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

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Chemicals and Materials

• July 2019

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

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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. 

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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.

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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.

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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

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Polyurea Coating Market Analysis

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