Global polyurea coating market is expected to reach USD 1.48 billion by 2024, according to a new report by Grand View Research, Inc. Polyurea coating have numerous advantages over conventional coating products, namely, epoxy, fiberglass, and paints. Its properties such as faster setting time, resistance to atmospheric conditions, and high mechanical strength are expected to drive the demand over the next eight years. Polyurea coating offer high standards of corrosion protection, waterproofing, and chemical & structural enhancement. Moreover, these exhibit superior characteristics in spray applications such as improved mechanical, thermal, and chemical resistance, short curing and setting time and high durability as compared to its substitutes.
Increased resistance to crack allows it to be utilized in a host of applications. Rising demand for coating in automotive, buildings & construction, marine, oil & gas, metallurgy & metal forming, aerospace, and mining is expected to propel growth over the forecast period. Extensive R&D is being undertaken by manufacturers to develop innovative technologies for coating manufacturing and development of superior quality products.
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Further key findings from the study suggest:
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Grand View Research has segmented the global polyurea market on the basis of raw material, product, technology, application and region:
Global Polyurea coating Raw Material Outlook (Volume, Thousand Liters; Revenue, USD Million, 2013 - 2024)
Global Polyurea coating Product Outlook (Volume, Thousand Liters; Revenue, USD Million, 2013 - 2024)
Global Polyurea coating Technology Outlook (Volume, Thousand Liters; Revenue, USD Million, 2013 - 2024)
Global Polyurea coating Application Outlook (Volume, Thousand Liters; Revenue, USD Million, 2013 - 2024)
Global Polyurea coating Regional Outlook (Volume, Thousand Liters; Revenue, USD Million, 2013 - 2024)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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