Global Polyurea Coating for Defense & Military Market By Type (Pure Polyurea Coating, Hybrid Polyurea Coating), By Application (Defense Vehicles, Defense Facilities, And Other Application.), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2029

Market.us announces publication of its most recently generated research report titled, “Global Polyurea Coating for Defense & Military Market by Type Pure Polyurea Coating, Hybrid Polyurea Coating), By Application (Defense Vehicles, Defense Facilities, And Other Application.), and by Region – Global Forecast to 2029.”, which offers a holistic view of the global Polyurea Coating for Defense & Military market through systematic segmentation that covers every aspect of the target market.

The global Polyurea Coating for Defense & Military Market is projected to be US$ 188.7Mn in 2019 to reach US$ 558.8 Mn by 2029 at a CAGR of 11.6%.

Polyurea is an elastomer derived from step-growth polymerization, which combines synthetic resin and isocyanate-reactive components. Various formulations of resins and isocyanates offer moisture resistance, flame retardation, pigmentation, desired setting time, and other unique properties. Polyurea coatings have outstanding temperature tolerances and heat resistance. Moreover, these coatings are eco-friendly, as they have negligible Volatile Organic Compounds (VOC) emissions, as well as, are odorless, making them both compliant with the stringent VOC and environmental regulations. Several advantages offered by polyurea coatings have resulted in a wide range of applications including concrete coatings, waterproofing applications, pipeline coatings, tank linings, railcar coatings, truck bed liners, floor joint or seam sealants, secondary containment, as well as coatings for defense and military applications.

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Increasing military spending and need for high-performance military weapons to strengthen the defense, and preparedness, and protect from any threats is a factor expected to drive the growth of the target market over the forecast period.

Global Polyurea Coating for Defense & Military Market Revenue (US$ Mn), 2019–2029

Rising investments and budgets by the government of several economies including the US, France, Saudi Arabia, Israel, India, and others for a sturdy defense sector to prevent terrorist attacks and wars is another factor expected to boost the market growth of polyurea coatings market. In addition, since polyurea coatings provide ballistic shielding, as well as bullet resistance applications, increasing R&D investments by several key players in the market towards the development of higher efficiency products is also another factor expected to augment the growth of the target market

However, high development cost and lack color stability on exposure to UV light or sunlight are major factors that can challenge the adoption of polyurea coatings for various other end-use applications

Global Polyurea Coating for Defense & Military market is segmented on the basis of type, application. On the basis of type, the market is segmented into pure polyurea coating, hybrid polyurea coating. The hybrid polyurea coating segment accounts for the majority share and is expected to register the highest growth over the forecast period. On the basis of application, the market is segmented into defense vehicles, defense facilities, and other application. The defense facilities segment accounts for a majority share in the global polyurea coating for defense & military market.

Global Polyurea Coating for Defense & Military Market by Application, 2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. North America accounts for the majority share in the global polyurea coating for defense & military market, owing to mature economic condition. The research report on the global polyurea coating for defense & military market includes profiles of some of the major companies such as Versaflex, Inc, G.G. Defense Systems Ltd, Polycoat Products, Krypton Chemical, ITW Engineered Polymers, Guangzhou Sure Chemical Co., Ltd. (Supe), PANADUR GmbH, Sherwin-Williams, Line-X LLC, Huntsman Corporation.

Key Market Segments

Type

•  Pure Polyurea Coating
• Hybrid Polyurea Coating

Application

• Defense Vehicles
• Defense Facilities

Key Market Players included in the report:

• Versaflex Inc
• G.G. Defense Systems Ltd
• Polycoat Products
• Krypton Chemical
• ITW Engineered Polymers
• Guangzhou Sure Chemical Co. Ltd. (Supe)
• PANADUR GmbH
• Sherwin-Williams
• Line-X LLC
• Huntsman Corporation.

For the Polyurea Coating for Defense & Military Market research study, the following years have been considered to estimate the market size: