“Global Polyurea Coatings for Defense & Military Market: Products, Applications, Growth Rates and Shares, and Forecast: 2020-2029” is a recently produced reports by research team at Market.US. The Global Polyurea Coatings for Defense & Military Market is projected to reach a value of US$ 558.8 Million in 2029, from a value of around US$ 188.7 Million in 2019. The global market is projected to register a steady growth rate of 11.6%.
Polyurea coatings and linings are widely used in defense sector for security purpose, owing to proven impact resistance, ability to absorb explosive energy, durability, and quick setting features. Whereas, high market penetration of polyurethane and polyaspartic coatings on account of its properties including low wear and tear and extended life is expected to pose a threat to the polyurea coating market over the forecast period. In addition, predominant consumption of epoxy-based coatings on account of low price as compared to its counterparts is expected to pose a challenge for the market over the coming years.
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Polyurea’s quick reactivity moisture insensitivity makes it useful for coatings for advanced body armor plates. It can reach strengths of 6000psi (40MPa) tensile and more than 500% elongation, making it an extremely tough coating. Military-grade coatings provide a strong resistance against explosions and when these coatings are applied to buildings it helps in keeping the structures intact providing occupants with valuable time to reach safety. Apart from such critical properties, polyurea coatings also provide weatherproofing, waterproofing, atmospheric attack resistance and several other favorable properties which is driving its adoption for demanding defense applications including armored vehicles, trucks, tankers, HUMVEES, aircrafts, boats, as well as in buildings, bunkers, outdoor dwellings, storage facilities, ballistics systems, vests, ballistic plates, garments and gears, etc.
Technological advancements such as plural component equipment technology in order to improve polyurea coating material is among some of the other major factors expected to support growth of the target market. Moreover, additional properties of polyurea including extreme weather protection, abrasion proof and atmospheric attacks resistance make it a preferred choice for its application not only on vehicles, but also for storage facilities, buildings, outdoor dwelling reinforcements, chemical tankers, ballistic plates, shielding, helmets, etc. used for defense purpose.
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The spray coating of polyurea on truck bed liners reduces vibration and contributes to safety. Moreover, coating military buildings and other assets with polyurea can minimize damage due to bomb blasts. For instance, PAXCON is utilized by government and military contractors, as well as private security firms to safeguard assets. Critical buildings can be coated with PAXCON to help protect personnel and assets against bomb blasts and fragmentation/ debris.
Polyurea coatings offer benefits over other conventional coatings due to its zero volatile organic compounds emissions and recyclability. Such coatings are used to reduce time and improve safety due to the absence of organic solvents, low VOCs, and low residual odor/taste. The US Environmental Protection Agency (EPA) regulation for concrete protective coatings’ VOCs is set at 400 g/L. Polyurea Coatings have near-zero VOCs and fulfill the Federal Government’s 2010 VOC requirements. Global polyurea coating market is segmented on the basis of product type, application, and region. Among the product type segments, the hybrid polyurea segment holds major share in the market while and is also expected to grow at a high CAGR during the forecast period. Based on application segment, the defense facilities segment accounts for highest revenue share in the target market in the near future. Based on region, the polyurea coatings market in the North America accounts for significant market share in terms of revenue, followed by Europe. This is due to increasing R&D and government funding for development of new and innovative products. Thus, the major manufacturers are focusing to improve performance, efficiency, and durability of polyurea coatings, thereby enhancing their applicability across defense and varied end-use industries. Polyurea coatings market in the Asia Pacific is projected to register fastest growth rate in the next coming years, owing to increasing military and defense budgets in various countries such as China, India, Japan, South Korea, and others for development of the defense sector.
Кеу Маrkеt Ѕеgmеntѕ
Туре
Рurе Роlуurеа Соаtіng
Нуbrіd Роlуurеа Соаtіng
Аррlісаtіоn
Dеfеnѕе Vеhісlеѕ
Dеfеnѕе Fасіlіtіеѕ
Кеу Маrkеt Рlауеrѕ іnсludеd іn thе rероrt:
Vеrѕаflех Іnс
G.G. Dеfеnѕе Ѕуѕtеmѕ Ltd
Роlусоаt Рrоduсtѕ
Кrурtоn Сhеmісаl
ІТW Еngіnееrеd Роlуmеrѕ
Guаngzhоu Ѕurе Сhеmісаl Со. Ltd. (Ѕuре)
РАNАDUR GmbН
Ѕhеrwіn-Wіllіаmѕ
Lіnе-Х LLС
Нuntѕmаn Соrроrаtіоn.
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source https://wiredrelease.com/press-release/global-polyurea-coatings-for-defense-military-market-is-anticipated-to-touch-usd-558-8-million-by-2029-growing-at-11-6-cagr-2021-07-12
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