HOME Top Market Reports Polyurea Coatings Market by Type (Pure and Hybrid), Technology (Spraying, Pouring, and Hand Mixing), Application (Building & Construction, Transportation, Industrial, and Landscape), Raw Material, and Region - Global Forecast to 2022

Polyurea Coatings Market by Type (Pure and Hybrid), Technology (Spraying, Pouring, and Hand Mixing), Application (Building & Construction, Transportation, Industrial, and Landscape), Raw Material, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: CH 3857

 

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The polyurea coatings market is projected to grow from USD 684.3 Million in 2017 to USD 1,266.5 Million by 2022, at a CAGR of 13.10% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study:

  • To define, describe, and forecast the polyurea coatings market based on type, raw material, technology, application, and region
  • To provide detailed information regarding key factors, such as drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues, influencing the growth of the polyurea coatings market
  • To analyze micromarkets with respect to individual growth trends, growth prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and draw a competitive landscape of the market
  • To forecast the market size, in terms of value and volume, with respect to regions (along with country-level data), namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America
  • To profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches & developments, and research & development (R&D) activities in the polyurea coatings market

Both top-down and bottom-up approaches were used to estimate and validate the size of the polyurea coatings market, and to estimate the size of various other dependent submarkets. The research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, ICIS, and Securities and Exchange Commission (SEC), among other government and private websites, to identify and collect information useful for a technical, market-oriented, and commercial study of the polyurea coatings market.

To know about the assumptions considered for the study, download the pdf brochure

The polyurea coatings market has a diversified and established ecosystem of upstream players such as raw material suppliers and downstream stakeholders such as manufacturers, vendors, end users, and government organizations. Key players operational in the market include VersaFlex Inc. (U.S.), PPG Industries, Inc. (U.S.), Sherwin-Williams Company (U.S.), Rhino Linings Corporation (U.S.), Kukdo Chemical Co., Ltd. (South Korea), Nukote Coating Systems (U.S.), VIP GmbH (Germany), and Specialty Products, Inc. (U.S.), among others.

Key Target Audience:

  • Manufacturers of Polyurea Coatings
  • Raw Material Suppliers
  • Traders, Distributors, and Suppliers of Polyurea Coatings
  • Government & Regional Agencies and Research Organizations
  • Investment Research Firms

Scope of the Report:

The polyurea coatings market has been segmented on the basis of type, raw material, technology, application, and region.

Polyurea Coatings Market, By Type:

  • Pure Polyurea
  • Hybrid Polyurea

Polyurea Coatings Market, By Raw Material:

  • Aromatic Isocyanate
  • Aliphatic Isocyanate

Polyurea Coatings Market, By Technology:

  • Spraying
  • Pouring
  • Hand Mixing

Polyurea Coatings Market, By Application:

  • Building & Construction
  • Transportation
  • Industrial
  • Landscape

Polyurea Coatings Market, By Region:

  • Asia-Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

The market has been further analyzed for key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the polyurea coatings market based on type and application

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Polyurea Coatings Market, By Region
           1.3.2 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    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 and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities for Market Players
    4.2 Polyurea Coatings Market, By Raw Material
    4.3 Polyurea Coatings Market: Developed vs Developing Nations
    4.4 Polyurea Coatings Market in Asia-Pacific

5 Market Overview and Industry Trends (Page No. - 32)
    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 Advancement in the Polyurea Coatings Market
                    5.2.1.3 High Growth in End-Use Industry
           5.2.2 Restraints
                    5.2.2.1 Costlier Than Competitive Coatings Technology
                    5.2.2.2 Toxic Raw Materials With Their Regulations
           5.2.3 Opportunities
                    5.2.3.1 Growing Technology in the Coatings Market and Impending Applications
                    5.2.3.2 Growing Opportunities Across the Asia-Pacific Market
           5.2.4 Challenges
                    5.2.4.1 Already Existing Coatings Technology
    5.3 Porter’s 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 Formation of Polyurea Coatings
           5.4.1 Isocyanates
           5.4.2 Resin Blend
    5.5 Patent Details
           5.5.1 Introduction
    5.6 Macroeconomic Overview and Key Trends
           5.6.1 Introduction
           5.6.2 Trends and Forecast of GDP
           5.6.3 Production Statistics of the Automotive Industry

6 Polyurea Coatings Market, By Raw Material (Page No. - 43)
    6.1 Introduction
    6.2 Aromatic Isocyanate-Based Segment
    6.3 Aliphatic Isocyanate-Based Segment

7 Polyurea Coatings Market, By Polyurea Type (Page No. - 48)
    7.1 Introduction
    7.2 Pure Polyurea
    7.3 Hybrid Polyurea

8 Polyurea Coatings Market, By Technology (Page No. - 52)
    8.1 Introduction
    8.2 Spraying
    8.3 Pouring
    8.4 Hand Mixing

9 Polyurea Coatings Market, By Application (Page No. - 58)
    9.1 Introduction
    9.2 Building & Construction
    9.3 Transportation
    9.4 Industrial Application
    9.5 Landscape

10 Polyurea Coatings Market, Regional Analysis (Page No. - 65)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 Benelux
             10.3.3 U.K.
             10.3.4 France
             10.3.5 Spain
             10.3.6 Italy
             10.3.7 Russia
             10.3.8 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
             10.4.5 Malaysia
             10.4.6 Indonesia
             10.4.7 Taiwan
             10.4.8 Rest of Asia-Pacific
     10.5 The Middle East & Africa
             10.5.1 Saudi Arabia
             10.5.2 UAE
             10.5.3 South Africa
             10.5.4 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Colombia
             10.6.4 Rest of South America

11 Competitive Landscape (Page No. - 94)
     11.1 Introduction
     11.2 Polyurea Coatings Market: Competitive Leadership Mapping
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies
     11.3 Competitive Benchmarking
             11.3.1 Strength of Product Portfolio
             11.3.2 Business Strategy Excellence
*Top 25 Companies Analyzed for This Study are - PPG Industries, Inc., the Sherwin-Williams Company, Versaflex Inc., Nukote Coating Systems, Specialty Products Inc. (SPI), Rhino Linings Corporation, Voelkel Industrial Products GmbH (VIP), Futura Coatings Itw Engineered Polymers, Armorthane Inc., Polycoat Products, Teknos, Kukdo Chemical Co., Ltd., Technopol, Wasser Corporation, Universal Coatings, Satyen Polymers Pvt. Ltd, Prokol International, Guangzhou Supe Chemical Co., Ltd., Cipy Polyurethanes Pvt. Ltd., Ultimate Linings, Zhuhai Feiyang Materials Co. Ltd., Chemline, Inc., Duraamen Engineered Products Inc., Henry Company, Krypton Chemical
     11.4 Market Ranking
             11.4.1 Market Ranking of Key Players (2016)

12 Company Profiles (Page No. - 99)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     12.1 PPG Industries, Inc.
     12.2 The Sherwin-Williams Company
     12.3 Nukote Coating Systems
     12.4 Versaflex Inc.
     12.5 Specialty Products Inc.
     12.6 Armorthane Inc.
     12.7 Wasser Corporation
     12.8 Rhino Linings Corporation
     12.9 Kukdo Chemical Co., Ltd.
     12.10 Voelkel Industrial Products GmbH (VIP)
*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence and Recent Developments Might Not Be Captured in Case of Unlisted Companies.
     12.11 List of Other Companies

13 Appendix (Page No. - 117)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (88 Tables)

Table 1 Polyurea Coatings Market Snapshot
Table 2 Patent Details
Table 3 Trends and Forecast of GDP, (Annual Percent Change)
Table 4 North America: Production Statistics of the Automotive* Industry, By Country, 2015–2016 (Unit)
Table 5 Europe: Production Statistics of the Automotive* Industry, By Country, 2015–2016 (Unit)
Table 6 Asia-Pacific: Production Statistics of Automotive* Industry, By Country, 2015–2016 (Unit)
Table 7 Polyurea Coatings Market Size, By Raw Material, 2015–2022 (USD Million)
Table 8 Polyurea Coatings Market Size, By Type, 2015–2022 (Thousand Liter)
Table 9 Aromatic Isocyanate-Based Segment Market Size, By Region, 2015–2022 (USD Million)
Table 10 Aromatic Isocyanate-Based Segment Market Size, By Region, 2015–2022 (Thousand Liter)
Table 11 Aliphatic Isocyanate-Based Segment Market Size, By Region, 2015–2022 (USD Million)
Table 12 Aliphatic Isocyanate-Based Segment Market Size, By Region, 2015–2022 (Thousand Liter)
Table 13 Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (USD Million)
Table 14 Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (Thousand Liter)
Table 15 Pure Polyurea Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 16 Pure Polyurea Coatings Market Size, By Region, 2015–2022 (Thousand Liter)
Table 17 Hybrid Polyurea Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 18 Hybrid Polyurea Market Size, By Region, 2015–2022 (Thousand Liter)
Table 19 Polyurea Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 20 Polyurea Coatings Market Size, By Technology, 2015–2022 (Thousand Liter)
Table 21 Polyurea Coatings Market Size in Spraying Technology, By Region, 2015–2022 (USD Million)
Table 22 Polyurea Coatings Market Size in Spraying Technology, By Region, 2015–2022 (Thousand Liter)
Table 23 Polyurea Coatings Market Size in Pouring Technology, By Region, 2015–2022 (USD Million)
Table 24 Polyurea Coatings Market Size in Pouring Technology, By Region, 2015–2022 (Thousand Liter)
Table 25 Polyurea Coatings Market Size in Hand Mixing Technology, By Region, 2015–2022 (USD Million)
Table 26 Polyurea Coatings Market Size in Hand Mixing Technology, By Region, 2015–2022 (Thousand Liter)
Table 27 Polyurea Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 28 Polyurea Coatings Market, By Application, 2015–2022 (Thousand Liter)
Table 29 Polyurea Coatings Market Size in Building & Construction Application, By Region, 2015–2022 (USD Million)
Table 30 Polyurea Coatings Market Size in Building & Construction Application, By Region, 2015–2022 (Thousand Liter)
Table 31 Polyurea Coatings Market Size in Transportation Application, By Region, 2015–2022 (USD Million)
Table 32 Polyurea Coatings Market Size in Transportation Application, By Region, 2015–2022 (Thousand Liter)
Table 33 Polyurea Coatings Market Size in Industrial Application, By Region, 2015–2022 (USD Million)
Table 34 Polyurea Coatings Market Size in Industrial Application, By Region, 2015–2022 (Thousand Liter)
Table 35 Polyurea Coatings Market Size in Landscape Application, By Region, 2015–2022 (USD Million)
Table 36 Polyurea Coatings Market Size in Landscape Application, By Region, 2015–2022 (Thousand Liter)
Table 37 Polyurea Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 38 Polyurea Coatings Market, By Region, 2015–2022 (Thousand Liter)
Table 39 North America: Polyurea Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 40 North America: Polyurea Coatings Market Size, By Country, 2015–2022 (Thousand Liter)
Table 41 North America: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (USD Million)
Table 42 North America: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (Thousand Liter)
Table 43 North America: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (USD Million)
Table 44 North America: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (Thousand Liter)
Table 45 North America: Polyurea Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 46 North America: Polyurea Coatings Market Size, By Technology, 2015–2022 (Thousand Liter)
Table 47 North America: Polyurea Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 48 North America: Polyurea Coatings Market Size, By Application, 2015–2022 (Thousand Liter)
Table 49 Europe: Polyurea Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 50 Europe: Polyurea Coatings Market Size, By Country, 2015–2022 (Thousand Liter)
Table 51 Europe: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (USD Million)
Table 52 Europe: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (Thousand Liter)
Table 53 Europe: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (USD Million)
Table 54 Europe: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (Thousand Liter)
Table 55 Europe: Polyurea Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 56 Europe: Polyurea Coatings Market Size, By Technology, 2015–2022 (Thousand Liter)
Table 57 Europe: Polyurea Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 58 Europe: Polyurea Coatings Market Size, By Application, 2015–2022 (Thousand Liter)
Table 59 Asia-Pacific: Polyurea Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 60 Asia-Pacific: Polyurea Coatings Market Size, By Country, 2015–2022 (Thousand Liter)
Table 61 Asia-Pacific: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (USD Million)
Table 62 Asia-Pacific: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (Thousand Liter)
Table 63 Asia-Pacific: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (USD Million)
Table 64 Asia-Pacific: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (Thousand Liter)
Table 65 Asia-Pacific: Polyurea Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 66 Asia-Pacific: Polyurea Coatings Market Size, By Technology, 2015–2022 (Thousand Liter)
Table 67 Asia-Pacific: Polyurea Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 68 Asia-Pacific: Polyurea Coatings Market, By Application, 2015–2022 (Thousand Liter)
Table 69 Middle East & Africa: Polyurea Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 70 Middle East & Africa: Polyurea Coatings Market Size, By Country, 2015–2022 (Thousand Liter)
Table 71 Middle East & Africa: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (USD Million)
Table 72 Middle East & Africa: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (Thousand Liter)
Table 73 Middle East & Africa: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (USD Million)
Table 74 Middle East & Africa: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (Thousand Liter)
Table 75 Middle East & Africa: Polyurea Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 76 Middle East & Africa: Polyurea Coatings Market Size, By Technology, 2015–2022 (Thousand Liter)
Table 77 Middle East & Africa: Polyurea Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 78 Middle East & Africa: Polyurea Coatings Market Size, By Application, 2015–2022 (Thousand Liter)
Table 79 South America: Polyurea Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 80 South America: Polyurea Coatings Market Size, By Country, 2015–2022 (Thousand Liter)
Table 81 South America: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (USD Million)
Table 82 South America: Polyurea Coatings Market Size, By Raw Material, 2015–2022 (Thousand Liter)
Table 83 South America: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (USD Million)
Table 84 South America: Polyurea Coatings Market Size, By Polyurea Type, 2015–2022 (Thousand Liter)
Table 85 South America: Polyurea Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 86 South America: Polyurea Coatings Market Size, By Technology, 2015–2022 (Thousand Liter)
Table 87 South America: Polyurea Coatings Market Size, By Application, 2015–2022 (USD Million)
Table 88 South America: Polyurea Coatings Market Size, By Application, 2015–2022 (Thousand Liter)


List of Figures (34 Figures)

Figure 1 Polyurea Coatings: Market Segmentation
Figure 2 Polyurea Coatings Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Polyurea Coatings Data Triangulation
Figure 6 Asia-Pacific Dominates the Global Polyurea Coatings Market
Figure 7 Pure Polyurea Segment to Drive the Market Growth During the Forecast Period
Figure 8 Landscape is the Emerging Segments of the Polyurea Coatings Market Between 2017 and 2022
Figure 9 Asia-Pacific to Be the Fastest-Growing Polyurea Coatings Market During the Forecast Period
Figure 10 Emerging Economies Will Offer Lucrative Growth Potential for Market Players
Figure 11 Aliphatic Isocyanates-Based Polyurea Coatings to Grow at A Higher Rate Between 2017 and 2022
Figure 12 Developing Markets to Grow Faster Than the Developed Ones
Figure 13 Building & Construction Segment Accounted for the Largest Share of the Polyurea Coatings Market in Asia-Pacific in 2016
Figure 14 The U.S. Accounted for the Largest Share in the Polyurea Coatings Market in 2016
Figure 15 Factors Governing the Polyurea Coatings Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 Raw Materials for Formulation of Polyurea Coatings
Figure 18 PPG Industries and Axalta Coating Systems Ip Co., LLC Registered the Highest Number of Patents Between 2014 and 2017*
Figure 19 Aromatic Isocyanates-Based Polyurea Coatings Segment to Dominate the Market, 2017 vs 2022 (USD Million)
Figure 20 North America to Continue Dominating the Market for Polyurea Coatings Between 2017 and 2022
Figure 21 Hybrid Polyurea Segment to Dominate the Polyurea Coatings Market, 2017 vs 2022 (USD Million)
Figure 22 Pouring to Be the Fastest-Growing Technology, Followed By Hand Mixing Between 2017 and 2022
Figure 23 Emergence of Major Applications Will Continue to Drive the Market During the Forecast Period
Figure 24 Landscape to Be the Fastest-Growing Application of Polyurea Coatings
Figure 25 Regional Snapshot Rapid Growth Markets are Emerging Countries as the New Hotspots
Figure 26 Asia-Pacific — A Potential Market for Polyurea Coatings
Figure 27 Growth of the Polyurea Coatings Applications Centers on the Emerging Markets
Figure 28 Asia-Pacific to Be the Fastest-Growing Application Market of Polyurea Coatings During the Forecast Period
Figure 29 North America Market Snapshot: the U.S. Was the Largest Polyurea Coatings Market in 2016
Figure 30 Europe Market Snapshot – Third-Largest Market, in Terms of Volume, in 2016
Figure 31 Asia-Pacific Market Snapshot – Potential Market for Polyurea Coatings Manufacturers
Figure 32 Polyurea Coatings Market: Competitive Leadership Mapping
Figure 33 PPG Industries, Inc.: Company Snapshot
Figure 34 The Sherwin-Williams Company: Company Snapshot

The polyurea coatings market is estimated to be USD 684.3 Million in 2017 and is projected to reach USD 1,266.5 Million by 2022, at a CAGR of 13.10% between 2017 and 2022. Polyurea coating is produced by the chemical reaction of two major components, namely, an isocyanate component and a resin blend component. Polyurea coatings are eco-friendly, high-performance products with no VOC content. These coatings have fast curing ability and can withstand extreme conditions, such as high humidity and low temperatures. Polyurea coatings are utilized in varied applications such as transportation, building & construction, industrial, and landscape.

The building & construction segment was the largest application segment of the polyurea coatings market in 2016. Improvement in infrastructure and development of the building & construction industry in the Asia-Pacific region are factors contributing to the growth of the polyurea coatings market. The transportation industry is one of the potential markets for polyurea coatings, as these coatings are widely utilized in truck bed linings, railcar linings, and conveyor belt linings.

Based on type, the hybrid polyurea segment is projected to lead the polyurea coatings market from 2017 to 2022. The pure polyurea type segment is projected to grow at the highest CAGR during the forecast period both, in terms of value and volume. This growth is mainly attributed to the high demand for pure polyurea coatings across varied applications that include roof coat, floor coat, and bonded area, among others.

The polyurea coatings market in the Asia-Pacific region is expected to witness significant growth, owing to increase in infrastructural activities and rise in initiatives undertaken by research institutions to drive R&D investments for the technological development of polyurea coatings. These institutions are focused on improving the performance, efficiency, and durability of polyurea coatings, thereby enhancing their applicability across varied end-use industries.

One of the key restraining factors impacting the growth of the polyurea coatings market is their high cost as compared with other coatings.

Key manufacturers of polyurea coatings include VersaFlex Inc. (U.S.), PPG Industries, Inc. (U.S.), Sherwin-Williams Company (U.S.), Rhino Linings Corporation (U.S.), Kukdo Chemical Co., Ltd. (South Korea), Nukote Coating Systems (U.S.), VIP GmbH (Germany), and Specialty Products, Inc. (U.S.), among other players.

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