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Polyurea Coating Market to Grow 10.2% CAGR, Driven by Construction & Infrastructure

REPORTSINSIGHTS CONSULTING PVT LTD
8 min read
REPORTSINSIGHTS CONSULTING PVT LTD
REPORTSINSIGHTS CONSULTING PVT LTD

The global polyurea coating market is projected to reach $2.5 Billion by 2030, growing at a CAGR of 10.2% during 2022-2030. The market is segmented by raw material, type, technology, and application, including roofs, pipelines, secondary containment, industrial machines, transportation vehicles, floors, and more. Regional analysis also included.

New York, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Polyurea Coatings Market to Reach USD 2.5 billion By 2030, Growing at a 10.2% CAGR, According to Reports Insights Research Report. The Market was Worth USD 1.15 Billion in 2022 and Expected to See Strong Growth in Construction and Infrastructure Industries.

Polyurea is a high-performance coating material that is used to protect surfaces from abrasion, corrosion, and chemical damage. Such polyurea coatings are in high demand among various industries due to their ability to form a tough and flexible film that is applied in a single application. One of the key advantages of polyurea coatings is their fast curing time. This allows for a fast return to service and decreases the amount of time and resources required for application. Moreover, polyurea coating is considered as an extremely durable and resistant coating that has the ability to withstand harsh environments. Thus, such properties make these polyurea coatings an ideal alternative in industrial and marine applications.

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Furthermore, polyurea coating is sprayed or rolled onto a surface and is also tinted to match a specific color or finish. These coatings are also applied over various substrates such as concrete, metal, and wood, making them a versatile coating option. Further, polyurea coatings are resistant to a wide range of chemicals, including fuels, oils, and corrosive liquids which results in an increased ability to withstand harsh chemical environments. Thus, the increased focus on improving the lifespan of any application such as tanks, pipelines, concrete infrastructures, and others supports the demand for polyurea coatings. Moreover, Polyurea coatings are non-toxic and do not emit harmful fumes which aids in safe usage within a wide range of environments, including food and pharmaceutical facilities. Thus, growing awareness in terms of environmental sustainability and human health safety also supports the demand for such coatings.

Polyurea Coating Market Research Report Coverages:-

Report Attributes

Report Details

Market Size By 2030 

USD 2.50 Billion

Forecast Period

2022-2030

CAGR (2022-2030)

10.2%

Base Year

2021

Study Timeline

2016-2030

Key Players

Rhino Linings Corporation, BASF SE, PPG Industries Inc., Sherwin-Williams Company, The Euclid Chemical Company, Lord Corporation, AkzoNobel N.V., Alberdingk Boley GmbH, Wacker Chemie AG, Covestro AG, Sika AG, Huntsman Corporation, The Valspar Corporation, Kansai Paint Co. Ltd., Axalta Coating Systems, Hempel A/S, Jotun A/S, Gaco Western

By Type

Pure and Hybrid

By Technology

Spray Coatings, Hand Mixing, Pouring

By Viscosity Level

Low Viscosity and High Viscosity

By Application

Roofs, Pipelines, Secondary Containment (Frac Tanks, Trailers With Primary Storage Tanks, Chemical And Gasoline Tanks, Steel Holding Tanks, Water Tanks, Landfill Linings), Industrial Machines, Transportation Vehicles, Floors, Concrete Structures (Walls, Yard Decks, Parking Lots), Steel Structures, and Others

Report Coverage

Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more.

By Geography

Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

Europe [Germany, UK, France, Spain, Turkey, Italy, Russia, Netherlands, Switzerland]

North America [United States, Canada, Mexico]
South America [Brazil, Columbia, Argentina, Chile, Peru]
Middle East & Africa [GCC, North Africa, South Africa]

Key Market Highlights

  • The global polyurea coating market size is projected to exceed USD 2.50 billion by 2030 and grow at a CAGR of 10.2% during the forecast period (2022-2030).

  • Globally, polyurea coatings are divided based on raw materials: aliphatic diisocyanates and aromatic diisocyanates.

  • In the context of type, the market is bifurcated into pure and hybrid.

  • The market is also categorized as per technology: spray coatings, hand mixing, and pouring.

  • In the context of the application, the market is separated into roofs, pipelines, secondary containment (frac tanks, trailers with primary storage tanks, chemical and gasoline tanks, steel holding tanks, water tanks, landfill linings), industrial machines, transportation vehicles, floors, concrete structures (walls, yard decks, parking lots), steel structures, bridges, offshore (boat landings in offshore wind turbine foundations, spillway gates in hydropower stations), and others.

  • The market is geographically segregated into five regions: Europe, North America, the Asia-Pacific, South America, and the Middle East and Africa.

  • Asia Pacific and North America are anticipated to support industry growth during the forecast period in terms of the growing adoption of polyurea coatings by the building and construction industry in these regions.

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