Some raw materials have been produced domestically. China’s polyurea coating production continues to grow.
Polyurea coatings are a high-performance waterproof material. Its main component is a class of compounds formed by the reaction of isocyanate components with amino compounds, isocyanate monomers, polymers, isocyanate derivatives, prepolymers and semi-prepolymers. These macromolecules are macromolecules with repeating urea groups in the molecules formed by the reaction of multi-terminal amino compounds or polymers with polyisocyanate-containing semi-prepolymers.
Polyurea coating uses a one-time coating process during construction. No matter how large the area is, there are no joints. Moreover, polyurea coating is a dust-free material. It has strong adhesion, friction resistance, strong hardness and other characteristics. Polyurea coating It can be used in electric power industry, high-speed railways, subways, tunnels, culverts, industrial plants, industrial floors, cold storage moisture-proof layers, reservoirs, bridges, underground engineering, aquariums, swimming pool linings, high-end building roofs, sports stands, sewage pools, chemical storage cans and many other fields. Industrial Research Center issued the 2022 Global and China Gathering An in-depth research report on the urea coatings industry shows that the global polyurea coatings market will grow from US$1.35 billion in 2022 to US$2.19 billion in 2027, with a compound annual growth rate of 10.2%.
The construction field will become the fastest growing downstream application field in the polyurea coating market
In the traditional building materials coating market, traditional coatings can only have one advantageous index in waterproofing and anti-corrosion performance, but polyurea coatings are not only waterproof, but also have good wear resistance and corrosion resistance, which also has a great impact on the building materials and paint markets. With a huge impact, polyurea coatings can be used in anti-static, fire-proof, non-flammable and severely corrosive environments, such as electronic factories, operating rooms, oil depots, chemical plants, laboratories, etc.
The technical barriers of pool coating market are high, and Chinese companies are mainly small and medium -sized enterprises.
The polyurea coating industry has high technical barriers, but Chinese local companies are mainly small and medium-sized enterprises. In the international market, chemical giants such as SPI, BASF, and Versaflex are involved. The product performance of local Chinese companies still lags behind that of international companies. However, the products of local companies are cost-effective and can be used in some industries with lower coating requirements. The environment is dominated by products from local Chinese companies.
Polyaspartate resin may become the fastest growing segment product in the polyurea coating market
Aliphatic polyurea is the mainstream product in the current market, but aliphatic polyurea coatings are expensive, which limits their market expansion to a certain extent. Polyaspartate resin is currently a popular product developed in the polyurea coating market, and some raw materials can be replaced by local production, which is expected to reduce costs and thereby reduce the price of polyurea coatings.
In the global polyurea coatings market, major competitors include SPI, BASF, Versaflex, PPG Industries, Polycoat Products, Krypton Chemical, Supe, Sherwin-Williams, Kukdo Chemicals, Wasser Corporation, Armorthane, Tecnopol, Nukote Coating Systems, Rhino Linings , SWD, China also has some local companies participating in the competition, such as Yantai Huate Polyurethane Co., Ltd., Qingdao Airjiajia New Materials Co., Ltd., etc.
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