Press release
Polyurea Coatings Market To Reach USD 2,553.5 Million by 2030
The automotive and transportation sector had the second-largest share, of about 26%. Polyurea coatings are used on the exteriors of vehicles, such as two-wheelers and trucks. They are usually seen on the chassis, driveshafts, gearboxes, and engines, as they provide good resistance to the exterior thermal and physical pressure.
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Most truck manufacturers now put to use spray-on protective coatings that are not just striking but also provide lasting protection. Polyurea coatings bid resistance to static and dynamic impact, UV rays, corrosion, and abrasion. These materials advance the appearance of substrates, while also keeping equipment safe for a longtime with few resources.
Polyurea coatings are usually used as a primer alternate on vehicle chassis and as topcoats on vehicle body. Hence, the growing construction of heavy-duty automobiles will significantly drive the growth of the industry.
In the polyurea coatings market, under the raw material segment, aromatic isocyanates had about 70% share in the recent past. They comprise chemicals reacting with amine hydroxyl groups for generating polyurea coatings.
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The requirement for polyurea coating will surge in the APAC with a rate of 11.9% in the years to come. The high-pace monetary growth and substantial investment by private and government companies in numerous sectors, such as maritime, manufacturing, automotive, and construction, are driving the regional demand for industrial coatings.
It is because of the increasing ecological concerns and requirement for sustainable expansion, polyurea coatings had a major place in the coatings sector, garnering high investment in R&D.
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