Polyurea Coatings Market Anticipated to Grow $2.0 Billion by 2027
MarketsandMarkets Research has released a report titled Polyurea Coatings Market by Raw Material Type, Polyurea Type (Pure and Hybrid), Technology (Spraying, Pouring, Hand Mixing) and End-Use (Building & Construction, Transportation, Industrial, Landscape) - Global Forecast to 2027.According to the report, the market’ssize was USD 1.2 billion in 2021 and is projected to grow at a CAGR of 10.3% during the forecast period to reach USD 2.0 billion by 2027.
Polyurea coating technology continues to develop and it is expected to substitute the existing coating technologies, such as epoxy and polyurethane. Before polyurea coatings were introduced, polyurethane coatings used to deliver high cure rates when accumulated with catalysts. They were used in a number of industrial and commercial applications but were sensitive to moisture. Polyurea coatings, due to their superior properties, provide high-quality coating and gloss and are more consistent than other coating technologies.