Press release
Polyurea Coatings Global Market 2023 - By Size, Growth, Key Drivers, Opportunities And Strategies, Overview By 2032
The Business Research Company's latest "Global Polyurea Coatings Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
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The global polyurea coatings market reached a value of nearly $1,134.25 million in 2022, having grown at a compound annual growth rate (CAGR) of 7.7% since 2017. The market is expected to grow from $1,134.25 million in 2022 to $2,003.88 million in 2027 at a rate of 12.1%. The market is then expected to grow at a CAGR of 12.4% from 2027 and reach $3,590.54 million in 2032.
Polyurea coatings refer to a coating made of polyurea, a type of elastomer material that is derived from the reaction product of an isocyanate component and an amine component. Polyurea coatings resist abrasion, chemicals, water and UV (ultra-violet) radiation, because polyurea creates a fast-curing, tough and flexible material that adheres well to various surfaces.
Companies in the polyurea coatings market are focusing on new facility expansions to increase their product portfolio and expand their geographic presence. For example, in July 2023, Delta Coatings International, a UAE-based manufacturer of high performance, high quality Polyurea, Polyurethane and Polyaspartic technology coatings, announced its three-year plan to expand into the Middle East. The company plans to establish a new facility in Saudi Arabia and expand its waterproofing project delivery services in Saudi Arabia, Oman, and Egypt. Further, in February 2022, PPG Industries, a US-based paint, and coatings manufacturing company which manufactures polyurea coating, announced a $10 million investment in a novel 82,000-square-foot manufacturing facility and class A paint line at its Greenville, South Carolina, coatings services facility.
Polyurea Coatings Market Segmentation:
• By Raw Material Type -
a) Aliphatic
b) Aromatic
• By polyurea Type -
a) Pure
b) Hybrid
• By Technology -
a) Spraying
b) Pouring
c) Hand Mixing
By End-User -
a) Building And Construction
b) Transportation
c) Industrial
d) Chemical
e) Other End-Users
• By Geography -
o Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• South Korea
o North America
• USA
o South America
• Brazil
o Western Europe
• France
• Germany
• UK
o Eastern Europe
• Russia
o Middle East
o Africa
Some of the key players involved in the Polyurea Coatings market are PPG Industries Inc., Sherwin-Williams Company, Huntsman Corporation, BASF SE, Covestro AG.
The regions covered in the global Polyurea Coatings market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
..........
19. Competitive Landscape And Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Polyurea Coatings Market, Conclusions And Recommendations
23. Appendix
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