Yahoo Finance Global Polyurea Coatings Market Report 2022 to 2027: Advancements in Coating Technologies and Emerging Applications Presents Opportunities
Global Polyurea Coatings Market
Dublin, Dec. 01, 2022 (GLOBE NEWSWIRE) -- The "Global Polyurea Coatings Market by Raw Material Type, Polyurea Type (Pure and Hybrid), Technology (Spraying, Pouring, Hand Mixing) and End-Use (Building & Construction, Transportation, Industrial, Landscape) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global polyurea coatings market size was USD 1.2 billion in 2021 and is projected to grow at a CAGR of 8.89% during the forecast period to reach USD 2.0 billion by 2027.
Report Attribute | Details |
No. of Pages | 262 |
Forecast Period | 2021 - 2027 |
Estimated Market Value (USD) in 2021 | $1.2 Billion |
Forecasted Market Value (USD) by 2027 | $2 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Global |
The pure type segment is expected is expected to register the highest CAGR of the overall polyurea coatings market during the forecast period, in terms of volume
Pure polyurea coatings are used in the mining industry, pipelines, vehicles, roofs, steel structures, concrete structures, floors, and pools. For many years China has been the top miner for fossil fuels, gemstones, and metals. The country's top position in the mining industry has helped Asia Pacific gain a significant share in the global mining industry as well as in the pure polyurea coatings market.
Economies rich in minerals, such as India, China, Vietnam, Malaysia, Indonesia, Australia & New Zealand, and Sri Lanka, are also actively engaged in mining activities that have helped boost the demand for polyurea coatings. This scenario is expected to continue during the forecast period.
The spraying segment of the technology is projected to register the highest CAGR during the forecast period
Market drivers in this segment are infrastructural growth in various countries, and growth in applications, including floor coatings, roof coatings, bed-linings, secondary containment, and wastewater treatments. There is strong demand for these applications from the Asia Pacific region, especially from developing countries such as China, India, Thailand, Indonesia, and Malaysia. Global polyurea coating manufacturers are establishing their manufacturing facilities or sales offices in these emerging regions to cater to the increasing demand.
Asia - Pacific polyurea coatings market is projected to register the largest market share during the forecast period
Asia Pacific is an emerging economy with many rapidly developing countries. Various industry players are willing to invest in this region. Most of the leading players in North America and Europe are planning to shift their manufacturing base to Asia Pacific as it offers inexpensive raw materials, low cost of production, and the ability to serve the local emerging market in a better way. The Asia Pacific region is experiencing increased demand for premium and high-quality products due to the increasing disposable income of the middle-class population. This has led to an increased demand for polyurea coatings in the Asia Pacific market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Polyurea Coatings Market
4.2 Polyurea Coatings Market, by Raw Material
4.3 Polyurea Coatings Market, Developed Vs. Emerging Countries
4.4 Asia-Pacific Polyurea Coatings Market, by Polyurea Type and End-Use Industry
4.5 Polyurea Coatings Market, by Key Countries
5 Market Overview
5.1 Introduction
5.2 Raw Material Analysis
5.2.1 Isocyanates
5.2.2 Resin Blend
5.3 Value Chain Overview
5.3.1 Value Chain Analysis
5.3.2 Disruption in Value Chain due to COVID-19
5.3.2.1 Action Plan Against Such Vulnerability
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Polyurea Coatings Replacing Other Competitive Coating Systems
5.4.1.2 Technological Advancements in Manufacturing Processes and Techniques
5.4.1.3 Growing Use in Various End-Use Industries
5.4.2 Restraints
5.4.2.1 Costlier Than Competitive Coating Technologies
5.4.3 Opportunities
5.4.3.1 Advancements in Coating Technologies and Emerging Applications
5.4.3.2 Growing Opportunities in Asia-Pacific
5.4.4 Challenges
5.4.4.1 Skilled Manpower Required to Handle Toxic Raw Materials
5.4.4.2 Popularity of Existing Coating Technologies
5.5 Porter's Five Forces Analysis
5.6 Key Stakeholders & Buying Criteria
5.6.1 Key Stakeholders in Buying Process
5.6.2 Buying Criteria
5.7 Macroeconomic Indicators
5.8 Technology Overview
5.9 Case Study
5.10 Average Pricing Analysis
5.11 Key Countries Exporting and Importing Polyurea Coatings
5.12 Supply Chain Crises Since COVID-19
5.13 Global Scenarios
5.14 Ecosystem Map
5.15 Trends/Disruptions Impacting Customers' Businesses
5.16 Global Regulatory Landscape
5.17 Patent Analysis
5.18 COVID-19 Impact Analysis
5.19 Key Conferences & Events in 2022-2023
6 Polyurea Coatings Market, by Raw Material
6.1 Introduction
6.2 Aromatic Isocyanate
6.2.1 Growth of End Use Sectors to Influence Market
6.3 Aliphatic Isocyanate
6.3.1 Demand from Building & Construction and Transportation Industries Expected to Drive Market
7 Polyurea Coatings Market, by Polyurea Type
7.1 Introduction
7.2 Pure Polyurea
7.2.1 New Product Development to Boost Demand
7.3 Hybrid Polyurea
7.3.1 Growth of Infrastructure Sector in Asia-Pacific to Propel Market
8 Polyurea Coatings Market, by Technology
8.1 Introduction
8.2 Spraying
8.2.1 Most Widely Used Polyurea Coating Technology due to Growing Applications
8.3 Pouring
8.3.1 Stringent Environmental Regulations Requiring Zero or Non-Voc Coatings to Boost Demand
8.4 Hand Mixing
8.4.1 High Demand for Decorative Flooring and Industrial Flooring Applications
9 Polyurea Coatings Market, by End-Use Industry
9.1 Introduction
9.2 Building & Construction
9.2.1 Increased Per Capita Income in Emerging Economies to Drive Market
9.3 Transportation
9.3.1 Increasing Demand for Refrigerated Food Trucks to Boost Market
9.4 Industrial
9.4.1 Population Growth and Improved Standard of Living to Drive Market
9.5 Landscape
9.5.1 Rising Landscape-Related Construction to Increase Demand for Polyurea Coatings
10 Polyurea Coatings Market, by Region
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.2.1 Polyurea Coatings Market: Degree of Competition
11.2.2 Market Ranking Analysis
11.3 Key Player Strategies/Right to Win
11.4 Company Revenue Analysis
11.5 Competitive Leadership Mapping, 2021
11.5.1 Stars
11.5.2 Emerging Leaders
11.5.3 Pervasive Players
11.5.4 Participants
11.6 Sme Matrix, 2021
11.6.1 Progressive Companies
11.6.2 Dynamic Companies
11.6.3 Starting Blocks
11.6.4 Responsive Companies
11.7 Strength of Product Portfolio
11.8 Business Strategy Excellence
11.9 Competitive Benchmarking
11.10 Competitive Scenario
11.10.1 Market Evaluation Framework
11.10.2 Market Evaluation Matrix
11.11 Strategic Developments
11.11.1 Deals
12 Company Profiles
12.1 Ppg Industries Inc.
12.2 Sherwin-Williams Company
12.3 Nukote Coating Systems
12.4 Armorthane Inc.
12.5 Wasser Corporation
12.6 Rhino Linings Corporation
12.7 Kukdo Chemical Co., Ltd.
12.8 Voelkel Industrial Products GmbH (Vip)
12.9 Teknos
12.1 Other Companies
12.10.1 Polycoat Products LLC
12.10.2 Technopol
12.10.3 Satyen Polymers Pvt. Ltd
12.10.4 Prokol Protective Coatings
12.10.5 Cipy Polyurethanes Pvt. Ltd.
12.10.6 Ultimate Linings
12.10.7 Zhuhai Feiyang Novel Materials Co. Ltd.
12.10.8 Chemline Inc.
12.10.9 Duraamen Engineered Products Inc.
12.10.10 Krypton Chemical
12.10.11 Elastothane Ltd
12.10.12 Isomat S.A.
13 Adjacent/Related Markets
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9zilh6
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
