Polyurea Coatings Market Worth $1,481 Million by 2025 - Exclusive Report by MarketsandMarkets™

News provided by

May 06, 2020, 10:30 ET

CHICAGO, May 6, 2020 /PRNewswire/ -- According to the new market research report "Polyurea Coatings Market by Type (Pure And Hybrid), Technology (Spraying, Pouring and Hand Mixing), End-Use Industry (Building & Construction, Transportation, Industrial, and Landscape), by Raw Material, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Polyurea Coatings Market size is projected to grow from USD 885 million in 2020 to USD 1,481 million by 2025, at a CAGR of 10.8% during the forecast period.

Request for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152676861

Browse in-depth TOC on "Polyurea Coatings Market"
140 – Tables
40 – Figures
147 – Pages

View Detailed Table of Content Here:

https://www.marketsandmarkets.com/Market-Reports/polyurea-coatings-market-152676861.html

The primary factor driving the polyurea coatings market includes the increase in demand from end-use industries such as building & construction, transportation, industrial, and landscape. Polyurea coatings have wide acceptability as they are environment-friendly and compliant with norms related to VOCs. Polyurea coatings are durable and formulated to offer resistance to humidity, fast curing time, smooth surface finish, chemical and abrasion resistance, excellent adhesion, and other mechanical & physical properties required in various applications across industries.

Hybrid polyurea is estimated to grow at the highest CAGR during the forecast period

Hybrid polyurea coatings are produced through two different chemical processes. They are produced through the chemical reaction of isocyanates, amine-terminated resins, and a hydroxyl functionality cross-linker or chain extender. Additionally, they are also produced through the chemical reaction of isocyanates, hydroxyl functional resins, and an amine-functional cross-linker or chain extender.

Hybrid polyurea coatings are moisture and temperature-sensitive due to the catalyst used in their formation. They have excellent abrasion resistance and adhesion to metal and concrete body or structure. Polyurea hybrid coatings are cheaper than pure polyurea coatings and are typically used in the building & construction, industrial, and other applications.

Pouring technology is expected to grow at the highest CAGR during the forecast period

Pouring (used for many floors and roof coatings) is an emerging technology for polyurea coatings. Two components: isocyanates and resin blend are poured with the help of a pouring gun. The pouring gun helps in the accurate mixing of ingredients that are mixed with a static mixer. The increasing residential and home remodeling/reconstruction/ renovation activities in the building & construction end-use industry are expected to drive the polyurea coatings market in this segment.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=152676861

The landscape segment is estimated to be the emerging end-use industry in the polyurea coatings market during the forecast period

The demand for polyurea coatings across the landscape industry has increased significantly in the recent past. The applications include aquariums, pools, water parks, theme parks, reservoirs, facades, and bathtub & cabins, among others. Polyurea coatings protect against moisture damage and resistance to chemicals, abrasion, and corrosion to landscape structures. These coatings are expected to replace paint and fiberglass due to their beneficial properties, such as fast cure and the ability to reduce maintenance cycles.

APAC is estimated to be the largest as well as the fastest-growing polyurea coatings market

APAC is expected to account for the largest share of the polyurea coatings industry during the forecast period. The building & construction, transportation, industrial, and landscape are the key industries for polyurea coatings manufacturers as these industries are expected to witness significant growth. Also, demand from various sectors in developing countries such as Japan, India, China, South Korea, Vietnam, Taiwan, and Singapore is contributing to the growth of the APAC polyurea coatings market. China is the largest consumer of polyurea coatings in the region and continues to drive global demand.

Major vendors in the polyurea coatings industry include PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Nukote Coating Systems (US), VersaFlex Incorporated (US), Armorthane Inc. (US), Wasser Corporation (US), Rhino Linings Corporation (US), Kukdo Chemical Co., Ltd. (South Korea), Voelkel Industrial Products GmBH (Germany) and Teknos (Finland).

Get 10% Free Customization on this Report:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=152676861

Browse Adjacent Markets: Coatings Adhesives Sealants and Elastomers Market Research Reports & Consulting

Related Reports:

Waterborne Coatings Market by Resin Type (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC), Application (Architectural and Industrial), Region (APAC, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2024

Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural [Residential, Non-residential], Industrial), and Region - Global Forecasts to 2024

Industrial Coatings Market by Resin (Polyurethane, Epoxy, Acrylic, Polyester, Alkyd), Technology (Solvent, Water, Powder, High Solids), End-Use Industry (Industrial, Industrial, Protective, Automotive, Aerospace, Marine, Wood, Packaging), and Region - Global Forecast to 2024

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/polyurea-coatings.asp