Polyurea Coatings Market: By Raw Material (Aliphatic, Aromatic), Polyurea Type (Pure and Hybrid), Technology (Spraying, Pouring, Hand Mixing), End-User Industry (Building & Construction, Transportation, Industrial, Landscape), and Geography

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Polyurea Coatings Market was valued at USD 1,283.7 million in 2022 and is poised to grow at a CAGR of 10.2% over 2023-2029. Polyurea is a synthetic polymer obtained from the reaction of a diamine with a diisocyanate that acts as a waterproofing material making it useful in a variety of industrial and commercial applications. The market for polyurea coatings is driven by the expansion of infrastructure, particularly in emerging economies. The exceptional durability, corrosion resistance, and waterproofing qualities of polyurea coatings make them suited for a variety of uses in infrastructure projects, including waterproofing for bridges, roads, buildings, and other structures. For instance, the U.S. suffers a loss of approximately 3.1% of the country's Gross National Product (GNP) which amounts to over $276 billion per year.  The development of low-VOC or zero-VOC polyurea coatings to meet the demands of environmentally conscious customers and industries has opened up opportunities for manufacturers in the market. Furthermore, certain types of polyurea have faster curing time making it beneficial in scenarios where minimal disruption to operations is crucial. But polyurea coatings are expensive compared to available alternatives that hinder the growth of the market. However, the advancement in technology, demand from the military and defense for robust coatings to protect equipment and infrastructure, increased infrastructure, urbanization, modernization, and increased disposable income are anticipated to burgeon the market during forecasted years.

Polyurea Coatings Market Key Developments:
  • In March 2022, Bertram Capital (“Bertram) invested in Lena, IL-based TSR Concrete Coatings (“TSR” or the “Company”), a provider of residential concrete coating solutions for garages, patios, pools, and basements.
  • In October 2020, Polytek® Development Corp., a manufacturer of specialty polymers for mold making, casting, and coating applications, acquired Incredible Solutions. Polytek is a portfolio company of Arsenal Capital Partners.

Polyurea Coatings Market Summary

Study Period

2023-29

Base Year

2022

CAGR

10.2%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Polyurea Coatings Market Dynamics

The market is expected to rise owing to increased application in the automotive industry. The automotive industry uses polyurea coatings for truck bed liners, underbody coatings, and other protective applications. The polyurea coatings protects the car from corrosion. According to a study conducted by the Federal Highway Administration (FHWA) in the United States, corrosion costs the U.S. economy billions of dollars annually. The study estimated that the direct cost of corrosion to the U.S. transportation sector, including cars, was around $23.4 billion per year. This cost includes expenses related to vehicle repair and maintenance, replacement of corroded parts, and decreased vehicle lifespan. As the automotive sector continues to expand, the demand for polyurea coatings as a protective solution is also likely to increase. For instance, in March 2023, Pearl Polyurethane Systems (Pearl) launched a polyurea-based spray coating system, DuraPearl Elastomer System which can be used on cars along with several other applications.

Key Features of the Reports

  • The polyurea coatings market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Polyurea Coatings Market Segmentation

By Raw Materials
  • Aliphatic
  • Aromatic
By Polyurea Type
  • Pure
  • Hybrid
By Technology
  • Spraying
  • Pouring
  • Hand Mixing
By End User
  • Building & Construction
  • Transportation
  • Industrial
  • Landscape

Frequently Asked Questions

The polyurea coatings market was valued at USD 1,283.7 million in 2022 and is expected to grow at 10.2% CAGR over the forecast period 2023 – 2029.

The market for polyurea coatings is driven by the expansion of infrastructure, particularly in emerging economies.

BASF SE, Huntsman Corporation, Bayer AG, PPG Industries, Dow Chemical, Specialty Products, Inc., Versa Flex, Inc., SWD Urethane, Alberts Spray Solutions, LLC, W.R. Grace & Co., LINE-X Protective, Coatings, and Nukote Coating Systems International are a few companies operating in Polyurea Coatings market.

  • BASF SE
  • Huntsman Corporation
  • Bayer AG
  • PPG Industries
  • Dow Chemical
  • Specialty Products, Inc.
  • Versa Flex, Inc.
  • SWD Urethane
  • Alberts Spray Solutions, LLC.
  • R. Grace & Co.
  • LINE-X Protective Coatings
  • Nukote Coating Systems International