Global Polyurea Coating Market is Projected to Reach USD 789.25 million USD by 2024
Polyurea coating industry is a niche market with high technology barrier. Major participants in the industry are medium and small companies. The main market players are Nukote Coating Systems, SPI and Supe. The global production of polyurea coating has increase to 113829 MT in 2016 from 96060 MT in 2012 with average growth rate of 2.98%.
Other important players cover BASF, Versaflex, PPG Industries, Polycoat Products, Krypton Chemical, Supe, Sherwin-Williams, Kukdo Chemicals, Wasser Corporation, Armorthane, Tecnopol, Rhino Linings, SWD, Huate, Qingdao Air++ New Materials and Feiyang
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Polyurea coating has two types, which include pure Polyurea coating and hybrid Polyurea coating. The major application of Polyurea Coatings can be classified as building & construction, transportation, Industrial and others. Transportation is the major application of Polyurea coating with market share of 43.26% in 2017. building & construction, and Industrial takes market share of 25.21% and 19.17% separately.
There are multiple kinds of substitute of Polyurea Coatings, like Polyurethane Coatings, but Polyurea Coatings has maintained its market position due to its irreplaceable advantage. The market of Polyurea Coatings is still small due to its high price and construction difficulty. Engineering company takes a crucial part in the industry chain because spray requires a high technical content. Consequently, the market in each region are quite different from each other. Downstream users are the most important sector in the industry chain. They take decisive role in the development of the whole industry.
The Global Polyurea Coating Market Research Report 2017 report released by QYResearch provides a basic overview of the Polyurea Coating industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Polyurea Coating industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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