International. The market size, in terms of value, of polyurea coatings is estimated at US$531.1 million in 2015 and is expected to reach US$971.5 million in 2020, at a CAGR of 12.84% between 2015 and 2020, according to analyst Markets & Markets.
The indicators identified for the polyurea coating market are the intended replacement of polyurea coatings with other coating technologies and high growth in the end-user market of buildings and construction, transportation, industry.
Countries such as the United States, China and Germany are the main markets for polyurea coatings. The market in the countries of the Middle East and Africa is also growing. In developed countries such as the United States, Germany, Japan, Italy the market is growing at a moderate pace compared to Asia Pacific and the rest of the countries.
The restriction for the market includes the high cost of polyurea technology compared to polyurethane and epoxy coating. The opportunities for the polyurea coatings industry are emergence of new polyurea technologies in the coating market and imminent applications.
