“The polyurea
coatings market is projected to grow at a CAGR of 13.10% from 2017 to 2022, in
terms of value”
The polyurea
coatings market is projected to grow from USD 684.3 million in 2017 to USD 1,266.5
million by 2022, at a CAGR of 13.10% between 2017 and 2022. The growing demand for
polyurea coatings from the building & construction and transportation sectors
is expected to fuel the growth of the polyurea coatings market. These coatings
have no VOC content and provide excellent performance as well as fast curing
ability. However, higher cost of polyurea coatings as compared with other
coating technologies is restraining the growth of the polyurea coatings market.
“The
landscape segment is projected to be the fastest-growing application segment of
the polyurea coatings market both, in terms of value and volume”
The demand for
polyurea coatings across various landscape applications has increased
significantly over the past few years. Landscape applications include
aquariums, pools, water parks, theme parks, reservoirs, facades, and bath tub
& cabins. The increasing usage of spray-applied polyurea coatings in
landscape applications is anticipated to drive the growth of the polyurea coatings
market.
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“Rising
demand for polyurea coatings from end-use industries in the Asia-Pacific region
is expected to drive the growth of the polyurea coatings market”
The polyurea
coatings market in the Asia-Pacific region is expected to witness significant
growth, owing to increase in infrastructural activities and rise in initiatives
undertaken by research institutions to drive R&D investments for the
technological development of polyurea coatings. These institutions are focused
on improving the performance, efficiency, and durability of polyurea coatings,
thereby enhancing their applicability across varied end-use industries.
Research Coverage:
The report covers
the market for polyurea coatings and their applications across different
industry verticals and regions. It aims at estimating the market size and
future growth potential of the polyurea coatings market for varied technologies,
types, raw materials, applications, and regions. The report also includes an
in-depth competitive analysis of key players in the market, along with their
company profiles, recent developments, and key market strategies.
Reasons to buy the Report
The report will
help market leaders/new entrants by providing them the closest approximations
of revenues of the polyurea coatings market. This report will help stakeholders
better understand the competitive landscape, gain insights to position their businesses,
and formulate market strategies. The report will also help stakeholders
understand the pulse of the market and acquire information on key market
drivers, restraints, challenges, and opportunities.
The break-up of primary interviews is given
below:
• By Company Type: Tier 1 – 27%, Tier 2 – 46%, and Others – 27%
• By Designation: C-level – 36%, D-level – 28%, and Others – 36%
• By Region: Asia-Pacific – 46%, Europe – 27%, North America – 18%, and
South America & MEA – 9%
Key companies operational
in the polyurea coatings market include VersaFlex Inc. (U.S.), PPG Industries,
Inc. (U.S.), Sherwin-Williams Company (U.S.), Rhino Linings Corporation (U.S.),
Kukdo Chemical Co., Ltd. (South Korea), Nukote Coating Systems (U.S.), VIP GmbH
(Germany), and Specialty Products, Inc. (U.S.), among others.
The report provides insights on the
following pointers:
Market Penetration: Comprehensive
information on polyurea coatings offered by top market players
Product Development/Innovation:
Detailed insights on upcoming technologies, research & development
activities, and new product launches in the polyurea coatings market
Market Development: Comprehensive
information about lucrative emerging markets – the report analyzes the market
for polyurea coatings across varied regions
Market Diversification: Exhaustive
information about new products, untapped geographies, recent developments, and
investments in the polyurea coatings market
Competitive Assessment: In-depth
assessment of market shares, growth strategies, products, and manufacturing
capabilities of leading players in the polyurea coatings market
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