As per a new research report by Transparency Market Research (TMR), the global market for polyurea coatings has been observing a substantial increase in its valuation and a resultant surge in its market size. Researchers at TMR project this market to continue expanding steadily over in the years to come. The research report, titled “Polyurea Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” presents a comprehensive assessment of this market, considering its previous and current performance. The market drivers, obstructions, prominent trends, challenges, opportunities, and the future potential in this market have also been examined while carrying out this research.
According to the research report, the high demand for polyurea coatings in commercial and residential buildings has been propelling the global market for polyurea coatings significantly. Going forward, the swift urbanization and rapid industrialization in various regions is projected to fuel the demand for polyurea coatings across the world in the near future. The increasing usage of protective coatings in the oil and gas industry is also expected to drive the growth of this market substantially in the years to come, reports the market study.
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The report also offers an exhaustive assessment of the vendor landscape prevalent in the global market for polyurea coatings. PPG Industries, Sherwin-Williams Co., Nukote Coating Systems, VIP GmbH, Kukdo Chemicals, Specialty Products Inc., Rhino Linings, Versaflex Inc., and Wasser Corp. are some of the leading vendors of polyurea coatings, reviewed in this research study. Aggressive marketing tactics is the main strategy of these players for business expansion. They are also focusing on strategic partnerships to gain an advantage on their competitors, states the research report.