What is the Polyurea Market Outlook?

The global market size in 2015 for all coatings and paints was USD $141.58 billion. Of that, polyurea coatings were greater than USD $500 million, with the construction sector making up 40% of the market share. The global polyurea coating consumption in 2014 was 114.3 kilotons. The global market size in 2017 for polyurea coatings rose to USD $684 million.

Polyurea's market size continues to grow rapidly, partly due to it being approved as an eco-friendly low volatile organic compound coating (low VOC). Substitution of cheaper epoxies and other coatings by eco-friendly polyurea coatings is expected to cause a spurt in demand for polyurea. The global market share is expected to reach USD $1.48 billion by 2025, at a CAGR of 10.8% between 2020 and 2025.

Hybrid polyurea products are expected to be a major contributor to the polyurea market size because they are less expensive and have good abrasion resistance and adhesion to concrete and metallic surfaces. However, hybrid polyurea products may be lacking in moisture resistance as well as high temperature resistance as compared to pure polyurea coatings. (Learn more about the polyurea market in the article The History and Industry Adoption of Polyurea Coating Systems.)

Faster growth in developing countries with their increasing need to protect infrastructure investment, machinery parts, equipment and machine tools could contribute to growth in demand. Higher moisture resistance and the quick setting properties of polyurea could generate demand for its use in containment liners, roof top coatings, bridges, offshore structures and car parking lot applications.

By region, North America has had a dominant market share, whereas Asia-Pacific is expected to grow faster than other regions due to government-funded infrastructure projects in China and India as well as foreign investment in various sectors of the economy.

Amber Zhang Ms.

Foreign trade 

Zhejiang Ruico Advanced Materials Co., Ltd. (Stock No.873233)

Add: No.188, Liangshan Road, Linghu Town, Nanxun District, Huzhou City, Zhejiang Province, China 313018

Phone: +86 (572) 2903236

Fax: +86 (572) 2905222

Wechat: 15534631339

Website: www.ruicoglobal.com 

Email: [email protected]