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Global Polyurea Coatings Market Insight January 5, 2022 Comments

Global Polyurea Coatings market has growing trends in the past years and expected to grow at a CAGR(compound annual growth rate)of 11.5% during the forecast period. According to the World Knowledge Information (WKI) Global Polyurea Coatings Professional Survey Report 2021, Forecast to 2026, Increasing investment in infrastructure development coupled with significant growth in the paint & coatings industry across the globe is expected to have a positive impact on market growth.

Analysts’ Viewpoint:
“Polyurea coating has the characteristics of strong adhesion, friction resistance, and strong hardness. The huge application market promotes the development of technology and products.” said Fiona, a senior analyst at the WKI Chemical and Materials Market Research Center. “In the next few years, the output of polyurea materials will far exceed the output of traditional waterproof materials (waterproof membranes, waterproof coatings), and polyurea materials have become the new favorite of the waterproof industry with their excellent performance.”

Market insight:
Due to the impact of the COVID-19 pandemic. The shutdown of most industries and factories in the world has led to a slowdown in the development of the construction industry, which in turn has a negative impact on the market demand for polyurea coatings. As people pay more attention to the environment and health, consumers are more inclined to polyurea coatings when choosing waterproof coatings. Polyurea coatings replace other competitive coating systems and are mainly used in end-use industries such as construction and infrastructure. Polyurea protects wood, concrete and steel surfaces and structures from wear and corrosion damage. It can help protect the deteriorating concrete structure and help repair and keep the canal intact. Due to its unique physical properties and durability, no coating system can successfully replace polyurea in all aspects. This will also promote market growth in the future.

However, polyurea coatings do have some limitations and special considerations. Due to the high reactivity and fast curing of the coating, curing of the coating without sufficient wetting time will result in poor adhesion to the substrate. The formulator must ensure that the surface is completely wetted before the coating sets. This is a tricky situation. Moreover, the raw material cost of polyurea coatings is higher than other coatings.

Competition Landscape:
There are many players in the polyurea coatings market. Some major companies in the polyurea coatings industry are PPG Industries, Inc., BASF SE, Teknos Group, Specialty Products Inc., among others. PPG Industries, Inc. is one of the largest coatings company in the world. The company is the global supplier of paints, coatings, and specialty materials.

Segmentation of Polyurea Coatings Market:
Based on technology, the polyurea coating market has been subdivided into spraying, pouring, brushing, etc. Due to high efficiency, low labor requirements and advances in equipment technology, spraying is the most widely used coating technology because it can be applied to the surface quickly and accurately. Manufacturers are increasingly committed to the development of portable and lightweight spray equipment, which is expected to have a positive impact on demand during the forecast period. Manual mixing is the second most important technique. This can be attributed to its increasing use in floor coatings, including decorative floors, anti-static floors and industrial floors.
According to product types, polyurea coatings can be divided into pure polyurea market segments and mixed polyurea market segments. Among them, hybrid polyurea coatings dominate the market. Due to the addition of certain high-cost catalysts to obtain the required performance, these coatings are increasingly used in parking lots, decks, storage tanks and water treatment.
Polyurea coatings are widely used in the construction industry. Application areas include bridge construction, commercial buildings, floor and roof coatings, caulking agents, joint filling, parking lot decks, concrete repair and structural bonding. Polyurea coatings are used on various substrates, such as concrete, metal and wood, suitable for various temperature and humidity environments, and are ideal for many waterproof and anti-corrosion control, immersion and lining applications.

Polyurea Coatings Market: Regional Analysis
For many years, Europe and North America have been dominant in the global polyurea coatings market. Metro, construction, waterproofing and marine activities are outstanding applications of polyurea coatings in this area. The European polyurea coatings market is mainly driven by the growth of end applications such as construction and construction, transportation and industrial applications. The Asia-Pacific region is the fastest growing market for polyurea coatings. The growth is mainly attributable to rapid economic growth and heavy investment in industries such as automobiles, ships, construction and manufacturing. The Asia-Pacific region is an emerging economy with many rapidly developing countries. The Asia-Pacific region is expected to experience relatively rapid growth and is expected to dominate the global market during the forecast period.

Cagr: 11.5%
Largest share area:North America
Largest share country:the United States