The market penetration rate of polyurea waterproof coatings continues to increase, and there is broad room for domestic substitution in the Chinese market

Polyurea waterproof coating is a high-performance material. It is a new type of solvent-free, pollution-free, highly reactive protective coating that appears after low-pollution coatings such as high-solid coatings, water-based coatings, light-cured coatings, and powder coatings. According to different construction methods, polyurea waterproof coatings can be divided into spraying and manual polyurea waterproof coatings; according to different ingredients, they can be divided into aliphatic and aromatic polyurea waterproof coatings.

Compared with traditional waterproof materials, polyurea waterproof coatings have superior UV resistance, durability, bonding properties, self-healing properties, high temperature resistance, chemical corrosion resistance, environmental protection and more convenient construction. They are used in construction Waterproofing and sealing treatment scenarios in fields such as roads, bridges, underground engineering and other fields have higher application advantages.

According to the “2023-2028 Polyurea Waterproof Coating Industry Market In-depth Research and Investment Prospect Forecast Analysis Report” released by the Industrial Research Center It shows that under the background of the continuous development of construction projects and water conservancy projects, the construction market’s requirements for waterproof materials are constantly escalating. As a new type of waterproof material with excellent performance, polyurea waterproof coating has been widely recognized by the market. Penetration rates are continuing to increase. According to data from the China Construction Industry Association, the total output value of the national construction industry enterprises in 2022 will be 31.2 trillion yuan, a year-on-year increase of 6.45%. Against this background, the domestic polyurea waterproof coating market size will reach 340 million yuan in 2022.

With the rapid development of the polyurea waterproof coating market, the number of companies in this field in my country is continuing to increase. The main companies include Chongqing Shamu Polyurea Coating, Liaoning Polyurea Waterproof and Anticorrosive Engineering, Keshun Waterproof Technology, Beijing Oriental Yuhong Waterproof Technology, Shanghai Huayi Fine Chemicals, Jiangsu Subote New Materials, Jiangsu Karen Building Materials, Weifang Yuhong Waterproof Materials, Dahang Youneng Electric, Shanghai Zhengou Industrial, etc.

However, due to the late start of the industry and weak large-scale mass production capabilities, my country’s polyurea waterproof coating market is still dominated by international leading companies that entered the market earlier, including Bayer of Germany, BASF of Germany, VersaFlex of the United States, and Polycoat Products of the United States. , American PPG Industriesnag, American Line-X and other companies. In the future, local companies will still need to continue to improve their competitiveness and promote the continuous improvement of the localization level of the domestic polyurea waterproof coating market.

Industry analysts said that polyurea waterproof coating is a new type of solvent-free, pollution-free and highly reactive coating. Type protective coating with excellent comprehensive performance, can be widely used in construction, roads, bridges, underground engineering and other fields. Currently, against the background of the increasing number of infrastructure projects such as the renovation of old houses and underground pipe networks in China, the demand for polyurea waterproof coatings continues to increase, and the industry has great development opportunities and demand space. At present, the number of companies entering the polyurea waterproof coating market in my country continues to increase. The market presents a competition pattern between international companies and local companies. In the future, local companies still have huge room for growth, and there is broad room for domestic substitution.