Title: Polyurea Coating Market Analysis Market Reflecting a CAGR of 9% During the Forecast Period 2019- 2029
1Chemicals and Materials
Report Id REP-GB-9657 Published On
July-2019 Category Chemicals and Materials
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3Research 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.
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4Polyurea 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.
5Polyurea 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.
6Polyurea 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.
7Polyurea 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
8Polyurea Coating Market Analysis
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