According to the latest report by IMARC Group, titled “Polyurea Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global polyurea coatings market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global polyurea coatings market size reached US$ 1.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.71 Billion by 2027, exhibiting a growth rate (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.
Request A Pdf Sample Copy For More Detailed Market Insights: https://www.imarcgroup.com/polyurea coatings-market/requestsample
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.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the 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.
The report has been segmented the market into following categories:
Breakup by Type:
- Pure Polyurea
- Hybrid Polyurea
Breakup by Technology:
- Hand Mixing
Breakup by Raw Material:
- Aromatic Isocyanate-based
- Aliphatic Isocyanate-based
Breakup by End Use Industry:
- Building and Construction
- 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
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
Ask An Analyst: https://www.imarcgroup.com/request?type=report&id=6533&flag=C
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 |
Africa and Europe :- +44-702-409-7331 |
Asia: +91-120-433-0800, +91-120-433-0800
Coper is highly experienced in creating engaging content that adds real value to a blog, website, or brand.