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North America Polyurea Coatings Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Raw Material (Aliphatic Polyurea and Aromatic Polyurea), Type (Pure Polyurea and Hybrid Polyurea), Technology (Spraying, Pouring, and Hand Mixing), and Application (Building and Construction, Transportation, Industrial Application and Others)

April 2023 | 123 pages | ID: N9E9E514114AEN
The Insight Partners

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The North America polyurea coatings market is expected to grow from US$ 240.57 million in 2022 to US$ 410.97 million by 2028. It is estimated to grow at a CAGR of 9.3% from 2022 to 2028.

Increase in Building and Construction Activities fuels North America Polyurea Coatings Market

The building & construction industry is growing rapidly in many countries across the world due to a rise in government investments and increase in demand for residential construction projects. Countries such as the US have the world's most significant building and construction businesses. According to Associated General Contractors of America (AGC), the construction industry in the US creates structures worth US$ 1.4 trillion each year. A rise in construction activities in the country is attributed to the increasing population and the proliferating commercial sector. Polyurea coatings are mainly used for sealing and protecting structures and tanks. The properties of polyurea enhance the durability of a structure or building. Therefore, the surge in construction activities propels the demand for North America polyurea coatings market in the country.

North America Polyurea Coatings Market Overview

The North American polyurea coatings market is growing due to the increased coating usage in flooring and roofing applications during residential construction. Polyurea coating is used to protect and waterproof; polyurea is an excellent substitute to other roofing methods. A polyurea roofing system will waterproof and protect the structure against damages caused by expansion, inclement weather, and contraction with temperature changes, abrasion, high and low-impact stressors, and corrosion. Furthermore, rising concern regarding environmental protection in the manufacturing & construction industries, mainly in Canada and Mexico, is expected to fuel the demand for polyurea coatings in the coming years. Polyurea releases neither CO2 nor other harmful gases during its manufacture or lifetime. The production of the essential components (raw materials) can be made climate-neutral utilizing renewable energies, so it is also possible to act in a timely manner regarding the eco-footprint.

North America Polyurea Coatings Market Revenue and Forecast to 2028 (US$ Million)

North America Polyurea Coatings Market Segmentation

The North America polyurea coatings market is segmented into raw material, type, technology, application and country.

Based on raw material, the North America polyurea coatings market is segmented into aliphatic polyurea and aromatic polyurea. The aromatic polyurea segment held a larger share of the North America polyurea coatings market in 2022.

Based on type, the North America polyurea coatings market is segmented into pure polyurea and hybrid polyurea. The hybrid polyurea segment held a larger share of the North America polyurea coatings market in 2022.

Based on technology, the North America polyurea coatings market is segmented into spraying, pouring, and hand mixing. The spraying segment held the largest share of the North America polyurea coatings market in 2022.

Based on application, the North America polyurea coatings market is segmented into building and construction, transportation, industrial application and others. The building and construction segment held the largest share of the North America polyurea coatings market in 2022.

Based on country, the North America polyurea coatings market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America polyurea coatings market in 2022.

BASF SE; Huntsman International LLC; Nukote Coating Systems International LLC; PPG Industries Inc; Rhino Linings Corp; Sika AG; Teknos Group Oy; The Sherwin-Williams Co; and VIP Coatings International GmbH & Co KG are the leading companies operating in the North America polyurea coatings market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Polyurea Coatings Market – By Raw Material
1.3.2 North America Polyurea Coatings Market – By Type
1.3.3 North America Polyurea Coatings Market – Technology
1.3.4 North America Polyurea Coatings Market – Application
1.3.5 North America Polyurea Coatings Market – By Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. NORTH AMERICA POLYUREA COATINGS MARKET LANDSCAPE

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 The Threat of New Entrants:
4.2.2 Bargaining Power of Buyers:
4.2.3 Bargaining Power of Suppliers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis: North America Polyurea Coatings Market
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-Use Industry:
4.4 Expert Opinions

5. NORTH AMERICA POLYUREA COATINGS MARKET – KEY INDUSTRY DYNAMICS

5.1 Market Drivers
5.1.1 Increase in Building and Construction Activities
5.1.2 Superiority of Polyurea Coatings Over Epoxy and Polyurethane Coatings
5.2 Market Restraints
5.2.1 High Price and Toxic Raw Material
5.3 Market Opportunities
5.3.1 Growing Infrastructure Advancement Activities in Various Economies
5.4 Future Trends
5.4.1 Technological Advancements and Strategic Activities
5.5 Impact Analysis of Drivers and Restraints

6. NORTH AMERICA POLYUREA COATINGS –MARKET ANALYSIS

6.1 North America Polyurea Coatings Market Overview
6.2 North America Polyurea Coatings Market Forecast and Analysis

7. NORTH AMERICA POLYUREA COATINGS MARKET ANALYSIS – BY RAW MATERIAL

7.1 Overview
7.2 North America Polyurea Coatings Market, By Raw Material (2021 and 2028)
7.3 Aliphatic Polyurea
7.3.1 Overview
7.3.2 Aliphatic Polyurea: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Aromatic Polyurea
7.3.4 Overview
7.3.5 Aromatic Polyurea: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)

8. NORTH AMERICA POLYUREA COATINGS MARKET ANALYSIS – BY TYPE

8.1 Overview
8.2 North America Polyurea Coatings Market, By Type (2021 and 2028)
8.3 Pure Polyurea
8.3.1 Overview
8.3.2 Pure Polyurea: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3 Pure Polyurea: North America Polyurea Coatings Market – Volume and Forecast to 2028 (Gallons)
8.4 Hybrid Polyurea
8.4.1 Overview
8.4.2 Hybrid Polyurea: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3 Hybrid Polyurea: North America Polyurea Coatings Market – Volume and Forecast to 2028 (Gallons)

9. NORTH AMERICA POLYUREA COATINGS MARKET ANALYSIS – TECHNOLOGY

9.1 Overview
9.2 North America Polyurea Coatings Market, By Technology (2021 and 2028)
9.3 Spraying
9.3.1 Overview
9.3.2 Spraying: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Pouring
9.4.1 Overview
9.4.2 Pouring: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Hand Mixing
9.5.1 Overview
9.5.2 Hand Mixing: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)

10. NORTH AMERICA POLYUREA COATINGS MARKET ANALYSIS – APPLICATION

10.1 Overview
10.2 North America Polyurea Coatings Market, By Application (2021 and 2028)
10.3 Building and Construction
10.3.1 Overview
10.3.2 Building and Construction: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Transportation
10.4.1 Overview
10.4.2 Transportation: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Industrial Applications
10.5.1 Overview
10.5.2 Industrial Applications: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: North America Polyurea Coatings Market – Revenue and Forecast to 2028 (US$ Million)

11. NORTH AMERICA POLYUREA COATINGS MARKET – COUNTRY ANALYSIS

11.1 Overview
11.1.2 North America Polyurea Coatings Market, by Key Country
11.1.2.1 US: North America Polyurea Coatings Market –Revenue and Forecast to 2028 (US$ Million)
11.1.2.2 US: North America Polyurea Coatings Market –Volume and Forecast to 2028 (Gallons)
11.1.2.2.1 US: North America Polyurea Coatings Market, by Raw Material
11.1.2.2.2 US: North America Polyurea Coatings Market, by Type
11.1.2.2.3 US: North America Polyurea Coatings Market, by Type
11.1.2.2.4 US: North America Polyurea Coatings Market, by Technology
11.1.2.2.5 US: North America Polyurea Coatings Market, by Application
11.1.2.3 Canada: North America Polyurea Coatings Market–Revenue and Forecast to 2028 (US$ Million)
11.1.2.4 Canada: North America Polyurea Coatings Market–Volume and Forecast to 2028 (Gallons)
11.1.2.4.1 Canada: North America Polyurea Coatings Market, by Raw Material
11.1.2.4.2 Canada: North America Polyurea Coatings Market, by Type
11.1.2.4.3 Canada: North America Polyurea Coatings Market, by Type
11.1.2.4.4 Canada: North America Polyurea Coatings Market, by Technology
11.1.2.4.5 Canada: North America Polyurea Coatings Market, by Application
11.1.2.5 Mexico: North America Polyurea Coatings Market–Revenue and Forecast to 2028 (US$ Million)
11.1.2.6 Mexico: North America Polyurea Coatings Market–Volume and Forecast to 2028 (Gallons)
11.1.2.6.1 Mexico: North America Polyurea Coatings Market, by Raw Material
11.1.2.6.2 Mexico: North America Polyurea Coatings Market, by Type
11.1.2.6.3 Mexico: North America Polyurea Coatings Market, by Type
11.1.2.6.4 Mexico: North America Polyurea Coatings Market, by Technology
11.1.2.6.5 Mexico: North America Polyurea Coatings Market, by Application

12. INDUSTRY LANDSCAPE

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. COMPANY PROFILES

13.1 BASF SE
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 PPG Industries Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Sika AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 The Sherwin-Williams Co
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 VIP Coatings International GmbH & Co KG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Nukote Coating Systems International LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Huntsman International LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rhino Linings Corp
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Teknos Group Oy
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments

14. APPENDIX

14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES

Table 1. North America Polyurea Coatings Market Revenue Forecast to 2028 (US$ Mn)
Table 3. US: North America Polyurea Coatings Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: North America Polyurea Coatings Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: North America Polyurea Coatings Market, by Type – Volume and Forecast to 2028 (Gallons)
Table 6. US: North America Polyurea Coatings Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: North America Polyurea Coatings Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: North America Polyurea Coatings Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: North America Polyurea Coatings Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: North America Polyurea Coatings Market, by Type – Volume and Forecast to 2028 (Gallons)
Table 11. Canada: North America Polyurea Coatings Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: North America Polyurea Coatings Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: North America Polyurea Coatings Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: North America Polyurea Coatings Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: North America Polyurea Coatings Market, by Type – Volume and Forecast to 2028 (Gallons)
Table 16. Mexico: North America Polyurea Coatings Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: North America Polyurea Coatings Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Glossary of Terms, North America Polyurea Coatings Market

LIST OF FIGURES

Figure 1. North America Polyurea Coatings Market Segmentation
Figure 2. North America Polyurea Coatings Market Segmentation – By Country
Figure 3. North America Polyurea Coatings Market Overview
Figure 4. Hybrid Polyurea segment holds the largest share
Figure 5. US Held Largest Share of North America Polyurea Coatings Market in 2021
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. North America Polyurea Coatings Market: Impact Analysis of Drivers and Restraints
Figure 9. North America Polyurea Coatings Market Forecast and Analysis, 2020–2028 (US$ Mn)
Figure 10. North America Polyurea Coatings Market Revenue Share, by Raw Material (2021 and 2028)
Figure 11. Aliphatic Polyurea: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. Aromatic Polyurea: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. North America Polyurea Coatings Market Revenue Share, by Type (2021 and 2028)
Figure 14. Pure Polyurea: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Pure Polyurea: North America Polyurea Coatings Market – Volume and Forecast To 2028 (Gallons)
Figure 16. Hybrid Polyurea: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Hybrid Polyurea: North America Polyurea Coatings Market – Volume and Forecast To 2028 (Gallons)
Figure 18. North America Polyurea Coatings Market Revenue Share, by Technology (2021 and 2028)
Figure 19. Spraying: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Pouring: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Hand Mixing: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. North America Polyurea Coatings Market Revenue Share, By Application (2021 and 2028)
Figure 23. Building and Construction: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Transportation: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Industrial Applications: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Others: North America Polyurea Coatings Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. North America Polyurea Coatings Market, by Key Country– Revenue (2021)(US$ Million)
Figure 28. North America Polyurea Coatings Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. US: North America Polyurea Coatings Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. US: North America Polyurea Coatings Market –Volume and Forecast to 2028 (Gallons)
Figure 31. Canada: North America Polyurea Coatings Market–Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: North America Polyurea Coatings Market–Volume and Forecast to 2028 (Gallons)
Figure 33. Mexico: North America Polyurea Coatings Market–Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: North America Polyurea Coatings Market–Volume and Forecast to 2028 (Gallons)


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