The North America Polyurea Coatings Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged 868.77 Hundred Tonnes, showcasing a growth of 5.1% (2019-2022).
In the Market, the transportation end-use industry represents a critical sector where these coatings excel in providing robust protection and performance enhancements. Widely employed in automotive, aerospace, and marine applications, these coatings contribute to the longevity and aesthetics of transportation assets. In the automotive sector, these coatings serve as durable bed liners, offering impact resistance and corrosion protection for truck beds. Therefore, the US market utilized 129.13 Hundred Tonnes of these coatings in 2022.
The US market dominated the North America Polyurea Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $394.5 Million by 2030. The Canada market is experiencing a CAGR of 9.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.6% during (2023 - 2030).
These coatings have found favor in the automotive and transportation industries. Their use as protective coatings for truck bed liners and undercarriages has become widespread. The seamless, durable finish provided by these coatings offers resistance to impacts, chemicals, and harsh weather conditions, extending the lifespan of vehicles and equipment. Applying these coatings in truck bed liners and undercarriage protection directly extends the lifespan of vehicles and equipment. These coatings help maintain the structural integrity of key components by preventing damage, corrosion, and wear.
Moreover, flooring systems coated with polyurea balance durability and aesthetics. These coatings withstand heavy foot traffic, resist abrasion, and are easy to maintain. The versatility of polyurea allows for the creation of decorative flooring finishes, making them popular choices for residential, commercial, and industrial spaces.
As per the data from the International Trade Administration, Mexico’s mining industry value in 2022 was USD 3.3 billion. About half of Mexico’s mining production consists of extracting precious metals, with the remaining output composed of 40 percent non-ferrous, six percent metallurgy, and seven percent non-metallic ores. In 2022, mining production reached USD 16.16 billion. Moreover, As per the data from the Statistics Canada, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Thus, the growing construction and mining sectors in North America will assist in the growth of the regional market.
Based on End User, the market is segmented into Building & Construction, Transportation, Industrial, and Others. Based on Polyurea Type, the market is segmented into Pure, and Hybrid. Based on Raw Material, the market is segmented into Aliphatic Isocyanate, and Aromatic Isocyanate. Based on Technology, the market is segmented into Spraying, Pouring, and Hand Mixing. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
In the Market, the transportation end-use industry represents a critical sector where these coatings excel in providing robust protection and performance enhancements. Widely employed in automotive, aerospace, and marine applications, these coatings contribute to the longevity and aesthetics of transportation assets. In the automotive sector, these coatings serve as durable bed liners, offering impact resistance and corrosion protection for truck beds. Therefore, the US market utilized 129.13 Hundred Tonnes of these coatings in 2022.
The US market dominated the North America Polyurea Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $394.5 Million by 2030. The Canada market is experiencing a CAGR of 9.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.6% during (2023 - 2030).
These coatings have found favor in the automotive and transportation industries. Their use as protective coatings for truck bed liners and undercarriages has become widespread. The seamless, durable finish provided by these coatings offers resistance to impacts, chemicals, and harsh weather conditions, extending the lifespan of vehicles and equipment. Applying these coatings in truck bed liners and undercarriage protection directly extends the lifespan of vehicles and equipment. These coatings help maintain the structural integrity of key components by preventing damage, corrosion, and wear.
Moreover, flooring systems coated with polyurea balance durability and aesthetics. These coatings withstand heavy foot traffic, resist abrasion, and are easy to maintain. The versatility of polyurea allows for the creation of decorative flooring finishes, making them popular choices for residential, commercial, and industrial spaces.
As per the data from the International Trade Administration, Mexico’s mining industry value in 2022 was USD 3.3 billion. About half of Mexico’s mining production consists of extracting precious metals, with the remaining output composed of 40 percent non-ferrous, six percent metallurgy, and seven percent non-metallic ores. In 2022, mining production reached USD 16.16 billion. Moreover, As per the data from the Statistics Canada, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Thus, the growing construction and mining sectors in North America will assist in the growth of the regional market.
Based on End User, the market is segmented into Building & Construction, Transportation, Industrial, and Others. Based on Polyurea Type, the market is segmented into Pure, and Hybrid. Based on Raw Material, the market is segmented into Aliphatic Isocyanate, and Aromatic Isocyanate. Based on Technology, the market is segmented into Spraying, Pouring, and Hand Mixing. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Pearl Polyurethane Systems LLC
- American Polymers Corp.(Polycoat Products)
- Teknos Group Oy
- PPG Industries, Inc.
- Rhino Linings Corporation
- BASF SE
- Huntsman Corporation
- Covestro AG
- Sika AG
- Sherwin Williams Company
Market Report Segmentation
By End User (Volume, Hundred Tonnes, USD Billion, 2019-2030)- Building & Construction
- Transportation
- Industrial
- Others
- Pure
- Hybrid
- Aliphatic Isocyanate
- Aromatic Isocyanate
- Spraying
- Pouring
- Hand Mixing
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Polyurea Coatings Market by End User
Chapter 5. North America Polyurea Coatings Market by Polyurea Type
Chapter 6. North America Polyurea Coatings Market by Raw Material
Chapter 7. North America Polyurea Coatings Market by Technology
Chapter 8. North America Polyurea Coatings Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Pearl Polyurethane Systems LLC
- American Polymers Corp.(Polycoat Products)
- Teknos Group Oy
- PPG Industries, Inc.
- Rhino Linings Corporation
- BASF SE
- Huntsman Corporation
- Covestro AG
- Sika AG
- Sherwin Williams Company
Methodology
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