Polyurea Coatings Market Research Report 2028 – Market Size and Forecast


Intelligence DataM

The global polyurea coatings market is expected to reach a high CAGR of 1.9% during the forecast period (2021-2028).

The global polyurea coatings market is expected to reach a high CAGR of 1.9% during the forecast period (2021-2028).

– DataM Intelligence

CLEVELAND, OHIO, UNITED STATES AMERICA, September 29, 2021 /EINPresswire.com/ –

Market Snapshot
Polyurea is an elastomer derived from the combination of a synthetic resin and isocyanate reactive substances. Polyurea coatings have exceptional, high strength and unprecedented durability, therefore, provide excellent protection to various metal substrates, wood, concrete, plastic, fiberglass, urethane foam and many other substrates.

Emerging polyurea coatings programs in various discontinued use industries including construction and creative, automotive, defense region, with the advancing age of coatings is expected to drive the market over the anticipated duration. . In addition, the rapid growth in infrastructure spending and the emphasis on improving public services, the creation of subways and urbanization are creating favorable conditions for the boom in the polyurea market.

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Market dynamics
Concerns Over Environmental Susceptibility Expected To Boost Polyurea Market

Polyurea coatings are non-toxic and now do not incorporate solvents in production and production. Polyurea coatings have a high content of 100% without the introduction of thinner, heavy metals and volatile organic compounds (VOCs). Therefore, they are environmentally friendly and comply with the standards stipulated by the authorities that track the environmental results (VOCs) of volatile organic compounds. For example, the Council of the European Union for Eco-Labeling (EUEB) identifies and lists the classifications and hazardous characteristics of preparations, compounds and materials that cannot be used by automotive and automotive users. construction, as stipulated in the eco-label regulation.

Now, growing environmental concerns about the risks associated with coatings of materials containing unstable natural compounds (VOCs) and the evolving trends towards the adoption of advanced and environmentally friendly coatings are expected to put pressure on the demand for polyurea coatings. .

Poor adhesion due to the highly reactive nature of polyurea coatings is expected to hamper market growth
Polyurea coatings are quite reactive and cure briefly, placement of the coat without adequate wetting time can result in poor adhesion to the substrate. Thus, formulators must ensure that the surface is completely wetted before the coating units.

Additionally, scent coatings, a kind of polyurea based coatings, can react to UV rays, causing color adjustments and chalking. In this case, an aliphatic polyurea should be used for cultivated and visible enchantment.

Segment analysis
By type
• Pure polyurea
• Hybrid polyurea
By raw material
• Aromatic Isocyanate
• Aliphatic isocyanate
By technology
• Spraying
• To pay
• Hand mixing
By end user
• Building construction
• Automotive
• Industrial
• Defense and security
• Health care
• Countryside
• Others

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Geographic analysis
Asia-Pacific is expected to dominate the polyurea coatings market during the forecast period

Asia-Pacific is the fastest growing market for polyurea coatings, driven by high economic growth and substantial investment in automotive, building and construction, marine, and manufacturing. For example, China has remained the largest automobile manufacturing country and the world’s largest automobile market since 2009. According to the Statista study, in 2018, annual vehicle production in China accounted for more than 30% of global production of vehicles, which exceeds that of the European Union or that of the European Union. the United States and Japan combined.

Asia-Pacific is an emerging economy with many rapidly developing countries. For example, India is a lucrative market for polyurea coatings due to increased investment in infrastructure and smart city development.

Additionally, most of the major US and European players are planning to move their manufacturing base to APAC. It offers cheap raw materials, low cost production and the ability to serve the emerging local market, which has led to increased demand for polyurea coatings in the APAC market.

Competitive landscape
The polyurea coatings market is moderately competitive with the presence of local and global companies. Some of the major players contributing to market growth include Specialty Products, Inc., Nukote Coating Systems, Huntsman Corporation, Rhino Linings Corporation, Marvel Coatings, Versaflex Inc., PPG Industries Inc, Wasser Corporation, Voelkel Industrial Products GmBH, Teknos among others. Major players are adopting several growth strategies such as product launches, acquisitions and collaborations, which are contributing to the growth of the global polyurea coatings market.

Related topics
Polyurethane Electrically Conductive Adhesives Market, Polyurethane Sealants Market, Polyurethane Foam Market

Sai Kiran
DataM Intelligence 4Market Research LLP
+1 877-441-4866
[email protected]
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