The Polyurea Coatings Market is expected to promise high growth owing to the increasing demand for Infrastructural growth in the Asia Pacific region in recent years. Increasing demand from End-Use industries such as Building & Construction, Transportation, Industrial, and Others is expected to drive the growth of the market.
Polyurea coatings are prepared using a step-growth polymerization process. This process includes the reaction of amine resins with an isocyanate component resulting in the formation of polyurea coating. These coatings are durable with flexible nature. The isocyanate component may be aliphatic or aromatic. It finds the number of applications including roof coating, truck bed coatings, and others. The polyurea coatings market promises high growth during the forecast period with demand from building and construction, transportation, industrial, and others. Longer lifespan, infrastructural growth in the Asia Pacific region are some of the factors expected to impact the growth of the polyurea coatings market during the forecast period.
Segment Insights
The polyurea coatings consist of two major types namely hybrid and pure which are extensively used in various end-use industries including building & construction, transportation, industrial, and others. Major technologies used in these end-users include spraying, pouring, and hand-mixing. The polyurea coatings market is projected to register high growth during the forecast period.
Some of the key Impact Factors:
- Infrastructural growth in the Asia Pacific region
- High durability in comparison to other coatings
Regional Analysis
On the basis of the region, the polyurea coatings market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.
The Asia Pacific and the Middle East are expected to register substantial growth in the polyurea coatings market during the forecast period. This demand is with regard to the growth of major end-use industries such as building & construction, transportation, industrial, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the polyurea coatings market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the polyurea coatings market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Companies Covered: PPG Industries Inc., Covestro AG, BASF SE, Albemarle Corporation, Huntsman Corporation
Market Segmentation:
By Raw Material:
- Aliphatic Based
- Aromatic Based
By Type:
- Pure
- Hybrid
By Technology:
- Spraying
- Pouring
- Hand Mixing
By End-Use Industry:
- Building & Construction
- Transportation
- Industrial
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Raw Material
- By Type
- By Technology
- By End-Use Industry
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Raw Material
- By Type
- By Technology
- By End-Use Industry
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Raw Material
- By Type
- By Technology
- By End-Use Industry
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Raw Material
- By Type
- By Technology
- By End-Use Industry
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Raw Material
- By Type
- By Technology
- By End-Use Industry
- Rest of the World
- By Region (South America, Africa)
- By Raw Material
- By Type
- By Technology
- By End-Use Industry
Reasons to buy this report:
- Market size estimation of polyurea coatings market on a regional and global basis
- The unique research design for market size estimation and forecasts
- Profiling of the major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet the specific requirements:
- By segment
- By sub-segment
- By region/ country
For more information, contact: sales@quincemarketinsights.com