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″, The global 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.
Don’t miss out on business opportunities in Polyurea Coatings Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=152676861
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.
The global 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. Increased demand for polyurea coatings in the building & construction, transportation, industrial, and landscape end-use segments, the emergence of new applications, and the growth of the industries mentioned above in India, China, Brazil, South East Asia, and Mexico are expected to contribute to the growth of the market in the near future.
Browse and in-depth TOC on “Polyurea Coatings Market – Global Forecast to 2025”
140 – Tables
40 – Figures
147 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/polyurea-coatings-market-152676861.html
Polyurea coating is an innovative technology with no-VOC content. It is used in roof coatings, sealing facades or foundations, coating floor slabs & parking decks, truck cargo beds, bed linings, steel and concrete coatings in bridge, tank & pipeline engineering, waterproofing of pools & ponds, and amusement park & zoo, among others. Emerging applications of polyurea coatings in different end-use industries with the advancement of the coating technology are expected to drive the polyurea coatings market during the forecast period. Polyurea coatings have zero VOC-content, longer pot life, and faster curing ability. They can be used in extreme conditions (under high humidity and/or at low temperatures). Polyurea coating products might not completely replace other systems but have tremendous potential to emerge as a significant segment of the high growth niche coating markets.
The key players of the polyurea coatings market 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). Mergers & acquisitions, investments & expansions, and R&D have been the major strategies adopted by the key players between 2017 and 2020, which helped them broaden their customer base.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152676861
In line with the rising demand for polyurea coatings, PPG offers a broad spectrum of products, including coatings, optical & specialty materials, and glass products. The company operates two business segments: performance coatings and industrial coatings. The company also provides industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food, and beverage container manufacturers. PPG Industries also offers architectural coatings that are used by painting and maintenance contractors and by other consumers to decorate and maintain residential & commercial building structures. Polyurea coatings are included under the industrial coatings segment and are used in automotive applications, such as consumer truck beds and commercial truck bodies & cabs. These coatings are marketed under the DuraBull and DragonHide brand names. In 2019, the company invested USD 10 million in a new 82,000-square-feet facility and Class A paint line at its South Carolina coatings services facility. This initiative was taken to meet the increasing demand for Class A coatings from automotive and large truck markets. This will boost the growth of the company and, also, its coatings business, globally.
The second most active company in the polyurea coatings market is The Sherwin-Williams Company (US). The company is a leading supplier of advanced technology liquid and powder coatings for the global OEM market through 15 manufacturing sites and 79 facilities across the US, Canada, Mexico, and China. The company operates through three major segments: the Americas Group, the performance coatings group, and consumer brands group. Polyurea coatings are included under the performance coatings group segment that caters to various industries, such as water & wastewater, marine, power generation, and food & beverage. The company has a comprehensive product portfolio, which includes brands, such as Sherwin-Williams, Envirolastic, HGTV HOMEby Dutch Boy, Krylon, Minwax, and Thompsons Water Seal. Sherwin-Williams has a strong customer base and operates in countries of Europe, North America, APAC, and others. In June 2017, The Sherwin-Williams Company completed the acquisition of The Valspar Corporation. The acquisition helped accelerate Sherwin-Williams’ global growth strategy to create a global leader in paints & coatings. The combination of these two companies formed an enhanced brand portfolio, expanded product range, premier technology and innovation platforms, and an extensive global footprint.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
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.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/polyurea-coatings-market.asp