Extremely tolerant and fast settling coatings are created using polyurea technology by adjusting properties of two reactive components. It is among the most resisting coatings due to its elasticity and toughness. These coatings are suitable to use in various industries and objects such as pipelines, mining industry, machines, secondary containment, transportation vehicles, steel structures, roofs, pools, concrete structures, and others. 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.
The availability of alternatives or substitutes in the market are expected to hinder the polyurea coatings market growth during the forecast period, for instance, epoxies are available at lower price as compared to these coatings, which is likely to hamper the demand of these coatings in the market.
Polyurea grips a unique position in the coatings industry and also in the polyurethane coatings industry. The new developments for the raw material and application equipment have enlarged the portfolio of applications considerably. The main advantages of these coatings are their reactivity, low temperature curing, water insensitivity, and their unique physical and chemical properties.
Globally, North America is the largest consumer of polyurea coatings market, hence holds the largest share in the overall market. However, during the forecast period, Asia-Pacific is anticipated to register the fastest growth in the market. This can be attributed to the increasing investment in emerging economies and rapid urbanization and industrialization.
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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.
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