PPG Industries Inc., (US) and Sherwin-Williams Company (US) are Leading Players in the Polyurea Coatings Market
The polyurea coatings market is projected to reach USD 2.0 Billion by 2027, at a CAGR of 10.3% between 2021 and 2027. Asia Pacific accounts for a major share of the overall polyurea coatings market due to the increasing infrastructural development, technological advancement related to polyurea coatings, and rising consumer awareness regarding the benefits of using polyurea coatings.
Players including Sherwin-Williams (US) PPG Industries Inc., (US) have adopted several growth strategies between 2018 and 2022 (April) to expand their global presence and increase their market shares. New product launches/developments, mergers & acquisitions, investments & expansions, partnerships & agreements, and joint ventures & collaborations were the strategies adopted by these players to achieve growth in the polyurea coatings market.
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PPG Industries is a global manufacturer and supplier of paints, coatings, optical products, and specialty materials. It serves customers in the industrial, consumer products, transportation, and construction markets. PPG provides industrial and automotive coatings to manufacturing companies, adhesives & sealants to the automotive industry, metal pretreatments & related chemicals for industrial and automotive applications, and packaging coatings to aerosol, food & beverage container manufacturers. The company also delivers protective coating solutions for a wide range of industries. It. operates through two major segments: Performance Coatings and Industrial Coatings. The company offers corrosion protection coatings through the Performance Coatings segment. It has 156 manufacturing facilities worldwide.
Sherwin-Williams Company is one of the global leaders in the manufacture, development, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three main divisions: Consumer Brands Group, The Americas Group, and Performance Coatings Group. The company offers corrosion protection coatings through the Performance Coatings Group segment. Its broad portfolio of high-performance coatings and systems that excel at combating corrosion helps customers achieve smarter, time-tested asset protection. The company serves a wide range of markets including bridge & highway, fire protection, flooring, food & beverage, marine, oil & gas, power, rail, steel fabrication, and water & wastewater. It has a presence in more than 120 countries, primarily in Europe, Asia Pacific, and North America.
Related Reports:
Polyurea Coatings Market by Raw Material Type, Polyurea Type (Pure and Hybrid), Technology (Spraying, Pouring, Hand Mixing) and End-Use (Building & Construction, Transportation, Industrial, Landscape) - Global Forecast to 2027
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