According to the report, the global polyurea coatings market was valued at $744 million in 2022, and is projected to reach $1.2 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.   

Allied Market Research published a report, titled, “Polyurea Coating Market by Raw Material Type (Aliphatic Isocyanate and Aromatic Isocyanate), Polyurea Type (Pure Polyurea Coatings and Hybrid Polyurea Coatings), Technology (Spraying, Pouring, and Hand Mixing), End-use Industry (Construction, Transportation, Industrial, Landscape, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032.”   

Access Full Summary Report: https://www.alliedmarketresearch.com/polyurea-coatings-market-A62425 

Prime determinants of growth      

The global polyurea coating market is expected to possess high growth potential in the coming years, due to increase in construction activities and surge in demand for polyurea coatings in various end-use sectors including transportation, automotive, aerospace, and marine. Moreover, increase in use of these coatings in medical facilities drives the market growth. However, the fluctuating price of raw materials and health hazards released from toxic fumes hamper the market growth. On the contrary, technological advancements in the manufacturing of polyurea coatings are expected to provide lucrative opportunities for the expansion of the global polyurea coatings in the coming future.      

Players: -    

BASF SE     

Huntsman International LLC     

Pearl Polyurethane     

Polycoat Products      

PPG Industries, Inc.     

Sika AG     

SPI Performance Coatings     

SWD urethane Co., Ltd.     

Teknos Group     

The Sherwin-Williams Company   

The report provides a detailed analysis of these key players in the global polyurea coating market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, and agreements to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

The polyurea coating market is segmented on the basis of raw material type, polyurea type, technology, end-use industry, and region. By raw material type, the market is bifurcated into aliphatic isocyanate and aromatic isocyanate. On the basis of polyurea type, it is categorized into pure polyurea coatings and hybrid polyurea coatings. Depending on technology, the market is divided into spraying, pouring, and hand mixing. On the basis of end-use industry, it is categorized into building and construction, transportation, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.