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 - Global Forecast to 2025
[147 Pages Report] 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. There is a high demand for polyurea coatings from the building & construction, transportation, industrial, and landscape end-use industries.
Increasing requirements for improving performance, durability, and ease-of-use of products are the key factors contributing to the growth of the polyurea coatings market. This is attributed to the increased demand for consumer goods and technological & infrastructural developments. Emerging applications of polyurea coatings in different end-use industries with the advancement of the coating technology are expected to drive the market during the forecast period.
The aromatic isocyanate segment is expected to account for the largest share of the polyurea coatings market.
Aromatic isocyanate-based polyurea has excellent physical properties with high-performance features along with abrasion and corrosion resistance for coating applications in the marine (boat hulls, docks, and others), construction (wall & floor coatings and others), industrial (machinery, containment, and others), and other industries. Aromatic polyurea coatings are not color stable when exposed to UV light due to the aromatic content. The aromatic isocyanate-based polyurea coatings segment is highly dependent on the growth of its end-use industries, including transportation, building & construction, marine, and industrial.
Pure polyurea is expected to the largest segment of the polyurea coating market.
Pure polyurea is derived from the chemical reaction of isocyanates and amine-terminated resins. Pure polyurea plays a vital role in determining the properties of the final coated surface. It has zero VOC content and is used widely due to its excellent performance properties, such as fast curing time, long pot life, outstanding chemical resistance, and moisture resistance.
Polyurea coatings manufacturers are investing in the development of new products as well as broadening their product portfolio to cater to the rising demand from consumers. The pure polyurea coatings market is highly dependent on the growth of the end-use industries. The main applications of pure polyurea include roof coat, floor coat, and bonded area, among others.
The spraying technology segment is expected to account for the largest share of the polyurea coatings industry.
The spraying technology segment holds the maximum percentage of the polyurea coating market. In this technology, the two componentsisocyanates and resin blend, are pumped through storage drums/barrels into the spraying machine. With the help of this machine, the two components are brought to the required processing parameters at the accurate mix ratio of 1:1. This mixture is then sprayed onto the surface.
Spraying is the most widely used coating technology as it can be applied quickly and accurately on to the surface. The drivers for the market in this segment are infrastructural growth in the countries, coupled with increase in applications, including floor coatings, roof coatings, bed-linings, secondary containment, and wastewater treatments, among others.
The building & construction end-use industry is expected to account for the largest share of the polyurea coatings market.
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 expected to account for the largest polyurea coatings market share during the forecast period.
APAC is the fastest-growing market for polyurea coatings. The growth is mainly attributed to high economic growth, and substantial investment in industries, such as automotive, marine, building & construction, and manufacturing. APAC is an emerging economy with many rapidly developing countries.
Various industry players are willing to invest in this region. Most of the leading players in North America and Europe are planning to shift their manufacturing base to APAC as it offers inexpensive raw materials, low cost of production, and the ability to serve the local emerging market in a better way.
The APAC region is experiencing increased demand for premium and high-quality products due to the increasing disposable income of the middle-class population. This has led to an increased demand for polyurea coatings in the APAC market.
Key Market Players
The key players of polyurea coatings market 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). PPG Industries, Inc. (US) is one of the largest polyurea coating companies. This company manufactures customized solutions catering to particular industries and applications. The company has leveraged its strong financial background and distribution network to expand its business in China and the US.
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|
Report Metric |
Details |
|
Years considered for the study |
20182025 |
|
Base year |
2019 |
|
Forecast period |
20202025 |
|
Units considered |
Value (USD) and Volume (Million Square Meter) |
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Segments |
Raw Material, Type, Technology, End-use Industry |
|
Regions |
APAC, North America, Europe, South America, and Middle East & Africa |
|
Companies |
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) |
This research report categorizes the polyurea coatings market based on raw material, type, technology, end-use industry, and region.
Based on raw material:
- Aromatic Isocyanate
- Aliphatic Isocyanate
Based on type:
- Pure polyurea
- Hybrid polyurea
Based on technology:
- Spraying
- Pouring
- Hand-mixing
Based on the end-use industry:
- Building & construction
- Transportation
- Industrial
- Landscape
Based on the region:
- APAC
- North America
- Europe
- South America
- Middle East & Africa
Recent Developments:
- In February 2019, PPG invested USD 10 million in a new 82,000-square-feet facility and Class A paint line at its South Carolina coatings services facility. This initiative was taken to meet the increasing demand for Class A coatings from automotive and large truck markets.
- PPG acquired The Crown Group, a US-based coatings application service provider, from Charter Oak Capital Partners and High Road Capital Partners, in October 2017. The Crown Group caters to customers in the automotive, agriculture, construction, heavy truck, and alternative energy industries, which are the key areas of interest for PPG. This acquisition has helped PPG enhance its services to OEM customers.
- In June 2017, The Sherwin-Williams Company completed the acquisition of The Valspar Corporation. The acquisition helped accelerate Sherwin-Williams global growth strategy to establish itself as a global leader in paints & coatings. The combination of these two companies formed an enhanced brand portfolio, expanded product range, premier technology and innovation platforms, and an extensive global footprint.
Key questions addressed by the report:
- What are the major developments impacting the market?
- What are the upcoming technologies in the polyurea coatings market?
- What will be the major factors impacting market growth during the forecast period?
- What are the driving factors, opportunities, restraints, and challenges that affect the growth of the market?
- What will be the future of the polyurea coating market?
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of polyurea coatings?
Polyurea coating exhibit superior properties over conventional coatings; they have no VOC content and provide excellent performance, longer pot life, and faster curing ability.
Why polyurea coatings are gaining market share?
Increased set of end-uses of polyurea coatings in applications such as building & construction, transportation, industrial, and landscape, with further emergence of new applications is driving the polyurea coatings market.
Which application is expected to account for the largest share of the polyurea coating market?
The building & construction application is expected to account for the largest share of the polyurea coatings market. The polyurea coatings help to improve the performance requirement of specific construction applications. These coatings are used for crack-bridging, improving tensile & compressive strength, waterproofing, providing corrosion and chemical & water resistance, and enhancing other mechanical properties of the structure.
Which are the application areas under building and construction application?
The polyurea coatings are widely used in the building & construction applications such as bridge construction, commercial architecture, floor & roof coating, caulks, joint fill, parking decks, concrete repair, and structural bonds.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 MARKET SCOPE
1.2.2 REGIONS COVERED
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
1.4 UNIT CONSIDERED
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 33)
4 PREMIUM INSIGHTS (Page No. - 37)
4.1 ATTRACTIVE OPPORTUNITIES IN POLYUREA COATINGS MARKET
4.2 POLYUREA COATING MARKET, BY RAW MATERIAL
4.3 POLYUREA COATINGS MARKET, DEVELOPED VS. DEVELOPING COUNTRIES
4.4 APAC POLYUREA COATINGS MARKET, BY POLYUREA TYPE AND END-USE INDUSTRY
4.5 POLYUREA COATING MARKET, BY KEY COUNTRIES
5 MARKET OVERVIEW (Page No. - 41)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Polyurea coatings replacing other competitive coating systems
5.2.1.2 Technological advancements related to processes and techniques involved in manufacturing
5.2.1.3 Growing use in different end-use industries
5.2.2 RESTRAINTS
5.2.2.1 Costlier than competitive coating technologies
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in coating technologies and emerging applications
5.2.3.2 Growing opportunities in APAC
5.2.4 CHALLENGES
5.2.4.1 Toxic raw materials
5.2.4.2 Existing coating technologies
5.3 PORTERS FIVE FORCES ANALYSIS
5.3.1 INTENSITY OF COMPETITIVE RIVALRY
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 THREAT OF NEW ENTRANTS
5.4 RAW MATERIAL ANALYSIS
5.4.1 ISOCYANATES
5.4.2 RESIN BLEND
5.5 VALUE CHAIN OVERVIEW
5.5.1 VALUE CHAIN ANALYSIS
5.5.2 DISRUPTION IN VALUE CHAIN DUE TO COVID19
5.5.2.1 Action plan against such vulnerability
5.6 MACROECONOMIC INDICATORS
5.6.1 INTRODUCTION
5.6.2 TRENDS AND FORECAST OF GDP
5.6.2.1 COVID19 impact on the global economy
5.6.3 TRENDS AND FORECAST IN THE CONSTRUCTION INDUSTRY
5.6.3.1 COVID19 impact on the construction industry
6 POLYUREA COATINGS MARKET, BY RAW MATERIAL (Page No. - 53)
6.1 INTRODUCTION
6.1.1 AROMATIC ISOCYANATE
6.1.1.1 Transportation, building & construction, marine, and industrial sectors to influence the market
6.1.2 ALIPHATIC ISOCYANATE
6.1.2.1 Growth of industries such as building & construction and transportation expected to increase the demand
7 POLYUREA COATINGS MARKET, BY POLYUREA TYPE (Page No. - 58)
7.1 INTRODUCTION
7.1.1 PURE POLYUREA
7.1.1.1 New product development to boost the demand
7.1.2 HYBRID POLYUREA
7.1.2.1 Growth of the infrastructure sector in APAC to propel the market
8 POLYUREA COATING MARKET, BY TECHNOLOGY (Page No. - 62)
8.1 INTRODUCTION
8.1.1 SPRAYING
8.1.1.1 Most widely used polyurea coating technology backed by growing applications
8.1.2 POURING
8.1.2.1 Increasing stringent environmental regulations for zero or non-VOC coatings to boost the demand
8.1.3 HAND MIXING
8.1.3.1 Used in decorative flooring and industrial flooring applications
9 POLYUREA COATINGS MARKET, BY END-USE INDUSTRY (Page No. - 67)
9.1 INTRODUCTION
9.1.1 BUILDING & CONSTRUCTION
9.1.1.1 Increased per capita income in emerging economies to be the market driver
9.1.2 TRANSPORTATION
9.1.2.1 Increasing demand for refrigerated food trucks to boost the market
9.1.3 INDUSTRIAL
9.1.3.1 Population growth and improved standard of living to be the major factors driving the market
9.1.4 LANDSCAPE
9.1.4.1 Rising construction of theme parks, artificial landscape, and water parks & playgrounds to increase the demand for polyurea coatings
10 POLYUREA COATINGS MARKET, BY REGION (Page No. - 74)
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.1.1 Increase in housing investments and growing exports to emerging markets driving the market
10.2.2 CANADA
10.2.2.1 Increasing construction activities, developed transportation sector, and investments in R&D to boost the market
10.2.3 MEXICO
10.2.3.1 Changing monetary and fiscal policies to support market growth
10.3 APAC
10.3.1 CHINA
10.3.1.1 Market driven by foreign investments and availability of cheap labor and raw materials
10.3.2 INDIA
10.3.2.1 Increasing disposable income and urbanization contributing to the demand for polyurea coatings
10.3.3 JAPAN
10.3.3.1 Presence of a well-established building & construction industry to boost the market
10.3.4 SOUTH KOREA
10.3.4.1 Governments sustenance to promote advanced technology and manufacturing activities supporting the market growth
10.3.5 MALAYSIA
10.3.5.1 A sharp increase in the number of construction activities to boost demand
10.3.6 INDONESIA
10.3.6.1 Increasing domestic consumption and FDIs to help in the market growth
10.3.7 TAIWAN
10.3.7.1 Increasing government expenditure and continued investments in environmentally sustainable and energy-efficient assets to promote market growth
10.3.8 REST OF APAC
10.4 EUROPE
10.4.1 GERMANY
10.4.1.1 Market growth backed by the presence of a large number of polyurea coating manufacturers
10.4.2 BENELUX
10.4.2.1 Rising exports and increasing investments in the energy and transport infrastructure to fuel the market
10.4.3 UK
10.4.3.1 Expanding construction industry to drive the market
10.4.4 FRANCE
10.4.4.1 Governments renovation & residential construction policies to be the growth drivers
10.4.5 SPAIN
10.4.5.1 Increasing construction activities and automotive production to propel the market
10.4.6 ITALY
10.4.6.1 Rapidly expanding construction industry to boost the market
10.4.7 RUSSIA
10.4.7.1 Government initiatives for expanding the countrys infrastructure to boost the market
10.4.8 REST OF EUROPE
10.5 MIDDLE EAST & AFRICA
10.5.1 SAUDI ARABIA
10.5.1.1 Positive performance of the construction industry to boost the market
10.5.2 UAE
10.5.2.1 Ongoing roadway, airport, and port (upgrade) projects contributing to the demand
10.5.3 SOUTH AFRICA
10.5.3.1 Rising construction stadiums and roads helping in the market growth
10.5.4 REST OF MIDDLE EAST & AFRICA
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.1.1 Growth of the energy and oil & gas industries promoting the demand for polyurea coatings
10.6.2 ARGENTINA
10.6.2.1 High demand for polyurea coatings in the construction and automotive industries
10.6.3 COLOMBIA
10.6.3.1 Steady growth of the middle-class population increasing the demand for automobiles and polyurea coatings
10.6.4 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE (Page No. - 117)
11.1 OVERVIEW
11.2 MARKET RANKING
11.3 COMPETITIVE LEADERSHIP MAPPING, 2019
11.3.1 VISIONARY LEADERS
11.3.2 INNOVATORS
11.3.3 DYNAMIC DIFFERENTIATORS
11.3.4 EMERGING COMPANIES
11.4 STRENGTH OF PRODUCT PORTFOLIO
11.5 BUSINESS STRATEGY EXCELLENCE
11.6 COMPETITIVE SCENARIO
11.6.1 MERGER & ACQUISITION
11.6.2 INVESTMENT & EXPANSION
12 COMPANY PROFILES (Page No. - 123)
12.1 PPG INDUSTRIES, INC.
12.1.1 BUSINESS OVERVIEW
12.1.2 PRODUCTS OFFERED
12.1.3 RECENT DEVELOPMENTS
12.1.4 SWOT ANALYSIS
12.1.5 RIGHT TO WIN
12.2 THE SHERWIN-WILLIAMS COMPANY
12.2.1 BUSINESS OVERVIEW
12.2.2 PRODUCTS OFFERED
12.2.3 RECENT DEVELOPMENTS
12.2.4 SWOT ANALYSIS
12.2.5 RIGHT TO WIN
12.3 NUKOTE COATING SYSTEMS
12.3.1 BUSINESS OVERVIEW
12.3.2 PRODUCTS OFFERED
12.3.3 RIGHT TO WIN
12.4 VERSAFLEX INCORPORATED
12.4.1 BUSINESS OVERVIEW
12.4.2 PRODUCTS OFFERED
12.4.3 RIGHT TO WIN
12.5 ARMORTHANE INC.
12.5.1 BUSINESS OVERVIEW
12.5.2 PRODUCTS OFFERED
12.5.3 RIGHT TO WIN
12.6 WASSER CORPORATION
12.6.1 BUSINESS OVERVIEW
12.6.2 PRODUCTS OFFERED
12.7 RHINO LININGS CORPORATION
12.7.1 BUSINESS OVERVIEW
12.7.2 PRODUCTS OFFERED
12.8 KUKDO CHEMICAL CO., LTD.
12.8.1 BUSINESS OVERVIEW
12.8.2 PRODUCTS OFFERED
12.9 VOELKEL INDUSTRIAL PRODUCTS GMBH (VIP)
12.9.1 BUSINESS OVERVIEW
12.9.2 PRODUCTS OFFERED
12.10 TEKNOS
12.10.1 BUSINESS OVERVIEW
12.10.2 PRODUCTS OFFERED
12.11 OTHER COMPANIES
12.11.1 POLYCOAT PRODUCTS LLC
12.11.2 TECHNOPOL
12.11.3 SATYEN POLYMERS PVT. LTD
12.11.4 PROKOL INTERNATIONAL
12.11.5 CIPY POLYURETHANES PVT. LTD.
12.11.6 ULTIMATE LININGS
12.11.7 ZHUHAI FEIYANG NOVEL MATERIALS CO. LTD.
12.11.8 CHEMLINE INC.
12.11.9 DURAAMEN ENGINEERED PRODUCTS INC.
12.11.10 KRYPTON CHEMICAL
12.11.11 ELASTOTHANE LTD
12.11.12 ISOMAT S.A.
13 APPENDIX (Page No. - 141)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
LIST OF TABLES (147 Tables)
TABLE 1 POLYUREA COATINGS MARKET SNAPSHOT, 2020 VS. 2025
TABLE 2 GDP PERCENTAGE CHANGE, BY KEY COUNTRIES, 20172024 (USD BILLION)
TABLE 3 POLYUREA COATING MARKET SIZE, BY RAW MATERIAL, 20182025 (THOUSAND LITER)
TABLE 4 POLYUREA COATINGS MARKET SIZE, BY RAW MATERIAL, 20182025 (USD MILLION)
TABLE 5 AROMATIC ISOCYANATE-BASED POLYUREA COATING MARKET SIZE, BY REGION, 20182025 (THOUSAND LITER)
TABLE 6 AROMATIC ISOCYANATE-BASED POLYUREA COATINGS MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 7 ALIPHATIC ISOCYANATE-BASED POLYUREA COATING MARKET SIZE, BY REGION, 20182025 (THOUSAND LITER)
TABLE 8 ALIPHATIC ISOCYANATE-BASED POLYUREA COATINGS MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 9 POLYUREA COATINGS MARKET SIZE, BY POLYUREA TYPE, 20182025 (THOUSAND LITER)
TABLE 10 POLYUREA COATING MARKET SIZE, BY POLYUREA TYPE, 20182025 (USD MILLION)
TABLE 11 PURE POLYUREA COATINGS MARKET SIZE, BY REGION, 20182025 (THOUSAND LITER)
TABLE 12 PURE POLYUREA COATING MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 13 HYBRID POLYUREA COATINGS MARKET SIZE, BY REGION, 20182025 (THOUSAND LITER)
TABLE 14 HYBRID POLYUREA COATING MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 15 POLYUREA COATINGS MARKET SIZE, BY TECHNOLOGY, 20182025 (THOUSAND LITER)
TABLE 16 POLYUREA COATING MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
TABLE 17 POLYUREA COATINGS MARKET SIZE IN SPRAYING TECHNOLOGY, BY REGION, 20182025 (THOUSAND LITER)
TABLE 18 POLYUREA COATINGS MARKET SIZE IN SPRAYING TECHNOLOGY, BY REGION, 20182025 (USD MILLION)
TABLE 19 POLYUREA COATING MARKET SIZE IN POURING TECHNOLOGY, BY REGION, 20182025 (THOUSAND LITER)
TABLE 20 POLYUREA COATINGS MARKET SIZE IN POURING TECHNOLOGY, BY REGION, 20182025 (USD MILLION)
TABLE 21 POLYUREA COATING MARKET SIZE IN HAND MIXING TECHNOLOGY, BY REGION, 20182025 (THOUSAND LITER)
TABLE 22 POLYUREA COATINGS MARKET SIZE IN HAND MIXING TECHNOLOGY, BY REGION, 20182025 (USD MILLION)
TABLE 23 POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 24 POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 25 POLYUREA COATING MARKET SIZE IN BUILDING & CONSTRUCTION END-USE INDUSTRY, BY REGION, 20182025 (THOUSAND LITER)
TABLE 26 POLYUREA COATINGS MARKET SIZE IN BUILDING & CONSTRUCTION END-USE INDUSTRY, BY REGION, 20182025 (USD MILLION)
TABLE 27 POLYUREA COATING MARKET SIZE IN TRANSPORTATION END-USE INDUSTRY, BY REGION, 20182025 (THOUSAND LITER)
TABLE 28 POLYUREA COATINGS MARKET SIZE IN TRANSPORTATION END-USE INDUSTRY, BY REGION, 20182025 (USD MILLION)
TABLE 29 POLYUREA COATING MARKET SIZE IN INDUSTRIAL SEGMENT, BY REGION, 20182025 (THOUSAND LITER)
TABLE 30 POLYUREA COATINGS MARKET SIZE IN INDUSTRIAL SEGMENT, BY REGION, 20182025 (USD MILLION)
TABLE 31 POLYUREA COATING MARKET SIZE IN LANDSCAPE END-USE INDUSTRY, BY REGION, 20182025 (THOUSAND LITER)
TABLE 32 POLYUREA COATINGS MARKET SIZE IN LANDSCAPE END-USE INDUSTRY, BY REGION, 20182025 (USD MILLION)
TABLE 33 POLYUREA COATINGS MARKET SIZE, BY REGION, 20182025 (THOUSAND LITER)
TABLE 34 POLYUREA COATING MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 35 NORTH AMERICA: POLYUREA COATINGS MARKET SIZE, BY RAW MATERIAL, 20182025 (THOUSAND LITER)
TABLE 36 NORTH AMERICA: MARKET SIZE, BY RAW MATERIAL, 20182025 (USD MILLION)
TABLE 37 NORTH AMERICA: MARKET SIZE, BY POLYUREA TYPE, 20182025 (THOUSAND LITER)
TABLE 38 NORTH AMERICA: MARKET SIZE, BY POLYUREA TYPE, 20182025 (USD MILLION)
TABLE 39 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 20182025 (THOUSAND LITER)
TABLE 40 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
TABLE 41 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 42 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 43 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (THOUSAND LITER)
TABLE 44 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 45 US: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 46 US: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 47 CANADA: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 48 CANADA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 49 MEXICO: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 50 MEXICO: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 51 APAC: POLYUREA COATINGS MARKET SIZE, BY RAW MATERIAL, 20182025 (THOUSAND LITER)
TABLE 52 APAC: MARKET SIZE, BY RAW MATERIAL, 20182025 (USD MILLION)
TABLE 53 APAC: MARKET SIZE, BY POLYUREA TYPE, 20182025 (THOUSAND LITER)
TABLE 54 APAC: MARKET SIZE, BY POLYUREA TYPE, 20182025 (USD MILLION)
TABLE 55 APAC: MARKET SIZE, BY TECHNOLOGY, 20182025 (THOUSAND LITER)
TABLE 56 APAC: MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
TABLE 57 APAC: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 58 APAC: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 59 APAC: MARKET SIZE, BY COUNTRY, 20182025 (THOUSAND LITER)
TABLE 60 APAC: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 61 CHINA: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 62 CHINA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 63 INDIA: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 64 INDIA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 65 JAPAN: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 66 JAPAN: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 67 SOUTH KOREA: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 68 SOUTH KOREA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 69 MALAYSIA: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 70 MALAYSIA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 71 INDONESIA: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 72 INDONESIA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 73 TAIWAN: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 74 TAIWAN: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 75 REST OF APAC: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 76 REST OF APAC: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 77 EUROPE: POLYUREA COATINGS MARKET SIZE, BY RAW MATERIAL, 20182025 (THOUSAND LITER)
TABLE 78 EUROPE: MARKET SIZE, BY RAW MATERIAL, 20182025 (USD MILLION)
TABLE 79 EUROPE: MARKET SIZE, BY POLYUREA TYPE, 20182025 (THOUSAND LITER)
TABLE 80 EUROPE: MARKET SIZE, BY POLYUREA TYPE, 20182025 (USD MILLION)
TABLE 81 EUROPE: MARKET SIZE, BY TECHNOLOGY, 20182025 (THOUSAND LITER)
TABLE 82 EUROPE: MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
TABLE 83 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 84 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 85 EUROPE: MARKET SIZE, BY COUNTRY, 20182025 (THOUSAND LITER)
TABLE 86 EUROPE: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 87 GERMANY: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 88 GERMANY: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 89 BENELUX: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 90 BENELUX: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 91 UK: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 92 UK: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 93 FRANCE: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 94 FRANCE: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 95 SPAIN: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 96 SPAIN: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 97 ITALY: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 98 ITALY: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 99 RUSSIA: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 100 RUSSIA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 101 REST OF EUROPE: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 102 REST OF EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 103 MIDDLE EAST & AFRICA: POLYUREA COATINGS MARKET SIZE, BY RAW MATERIAL, 20182025 (THOUSAND LITER)
TABLE 104 MIDDLE EAST & AFRICA: MARKET SIZE, BY RAW MATERIAL, 20182025 (USD MILLION)
TABLE 105 MIDDLE EAST & AFRICA: MARKET SIZE, BY POLYUREA TYPE, 20182025 (THOUSAND LITER)
TABLE 106 MIDDLE EAST & AFRICA: MARKET SIZE, BY POLYUREA TYPE, 20182025 (USD MILLION)
TABLE 107 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY, 20182025 (THOUSAND LITER)
TABLE 108 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 110 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 111 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 20182025 (THOUSAND LITER)
TABLE 112 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 113 SAUDI ARABIA: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 114 SAUDI ARABIA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 115 UAE: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 116 UAE: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 117 SOUTH AFRICA: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 118 SOUTH AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 119 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 120 REST OF MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 121 SOUTH AMERICA: POLYUREA COATING MARKET SIZE, BY RAW MATERIAL, 20182025 (THOUSAND LITER)
TABLE 122 SOUTH AMERICA: MARKET SIZE, BY RAW MATERIAL, 20182025 (USD MILLION)
TABLE 123 SOUTH AMERICA: MARKET SIZE, BY POLYUREA TYPE, 20182025 (THOUSAND LITER)
TABLE 124 SOUTH AMERICA: MARKET SIZE, BY POLYUREA TYPE, 20182025 (USD MILLION)
TABLE 125 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 20182025 (THOUSAND LITER)
TABLE 126 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 20182025 (USD MILLION)
TABLE 127 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 128 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 129 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (THOUSAND LITER)
TABLE 130 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 131 BRAZIL: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 132 BRAZIL: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 133 ARGENTINA: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 134 ARGENTINA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 135 COLOMBIA: POLYUREA COATING MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 136 COLOMBIA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 137 REST OF SOUTH AMERICA: POLYUREA COATINGS MARKET SIZE, BY END-USE INDUSTRY, 20182025 (THOUSAND LITER)
TABLE 138 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 20182025 (USD MILLION)
TABLE 139 MERGER & ACQUISITION, 2017-2020
TABLE 140 INVESTMENT & EXPANSION, 20172020
LIST OF FIGURES (40 Figures)
FIGURE 1 POLYUREA COATINGS MARKET SEGMENTATION
FIGURE 2 POLYUREA COATING MARKET: RESEARCH DESIGN
FIGURE 3 POLYUREA COATINGS MARKET, BY VALUE
FIGURE 4 POLYUREA COATING MARKET, BY REGION
FIGURE 5 POLYUREA COATINGS MARKET, BY END-USE INDUSTRY
FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH, BY END-USE INDUSTRY
FIGURE 7 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 8 POLYUREA COATINGS MARKET: DATA TRIANGULATION
FIGURE 9 AROMATIC ISOCYANATE TO BE THE LARGER SEGMENT
FIGURE 10 PURE POLYUREA TO BE THE FASTER-GROWING SEGMENT
FIGURE 11 BUILDING & CONSTRUCTION END-USE INDUSTRY TO DOMINATE THE MARKET
FIGURE 12 APAC TO BE THE FASTEST-GROWING POLYUREA COATING MARKET
FIGURE 13 POLYUREA COATINGS MARKET TO REGISTER ROBUST GROWTH BETWEEN 2020 AND 2025
FIGURE 14 ALIPHATIC ISOCYANATE TO BE THE FASTER-GROWING SEGMENT
FIGURE 15 DEVELOPING COUNTRIES TO GROW FASTER THAN THE DEVELOPED COUNTRIES
FIGURE 16 PURE POLYUREA AND BUILDING & CONSTRUCTION SEGMENTS ACCOUNTED FOR THE LARGEST SHARES
FIGURE 17 INDIA TO REGISTER THE HIGHEST CAGR
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN POLYUREA COATING MARKET
FIGURE 19 PORTERS FIVE FORCES ANALYSIS OF POLYUREA COATINGS MARKET
FIGURE 20 FORMATION OF POLYUREA COATINGS
FIGURE 21 POLYUREA COATINGS VALUE CHAIN ANALYSIS
FIGURE 22 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 20172025
FIGURE 23 AROMATIC ISOCYANATE SEGMENT TO HOLD LARGER MARKET SHARE
FIGURE 24 PURE POLYUREA TO BE THE LARGER SEGMENT
FIGURE 25 SPRAYING TECHNOLOGY TO ACCOUNT FOR THE LARGEST MARKET SHARE
FIGURE 26 BUILDING & CONSTRUCTION TO BE THE LARGEST END-USE INDUSTRY OF POLYUREA COATINGS
FIGURE 27 APAC TO BE THE FASTEST-GROWING REGION IN THE POLYUREA COATINGS MARKET
FIGURE 28 NORTH AMERICA: POLYUREA COATING MARKET SNAPSHOT
FIGURE 29 APAC: POLYUREA COATINGS MARKET SNAPSHOT
FIGURE 30 EUROPE: POLYUREA COATING MARKET SNAPSHOT
FIGURE 31 MIDDLE EAST & AFRICA: POLYUREA COATINGS MARKET SNAPSHOT
FIGURE 32 SOUTH AMERICA: POLYUREA COATING MARKET SNAPSHOT
FIGURE 33 COMPANIES ADOPTED MERGER & ACQUISITION AS THE KEY GROWTH STRATEGY BETWEEN 2017 AND 2020
FIGURE 34 POLYUREA COATINGS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 35 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN POLYUREA COATING MARKET
FIGURE 36 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN POLYUREA COATINGS MARKET
FIGURE 37 PPG INDUSTRIES: COMPANY SNAPSHOT
FIGURE 38 PPG INDUSTRIES: SWOT ANALYSIS
FIGURE 39 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
FIGURE 40 THE SHERWIN-WILLIAMS COMPANY: SWOT ANALYSIS
The study involved four major activities in estimating the current size of the polyurea coatings market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of the segments and the sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg, and BusinessWeek were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.
Primary Research
The polyurea coatings market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side for this market is characterized by the development of end-use industries and applications such as building & construction, transportation, industrial, and landscape. The supply side is characterized by advancements in functions, raw material, type, technologies, and diverse end-use industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the overall size of the polyurea coatings market. These methods were also used to estimate the size of various sub-segments of the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the polyurea coatings market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the global polyurea coatings market in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To analyze and forecast the polyurea coatings market by raw material, technology, polyurea type, and end-use industry
- To forecast the market size with respect to five main regions: Asia Pacific (APAC), the Middle East & Africa, Europe, North America, and South America
- To strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the overall polyurea coatings market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments in the polyurea coatings market, such as investments & expansions, and mergers & acquisitions
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs.
The following customization options are available for the polyurea coatings market report:
Product Analysis:
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of a specific country based on end-use industry
Company Information:
- Detailed analysis and profiling of additional market players
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Growth opportunities and latent adjacency in Polyurea Coatings Market
Technical information on Polyurea Coating for anti-corrosion purpose
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Polyurea Type, Technology, Application (Building & Construction, Transportation, Industrial, & Landscape)