Polyurea
coating is a type of coatings, which are applied to improve the performance
efficiency of the substrate. It is produced by reacting isocyanate with resin
blend that forms a rubber-like substance, which coats the substrate. It is
compatible with various substrates such as concrete, metals, wood, and others
in a wide range of temperature and humidity. Furthermore, it is eco-friendly
and does not contain any volatile organic compounds (VOC). Various conventional
coatings are available in the market such as epoxy, vinyl ester, PU, and
polychloroprene coating. Polyurea coating provides several advantages over
conventional coatings such as fast curing, high coating thickness, and extreme
weather resistance to high humidity and low temperatures.
Moreover,
it impart superior durability, abrasion resistance, corrosion resistance,
waterproofing, chemical resistance, decoration, and structural enhancement than
conventional coatings. This coating is available in water-based formulations
and variety of color and designs. Similar to conventional coatings, polyurea
coating requires surface preparation such as sandblasting or priming prior to
its application. Technological innovations have led to the availability of
antimicrobial agents in polyurea coatings, which prevent the product from
degrading.
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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