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Polyurea Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 148 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700923

Quick Summary:

In an era of growing environmental concerns and increased regulatory standards, the global polyurea coatings market presents an important opportunity for improving the durability, longevity, and environmental footprint of various infrastructure, materials and structures. This coating, known for its high resistance to environmental and physical stressors and potential to shorten maintenance cycles, makes it an ideal solution for a wide spectrum of industries like construction, transportation, and industrial applications.

This comprehensive report provides you with a deep dive into the global polyurea coatings market, showcasing its current standing and future trends without overlooking critical aspects such as type, technology, raw materials, and end-use industry. It also opens up pathways into understanding the market's competitive landscape by profiling key players and market segmentation, thus offering the key to unlocking the potential of this versatile and robust coating technology. Whether your interest lies in construction, transport, or other industrial applications, this accessible guide equips you with key insights into an innovative solution sweeping the global market.

The global polyurea coatings market size reached US$ 1.1 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

Polyurea coating is a protective coating that is made from a combination of resin and liquid polyurethane. This coating is highly durable, resistant to chemicals, heat and water, non-toxic in nature and therefore environmentally friendly. Along with protecting wooden, concrete and steel structures from abrasions and corrosion, it can help preserve a deteriorating concrete structure, repair canals, and keep them intact. An aluminized polyurea coating protects against corrosion and abrasion on pipes that carry corrosive and abrasive materials. In order to prevent cathodic breakdown, it is used as a base coat in pumps as it reduces cavitation and erosion while also increasing pump performance. Due to its beneficial properties, including quick cure and shortening of maintenance cycles, it is swiftly replacing paint and fiberglass coatings across numerous applications, especially in the construction of water parks, aquariums, pools, theme parks, bathtubs, reservoirs, facades, and cabins.

Polyurea Coatings Market Trends:

The global market is majorly driven by considerable growth in the construction and landscaping industries. In addition to this, continual technological developments in coating processes and techniques are providing an impetus to the market growth. Moreover, the rising deployment of premium waterproofing coating in residential buildings is also acting as a significant growth-inducing factor for the market. The market is further propelled by the growing expenditure on lining systems for environmental protection, such as landfill controls, as a result of stringent regulations imposed by the governments of numerous countries to minimize pollution. Some of the other factors contributing to the market include rapid urbanization and industrialization, expanding infrastructural development, the inflating disposable income levels of the consumers, and extensive research and development (R&D) activities.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global polyurea coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology, raw material and end use industry.

Breakup by Type:

  • Pure Polyurea
  • Hybrid Polyurea

Breakup by Technology:

  • Spraying
  • Pouring
  • Hand Mixing

Breakup by Raw Material:

  • Aromatic Isocyanate-based
  • Aliphatic Isocyanate-based

Breakup by End Use Industry:

  • Building and Construction
  • Transportation
  • Industrial
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, ArmorThane USA Inc., BASF SE, Covestro AG, Huntsman Corporation, PPG Industries Inc., Rhino Linings Corporation, Specialty Products Inc., Teknos Group Oy, The Sherwin-Williams Company, VIP Coatings Intl Gmbh & Co. KG and Wasser Coatings.

Key Questions Answered in This Report:

  • How has the global polyurea coatings market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global polyurea coatings market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the raw material?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global polyurea coatings market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Polyurea Coatings Market

What is the estimated value of the Global Polyurea Coatings Market?

The Global Polyurea Coatings Market was estimated to be valued at $1.1 Billion in 2022.

What is the growth rate of the Global Polyurea Coatings Market?

The growth rate of the Global Polyurea Coatings Market is 8.6%, with an estimated value of $1.8 Billion by 2028.

What is the forecasted size of the Global Polyurea Coatings Market?

The Global Polyurea Coatings Market is estimated to be worth $1.8 Billion by 2028.

Who are the key companies in the Global Polyurea Coatings Market?

Key companies in the Global Polyurea Coatings Market include Albemarle Corporation, ArmorThane USA Inc., BASF SE, Covestro AG, Huntsman Corporation, PPG Industries Inc., Rhino Linings Corporation, Specialty Products Inc., Teknos Group Oy and The Sherwin.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Polyurea Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Pure Polyurea
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hybrid Polyurea
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 Spraying
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Pouring
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hand Mixing
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Raw Material
8.1 Aromatic Isocyanate-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aliphatic Isocyanate-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 Building and Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Transportation
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Albemarle Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 ArmorThane USA Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 BASF SE
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Covestro AG
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Huntsman Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 PPG Industries Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Rhino Linings Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Specialty Products Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Teknos Group Oy
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 The Sherwin-Williams Company
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 VIP Coatings Intl Gmbh & Co. KG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Wasser Coatings
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Polyurea Coatings Market: Major Drivers and Challenges
Figure 2: Global: Polyurea Coatings Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Polyurea Coatings Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Polyurea Coatings Market: Breakup by Type (in %), 2022
Figure 5: Global: Polyurea Coatings Market: Breakup by Technology (in %), 2022
Figure 6: Global: Polyurea Coatings Market: Breakup by Raw Material (in %), 2022
Figure 7: Global: Polyurea Coatings Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Polyurea Coatings Market: Breakup by Region (in %), 2022
Figure 9: Global: Polyurea Coatings (Pure Polyurea) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Polyurea Coatings (Pure Polyurea) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Polyurea Coatings (Hybrid Polyurea) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Polyurea Coatings (Hybrid Polyurea) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Polyurea Coatings (Spraying) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Polyurea Coatings (Spraying) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Polyurea Coatings (Pouring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Polyurea Coatings (Pouring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Polyurea Coatings (Hand Mixing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Polyurea Coatings (Hand Mixing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Polyurea Coatings (Aromatic Isocyanate-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Polyurea Coatings (Aromatic Isocyanate-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Polyurea Coatings (Aliphatic Isocyanate-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Polyurea Coatings (Aliphatic Isocyanate-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Polyurea Coatings (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Polyurea Coatings (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Polyurea Coatings (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Polyurea Coatings (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Polyurea Coatings (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Polyurea Coatings (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Polyurea Coatings (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Polyurea Coatings (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Polyurea Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Polyurea Coatings Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Polyurea Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Polyurea Coatings Industry: SWOT Analysis
Figure 81: Global: Polyurea Coatings Industry: Value Chain Analysis
Figure 82: Global: Polyurea Coatings Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Polyurea Coatings Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Polyurea Coatings Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Polyurea Coatings Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Polyurea Coatings Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
Table 5: Global: Polyurea Coatings Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Polyurea Coatings Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Polyurea Coatings Market: Competitive Structure
Table 8: Global: Polyurea Coatings Market: Key Players

Companies Mentioned

  • Albemarle Corporation
  • ArmorThane USA Inc.
  • BASF SE
  • Covestro AG
  • Huntsman Corporation
  • PPG Industries Inc.
  • Rhino Linings Corporation
  • Specialty Products Inc.
  • Teknos Group Oy
  • The Sherwin-Williams Company
  • VIP Coatings Intl Gmbh & Co. KG
  • Wasser Coatings.

Methodology

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