Rising Penetration Of Polyurea Coating In Building And Infrastructure Application Will Show A Positive Influence On Overall Industry Growth

The polyurea coating market is anticipated to witness a CAGR of 2.47% in the forecast period. It is the novel enhancement in coating technology owing to its extreme durability in comparison to some epoxy coatings. The easy installation process and its eco-friendly nature makes them popular amongst consumers. For instance, TEKNOPUR 300 Elastomeric Coating is an enhanced pure polyurea technology that withstands extreme mechanical loads, high abrasion, and is highly resistant to chemicals and corrosion. 

The coating is exclusively used in the building and infrastructure application comprising structural bond, bridge construction, concrete repair, commercial architecture, parking decks, floor and roof coating, joint fill, and caulks. These coatings are less reactive to most of the chemicals and are hydrophobic. Thus, waterproofing and abrasion-resistant property will boost product demand in the coming years.

Drivers and Restraints:

Apart from its chemical inertness, these coatings offer enhanced properties such as high tensile strength coupled with utmost flexibility, high surface strength, and excellent thermal stability. This, in turn, will escalate product demand in the forecast period. Factor such as requirement of skilled labor, high health risks will hamper product demand. The health risk is associated with toxic fumes released due to vapors of amine substrates.

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Polyurea coating industry is categorized based on product, application, and region. Based on product type, the industry is categorized into a hybrid polyurea coating and pure polyurea coating. Based on application, the industry is categorized into road & bridge application, building applications, industrial application, marine application, transportation application, and others. Geographically, the industry is categorized into South America, China, Southeast Asia, USA, India, Europe, Korea, and Japan.

Industrial application is anticipated to witness the fastest growth rate on account of its rising use for primary and secondary containment linings.

Rapid industrialization in emerging countries like India will boost the segment growth in the coming years. Its rising use for applications such as automotive fascia OEM molded parts, tank coatings & linings, pipeline restoration, pipe coatings, utility holes, sewer linings, secondary containment, wastewater treatment plants, and water tanks will show a positive impact on overall industry growth. Also, enables the coated structure to contract and expand with a change in temperature. As it is corrosion resistance it is exclusively used in water treatment assets, pipelines, ponds, and tanks, thus, will thrust segment growth in the forecast period.

Globally, Asia Pacific is anticipated to account for the significant revenue share in forecast period owing to rise in foreign investment.

Expansion of the manufacturing sector in the region owing to accessibility to raw materials and availability of low-cost labor will escalate product demand in the region. India is a major consumer in this region owing to rapid urbanization and development of smart cities.

Prominent players in the polyurea coating market include Tecnopol, SPI, Armorthane, Versaflex, Wasser Corporation, PPG Industries, Kukdo Chemicals, Polycoat Products, Sherwin-Williams, Krypton Chemicals, Panadur, ITW Engineered Polymers, and Supe. These players are investing in R&D activities to develop eco-friendly products on account of rising greenhouse gas emissions.