Polyurea Coatings Market | Key players operating in the market include PPG Industries Inc., Sherwin-Williams Company

The report "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", size is projected to reach USD 2.0 billion by 2027, at a CAGR of 10.3% between 2022 and 2027. Increasing building & construction activities and infrastructure projects, improving quality of industrial manufacturing in developing countries, and the need for protection of coated products are the major growth drivers of the global polyurea coatings market.

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Browse 318 market data Tables and 65 Figures spread through 274 Pages and in-depth TOC on "Polyurea Coatings Market"

The consumption trend of polyurea coatings depends on growth across various end-use industries, such as building & construction, transportation, industrial, and landscape. The demand for polyurea coatings is mainly increasing due to its rising applications in the building & construction (roof coatings, sealing facades or foundations, coating floor slabs & parking decks, and others), transportation (truck cargo beds, bed linings, and others), industrial (steel and concrete coatings in bridge, tank and pipeline engineering, and others), and landscape (waterproofing of pools and ponds, amusement park and zoo applications among others) industries.

Based on raw material type, The aromatic segment is projected to be the largest raw material type during the forecast period. Manufacturers are investing in R&D activities to broaden their product portfolio to cater to the consumer market. The growing demand for polyurea spray coatings is also encouraging global players to increase their business share and revenue.

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Based on end-use, building and construction segment is estimated to account for the largest share of the market during the forecast period. Polyurea coatings are majorly used in bridge construction, commercial architecture, floor & roof coating, caulks, joint fill, parking decks, concrete repair, and structural bonds. The coatings also help improve the performance requirements of specific construction applications such as cr.ack-bridging, improving tensile & compressive strength, waterproofing, providing resistance to corrosion, chemicals, and water, and enhancing other mechanical properties of a structure.

Various factors, including environmental regulations & policies against the use of VOCs, increasing public awareness regarding the harmful effects of other coatings, and rising demand for various end-use industries are factors offering growth opportunities for the market.

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Major players operating in the global polyurea coatings market include PPG Industries Inc. (US), Sherwin-Williams Company (US).

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