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High demand for polyurea coatings from the Building & Construction Industry

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High demand for polyurea coatings from the Building & Construction Industry

June 08
18:45 2021
High demand for polyurea coatings from the Building & Construction Industry

Browse 140 market data tables and 40 figures spread through 147 pages and in-depth TOC on “Polyurea Coatings Market”
Polyurea Coatings Market by Type (Pure And Hybrid), Technology (Spraying, Pouring and Hand Mixing), End-Use Industry (Building & Construction, Transportation, Industrial, and Landscape), by Raw Material, and Region

The global polyurea coatings market size is projected to grow from USD 885 million in 2020 to USD 1,481 million by 2025, at a CAGR of 10.8% during the forecast period. 

The primary factor driving the polyurea coatings market includes the increase in demand from end-use industries such as building & construction, transportation, industrial, and landscape. Polyurea coatings have wide acceptability as they are environment-friendly and compliant with norms related to VOCs. Polyurea coatings are durable and formulated to offer resistance to humidity, fast curing time, smooth surface finish, chemical and abrasion resistance, excellent adhesion, and other mechanical & physical properties required in various applications across industries.

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Polyurea coatings are used widely in the building & construction industry. The application areas include bridge construction, commercial architecture, floor & roof coating, caulks, joint fill, parking decks, concrete repair, and structural bonds.

Polyurea coatings help improve the performance requirements of specific construction applications. These coatings are used for crack-bridging, improving tensile & compressive strength, waterproofing, providing corrosion, chemical, and water resistance, and enhancing other mechanical properties of a structure.

The global construction industry is growing at a significant pace. Factors such as increasing urbanization and rising population are fueling the construction industry. Increased per capita income in developing economies and the lower unemployment rate in developed economies are the major reasons behind the growth of the construction industry. This has led to the growth of the polyurea coatings market over the past few years. The increase is expected to continue during the forecast period.

APAC is estimated to be the largest as well as the fastest-growing polyurea coatings market

APAC is expected to account for the largest share of the polyurea coatings industry during the forecast period. The building & construction, transportation, industrial, and landscape are the key industries for polyurea coatings manufacturers as these industries are expected to witness significant growth. Also, demand from various sectors in developing countries such as Japan, India, China, South Korea, Vietnam, Taiwan, and Singapore is contributing to the growth of the APAC polyurea coatings market. China is the largest consumer of polyurea coatings in the region and continues to drive global demand.

Major vendors in the polyurea coatings industry include PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Nukote Coating Systems (US), VersaFlex Incorporated (US), Armorthane Inc. (US), Wasser Corporation (US), Rhino Linings Corporation (US), Kukdo Chemical Co., Ltd. (South Korea), Voelkel Industrial Products GmBH (Germany) and Teknos (Finland).

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