Polyurea Coatings Market Report

Polyurea Coatings Market Report, By Raw Material (Aliphatic and Aromatic Isocyanate-Based), Product Type (Hybrid and Pure Polyurea Coating), Technique, Application and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm2067 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global

Polyurea materials have two components, the isocyanates quasi-prepolymer and a resin blend. The resin blend is a combination of amine-terminated chain extenders. Unlike polyurethanes, no polyols are used in the manufacture of polyurea resins. When the materials are mixed together in the application equipment, the isocyanates and the amine resins react to form a urea linkage. Furthermore, polyurea spray coatings technology is one of the new developments of the last 20 years. This technology combines fast curing, even at very low temperatures, and water insensitivity with exceptional mechanical properties, chemical resistance and durability. The development of new raw materials and improved spray equipment has made it possible to overcome the initial problems of this technology such as substrate wetting, intercoat adhesion and surface finish quality. Moreover, polyurea coatings combine high flexibility with hardness. They are the most suitable coatings when the following is required:

  • High curing speed
  • Application under high humidity and/or at low temperatures
  • Extreme abrasion resistance
  • Impermeable membranes
  • High thickness build up
  • Chemical resistance

Owing to the wide range of properties and growing demand from downstream industries, the coil coating market is expected to propel in near future. 

Polyurea Coatings Market Outlook

Polyurea coatings replacing other competitive coating systems, advancement in technology and high development in the end user industry are some of the factors driving the polyurea coatings market. However, factor such as toxic raw materials with their regulations is hampering the polyurea coatings market globally.

Polyurea Coatings Market Segmental Overview

The polyurea coatings is segmented by raw material, product type, technique, application and geography 

Polyurea Coatings Market by Raw Material 

Polyurea coatings are manufactured by using various raw materials such as, aliphatic isocyanate-based and aromatic isocyanate-based. The development of aliphatic isocyanate-based coatings has changed the polyurea coatings industry with its performance characteristics such as gloss retention and color stability, owing to this properties aromatic isocyanate-based segment is on high demand. 

Polyurea Coatings Market by Product Type 

The product types used in polyuera coatings are hybrid polyurea coating and pure polyurea coating. Hybrid polyurea coatings are moisture and temperature sensitive due to the amount of catalysts used in their formation and owing to the low cost of hybrid polyurea coating is expected to propel the hybrid polyurea coating segment in near future. 

Polyurea Coatings Market by Technique 

Polyurea coatings are applied by various techniques such as, spraying, pouring and hand-mixing. The sparying technique accounted for the largest market share. The method is extensively popular due to machine-based spraying which is more effective and perfect for large scale infrastructure projects. 

Polyurea Coatings Market by Application 

Most common applications of polyurea coatings are building & construction, transportation, industrial application and landscape. The polyurea coatings assist to improve the performance requirement of specific construction applications. These coatings are used for crack-bridging, improving tensile & compressive strength, waterproofing, providing corrosion and chemical & water resistance. 

Polyurea Coatings Market by Geography 

Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. North America emerged as the largest consumer and dominated the polyurea coatings market in 2018, owing to rising population and growing demand for polyurea coatings from applications, such as building & construction and transportation.

Polyurea Coatings Market Key Players

The global polyurea coatings market is led by key companies such as PPG Industries, Inc., the Sherwin-Williams Company, Versaflex Inc., Nukote Coating Systems, Specialty Products Inc. (SPI), Rhino Linings Corporation, Voelkel Industrial Products GmbH (VIP), Futura Coatings Itw Engineered Polymers, Armorthane Inc., Polycoat Products, Teknos, Kukdo Chemical Co., Ltd., Technopol, Wasser Corporation, Universal Coatings, Satyen Polymers Pvt. Ltd, Prokol International, Guangzhou Supe Chemical Co., Ltd., Cipy Polyurethanes Pvt. Ltd., Ultimate Linings, Zhuhai Feiyang Materials Co. Ltd., Chemline, Inc., Duraamen Engineered Products Inc., Henry Company and Krypton Chemical. Foremost companies have invested huge capital in mergers & acquisitions and research & development activities to develop advanced products in the market. 

Polyurea Coatings Market Developments

  • November 2017: Axalta Coating Systems, a leading global supplier of liquid and powder coatings, completed its previously announced acquisition of the Valspar Corporation’s North American Industrial Wood Coatings business. Valspar divested the business in connection with the antitrust approval of its acquisition by The Sherwin-Williams Company.
  • June 2017: The Sherwin-Williams Company announced acquisition of The Valspar Corporation. Under the terms of the merger agreement, Valspar shareholders will receive USD 113 per share in cash. In connection with completion of the transaction, Valspar common stock ceased trading prior to market opening today and will be delisted from the New York Stock Exchange.
  • February 2017: Versaflex expanded its footprint in South America through a co-marketing agreement with Sao Paulo-based Renner Coatings that will result in a new polyurea coating line brand, RenFlex. Renner’s existing manufacturing capacity in Chile will add value to the global presence of Versaflex Inc.

Why to buy this report:

  • The report offers changing market dynamics in the Polyurea Coatings, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Polyurea Coatings market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Polyurea Coatings market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Polyurea Coatings market