The Latin America, Middle East and Africa Polyurea Coatings Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 417.05 Hundred Tonnes, showcasing a growth of 9.6% (2023-2030).
Spraying technology in the market represents a revolutionary application method that ensures efficient, uniform, and rapid coating processes. Utilizing high-pressure plural-component spray equipment, this technology enables the precise mixing and immediate on-site application of these coatings. The process involves simultaneous spraying of the two components, isocyanate and resin, which react and cure almost instantly upon contact, forming a seamless protective layer. Therefore, Brazil utilized 50.91 hundred tonnes of these coatings in 2022.
The Brazil market dominated the LAMEA Polyurea Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $46.4 Million by 2030,. The Argentina market is showcasing a CAGR of 11% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.2% during (2023 - 2030).
Developing hybrid coating systems is a notable innovation in the market. These systems often combine polyurea with other coating technologies, such as polyurethane or epoxy, to leverage synergistic properties. Hybrid coatings balance flexibility, hardness, and chemical resistance, expanding the range of applications. Hybrid coating systems enhance chemical resistance by combining the inherent resistance of polyurea with the specific chemical-resistant properties of other coatings. This synergy results in a coating that can withstand a broader range of chemicals, acids, and corrosive agents.
Moreover, advancements in application technologies and equipment play a crucial role in the market. Innovations in spray equipment, such as plural-component systems, facilitate precise and efficient application. Additionally, robotic application systems are gaining traction, particularly in large-scale projects, improving the accuracy and speed of polyurea coating applications.
As per the data released in 2023 by the International Trade Administration, in line with the nation’s long-term strategic Vision 2030 program, Saudi Arabia has initiated the National Transport and Logistics Strategy to develop and expand sea-to-air and rail-to-road connectivity transportation. Saudi Arabia’s freight and logistics sector is valued at $20.47 billion and is expected to reach $32.12 billion by 2026. Additionally, as per the Dubai Statistics Center, in 2022, there were 13,236 buildings under construction in Dubai and 1,941 completed buildings. Rapid urbanization has increased demand for housing, commercial spaces, and public amenities. Cities like Dubai and Abu Dhabi have grown substantially, requiring more infrastructure and real estate developments. Therefore, the growing construction and transportation sectors in LAMEA will assist in the expansion of the regional market.
Free Valuable Insights: The Worldwide Polyurea Coatings Market is Projected to reach USD 2 Billion by 2030, at a CAGR of 7.8%
Based on End User, the market is segmented into Building & Construction, Transportation, Industrial, and Others. Based on Polyurea Type, the market is segmented into Pure, and Hybrid. Based on Raw Material, the market is segmented into Aliphatic Isocyanate, and Aromatic Isocyanate. Based on Technology, the market is segmented into Spraying, Pouring, and Hand Mixing. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By End User (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Polyurea Type (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Raw Material (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Technology (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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