Polyurea Coatings Market to Cross $2000.50 million Revenue by 2030
Polyurea Coatings Market Research Analysis Report (By Type:, Pure Polyurea, Hybrid Polyurea, By Isocynate Type: Aromatic, Aliphatic, By Application: Building & Construction, Roofs, Walls, Floors, Bridges, Industrial, Pipes, Tanks & Containment, Equipment & Machinery, Automotive & Transportation By Region) Trends, Industry Analysis Forecast, 2023 – 2030
Categories: Chemical & Material
Format : 
Polyurea Coatings Market Overview
“The global Polyurea Coatings Market is expected to grow rapidly at a 9.1% CAGR consequently, it will grow from its existing size of from $900 million in 2023 to $2000.50 million by 2030.”
What exactly is Polyurea?
Polyurea is an elastomer produced through step-growth polymerization, which involves combining a synthetic resin with isocyanate reactive components. The reaction between an isocyanate component and a resin blend component during the step growth process results in polyurea.
Resin and isocyanate formulas provide specific attributes such as setting time, moisture resistance, coloring, flame retardancy, and more.
A hybrid coating, composed of predetermined amounts of polyurea and polyurethane, provides some of the physical properties of pure polyurea at a lower cost.
What are the Characteristics of Polyurea?
Polyurea's unique physical properties and longevity make it unavoidable for coating techniques, but its surface preparation requirements are severe.
Polyurea is a durable material that safeguards surfaces and buildings made of wood, concrete, and steel from wear and corrosion. It is particularly effective in repairing decaying concrete structures and maintaining canals, and is also suitable for commercial and industrial floor applications.
Polyurea coatings provide the following advantages:
- Very rapid setting (curing time varies depending on formulation) Excellent abrasion and scratch resistance
- Weather and environmental resistance is quite stable.
- Elongation properties that are extremely advantageous
- Can be used in a variety of temperature and humidity situations.
- Heat resistance up to 130°C (266°F) and a short-term temperature rating of 220°C (430°F)
- The thickness of the coating can be precisely regulated.
- Very effective bonding on properly prepared wood, cement, concrete, and metal surfaces.
- Outstanding chemical resistance
- Low viscosity is possible, allowing for mixing and spraying at suitable temperatures.
- It is possible to formulate it for a very high tensile strength of up to 4350 psi.
Significant Applications of Polyurea Coatings.
Polyurea coatings are versatile and can be used in various applications, such as:
Automotive industry and material handling
Polyurea coatings, known for their impact resistance and mechanical properties, have been widely used in the automotive industry for over three decades.
Polyurea is a protective material used in mining and construction industries to safeguard equipment from abrasion, including dumpers and conveyors used in transporting abrasive commodities like coal and metallic ores, and is also used in tank linings.
Pipelines, pumps and irrigation systems
This substance is utilized as a pump coating to prevent cavitation and erosion, enhance pump output, and line aquaculture tanks and ponds. It is also utilized for canal repairs and sealing leaks.
Defense and security sectors
Polyurea coatings and linings are extensively utilized in the defense and security sectors due to their proven impact resistance, explosive energy absorption, durability, and quick setting properties.
Polyurea is widely used in ballistic missile systems and military equipment coatings due to its ability to contract and expand with temperature variations, creating a moisture-tight seal. Its glossy appearance and resistance to scratches, dents, and abrasion damage make it a popular choice for truck bed liners and bomb blast damage reduction.
Healthcare
Hospital floor and wall coverings should be resistant to viruses and bacteria to prevent secondary infections, as cracks, gaps, and scrapes can allow moisture to seep in and transmit harmful infections.
Polyurea coatings help maintain sterility in surgical, intensive care, and neonatal care units by sealing cracks and minimizing scratches, reducing bacterial proliferation.
Demand Outlook:
The global economy's improvement is boosting industrial activity, potentially benefiting polyurea coatings manufacturers and providing future profitable opportunities.
Emerging economies like India and China are experiencing strong demand due to rapid industrial development and the financing of various building and construction projects by both government and private stakeholders.
MRS predicts that the market for polyurea coatings is expected to grow due to continuous industrial operations in developing nations.
|
Market Statistics |
Details |
|
January to June (H1), 2021 (A) |
9.10% |
|
July to December (H2), 2021 (A) |
9.40% |
|
January to June (H1),2022 Projected (P) |
9.20% |
|
January to June (H1),2022 Outlook (O) |
9.40% |
|
July to December (H2), 2022 Outlook (O) |
9.60% |
|
July to December (H2), 2022 Projected (P) |
9.80% |
|
January to June (H1), 2023 Projected (P) |
9.40% |
|
BPS Change : H1,2022 (O) - H1,2022 (P) |
(+) 20 ↑ |
|
BPS Change : H1,2022 (O) - H1,2021 (A) |
(+) 30 ↑ |
|
BPS Change: H2, 2022 (O) - H2, 2022 (P) |
(+) 20 ↑ |
|
BPS Change: H2, 2022 (O) - H2, 2021 (A) |
(+) 40 ↑ |
The graph shows market movements influenced by global economic challenges, including population growth, construction activity, and industrial expansion. Prominent developing economies show significant economic potential due to urbanization and high demand from automobile and food and beverage industries. Major end-use sectors are expected to account for over 70% of absolute growth in the next decade.
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Market Dynamics
Growth Drivers
The demand for polyurea coatings is expected to be influenced by rising environmental concerns and high application costs.
Environmental consciousness has led to a revolution in coating technology, with water-borne, high-solid, and powder coatings becoming popular in various industries. Advances in coating technology have also led to the development of spray, injection, and roto-cast application equipment.
Polyurea coatings are a cost-effective, environmentally friendly, and highly reactive option suitable for various end-use sectors, meeting environmental standards and requiring quick cure.
Polyurea coatings on moist surfaces may cause poor adhesion, so it's crucial to ensure the surface is dry before applying the coating.
The high cost of spraying equipment and the need for skilled labor and technicians may hinder the growth of the polyurea coatings industry due to its high application costs.
Polyurea Coatings Market Segment Analysis
The Benefits of Hybrid Polyurea Over Pure Variants to Fuel Sales in the Coming Years
From 2023 to 2030, the hybrid polyurea category is expected to lead in terms of sales. Because of the lack of volatile organic components (VOCs), hybrid polyurea coatings are known for being environmentally benign. They also have a waterproofing material as well as a two-component coating.
Here's a quick rundown of the numerous benefits of hybrid polyurea coatings.
- Ensure that the insulation is monolithic and without joints.
- Rapid implementation
- Simpleness of use
- Adhesion strength that is significant
- Resistance to aging and hydrolysis
- Cost-effective
- Curing in a hurry
The benefits of hybrid polyurea coatings are expected to boost sales, while pure polyurea dealers can expect their sales to remain steady due to certain applications requiring pure polyurea.
Competitive Landscape of the Polyurea Coatings Market
- BASF SE
- Huntsman Corporation
- Teknos Groups
- DuPont de Nemours, Inc.
- Versaflex Incorporated
- Sherwin Williams Company
- Pidilite Industries Ltd.
- Covestro AG
- PPG Industry Inc.
- Rhino Linings Corporation
Recent Developments in Polyurea Coatings Market
In April 2019, SPI, a manufacturer of polyurethane foams and polyurea estomers based in the United States’ Washington, announced that it had merged with VersaFlex.
In October 2020, PPG announced the launch of SANISHIELD 3000/5000, a two-part polyurea coating system. The system was specifically developed for ceilings and walls across industrial environments where easy maintenance and fast installation are essential.
In February 2022, PPG Industries announced a USD 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.
In July 2020, Nukote Coating Systems acquired Intuitive Coatings with full integration of the Ionyx product line into Nukote Premera product lines. The Ionyx product line will be manufactured along with other Nukote products and will continue as a premium Premera brand.
Regional Insights
|
Country |
United States |
|
Market Share (2023) |
28.7% |
|
Market Share (2030) |
28.15% |
|
BPS Analysis |
-55 |
|
Country |
China |
|
Market Share (2023) |
12.7% |
|
Market Share (2030) |
13.8% |
|
BPS Analysis |
+110 |
|
Country |
India |
|
Market Share (2023) |
4.2% |
|
Market Share (2030) |
5.0% |
|
BPS Analysis |
+80 |
The market for polyurea coatings is expected to experience acceleration in Europe, North America, East Asia, South Asia, and Latin America.
North America and Europe are expected to be key markets for polyurea coatings sales due to rising demand for eco-friendly and complex coatings due to stringent VOC emission regulations.
Governments in South Asia and East Asia are adopting complex coating technologies due to environmental consciousness, leading to a 10.8% annual growth in the South Asian market, and East Asia is predicted to surpass Europe in market valuation between 2023 and 2030.
South America is expected to experience significant development from 2023 to 2030 due to increased building and construction activity and vehicle production.
Segments Covered in the Polyurea Coatings Market
Polyurea Coatings Market By Type:
- Pure Polyurea
- Hybrid Polyurea
Polyurea Coatings Market By Isocynate Type:
- Aromatic
- Aliphatic
Polyurea Coatings Market By Application:
- Building & Construction
- Roofs
- Walls
- Floors
- Bridges
- Industrial
- Pipes
- Tanks & Containment
- Equipment & Machinery
- Automotive & Transportation
Polyurea Coatings Market By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Frequently Asked Questions:
What is the Polyurea Coatings market size in 2023?
The market is valued at US$ 900 million in 2023.
How was the market’s historical performance?
The market rose at a 7.3% CAGR from 2018 to 2022.
What will the market size be in 2030?
The market will reach US$ 2000.50 million by 2030.
Which application will generate substantial demand?
Building & construction applications will generate substantial demand.
Base Year:2022
Historical Data:2018-2022
No of Pages:121
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