Market Overview
Polyurea is an elastomer derived from combining artificial resin and isocyanate-reactive materials. Polyurea coatings have higher quality, elevated electricity, and remarkable durability, accordingly, affords full-size protection to various metal, timber, concrete, plastic, fiberglass, urethane foam and plenty of different substrates.
Emerging applications of polyurea coatings in numerous give up-use industries inclusive of building & construction, automobile, defence sectors, with the advancement of the coating technology, are expected to power the market over the forecast duration. Moreover, the unexpectedly increasing infrastructural spending and emphasis on enhancing public transport, production of subways, and urbanization facilitate favorable conditions for the polyurea marketplace increase.
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Market Dynamics
Concern toward environmental susceptibility is predicted to drive the polyurea market
Polyurea coatings are non-poisonous and do now not incorporate solvents in production and production. Polyurea coatings are one hundred% stable content material without a delivered thinner, heavy metals and volatile organic compounds (VOCs). Hence, they’re green and compliant with the norms stipulated by authorities monitoring Volatile Organic Compounds’ environmental effects (VOCs). For instance, the European Union Ecolabelling Board (EUEB) identifies and lists the risky classifications and characteristics of preparations, compounds and materials that cannot be used by automobile and production cease-customers as stipulated by the Ecolabel Regulation.
Henceforth, growing environmental issues concerning the dangers associated with unstable organic compound (VOC)-content coatings and transferring developments in the direction of the adoption of superior and green coatings are predicted to force the demand for polyurea coatings.
Poor adhesion because of the extraordinarily reactive nature of polyurea coatings is expected to restrict the marketplace boom
The polyurea coatings are surprisingly reactive and brief-curing, a placing of the layer without adequate wetting out time can motive bad adhesion to the substrate. Thus, formulators ought to make sure whole wetting out of the floor earlier than the coating sets.
Also, aromatic coatings, a form of polyurea coatings, may additionally react to UV radiation, ensuing in coloration adjustments and chalking. In that case, an aliphatic polyurea ought to be used for classy and visual appeal.
Market Segmentation
By Type
- Pure Polyurea
- Hybrid Polyurea
By Raw Material
- Aromatic Isocyanate
- Aliphatic Isocyanate
By Technology
- Spraying
- Pouring
- Hand-mixing
By End-User
- Building & Construction
- Automotive
- Industrial
- Defense & Security
- Healthcare
- Landscape
- Others
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Competitive Landscape
The polyurea coatings market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Specialty Products, Inc., Nukote Coating Systems, Huntsman Corporation, Rhino Linings Corporation, Marvel Coatings, Versaflex Inc., PPG Industries Inc, Wasser Corporation, Voelkel Industrial Products GmBH, Teknos among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the polyurea coatings market globally.
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