Product Code: PM2536
The global polyurea coatings market size is expected to reach USD 2.79 billion by 2030, according to a new study by Polaris Market Research. The report "Polyurea Coatings Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Aliphatic, Aromatic); By Polyurea Type (Pure, Hybrid); By Technology; By End-Use; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for the product in the building & construction sector for flooring and roofing applications is expected to drive industry growth. Furthermore, increasing penetration of the product owing to their high-performance characteristics compared to their counterparts is one of the major factors driving demand.
In addition, the growing building & construction sector projects across developing economies such as India, Brazil, Mexico, Saudi Arabia, and China is likely to positively impact the demand for the product over the coming years. However, a few characteristic limitations are anticipated to complement growth compared to polyurethane and epoxy solutions.
The COVID-19 pandemic had a negative impact on the demand for construction-based solutions as ongoing residential and commercial projects came to a standstill owing to global lockdowns and shutdowns of industrial and day-to-day activities. However, as industrial activities resumed in 2021, the demand for construction products positively impacted product demand.
Polyurea Coatings Market Report Highlights
Growing demand for hybrid segment in several applications, such as the building & construction sector for roofing, and piping, among others, is expected to drive product demand
The aromatic segment accounted for the highest revenue share in 2021 and is expected to continue its dominance owing to the high-performance characteristics of the aromatic type and growing penetration in the roofing and flooring applications
Pure coating type is expected to spearhead revenue growth as it is used as a base coat across several building & construction and infrastructure applications across developed as well as developing economies
Asia Pacific is expected to grow at a CAGR of 10.8% over the forecast period on account of several infrastructure projects sanctioned by the government across developing nations in the region, such as India and China
Major players operating in the industry include PPG Industries Inc., Sherwin-Williams Company, Nukote Coating Systems, Armorthane Inc., Wasser Corporation, Rhino Linings Corporation, Kukdo Chemical Co., Ltd., Voelkel Industrial Products Gmbh (VIP), Teknos, Polycoat Products LLC, Technopol, Chemline Inc., and Duraamen Engineered Products Inc.
Polaris Market Research has segmented the polyurea coatings market report based on raw material, type, technology, end-use, and region:
Polyurea Coatings, Raw Material Outlook (Revenue - USD Billion, 2018 - 2030)
Aliphatic
Aromatic
Polyurea Coatings, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Pure
Hybrid
Polyurea Coatings, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Spraying
Pouring
Hand Mixing
Polyurea Coatings, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Building & Construction
Transportation
Industrial
Landscape
Polyurea Coatings, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Polyurea Coatings Market Insights
- 4.1. Polyurea Coatings - Industry Snapshot
- 4.2. Polyurea Coatings Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Technological advancements in manufacturing processes and techniques
- 4.2.1.2. Growing use in various end-use industries
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Costlier than competitive coating technologies
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Polyurea Coatings Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Polyurea Coatings Market, by Raw Material
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 5.3. Aliphatic
- 5.3.1. Global Polyurea Coatings Market, by Aliphatic, by Region, 2018 - 2030 (USD Billion)
- 5.4. Aromatic
- 5.4.1. Global Polyurea Coatings Market, by Aromatic, by Region, 2018 - 2030 (USD Billion)
6. Global Polyurea Coatings Market, by Technology
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 6.3. Spraying
- 6.3.1. Global Polyurea Coatings Market, by Spraying, by Region, 2018 - 2030 (USD Billion)
- 6.4. Pouring
- 6.4.1. Global Polyurea Coatings Market, by Pouring, by Region, 2018 - 2030 (USD Billion)
- 6.5. Hand Mixing
- 6.5.1. Global Polyurea Coatings Market, by Hand Mixing, by Region, 2018 - 2030 (USD Billion)
7. Global Polyurea Coatings Market, by Polyurea Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 7.3. Pure
- 7.3.1. Global Polyurea Coatings Market, by Pure, by Region, 2018 - 2030 (USD Billion)
- 7.4. Hybrid
- 7.4.1. Global Polyurea Coatings Market, by Hybrid, by Region, 2018 - 2030 (USD Billion)
8. Global Polyurea Coatings Market, by End-Use
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 8.3. Building & Construction
- 8.3.1. Global Polyurea Coatings Market, by Building & Construction, by Region, 2018 - 2030 (USD Billion)
- 8.4. Transportation
- 8.4.1. Global Polyurea Coatings Market, by Transportation, by Region, 2018 - 2030 (USD Billion)
- 8.5. Industrial
- 8.5.1. Global Polyurea Coatings Market, by Industrial, by Region, 2018 - 2030 (USD Billion)
- 8.6. Landscape
- 8.6.1. Global Polyurea Coatings Market, by Landscape, by Region, 2018 - 2030 (USD Billion)
9. Global Polyurea Coatings Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Polyurea Coatings Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 9.3. Polyurea Coatings Market - North America
- 9.3.1. North America: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.3.2. North America: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.3.3. North America: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.3.4. North America: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.3.5. Polyurea Coatings Market - U.S.
- 9.3.5.1. U.S.: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.3.5.2. U.S.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.3.5.3. U.S.: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.3.5.4. U.S.: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.3.6. Polyurea Coatings Market - Canada
- 9.3.6.1. Canada: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.3.6.2. Canada: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.3.6.3. Canada: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.3.6.4. Canada: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4. Polyurea Coatings Market - Europe
- 9.4.1. Europe: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.2. Europe: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.3. Europe: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.4. Europe: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4.5. Polyurea Coatings Market - UK
- 9.4.5.1. UK: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.5.2. UK: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.5.3. UK: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.5.4. UK: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4.6. Polyurea Coatings Market - France
- 9.4.6.1. France: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.6.2. France: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.6.3. France: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.6.4. France: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4.7. Polyurea Coatings Market - Germany
- 9.4.7.1. Germany: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.7.2. Germany: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.7.3. Germany: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.7.4. Germany: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4.8. Polyurea Coatings Market - Italy
- 9.4.8.1. Italy: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.8.2. Italy: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.8.3. Italy: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.8.4. Italy: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4.9. Polyurea Coatings Market - Spain
- 9.4.9.1. Spain: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.9.2. Spain: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.9.3. Spain: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.9.4. Spain: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4.10. Polyurea Coatings Market - Netherlands
- 9.4.10.1. Netherlands: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.10.2. Netherlands: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.10.3. Netherlands: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.10.4. Netherlands: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.4.11. Polyurea Coatings Market - Russia
- 9.4.11.1. Russia: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.4.11.2. Russia.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.4.11.3. Russia: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.11.4. Russia: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.5. Polyurea Coatings Market - Asia Pacific
- 9.5.1. Asia Pacific: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.5.2. Asia Pacific: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.3. Asia Pacific: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.4. Asia Pacific: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.5.5. Polyurea Coatings Market - China
- 9.5.5.1. China: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.5.5.2. China.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.5.3. China: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.5.4. China: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.5.6. Polyurea Coatings Market - India
- 9.5.6.1. India: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.5.6.2. India.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.6.3. India: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.6.4. India: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.5.7. Polyurea Coatings Market - Japan
- 9.5.7.1. Japan: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.5.7.2. Japan.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.7.3. Japan: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.7.4. Japan: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.5.8. Polyurea Coatings Market - Malaysia
- 9.5.8.1. Malaysia: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.5.8.2. Malaysia.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.8.3. Malaysia: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.8.4. Malaysia: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.5.9. Polyurea Coatings Market - Indonesia
- 9.5.9.1. Indonesia: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.5.9.2. Indonesia.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.9.3. Indonesia: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.9.4. Indonesia: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.5.10. Polyurea Coatings Market - South Korea
- 9.5.10.1. South Korea: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.5.10.2. South Korea.: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.5.10.3. South Korea: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.10.4. South Korea: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.6. Polyurea Coatings Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.6.2. Middle East & Africa: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.3. Middle East & Africa: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.4. Middle East & Africa: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.6.5. Polyurea Coatings Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.6.5.2. Saudi Arabia: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.5.3. Saudi Arabia: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.5.4. Saudi Arabia: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.6.6. Polyurea Coatings Market - South Africa
- 9.6.6.1. South Africa: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.6.6.2. South Africa: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.6.3. South Africa: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.6.4. South Africa: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.6.7. Polyurea Coatings Market - Israel
- 9.6.7.1. Israel: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.6.7.2. Israel: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.7.3. Israel: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.7.4. Israel: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.6.8. Polyurea Coatings Market - UAE
- 9.6.8.1. UAE: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.6.8.2. UAE: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.6.8.3. UAE: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.8.4. UAE: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.7. Polyurea Coatings Market - Latin America
- 9.7.1. Latin America: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.7.2. Latin America: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.3. Latin America: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.4. Latin America: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.7.5. Polyurea Coatings Market - Mexico
- 9.7.5.1. Mexico: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.7.5.2. Mexico: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.5.3. Mexico: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.5.4. Mexico: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.7.6. Polyurea Coatings Market - Brazil
- 9.7.6.1. Brazil: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.7.6.2. Brazil: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.6.3. Brazil: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.6.4. Brazil: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
- 9.7.7. Polyurea Coatings Market - Argentina
- 9.7.7.1. Argentina: Polyurea Coatings Market, by Raw Material, 2018 - 2030 (USD Billion)
- 9.7.7.2. Argentina: Polyurea Coatings Market, by End-Use, 2018 - 2030 (USD Billion)
- 9.7.7.3. Argentina: Polyurea Coatings Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.7.4. Argentina: Polyurea Coatings Market, by Polyurea Type, 2018 - 2030 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. PPG Industries Inc
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Sherwin-Williams Company
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Nukote Coating Systems
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Armorthane Inc.
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Wasser Corporation
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Rhino Linings Corporation
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Kukdo Chemical Co., Ltd
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Voelkel Industrial Products Gmbh (VIP)
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Teknos
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Polycoat Products LLC
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Technopol
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Chemline Inc
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Duraamen Engineered Products Inc.
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development