Global Polyurea Coatings Market Size was US$1.2 billion in 2021 and is projected to grow at a CAGR of 10.3% during the forecast period to reach US$2.0 billion by 2027 – Yahoo Finance | Region & Cash

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Polyurea coatings have no VOC content, longer pot life and faster curing ability. They can be used under extreme conditions (high humidity and/or low temperatures). The pure type segment is expected to register the highest CAGR of the overall polyurea coatings market during the forecast period in terms of volume.

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, “Polyurea Coatings Market by Raw Material Type, Polyurea Type, Technology and End-Use – Global Forecast to 2027” – https://www .reportlinker.com/p05040085/?utm_source=GNW

Pure polyurea coatings are used in the mining industry, pipelines, vehicles, roofs, steel structures, concrete structures, floors and swimming pools. China has been the leading fossil fuel, gemstone and metals mining industry for many years.

The country’s leadership in the mining industry has helped the Asia-Pacific region gain a significant share of the global mining industry as well as the pure polyurea coatings market. Mineral rich economies such as India, China, Vietnam, Malaysia, Indonesia, Australia and New Zealand and Sri Lanka also actively engage in mining activities which have helped boost demand for polyurea coatings.

This scenario is expected to continue during the forecast period.

The spray segment of the technology is expected to register the highest CAGR during the forecast period.
Market drivers in this segment are the growth in infrastructure in various countries and the growth in applications including floor coatings, roof coatings, bed linings, secondary containment and wastewater treatment. There is strong demand for these applications from the Asia Pacific region, particularly from developing countries such as China, India, Thailand, Indonesia and Malaysia.

Global manufacturers of polyurea coatings are setting up their production facilities or sales offices in these emerging regions to meet the increasing demand.

Asia-Pacific Polyurea Coatings Market is expected to register the largest market share during the forecast period.
The Asia-Pacific region is an emerging market with many rapidly developing countries. Various industry players are ready to invest in this region.

Most of the leading players in North America and Europe are planning to shift their manufacturing base to the Asia-Pacific region as it offers cheap raw materials, low production costs and the ability to better serve the local emerging market. The Asia-Pacific region is experiencing increased demand for premium and quality products due to the increasing disposable income of the middle class.

This has led to increased demand for polyurea coatings in the Asia Pacific market.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors and executives of various key organizations operating in the waterborne coatings market and secondary research information has been gathered to determine the market size and to check from multiple segments and sub-segments.
• By company type: Tier 1 – 46%, Tier 2 – 34% and Tier 3 – 20%
• By designation: C-Level – 30%, D-Level – 60% and others – 10%
• By region: Europe – 20%, North America – 35%, APAC – 30%, South America – 5% and Middle East and Africa – 10%

The major companies featured in this report are PPG Industries Inc. (USA) and Sherwin-Williams Company (USA).

Research Coverage:
This report provides detailed segmentation of polyurea coatings market based on raw material type, polyurea type, technology, end-use industry, and region. Based on the raw material type, the polyurea coating industry has been divided into aliphatic and aromatic.

Based on polyurea type, the market has been segmented into pure and hybrid. Based on technology, the market has been segmented into spraying, pouring and hand-mixing.

Based on Consumer Industry market, the market has been segmented into Construction, Transportation, Industrial and Landscape. Based on region, the market has been segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa.

Key benefits of purchasing the report
From the insights point of view, this research report focuses on different levels of analysis – industry analysis (industry trends), market share analysis of top players and company profiles, which together encompass and discuss the fundamental views about the competitive landscape; emerging and high-growth market segments; high-growth regions; and market drivers, restraints, opportunities, and challenges.
Read the full report: https://www.reportlinker.com/p05040085/?utm_source=GNW

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