Expansion Of Construction Industry, Booming Polyurea Coatings Market

By Author: Pramod Kumar
Total Articles: 97
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Polyurea technology holds a significant share of the coatings industry, attributed to the high research and development investments. Under the end-user segment, the construction and transportation industries dominate the market. The surge in polyurea coatings demand in the defense sector propels the market.

The aromatic isocyanates are the higher polyurea coatings market revenue generator under the raw material segment, amounting to 69.7% of the revenue. Aromatic isocyanates are comprised of amine hydroxyl groups that react to generate polyurea coatings. The aromatic isocyanates are used as basecoat. Aromatic isocyanates are highly utilized in the automotive industry, leading to market proliferation. The weather conditions of North America and Europe led to an increased usage of aromatic polyurea coatings.

The growing concern for the safety of medical institutions will create opportunities for polyurea coating manufacturers. Polyurea is highly utilized for waterproofing hospital floors and other infrastructure. The requirement for extensive flooring or long pavements in several medical buildings drives the market, ...
... resulting in increased demand for polyurea coatings. The construction of residential and public structures leads to market growth. There is a great potential for intelligent coating technologies to expand in the market, attributed to corrosion resistivity.

The automotive and transportation industry holds the largest polyurea coatings market share, ofthe 25.7%. The application of the polyurea coatings on the automobiles’ exteriors, such as trucks and two-wheelers, is driving the market, attributed to high resistivity from external physical and thermal pressure. Polyurea coatings are popular in Germany, Japan and China. The German automobile industry, which has household names such as Volkswagen, Mercedes, Opel, and BMW, contributes almost 20% of the industrial output of the country in terms of the value.

The second-largest share in India’s economy is occupied by the construction industry, resulting in polyurea coatings market expansion. Government initiatives such as Pradhan Mantri Awas Yojana are the construction industry's key driver. The rise in investments made by the Indian government in infrastructure to cater to the growing population's needs is attributed to polyurea coatings in the infrastructure market. Similarly, the key players in the automotive industry are established in Japan, such as high in Honda, Nissan, Mazda, Kawasaki, Toyota and Nissan, leading to the proliferation of the market.

Polyurea Coatings Market Size and Share Analysis@ https://www.psmarketresearch.com/market-analysis/polyurea-coatings-market

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.