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Polyurea Coatings Market 2023 - By Size, Competitive Landscape, Upcoming Trends And Outlook By 2032
Polyurea Coatings Market
The Business Research Company's Polyurea Coatings Global Market Report 2023 identifies growing construction industry as the major driver for the Polyurea Coatings market's growth in the forecast period. The construction industry deals with creating, restoring, and maintaining infrastructures. Polyurea coatings are used in construction to protect exterior surfaces and are also used to protect buildings from corrosion and the impacts of weathering, and it is ideal for use on bridges and other industrial machinery as it provides great resistance to chemical and abrasion attacks.
The global polyurea coatings market size is expected to grow from $1.13 billion in 2022 to $1.30 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polyurea coatings market is expected to grow to $2.00 billion in 2027 at a CAGR of 11.5%.
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Major competitors in the Polyurea Coatings market are PPG Industries Inc., Sherwin-Williams Company, Nukote Coating Systems International, Wasser Corporation, Rhino Linings Corporation.
A key trend in the Polyurea Coatings market includes advancements in technology. Major major players are concentrating on creating technologically improved products to strengthen their position in the polyurea coatings market. For instance, in November 2021, Fosroc, a UK-based construction chemicals manufacturing company launched Polyurea WH 100, a product that gives many benefits to a wide range of roof waterproofing applications using polyurea technology. This technology combines quick curing, even at very low temperatures, water resistance, and durability with remarkable mechanical qualities.
Read More On The Global Polyurea Coatings Market Report Here:
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The Polyurea Coatings market is segmented -
• By Raw Material Type: Aliphatic, Aromatic
• By Polyurea Type: Pure, Hybrid
• By Technology: Spraying, Pouring, Hand Mixing
• By End User: Building and Construction, Transportation, Industrial, Chemical, Other End User
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Polyurea Coatings market.
The Business Research Company's "Global Polyurea Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Polyurea Coatings Market Include:
1. Executive Summary
2. Polyurea Coatings Market Characteristics
3. Polyurea Coatings Market Trends And Strategies
4. Polyurea Coatings Market - Macro Economic Scenario
5. Polyurea Coatings Market Size And Growth
………………………………
26. Africa Polyurea Coatings Market
27. Polyurea Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyurea Coatings Market
29. Polyurea Coatings Market Future Outlook and Potential Analysis
30. Appendix
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