Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Polyurea is produced through a process called step-growth polymerization. The reaction of amine resins with a pre-polymer forms polyurea coating. Polyurea coating is durable, exhibits high resistance from corrosion and is flexible in nature. With different methods of formation, the properties and applications of polyurea coatings vary. Polyurea coatings find wide application in construction, infrastructure, manufacturing, automobiles, and marine industries. Polyurea coatings experience significant demand from the oil & gas and chemical industries, owing to the high hydrocarbon and gas resistance properties. Moreover, due to the zero VOC content of polyurea coatings, demand for traditional coatings such as polychloroprene, epoxy, and polyurethane has decreased substantially.

The global polyurea coatings market is expected to witness rapid growth in the forecast period. Rapid urbanization and industrialization are some of the key factors driving the demand for polyurea coatings. Furthermore, significant growth in end-use industries and specific properties such as resistance to chemical, abrasion, weathering, and high durability are further expected to augment the growth of global polyurea coatings market. However, high cost of polyurea coatings and requirement of expensive equipment for its application are the major restraints of the global polyurea coatings market.

Polyurea Coatings Market Taxonomy

On the basis of raw material, the global polyurea coatings market is classified as:

  • Aliphatic Isocyanate-Based
  • Aromatic Isocyanate-Based

On the basis of product type, the global polyurea coatings market is classified as:

  • Hybrid polyurea coating
  • Pure polyurea coating

On the basis of application, the global polyurea coatings market is classified as:

  • Construction industry
  • Transportation industry
  • Oil & gas industry
  • Industrial

On the basis of technique, the global polyurea coatings market is classified as:

  • Spraying
  • Pouring
  • Hand-mixing

Building and construction is the largest application segment of the global polyurea coatings market. High resistivity of polyurea coatings increases its scope of application in bridges, roofing, decks, membranes, and car parking areas, thereby augmenting its demand in the construction industry. Aromatic isocyanate polyurea dominates the global polyurea coatings market, owing to its low price. Hybrid polyurea coatings segment has a major share in the global polyurea coatings market due to its wide application in flooring, marine applications, and bed liners in trucks.

Polyurea Coatings Market Outlook

  • North America dominates the global polyurea coatings market. Rising environmental concerns, especially around Canada and Mexico is expected to propel the demand of polyurea in the region. Moreover, presence of valuable minerals such as silver, gold in extraction sites near Mexico is expected to promote the need polyurea coating in the region. In addition, growth in the North America automobile industry is a major factor driving the global polyurea coatings market in the region. The New Building Canada Fund has committed US$10 billion over a 10 year period i.e. 2014-24, to build public infrastructure in Canada. Out of which US$ 9 billion is for National and regional projects and US$ 1 billion is small population fund.
  • Asia Pacific is expected to exhibit highest growth in the forecast period. Rise in construction activities in the emerging economies such as China, India, and Indonesia is a major driver for the polyurea coatings market. Moreover, availability of cheap raw materials and labor in the region is another factor contributing to polyurea coatings market growth. Furthermore, economic growth in these countries has fueled the demand in the automotive industry, thereby increasing the need for polyurea coatings.
  • The Europe market for polyurea coatings is expected to experience a moderate growth in the forecast period. This is as a result of the projected growth in automobile industry present in this region. The Middle East and Africa regions are expected to witness steady growth during the forecast years. The large construction projects, which are underway in Qatar, Saudi Arabia, Kuwait, and Oman are projected to propel the demand for polyurea coatings in the Middle East.

The major market players adopt both organic and inorganic growth strategies to gain a stronghold in the global market. For instance, RPM International Inc. acquired Arnette Polymers LLC,in January 2017. Some of the major players identified across the value chain of the global polyurea coatings market are Specialty Products Inc., VersaFlex, PPG Industries, Rhino Linings Corporation, VIP GmbH, Sherwin-Williams Company, PPG Industries, and Kukdo Chemicals.

Polyurea Coatings Market: Key Developments

  • In April 2019, Speciality Products Inc. took efforts for collaborating the VersaFlex family of companies along with Raven Lining Systems, Milamar Coatings, Bridge Preservation and Vanberg Specialized Coatings. This was being done by the company with the objective of expanding its portfolio of the specialty coating solutions across the markets and industries.
  • In Feb 2017, Versaflex expanded its footprint in South America through a co-marketing agreement with São Paulo-based Renner Coatings. This was done with the objective of introducing a new polyurea coating line brand, called RenFlex, which is now being prepared for distribution. In addition to this, VersaFlex Incorporated and Renner Coatings also announced partnership for Brazil and Chile.
  • In June 2011, Sherwin-Williams introduced EnviroLastic AL, which is an aliphatic polyurea coating system capable of offering excellent color and gloss retention as compared to traditional aromatic polyureas.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.