Polyurea Coatings Market to Cross $2000.50 million Revenue by 2030

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.

1. Executive Summary | Polyurea Coatings Market

 1.1. Global Market Outlook

 1.2. Demand Side Trends

 1.3. Supply Side Trends

 1.4. Analysis and Recommendations

2. Market Overview

 2.1. Market Taxonomy

 2.2. Market Definition

3. Key Market Trends
4. Key Success Factors
5. Parent Market Analysis - Global Elastomeric Coating Market

 5.1. Introduction

 5.2. Historical Market Size and Volume Analysis By Resin Type 2018 to 2022

 5.3. Market Size and Volume Forecast By Resin Type 2023 to 2030

 5.3.1. Acrylic

 5.3.2. Polyurethane

 5.3.3. Silicone

 5.3.4. Polyurea

 5.3.5. Other Resins

6. Global Polyurea Coating Market Consumption (Tons) Analysis

 6.1. Historical Market Volume Analysis

 6.2. Current and Future Market Volume Projections

 6.3. Y-o-Y Growth Trend Analysis

7. Pricing Analysis

 7.1. Global Average Pricing Analysis Benchmark

8. Global Polyurea Coating Market Consumption (Market Size US$ million) Analysis

 8.1. Historical Market Value (US$ million) Analysis

 8.2. Current and Future Market Value (US$ million) Projections

 8.2.1. Y-o-Y Growth Trend Analysis

 8.2.2. Absolute $ Opportunity Analysis

9. Market Context

 9.1. Key Regulations

 9.2. Manufacturing Process Overview

 9.3. Raw Materials

 9.4. End User Preference for Value Added Functionalities

 9.5. Macro-Economic Factors

 9.5.1. Global GDP Outlook

 9.5.2. Growth Industry Value Added

 9.5.3. Global Automotive industry Outlook

 9.5.4. Global Building & Construction Outlook

 9.6. Forecast Factors – Relevance & Impact

 9.7. Value Chain

 9.8. Market Dynamics

 9.8.1. Drivers

 9.8.2. Restraints

 9.8.3. Opportunity Analysis

10. Global Polyurea Coating Market Analysis By Type

 10.1. Introduction

 10.1.1. Market Value Share Analysis By Type

 10.1.2. Y-o-Y Growth Analysis By Type

 10.2. Historical Market Size and Volume Analysis By Type 2018 to 2022

 10.3. Market Size and Volume Forecast By Type 2023 to 2030

 10.3.1. Pure Polyurea

 10.3.2. Hybrid Polyurea

 10.4. Market Attractiveness Analysis By Type

11. Global Polyurea Coating Market Analysis By Isocyanate Type

 11.1. Introduction

 11.1.1. Market Value Share Analysis By Isocyanate Type

 11.1.2. Y-o-Y Growth Analysis By Isocyanate Type

 11.2. Historical Market Size and Volume Analysis By Isocyanate Type 2018 to 2022

 11.3. Market Size and Volume Forecast By Isocyanate Type 2023 to 2030

 11.3.1. Aromatic

 11.3.2. Aliphatic

 11.4. Market Attractiveness Analysis By Isocyanate Type

12. Global Polyurea Coating Market Analysis By Application

 12.1. Introduction

 12.1.1. Market Value Share Analysis By Application

 12.1.2. Y-o-Y Growth Analysis By Application

 12.2. Historical Market Size and Volume Analysis By Application 2018 to 2022

 12.3. Market Size and Volume Forecast By Application 2023 to 2030

 12.3.1. Building & Construction

 12.3.1.1. Roof

 12.3.1.2. Wall

 12.3.1.3. Floor

 12.3.1.4. Bridges

 12.3.1.5. Others

 12.3.2. Industrial

 12.3.2.1. Pipes

 12.3.2.2. Containment Tanks

 12.3.2.3. Equipment & Machinery

 12.3.3. Automotive & Transportation

 12.3.4. Others

 12.4. Market Attractiveness Analysis By Application

13. Global Polyurea Coating Market Analysis By Region

 13.1. Introduction

 13.1.1. Market Value Share Analysis By Region

 13.1.2. Y-o-Y Growth Analysis By Region

 13.2. Historical Market Size and Volume Analysis By Region 2018 to 2022

 13.3. Market Size and Volume Forecast By Region 2023 to 2030

 13.3.1. North America

 13.3.2. Europe

 13.3.3. Middle East and Africa

 13.3.4. East Asia

 13.3.5. South Asia

 13.3.6. Oceania

 13.3.7. Latin America

 13.4. Market Attractiveness Analysis By Region

14. North America Polyurea Coating Market Analysis

 14.1. Introduction

 14.2. Pricing Analysis

 14.3. Historical Market Size and Volume Analysis By Market Segments, 2018 to 2022

 14.4. Market Size and Volume Forecast By Market Segments, 2023 to 2030

 14.4.1. By Country

 14.4.1.1. The United States

 14.4.1.2. Canada

 14.4.2. By Type

 14.4.3. By Isocyanate Type

 14.4.4. By Application

 14.5. Market Attractiveness Analysis

 14.5.1. By Country

 14.5.2. By Type

 14.5.3. By Isocyanate Type

 14.5.4. By Application

15. Latin America Polyurea Coating Market Analysis

 15.1. Introduction

 15.2. Pricing Analysis

 15.3. Historical Market Size and Volume Analysis By Market Segments, 2018 to 2022

 15.4. Market Size and Volume Forecast By Market Segments, 2023 to 2030

 15.4.1. By Country

 15.4.1.1. Brazil

 15.4.1.2. Mexico

 15.4.1.3. Rest of Latin America

 15.4.2. By Type

 15.4.3. By Isocyanate Type

 15.4.4. By Application

 15.5. Market Attractiveness Analysis

 15.5.1. By Country

 15.5.2. By Type

 15.5.3. By Isocyanate Type

 15.5.4. By Application

16. Europe Polyurea Coating Market Analysis

 16.1. Introduction

 16.2. Pricing Analysis

 16.3. Historical Market Size and Volume Analysis By Market Segments, 2018 to 2022

 16.4. Market Size and Volume Forecast By Market Segments, 2023 to 2030

 16.4.1. By Country

 16.4.1.1. Germany

 16.4.1.2. Italy

 16.4.1.3. France

 16.4.1.4. The United Kingdom

 16.4.1.5. Spain

 16.4.1.6. BENELUX

 16.4.1.7. Russia

 16.4.1.8. Rest of Europe

 16.4.2. By Type

 16.4.3. By Isocyanate Type

 16.4.4. By Application

 16.5. Market Attractiveness Analysis

 16.5.1. By Country

 16.5.2. By Type

 16.5.3. By Isocyanate Type

 16.5.4. By Application

17. South Asia Polyurea Coating Market Analysis

 17.1. Introduction

 17.2. Pricing Analysis

 17.3. Historical Market Size and Volume Analysis By Market Segments, 2018 to 2022

 17.4. Market Size and Volume Forecast By Market Segments, 2023 to 2030

 17.4.1. By Country

 17.4.1.1. India

 17.4.1.2. Thailand

 17.4.1.3. Malaysia

 17.4.1.4. Philippines

 17.4.1.5. Rest of South Asia

 17.4.2. By Type

 17.4.3. By Isocyanate Type

 17.4.4. By Application

 17.5. Market Attractiveness Analysis

 17.5.1. By Country

 17.5.2. By Type

 17.5.3. By Isocyanate Type

 17.5.4. By Application

18. East Asia Polyurea Coating Market Analysis

 18.1. Introduction

 18.2. Pricing Analysis

 18.3. Historical Market Size and Volume Analysis By Market Segments, 2018 to 2022

 18.4. Market Size and Volume Forecast By Market Segments, 2023 to 2030

 18.4.1. By Country

 18.4.1.1. China

 18.4.1.2. Japan

 18.4.1.3. South Korea

 18.4.2. By Type

 18.4.3. By Isocyanate Type

 18.5. Market Attractiveness Analysis

 18.5.1. By Country

 18.5.2. By Type

 18.5.3. By Isocyanate Type

19. Oceania Polyurea Coating Market Analysis

 19.1. Introduction

 19.2. Pricing Analysis

 19.3. Historical Market Size and Volume Analysis By Market Segments, 2018 to 2022

 19.4. Market Size and Volume Forecast By Market Segments, 2023 to 2030

 19.4.1. By Country

 19.4.1.1. Australia

 19.4.1.2. New Zealand

 19.4.2. By Type

 19.4.3. By Isocyanate Type

 19.4.4. By Application

 19.5. Market Attractiveness Analysis

 19.5.1. By Country

 19.5.2. By Type

 19.5.3. By Isocyanate Type

 19.5.4. By Application

20. Middle East and Africa (Middle East and Africa) Polyurea Coating Market Analysis

 20.1. Introduction

 20.2. Pricing Analysis

 20.3. Historical Market Size and Volume Analysis By Market Segments, 2018 to 2022

 20.4. Market Size and Volume Forecast By Market Segments, 2023 to 2030

 20.4.1. By Country

 20.4.1.1. GCC Countries

 20.4.1.2. Turkey

 20.4.1.3. South Africa

 20.4.1.4. Rest of Middle East and Africa

 20.4.2. By Type

 20.4.3. By Isocyanate Type

 20.4.4. By Application

 20.5. Market Attractiveness Analysis

 20.5.1. By Country

 20.5.2. By Type

 20.5.3. By Isocyanate Type

 20.5.4. By Application

21. Emerging Countries Analysis

 21.1. Introduction

 21.1.1. Market Proportion Analysis

 21.1.2. Global Vs. Country Growth Comparison

 21.2. China Market Analysis

 21.2.1. PEST Analysis

 21.2.2. Market Proportion Analysis By Market Taxonomy

 21.2.3. China Market Volume Analysis By Market Taxonomy

 21.2.3.1. By Type

 21.2.3.2. By Isocyanate Type

 21.2.3.3. By Application

 21.2.4. China Market Value (US$ million) Analysis By Market Taxonomy

 21.2.4.1. By Type

 21.2.4.2. By Isocyanate Type

 21.2.4.3. By Application

 21.3. India Market Analysis

 21.3.1. PEST Analysis

 21.3.2. Market Proportion Analysis By Market Taxonomy

 21.3.3. India Market Volume Analysis By Market Taxonomy

 21.3.3.1. By Type

 21.3.3.2. By Isocyanate Type

 21.3.3.3. By Application

 21.3.4. India Market Value (US$ million) Analysis By Market Taxonomy

 21.3.4.1. By Type

 21.3.4.2. By Isocyanate Type

 21.3.4.3. By Application

 21.4. Brazil Market Analysis

 21.4.1. PEST Analysis

 21.4.2. Market Proportion Analysis By Market Taxonomy

 21.4.3. Brazil Market Volume Analysis By Market Taxonomy

 21.4.3.1. By Type

 21.4.3.2. By Isocyanate Type

 21.4.3.3. By Application

 21.4.4. Brazil Market Value (US$ million) Analysis By Market Taxonomy

 21.4.4.1. By Type

 21.4.4.2. By Isocyanate Type

 21.4.4.3. By Application

22. Competition Analysis

 22.1. Market Structure Analysis

 22.2. Competition Dashboard

 22.3. List of Manufacturers

 22.4. Global Intensity Mapping

 22.5. Company Profile

 22.5.1. BASF SE

 22.5.2. Sherwin-Williams Company

 22.5.3. PPG Industries Inc.

 22.5.4. Teknos Group

 22.5.5. Huntsman Corporation

 22.5.6. Covestro AG

 22.5.7. DowDuPont Inc.

 22.5.8. Pidilite Industries Ltd.

 22.5.9. Versaflex Inc.

 22.5.10. Rhino Linings Corporation

 22.5.11. Nukote Coating Systems

 22.5.12. Marvel Industrial Coatings LLC

23. Assumption & Acronyms
24. Research Methodology

Research Methodology