Market Overview:
The global polyurea spray coatings market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyurea coatings from various end-use industries, such as building and construction, transportation, industrial and others. Polyurea coatings are known for their high resistance to abrasion, corrosion and chemical attack. They also provide excellent insulation against heat and sound. These factors are driving the demand for polyurea spray coatings in various end-use industries across the globe.
Product Definition:
Polyurea spray coatings are a type of coating that is applied to a surface. These coatings are made up of polyurethane and polyurea, which are two different types of plastics. Polyurethane is a soft plastic that is used in many applications, while polyurea is a hard plastic that is used in high-performance applications. When these two plastics are combined, they create a very tough and durable coating that can be applied to many surfaces.
-They are extremely tough.
-They can be applied quickly.
-They provide excellent protection against corrosion.
Pure Polyurea Coating:
Pure polyurea coating is a water-based urethane elastomeric coating, which is produced by the polymerization of diisocyanate. It has high elasticity and low elongation in cold temperatures. Polyurea coatings are used for providing protection to structural steel from corrosion & weathering due to its excellent properties such as abrasion resistance, hardness, toughness and flexibility at low temperature.
Hybrid Polyurea Coating:
Hybrid polyurea coating is a combination of polyurea and another polymer. It can be applied to various substrates by using either spray or immersion techniques. Hybrid coatings are used in applications where high performance, durability, and low environmental impact are required such as protective coatings for outdoor recreational equipment, boats, aircraft components & furniture among others.
The growing demand for hybrid polyurea coating in the marine industry is expected to drive market growth over the forecast period.
Application Insights:
Building and construction was the largest application segment in 2016, accounting for over 55% of the market. The rising need to protect steel structures from corrosion and weather is expected to drive demand for PU spray coatings over the forecast period. Polyurea coatings are used in a variety of applications including bridges, buildings, railway coaches & cars, ships & boats and tunnels.
The industrial application segment accounted for around 30% of global polyurea spray coatings market revenue in 2016. Industrial applications include chemical storage tanks, petrochemical processing equipment (pumps), oil refineries (storage tanks), power plants (pressure vessels) among others.
Regional Analysis:
North America emerged as the largest regional market in 2017. The region is expected to dominate the industry over the forecast period owing to increasing demand for construction of new buildings and commercial infrastructure coupled with stringent regulatory scenario in North America. Asia Pacific is projected to be fastest-growing region during the forecast years on account of rapid industrialization, improving economic conditions, and rising urbanization across emerging economies such as India, China, Indonesia among others. In addition, growing infrastructure activities are also likely to drive product demand over the next eight years.
The industry in Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the construction and automotive industries for high-performance coatings that can withstand extreme weather conditions and provide protection against corrosion is expected to drive the growth of the polyurea spray coatings market.
- Rising awareness about the benefits of polyurea spray coatings over traditional coating methods is projected to boost market growth during the forecast period.
- The increasing use of polyurea spray coatings in applications such as roofing, flooring, pipelines, and tanks is anticipated to fuel market expansion in the near future.
- Growing investments by key players in research and development activities aimed at enhancing product performance is expected to propel demand for polyurea spray coatings in the coming years.
- Stringent environmental regulations pertaining to VOC emissions are likely to create opportunities for manufacturers of low-emitting polyurea spray coatings products over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurea Spray Coatings Market Research Report
By Type
Pure Polyurea Coating, Hybrid Polyurea Coating
By Application
Building and Construction, Transportation, Industrial, Others
By Companies
PPG Industries, Sherwin-Williams, Huntsman Corporation, VersaFlex, ISOMAT, BASF, Armorthane, SWD, Yantai Huate, Qingdao Air++ New Materials, SPI Performance Coatings, Marvel Coatings
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Polyurea Spray Coatings Market Report Segments:
The global Polyurea Spray Coatings market is segmented on the basis of:
Types
Pure Polyurea Coating, Hybrid Polyurea Coating
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
Building and Construction, Transportation, Industrial, 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:
- PPG Industries
- Sherwin-Williams
- Huntsman Corporation
- VersaFlex
- ISOMAT
- BASF
- Armorthane
- SWD
- Yantai Huate
- Qingdao Air++ New Materials
- SPI Performance Coatings
- Marvel Coatings
Highlights of The Polyurea Spray Coatings 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:
- Pure Polyurea Coating
- Hybrid Polyurea Coating
- By Application:
- Building and Construction
- Transportation
- Industrial
- 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 Spray Coatings 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 spray coatings are a type of coating that is made from polyurethane. They are used to protect surfaces from weathering and corrosion.
Some of the major companies in the polyurea spray coatings market are PPG Industries, Sherwin-Williams, Huntsman Corporation, VersaFlex, ISOMAT, BASF, Armorthane, SWD, Yantai Huate, Qingdao Air++ New Materials, SPI Performance Coatings, Marvel Coatings.
The polyurea spray coatings market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polyurea Spray Coatings 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 Spray Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyurea Spray Coatings 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 Spray Coatings 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 Spray Coatings Market Size & Forecast, 2018-2028
4.5.1 Polyurea Spray Coatings Market Size and Y-o-Y Growth
4.5.2 Polyurea Spray Coatings Market Absolute $ Opportunity
Chapter 5 Global Polyurea Spray Coatings 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 Spray Coatings Market Size Forecast by Type
5.2.1 Pure Polyurea Coating
5.2.2 Hybrid Polyurea Coating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Polyurea Spray Coatings 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 Spray Coatings Market Size Forecast by Applications
6.2.1 Building and Construction
6.2.2 Transportation
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurea Spray Coatings 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 Spray Coatings 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 Spray Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Polyurea Spray Coatings 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 Spray Coatings Market Size Forecast by Type
9.6.1 Pure Polyurea Coating
9.6.2 Hybrid Polyurea Coating
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 Spray Coatings Market Size Forecast by Applications
9.10.1 Building and Construction
9.10.2 Transportation
9.10.3 Industrial
9.10.4 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 Spray Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Polyurea Spray Coatings 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 Spray Coatings Market Size Forecast by Type
10.6.1 Pure Polyurea Coating
10.6.2 Hybrid Polyurea Coating
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 Spray Coatings Market Size Forecast by Applications
10.10.1 Building and Construction
10.10.2 Transportation
10.10.3 Industrial
10.10.4 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 Spray Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Polyurea Spray Coatings 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 Spray Coatings Market Size Forecast by Type
11.6.1 Pure Polyurea Coating
11.6.2 Hybrid Polyurea Coating
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 Spray Coatings Market Size Forecast by Applications
11.10.1 Building and Construction
11.10.2 Transportation
11.10.3 Industrial
11.10.4 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 Spray Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Polyurea Spray Coatings 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 Spray Coatings Market Size Forecast by Type
12.6.1 Pure Polyurea Coating
12.6.2 Hybrid Polyurea Coating
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 Spray Coatings Market Size Forecast by Applications
12.10.1 Building and Construction
12.10.2 Transportation
12.10.3 Industrial
12.10.4 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 Spray Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Polyurea Spray Coatings 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 Spray Coatings Market Size Forecast by Type
13.6.1 Pure Polyurea Coating
13.6.2 Hybrid Polyurea Coating
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 Spray Coatings Market Size Forecast by Applications
13.10.1 Building and Construction
13.10.2 Transportation
13.10.3 Industrial
13.10.4 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 Spray Coatings Market: Competitive Dashboard
14.2 Global Polyurea Spray Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 Sherwin-Williams
14.3.3 Huntsman Corporation
14.3.4 VersaFlex
14.3.5 ISOMAT
14.3.6 BASF
14.3.7 Armorthane
14.3.8 SWD
14.3.9 Yantai Huate
14.3.10 Qingdao Air++ New Materials
14.3.11 SPI Performance Coatings
14.3.12 Marvel Coatings
