Global Polyurea Coatings Market: Market Driver and Restraint
Applications of Polyurea Coatings are anticipated to create new business segments in the market. Polyurea Coatings is in use for a broad range of Building & Construction products such as building roofing, external walls and underground waterproofing, waterproof cofferdam and sewage treatment pool, swimming pool, etc., high-grade building roof waterproof layer, fully bear the system load, and has water, insulation, sound insulation and energy saving effect & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Polyurea Coatings application is developed towards a more active mode.
Manufacturers are exploring the potential of Polyurea Coatings in Transportation. Application of Polyurea Coatings in Oil, petrochemical, oilfield chemical equipment are gaining traction in the recent years. Recently, manufacturers have started using Polyurea Coatings in the Industrial area. Further, there are also potential uses in the areas of ancillary facilities.
Global Polyurea Coatings Market: Forecast by Type
This segment includes Pure Polyurea Coating, Hybrid Polyurea Coating, etc. In terms of volume, Pure Polyurea Coating segment is expected to remain dominant in the global Polyurea Coatings market.
Global Polyurea Coatings Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. United States is the dominant market in the global Polyurea Coatings market in terms of value. The United States Polyurea Coatings market was estimated to be valued at US$ 206.91 Mn in 2017 and is expected to expand at a value CAGR of 3.9% over the forecast period. The China market is expected to expand at a robust rate of 3.9% in terms of revenue over the forecast period due to the steadily increasing production capacity for building roofing, external walls and underground waterproofing, waterproof cofferdam and sewage treatment pool, swimming pool, etc. products in this region.
Global Polyurea Coatings Market: Key Players
SPI, Versaflex, PPG Industries, Polycoat Products, Krypton Chemical, Supe, Sherwin-Williams, Kukdo Chemicals, Wasser Corporation, Armorthane, Tecnopol, Nukote Coating Systems, Rhino Linings, SWD, Huate, Qingdao Air++ New Materials, Feiyang, etc. are the key vendors included in this report.
The market concentration of Polyurea Coatings is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. SPI Chemical is by far the leader, followed by Versaflex and PPG Industries.Key Vendors like Polycoat Products, Krypton Chemical , and Supe, also play important part in regional market, so the market share in each region is quite different.
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