Market Overview:
The global polyurea elastomeric coating market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyurea elastomeric coatings from various end-use industries, such as automotive, electronics, and others. Polyurea elastomeric coatings are used as a protective and decorative coating on various substrates owing to their properties such as high adhesion strength, chemical resistance, abrasion resistance, and others. These coatings are also used in applications where corrosion protection is required.
Product Definition:
A Polyurea elastomeric coating is a type of coating that is made from a combination of polyurethane and elastomers. This type of coating can be used for both industrial and residential applications, and it can provide protection against corrosion, abrasion, chemicals, and other environmental factors.
Solvent Based Elastic Coating:
Elastomeric coatings are widely used in various end-use industries such as automotive, construction and general industry. The growth of these industries globally has led to a surge in demand for elastomers which is expected to drive the market over the forecast period. Solvent based elastic coating is one of the emerging technologies that are gaining momentum owing to its ability to provide high quality finish with reduced drying time & cost coupled with improved flexibility at elevated temperatures.
Emulsion Type Elastic Coating:
Emulsion type elastic coating is a two-component system consisting of an oil phase and a water-based latex or acrylic polymer emulsion. The water based liquid coatings are used in the production of elastomeric coatings through either of the following methods: by solvent borne process or by powder metering out process.
The major application areas for emulsion type elastic coating include automotive, construction, furniture & interiors, general industrial and protective clothing among others.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The rising need for lightweight vehicles to improve fuel efficiency and reduce emissions has led to an increased demand for PU elastomeric coatings. These coatings are also used in aerospace components, such as landing gear doors, air ducts and engine nacelles on account of their superior properties including high corrosion resistance, flexibility & durability along with low maintenance cost.
The electronics segment is expected register a CAGR of XX% from 2018 to 2030 owing to its use in electronic devices such as mobile phones (smartphones), laptops, tablets etc. Polyurea elastomeric coatings are used for manufacturing electrical equipment that does not get affected by humidity or temperature changes since it is a polyester based coating; these factors are anticipated to drive product demand over the forecast period.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing consumer electronics demand. The region is expected to maintain its dominance over the forecast period due to increasing use of polyurea elastomeric coatings in automotive and industrial machinery applications. Increasing number of manufacturing facilities for electronic products such as laptops, cellular phones, personal computers and home entertainment systems is also projected to propel product demand over the forecast period.
Asia Pacific is estimated to be fastest-growing regional market from 2018 to 2030 on account of rapid industrialization along with rising infrastructure activities in emerging economies including China and India.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Growing awareness about the benefits of polyurea elastomeric coatings among consumers
- Rising R&D investments by leading players to develop new and innovative products
- Proliferation of online marketing channels that provide detailed information about polyurea elastomeric coatings
- Growing number of applicators who are skilled in using polyurea elastomeric coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurea Elastomeric Coating Market Research Report
By Type
Solvent Based Elastic Coating, Emulsion Type Elastic Coating, Others
By Application
Automobile, Electronics, Others
By Companies
SPI, Versaflex, PPG Industries, Polycoat Products, Krypton Chemical, Supe, Sherwin-Williams, Kukdo Chemicals, Wasser Corporation, Armorthane, Tecnopol, Nukote Coating Systems, Rhino Linings, SWD, Huate, Qingdao Air++ New Materials, Feiyang, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Polyurea Elastomeric Coating Market Report Segments:
The global Polyurea Elastomeric Coating market is segmented on the basis of:
Types
Solvent Based Elastic Coating, Emulsion Type Elastic Coating, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SPI
- Versaflex
- PPG Industries
- Polycoat Products
- Krypton Chemical
- Supe
- Sherwin-Williams
- Kukdo Chemicals
- Wasser Corporation
- Armorthane
- Tecnopol
- Nukote Coating Systems
- Rhino Linings
- SWD
- Huate
- Qingdao Air++ New Materials
- Feiyang
- BASF
Highlights of The Polyurea Elastomeric Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent Based Elastic Coating
- Emulsion Type Elastic Coating
- Others
- By Application:
- Automobile
- Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyurea Elastomeric Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyurea elastomeric coating is a type of coatings that are made from polyurethane. It is a very durable and weatherproofing material that can be applied to many different surfaces. Polyurea elastomeric coating can be used on metal, plastic, and other materials to protect them from the elements and make them more resistant to wear.
Some of the major companies in the polyurea elastomeric coating market are SPI, Versaflex, PPG Industries, Polycoat Products, Krypton Chemical, Supe, Sherwin-Williams, Kukdo Chemicals, Wasser Corporation, Armorthane, Tecnopol, Nukote Coating Systems, Rhino Linings, SWD, Huate, Qingdao Air++ New Materials, Feiyang, BASF.
The polyurea elastomeric coating market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyurea Elastomeric Coating Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Polyurea Elastomeric Coating Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Polyurea Elastomeric Coating Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Polyurea Elastomeric Coating Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Polyurea Elastomeric Coating Market Size & Forecast, 2018-2028 4.5.1 Polyurea Elastomeric Coating Market Size and Y-o-Y Growth 4.5.2 Polyurea Elastomeric Coating Market Absolute $ Opportunity
Chapter 5 Global Polyurea Elastomeric Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Polyurea Elastomeric Coating Market Size Forecast by Type
5.2.1 Solvent Based Elastic Coating
5.2.2 Emulsion Type Elastic Coating
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyurea Elastomeric Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Polyurea Elastomeric Coating Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Electronics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurea Elastomeric Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polyurea Elastomeric Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Polyurea Elastomeric Coating Analysis and Forecast
9.1 Introduction
9.2 North America Polyurea Elastomeric Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Polyurea Elastomeric Coating Market Size Forecast by Type
9.6.1 Solvent Based Elastic Coating
9.6.2 Emulsion Type Elastic Coating
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Polyurea Elastomeric Coating Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Electronics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Polyurea Elastomeric Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Polyurea Elastomeric Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Polyurea Elastomeric Coating Market Size Forecast by Type
10.6.1 Solvent Based Elastic Coating
10.6.2 Emulsion Type Elastic Coating
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Polyurea Elastomeric Coating Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Electronics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Polyurea Elastomeric Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyurea Elastomeric Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Polyurea Elastomeric Coating Market Size Forecast by Type
11.6.1 Solvent Based Elastic Coating
11.6.2 Emulsion Type Elastic Coating
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Polyurea Elastomeric Coating Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Electronics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Polyurea Elastomeric Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyurea Elastomeric Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Polyurea Elastomeric Coating Market Size Forecast by Type
12.6.1 Solvent Based Elastic Coating
12.6.2 Emulsion Type Elastic Coating
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Polyurea Elastomeric Coating Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Electronics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Polyurea Elastomeric Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyurea Elastomeric Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Polyurea Elastomeric Coating Market Size Forecast by Type
13.6.1 Solvent Based Elastic Coating
13.6.2 Emulsion Type Elastic Coating
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Polyurea Elastomeric Coating Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Electronics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polyurea Elastomeric Coating Market: Competitive Dashboard
14.2 Global Polyurea Elastomeric Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SPI
14.3.2 Versaflex
14.3.3 PPG Industries
14.3.4 Polycoat Products
14.3.5 Krypton Chemical
14.3.6 Supe
14.3.7 Sherwin-Williams
14.3.8 Kukdo Chemicals
14.3.9 Wasser Corporation
14.3.10 Armorthane
14.3.11 Tecnopol
14.3.12 Nukote Coating Systems
14.3.13 Rhino Linings
14.3.14 SWD
14.3.15 Huate
14.3.16 Qingdao Air++ New Materials
14.3.17 Feiyang
14.3.18 BASF