The market size, in terms of value, of polyurea coatings market is estimated to be USD 531.1 million in 2015 and is projected to register a CAGR of about 12.84% between 2015 and 2020. The data mentioned in the report is based on the global demand for polyurea coatings market.
The market for polyurea coatings has been examined by adopting the Porter鈥檚 five forces analysis. This gives an idea about the current scenario in the industry at the global level. The study also provides the value chain analysis with respect to the end-use industries. The value chain describes the key contributors to the polyurea coatings market at different stages from raw material manufacturers, product manufacturers to the end-use industries. It represents the top players, contributing significantly to the polyurea coatings industry.
The market for polyurea coatings is fragmented and competitive, with a large number of minor players, especially in the U.S. The key players in this market are Versaflex Inc. (U.S.), PPG Industries (U.S.), Sherwin-Williams Company (U.S.), Rhino Linings (U.S.), Kukdo Chemicals (Korea), Nukote Coating Systems (U.S.), Specialty Products, Inc. (U.S.), Wasser Corporation (U.S.), and VIP GmbH (Germany), among others. Between 2011 and 2015, the key market players adopted multiple growth strategies to strengthen their market positions. However, most players opted for organic growth through new product launches.
