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Polyurea Coating Market Analysis Market Reflecting a CAGR of 9% During the Forecast Period 2019- 2029

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Title: Polyurea Coating Market Analysis Market Reflecting a CAGR of 9% During the Forecast Period 2019- 2029


1
Chemicals and Materials
  • July 2019

Report Id REP-GB-9657 Published On
July-2019 Category Chemicals and Materials
2
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
PMR delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
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  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
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  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Polyurea Coating Market Analysis
  • Explore the Polyurea Coating Market Analysis
    Market exhibiting a CAGR of 9 by 2019 -
    2029
  • VALLEY COTTAGE, New York, July 18,
    2019 /PRNewswire/ -- Future Market Insights
    offers vital insights concerning to the global
    polyurea coatings market, and delivers exclusive
    information through structured market research.
    The report titled, 'Polyurea Coatings Market
    Global Industry Analysis 20142018 and
    Opportunity Assessment 20192029',estimates the
    market and forecasts the forthcoming market
    scenario on the basis of type, isocynate type,
    application, and region. The global polyurea
    coatings market was valued nearly US 600 Mn in
    terms of value at the end of 2018, and is
    expected to surpass US 1,500 Mn by the end of
    the forecast period, registering a CAGR of over
    9.0.
  • The global polyurea coatings market is segmented
    on the basis its type into pure polyurea and
    hybrid polyurea. On the basis of type, the hybrid
    polyurea segment is a prominent segment in the
    global polyurea coatings market, as it has a
    lower price range and also various application
    areas. However, the pure polyurea coatings
    segment is projected to witness healthy growth
    during the forecast period. Rising environmental
    concerns towards the risks associated with VOC
    content coatings, and shifting trend towards the
    adoption of advanced as well as eco-friendly
    coating technologies to drive the demand for
    polyurea coatings. 

5
Polyurea Coating Market Analysis
  • Rapid Industrial Growth to Propel the Polyurea
    Coatings Market
  • Polyurea coatings are primarily used for
    waterproofing and corrosion-protection purposes.
    Polyurea coatings are used for the waterproofing
    of roofs, walls, and floors in the building
    construction industry. Polyurea coatings are also
    used as bridge coatings for corrosion protection
    as well as waterproofing. Therefore, the growing
    building and construction industry and increasing
    infrastructural development, especially in
    developing nations, are expected to drive
    the growth of the polyurea coatings market.
  • Polyurea coatings are used as pipeline coatings,
    tank coatings, and also for coating machinery
    equipment in various industries such as
    chemicals, oil gas, mining, water supply
    treatment, etc. Hence, rapid industrialization
    across the globe will positively influence the
    polyurea coatings market. Increasing
    environmental awareness pertaining to VOC
    emissions will act as prime driving factor for
    the polyurea coatings market. Growing automotive
    production will elevate the demand for polyurea
    coatings, as they are used as anti-scratch and
    anti-corrosive coatings. Growing urban
    population, rising GDP growth of developing
    countries, and increased consumer spending are
    expected to indirectly drive the growth of the
    polyurea coatings market.

6
Polyurea Coating Market Analysis
  • Polyurea coatings cure quickly and are highly
    reactive. The application of polyurea coatings on
    wet surfaces may cause poor adhesion on the
    surface. Thus, the surface requires adequate
    amount of drying time before the application of a
    polyurea coating. Moreover, the cost of
    application of polyurea coatings is much higher,
    owing to the cost of the spraying equipment. The
    handling of such equipment requires skilled
    labourers and technicians. The aforementioned
    factors might hamper the growth of the polyurea
    coatings market.
  • South Asia's Market for Polyurea Coatings to
    Witness Lucrative Growth Prospects
  • From a regional perspective, Europe and North
    America are prominent markets for polyurea
    coatings, due to the increasing demand for
    advanced and eco-friendly coatings because of
    stringent environmental regulations pertaining to
    VOC emissions. Increasing government initiatives
    for the adoption of advanced coating technologies
    due to rising environmental awareness in regions
    such as East Asia and South Asia are expected to
    drive the demand for polyurea coatings in South
    Asia and East Asia. South Asia is estimated to
    grow at a CAGR of over 11.
  • During the latter half of the forecast
    period, East Asia is expected to
    surpass Europe in terms of market value. Also,
    regions such as Latin America are anticipated to
    witness substantial growth during the forecast
    period, due to the growth in building
    construction activities and automotive
    production. Also, the markets in regions such
    Oceania and the Middle East  Africa are expected
    to experience healthy growth during the forecast
    period.

7
Polyurea Coating Market Analysis
  • Polyurea Coatings Market Competition Landscape
  • Some of the players stated in the study of the
    global polyurea coatings market are BASF SE,
    Huntsman Corporation, Teknos Groups, DowDuPont
    Inc., Versaflex Incorporated, Sherwin Williams
    Company, Pidilite Industries Ltd., Covestro AG,
    PPG Industry Inc., and Rhino Linings Corporation,
    among others.
  • Press-release Source - https//www.prnewswire.com/
    news-releases/polyurea-coating-sales-to-record-9-c
    agr-through-2029-rising-environmental-concerns-to-
    complement-adoption-300887314.html
  • More Related Press-release -
  • Sodium Caseinate Market is Estimated to Grow at a
    CAGR of 6 in the Period 2019 to 2029
  • Two-wheeler Lubricants Market to Grow at a CAGR
    of 4 by 2029
  • Conductive Fibers Market is Projected to Grow at
    a CAGR of Approximately 11 Between the Forecast
    Period of 2019 and 2029

8
Polyurea Coating Market Analysis
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    leading market intelligence and consulting firm.
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    research reports and consulting services which
    are personalized in nature. FMI delivers a
    complete packaged solution, which combines
    current market intelligence, statistical
    anecdotes, technology inputs, valuable growth
    insights and an aerial view of the competitive
    framework and future market trends.
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9
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