Global Polyurea Coatings Market, Top Companies, Market Trends and Growth Factors and Forecast to 2024
The polyurea coatings market is expected to witness an exponential growth during the forecast period, due to its fast-curing ability and an ability to withstand extreme weather conditions including high humidity and low temperatures.
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On the basis of type, the polyurea coatings market is segmented into pure and hybrid. The pure polyurea coatings segment is anticipated to register the faster growth in the market in the coming years, owing to the increasing demand of these coatings in the various applications including floor coat, roof coat, bonded area, and various others.
Based on technology, the polyurea coatings market is classified into spraying, pouring, and hand mixing. The spraying technology segment is expected to lead the market during the forecast period, owing to its ease of use as compared to other technologies.
The major factors driving the polyurea coatings market growth are the increasing demand of these coatings by the end-user industries, wide range of application, and technological advancements. The demand of these coatings are increasing rapidly in end-user industries due to various advantages it offers in terms of properties such as high chemical resistance, high temperature resistance, high tensile strength, good adhesion to many substrates (metal, concrete, plastic), rapid application by spray technology, tack-free within minutes, and others.
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Some of the major players operating in the global polyurea coatings market are The Sherwin-Williams Company, VersaFlex Incorporated, PPG Industries, Inc., KUDKO CHEMICAL CO. LTD, Rhino Linings Corporation, Huntsman International LLC., Armorthane, Rust-Oleum, SPI Performance Coatings, and Lse Building Preservation Ltd.
Source: VynZ Research
