Polyurea Coatings Market – Snapshot

Elastomers derived from the reaction of resin-blend components and isocyanate components are called polyurea coatings. Isocyanate components can be aliphatic, aromatic, monomer, or polymer. Polyurea coatings are non-toxic and solvent-free. Therefore, they are considered environmentally safe. Polyurea coatings possess properties such as favorable adhesion strength, temperature stability, water resistance, and high elongation for crack bridging.

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Superior properties offered by polyurea coatings compared to other coating systems are anticipated to boost the polyurea coatings market. Polyurea coatings are also considered environmentally friendly due to the zero VOC content. This coupled with high growth of end-user industries is projected to propel the market in the near future. However, high cost of spraying equipment is likely to hamper the market. Implementation of stringent regulations regarding raw material processing is also estimated to negatively impact the polyurea coatings market. Nevertheless, rise in demand for low VOC and green & sustainable coatings offer immense opportunities to the polyurea coatings market.

The polyurea coatings market has been segmented based on type, technology, application, raw material, and region. Based on type, the market has been bifurcated into pure polyurea and hybrid polyurea. In terms of value, hybrid polyurea was the major segment of the polyurea coatings market in 2017, owing to the low cost of hybrid polyurea compared to pure polyurea. Based on technology, the polyurea coatings market has been divided into spraying, pouring, and hand mixing. The spraying segment is projected to expand at a faster pace than other segments, as spraying is a machine-based technology that helps lower the application time of coating. It also increases efficiency and allows control over the coating thickness. In terms of application, the market has been classified into building & construction, transportation, industrial, and landscape. The building & construction segment held key share of the global polyurea coatings market in 2017 owing to the expansion in the residential construction industry in the U.S., followed by that in India, Myanmar, and Vietnam. Based on raw material, the polyurea coatings market has been segregated into aromatic-based and aliphatic-based.

In terms of region, the global polyurea coatings market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for prominent share of the global polyurea coatings market in 2017. It was followed by Asia Pacific, Europe, Middle East & Africa, and Latin America. However, Asia Pacific is expected to be a rapidly growing region of the market during the forecast period. Europe is anticipated to constitute significant share of the market during the forecast period. High degree of competition exists among players operating in the global polyurea coatings market. Dominated by large players, the market is moderately consolidated. Key players account for major share of the market. Prominent players profiled in the report are Albemarle Corporation, Huntsman Corporation, Nukote Coating Systems International, PPG Industries Inc., The Sherwin-Williams Company, Covestra AG, BASF SE, Rhino Linings Corporation, Duraamen Engineered Types Inc., and Zhuhai Feiyang Novel Materials Corporation Limited.

Polyurea Coatings Market - Overview

Polyurea coatings are capable of holding two surfaces together in a strong and permanent manner. They are employed for their holding and bonding power. Polyurea coatings are materials with high shear and tensile strength. They join substances of different geometrics, sizes, and composition. They eliminate corrosion when associated with metals. These coatings do not produce any deformation in materials by eliminating the metal grinding process. Polyurea coatings do not produce any mechanical aggression to the substrate and avoid damage to the structure of the material. They improve flexibility in product design and esthetics. Polyurea coatings provide sealing and protection against corrosion.

In terms of type, the polyurea coatings market has been bifurcated into pure polyurea and hybrid polyurea. Based on technology, the polyurea coatings market has been divided into spraying, pouring, and hand mixing. In terms of application, the market has been segregated into building & construction, transportation, industrial, and landscape. In terms of raw material, the polyurea coatings market has been classified into aromatic-based and aliphatic-based. The aromatic-based segment dominated the polyurea coatings market in 2017, as these coatings are durable and are used to coat automotive part surfaces. These coatings possess corrosion resistance properties and are used in pipe linings, pump stations, wet wells, digesters, clarifiers, and manhole lining applications.

Based on region, the global polyurea coatings market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held prominent share of the global polyurea coatings market in 2017. The U.S. accounted for a major share of the polyurea coatings market in North America in 2017 due to the rise in demand for polyurea coatings in end-user industries such as building & construction, transportation, industrial, and landscape in the country. Expansion in the residential construction industry in the U.S. and the ongoing renovation activities of buildings are expected to drive the market in the near future.

The report analyzes and forecasts the polyurea coatings market at the global and regional levels. The market has been forecast in terms of volume (thousand liters) and revenue (US$ thousand) from 2018 to 2026. The study includes drivers and restraints of the global polyurea coatings market. It also covers the expected impact of these drivers and restraints on demand for polyurea coatings during the forecast period. The report also highlights growth opportunities for the polyurea coatings market at the global and regional levels.

The report comprises detailed value chain analysis, which provides a comprehensive view of the global polyurea coatings market. The Porter’s Five Forces model for the polyurea coatings market has also been included to help understand the competition landscape. The report also includes the analysis of various type, technology, application, and raw material segments based on their market size, growth rate, and segment attractiveness. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and future demand for polyurea coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers segmentation based on individual type, technology, application, and raw material segments of the market in all the regions.

The study includes profiles of major companies operating in the global polyurea coatings market. Key players profiled in the report are Albemarle Corporation, Huntsman Corporation, Unquote Coating Systems International, PPG Industries Inc., The Sherwin-Williams Company, Covestra AG, BASF SE, Rhino Linings Corporation, Duraamen Engineered Types Inc., and Zhuhai Feiyang Novel Materials Corporation Limited. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides size (in terms of volume and value) of the polyurea coatings market for the base year 2017 and the forecast for the period between 2018 and 2026. The size of the global polyurea coatings market has been provided in terms of volume and revenue. Market numbers have been estimated for type, technology, application, raw material, and regional segments. The market size and forecast for each type, technology, application, raw material and regional segment have been provided for the global and regional markets.

The global polyurea coatings market has been segmented as follows: 

Global Polyurea Coatings Market, by Type

  • Pure
  • Hybrid

Global Polyurea Coatings Market, by Technology

  • Spraying
  • Pouring
  • Hand Mixing

Global Polyurea Coatings Market, by Application

  • Building & Construction
  • Transportation
  • Industrial
  • Landscape

Global Polyurea Coatings Market, by Raw Material

  • Aromatic-based
  • Aliphatic-based

Global Polyurea Coatings Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Indonesia
    • Taiwan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa
.