Polyurea Coatings: A Shift Toward Advanced & Protective Coatings
Polyurea coatings have emerged as new staple in the coatings industry, in light of their application versatility and superiority over their conventional counterparts. The shift toward advanced and protective and performance coatings, which are water-borne, two-component systems, owing to their excellent waterproofing attributes, has significantly complemented adoption of polyurea coatings.
Polyurea Coatings Market: Key Research Findings
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Global polyuria coatings market size estimated in 2019 – Approximately US$ 643 Mn
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Prominently driven by the building and construction industry’s growth, the market for polyuria coatings is likely to observe robust revenue growth, at an estimated 9% CAGR during 2019-2029.
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In terms of consumption, East Asia and South Asia are anticipated to register high value and volume growth in the polyurea coatings market over the forecast period.
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Increasing building & construction activities in countries such as China and India, along with rapid industrialization, are the driving factors for the growth of the polyurea coatings market. Moreover, low labor cost and shifting trend towards the adoption of advanced coating technologies in these regions will positively influence the polyurea coatings market.
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The markets in North America and Europe are estimated to register healthy growth in the polyurea coatings market over the forecast period.
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Despite the slowdown in automotive production, the predominance of industrial activities will ensure the healthy growth of the polyurea coatings market in these regions. Also, steady growth in building & construction activities will have a positive impact on the market.
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Increasing Concerns Towards the Risks Associated with VOC Content Coatings
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Polyurea coatings offer certain benefits over other coating systems due to their zero VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Most coating materials are known to emit volatile organic compounds (VOCs) during and after application. VOC emissions are harmful for humans, and can cause respiratory complications. Therefore, increased environmental awareness is expected to drive the demand for polyurea coatings.
Key Factors Impacting Polyurea Coatings Market Growth
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Superiority of polyurea coatings over other industrial coatings
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In comparison with epoxy and polyurethane coatings, polyurea coatings have highly superior and advanced characteristic properties.
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Compared to epoxy coatings, polyurea coatings have higher moisture-resistance, UV-resistance, abrasion-resistance, chemical-resistance, and more durability, along with high temperature-resistance.
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In comparison with polyurethane, polyurea coatings have higher chemical-resistance, durability, and moisture-resistance.
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Polyurea coatings have significantly lesser curing time in comparison, owing to their advanced characteristics. As such, polyurea coatings are expected to witness a substantial rise in demand.
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Increasing building & construction activities propelling market growth
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Rapid population growth and increasing urbanization are pushing the growth of the building and construction industry, both, in developing and developed countries.
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Increasing construction of residential as well as non-residential buildings is also boosting the demand for construction chemicals and materials.
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Increasing construction activities are expected to drive the market for polyurea coatings during the forecast period.
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Polyurea Coatings Market Structure Analysis
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Top companies operating in the global polyurea coatings market include Sherwin-Williams Company, PPG Industries, Inc., Teknos Group, BASF SE, DowDuPont Inc., Huntsman Corporation, Covestro AG, Pidilite Industries Ltd., and Versaflex Incorporated, amongst others.
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These players are trying to expand and grow in the polyurea coatings market through strategic steps of development. This report on the polyurea coatings market is designed to provide relevant information regarding these players, and also about the key strategies that they have adopted.
Polyurea Coatings Market to Grow 2.5X by 2029
Polyurea coatings are gaining fast traction, with sales buoyed by resurgent growth in construction activities ensued by the urbanisation trend. Polyurea coatings are deprived of VOC emissions, and enable complete recyclability, making them a sustainable, green alternative to their counterparts such as polyurethane resin paints and coatings, thereby driving demand.
Emerging Economies – Second Wave of Growth
North America and Europe remain most attractive markets for polyurea coatings. However, opportunities in developing economies are imminent, with the rise in construction and infrastructure development activities. The polyurea coatings landscape is considerably fuelled by the product developments in South Asia and East Asia. Growing adoption of regulations on VOC emissions in these markets are further adding to opportunities for the polyurea coatings manufacturers.
The Broader Perspective
Stakeholders are significantly eyeing opportunities in untapped markets, even as focusing on investments for improved production efficiency. Leading players are putting efforts on enhancing their brand recognition, while exploring new revenue opportunities. Customised product development and mergers & acquisitions are key strategies of stakeholders, with the aim of extending their services to end-users.
Aromatic remains the preferred category, accounting for over 80% sales
Aliphatic polyurea coatings will witness a relatively faster growth, although gains remain sluggish
Demand inBuilding & construction will remain strong, accounting for over 60% market shares
Gains from industrial and automotive & transportation sector will also remain significant
How Growth will Unfold
North America remains the leading market, underpinned by growing stringency in environmental regulations and shift to high-solid coatings. East & South Asia present lucrative opportunities for polyurea coatings market, upheld by the recent surge in adoption of eco-friendly alternative.
North America | East Asia | South Asia
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Polyurea Coatings Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
The recent market study published by FMI, titled, 'Polyurea Coatings Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029', delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historic as well as current growth parameters of the polyurea coatings market, the growth prospects of the market are obtained with maximum precision.
Polyurea Coatings Market Taxonomy
The global polyurea coatings market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.
By Type
- Pure Polyurea
- Hybrid Polyurea
By Isocynate Type
- Aromatic
- Aliphatic
By Application
- Building & Construction
- Roofs
- Walls
- Floors
- Bridges
- Others
- Industrial
- Pipes
- Tanks & Containment
- Equipment & Machinery
- Automotive & Transportation
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
What's Included
The report stars with the executive summary of the polyurea coatings market, which includes a summary of the key findings and key statistics of the market. It also includes the demand & supply side trends pertaining to the polyurea coatings market.
Readers can find a detailed taxonomy and the definition of the polyurea coatings market in this chapter, which will help them understand the basic information about the polyurea coatings market. Along with this, comprehensive information pertaining to polyurea coatings and their properties is provided in this section. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the polyurea coatings market report.
The polyurea coatings market report provides the key market trends that are expected to impact market growth significantly during the forecast period. Detailed industry trends are provided in this section.
This section includes the factors that have emerged as key successful factors and strategies adopted by key market participants.
This section explains the global elastomeric coatings market analysis in terms of volume and value between the forecast period of 2019-2029. This chapter also includes key insights pertaining to the elastomeric coatings market, i.e. parent market.
This section explains the global market value analysis and forecast for the polyurea coatings market between the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical polyurea coatings market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019), and an incremental opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the polyurea coatings market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the polyurea coatings market between the forecast period of 2019-2029.
This chapter explains the key macro-economic factors that are expected to influence the growth of the polyurea coatings market over the forecast period. Along with the macroeconomic factors, this section also highlights value chain, supply chain, forecast factors, Porter’s five forces analysis, and value chain analysis for the polyurea coatings market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on type, the polyurea coatings market is segmented into pure polyurea and hybrid polyurea. In this chapter, readers can find information about the key trends and developments in the polyurea coatings market, and market attractiveness analysis based on type.
This chapter provides details about the polyurea coatings market on the basis of isocynate type, and has been classified into aromatic and aliphatic. In this chapter, readers can understand the market attractive analysis based on isocynate type.
This chapter provides details about the polyurea coatings market on the basis of the application, and has been classified into building & construction, industrial, automotive & transportation, and others. In this chapter, readers can understand the market attractive analysis based on application.
This chapter explains how the polyurea coatings market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America polyurea coatings market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the application and countries in North America.
This chapter includes the growth scenario of the polyurea coatings market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across the target segments has been provided.
Important growth prospects of the polyurea coatings market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe are included in this chapter.
India and ASEAN countries are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia polyurea coatings market, in this chapter. Readers can find detailed information about the growth parameters of the South Asia polyurea coatings market during the period 2019-2029.
This chapter highlights the growth of the polyurea coatings market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the polyurea coatings market in East Asia.
This chapter highlights the growth of the polyurea coatings market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand the key factors that are responsible for the growth of the polyurea coatings market in Oceania.
This chapter provides information about how the polyurea coatings market will grow in major countries in the MEA region, such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period 2019-2029.
This section highlights the growth prospects of the polyurea coatings market for emerging markets such as China, India, and Brazil.
In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the polyurea coatings market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the polyurea coatings market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are BASF SE, DowDuPont Inc., Sherwin Williams Chemical Company, PPG Industry Inc., and Teknos Group Oye, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the polyurea coatings market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions, as well as important qualitative and quantitative information about the polyurea coatings market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- World of Chemicals
- Chemical Weekly
- Chemical Engineering World, etc.
- Industry Associations
- The European Chemical Industry Council
- The American Chemical Society
- China Chemical Society
- Indian Chemical Council
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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