Rising
popularity of environment-friendly products is expected to boost the demand for
polyurea coatings over the forecast periods. High demand from the building
& construction, transportation, industrial, and chemical industry are
expected to drive the global polyurea coatings market over the forecast period
2018-2023. Polyurea coatings have numerous applications in the building &
construction industry such as playground fixtures, waterproof tank linings,
asbestos encapsulation, pipeline coatings, tunnels, pedestrian footpaths, floor
coverings, sewage pits, bridges, tanks, truck linings, and secondary
containments. Additionally, polyurea coatings are also employed in chemical
industries due to its superior chemical resistance properties.
However,
availability of alternatives, for instance, epoxies at lower cost than polyuria
coatings are likely to hamper the global polyurea coatings market during the
forecast period 2018-2023. However, polyurea coatings can last three to five
times longer than the conventional coatings which makes it quite
cost-effective.
The
global polyurea coatings market is segmented by type, raw material, technique,
end-use industry, and region.
On
the basis of the type, the global polyurea coatings market is segmented into
pure polyurea coatings and hybrid polyurea coatings.
On
the basis of the raw material, the global polyurea coatings market is segmented
into aromatic isocyanate and aliphatic isocyanate.
On
the basis of the technique, the global polyurea coatings market is segmented
into spraying, pouring, and hand mixing.
On
the basis of the end-use industry, the global polyurea coatings market is
segmented into building & construction, automotive, industrial, chemical,
and others.
On
the basis of the region, the global polyurea coatings are segmented into Asia
Pacific, North America, Europe, Latin America, and the Middle East &
Africa.
Regional
Analysis
The
global polyurea coatings market is segmented into five regions namely Asia
Pacific, North America, Europe, Latin America, and the Middle East and
Africa.
North
America is expected to be the largest market for polyurea coatings and is
expected to dominate the market over the forecast period owing to growing
renovation and repairing activities in the region.
Europe
is expected to be the second largest market for polyurea coatings owing to the
high demand from the established automotive industry. Stringent regulations
against the use of products that have high VOC content is contributing to the
growth of the North American and European region further.
Asia
Pacific is expected to be the fastest growing market for polyurea coating
across the globe due to growing investments in emerging economies and rapid
industrialization and urbanization. Large automobile industry in China is
adding fuel to the demand for polyurea coatings further.
The Middle
East & Africa is expected to show a steady growth for polyurea coatings
mainly from its building & construction industry.
Latin
America is also expected to witness significant demand for polyurea coatings
from its evolving construction industry mainly in Brazil, Mexico, Chile, and
Venezuela among others.
Key Players
Key Players
Some of the major players operating in the global polyurea
coatings market are VersaFlex Incorporated and The Polyurea People (U.S.), The
Sherwin-Williams Company (U.S.), PPG Industries, Inc. (U.S.), Rhino Linings
Corporation. (U.S.), KUDKO CHEMICAL CO. LTD. (South Korea), Huntsman
International LLC. (U.S.), Armorthane (U.S.), Rust-Oleum (U.S.), SPI
Performance Coatings (U.K), and Lse Building Preservation Ltd (U.K.).
Intended
Audience
- Polyurea coatings manufacturers
- Traders and distributors of polyurea coatings
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
To Browse Report with TOC Visit@ https://www.marketresearchfuture.com/reports/polyurea-coatings-market-5956
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