

The global polyurea coatings market was valued at USD 776.22 million in 2018, and is projected to reach USD XX million by 2026, growing at a CAGR of 13.02% during the forecast period. Polyurea coatings are created by mixing two components: isocyanate prepolymer and an amino resin. These coatings are widely used in various industries such as construction, automotive, and mining, owing to their properties such as high abrasion resistance, flexibility, and toughness.

The construction industry is the largest end-use segment of the polyurea coatings market. The growth of the construction industry can be attributed to the increasing infrastructure development activities globally. In addition, the automotive industry is also one of the major consumers of these coatings due to their excellent performance under extreme conditions. Moreover, the mining industry is another significant consumer of these products due to their ability to resist wear & tear caused by abrasive materials.

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Polyurea Coatings Market Drivers:

Polyurea coatings are a type of protective coating that is increasingly being used in a variety of industries due to its superior performance characteristics.

Some of the key drivers for the growth of the polyurea coatings market include:

1. Increased demand from the construction industry: Polyurea coatings are extensively used in the construction industry for a variety of applications such as waterproofing, roofing, flooring, and wall cladding. The global construction industry is expected to grow at a healthy pace in the coming years, which will drive the demand for polyurea coatings.

2. Stringent environmental regulations: There is an increasing focus on reducing greenhouse gas emissions and complying with stringent environmental regulations. This has led to a shift towards using more environmentally-friendly products, which is benefiting the sales of polyurea coatings.

3. Technological advancements: The continuous development of new and improved technologies is another key driver for the polyurea coatings market. Newer generation products offer better performance and durability, which is fuelling their adoption in various industries.

Regional Outlook:

Asia Pacific is anticipated to be the fastest-growing Polyurea Coatings market over the forecast period. The market in Asia Pacific is expected to witness significant growth owing to the increasing construction activities and infrastructural development in countries such as China, India, and Japan.
The North American market is expected to witness significant growth over the forecast period because of the presence of many manufacturers in the region. On the other hand, the European market is expected to grow at a moderate pace over the forecast period due to stringent regulations regarding environmental protection.

The Middle East & Africa and Latin America are expected to be the potential markets for Polyurea Coatings over the forecast period.
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Polyurea Coatings Market Keyplayers Analysis:

Some of the key players in the global polyurea coatings market are PPG Industries, Inc., The Sherwin-Williams Company, Nukote Coating Systems, Versaflex Inc., Specialty Products Inc., Armorthane Inc., Wasser Corporation, Rhino Linings Corporation, Kukdo Chemical Co., Ltd., Voelkel Industrial Products GmbH (VIP). These companies have been profiled on the basis of their business overview, financial overview, business strategies, and recent developments in the field of polyurea coatings market.

Key Questions Answered In This Report

• Covid 19 impact analysis on global Polyurea Coatings industry.
• What are the current market trends and dynamics in the Polyurea Coatings market and valuable opportunities for emerging players?
• What is driving Polyurea Coatings market?
• What are the key challenges to market growth?
• Which segment accounts for the fastest CAGR during the forecast period?
• Which product type segment holds a larger market share and why?
• Are low and middle-income economies investing in the Polyurea Coatings market?
• Key growth pockets on the basis of regions, types, applications, and end-users
• What is the market trend and dynamics in emerging markets such as Asia pacific, Latin America, and Middle East & Africa?

Unique data points of this report

• Statistics on Polyurea Coatings and spending worldwide
• Recent trends across different regions in terms of adoption of Polyurea Coatings across industries
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2031 (forecast)

Table of Content:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Polyurea Coatings Market, by Raw Material, 2017-2026 (USD Billion)
1.2.2. Polyurea Coatings Market, by Polyurea Type, 2017-2026 (USD Billion)
1.2.3. Polyurea Coatings Market, by Technology, 2017-2026 (USD Billion)
1.2.4. Polyurea Coatings Market, by Application, 2017-2026 (USD Billion)
1.2.5. Polyurea Coatings Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Polyurea Coatings Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Polyurea Coatings Market Dynamics
3.1. Polyurea Coatings Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

Chapter 4. Global Polyurea Coatings Market Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Polyurea Coatings Market, by Raw Material
5.1. Market Snapshot
5.2. Global Polyurea Coatings Market by Raw Material, Performance – Potential Analysis
5.3. Global Polyurea Coatings Market Estimates & Forecasts by Raw Material 2016-2026 (USD Billion)
5.4. Polyurea Coatings Market, Sub Segment Analysis
5.4.1. Aromatic Isocyanate-Based Segment
5.4.2. Aliphatic Isocyanate-Based Segment

Chapter 6. Global Polyurea Coatings Market, by Polyurea Type
6.1. Market Snapshot
6.2. Global Polyurea Coatings Market by Polyurea Type, Performance – Potential Analysis
6.3. Global Polyurea Coatings Market Estimates & Forecasts by Polyurea Type, 2016-2026 (USD Billion)
6.4. Polyurea Coatings Market, Sub Segment Analysis
6.4.1. Pure Polyurea
6.4.2. Hybrid Polyurea

Chapter 7. Global Polyurea Coatings Market, by Technology
7.1. Market Snapshot
7.2. Global Polyurea Coatings Market by Technology, Performance – Potential Analysis
7.3. Global Polyurea Coatings Market Estimates & Forecasts by Technology, 2016-2026 (USD Billion)
7.4. Polyurea Coatings Market, Sub Segment Analysis
7.4.1. Spraying
7.4.2. Pouring
7.4.3. Hand Mixing

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