Mature Oil & gas industry in the region is expected to fuel the expansion of polyurea market
The Middle East is a major hub for the oil and gas industry. Polyurea coatings are used to protect pipelines, storage tanks, and offshore structures from corrosion and harsh environmental conditions, making them a crucial solution in the sector. In addition, the growth of various industrial sectors in the Middle East, including manufacturing, petrochemicals, and power generation, has driven the demand for polyurea coatings for equipment and facility maintenance, which is expected to drive demand within polyurea market.
Moreover, the Middle East experiences extreme weather conditions, including high temperatures and humidity. Polyurea coatings offer excellent resistance to UV radiation and can withstand the region’s climatic challenges. Furthermore, as awareness of the benefits of polyurea coatings grows, more industries in the Middle East are expected to adopt them for various applications, which is further expected to contribute notably to the expansion of polyurea market in the region.
Rapid Urbanization and multiple smart city projects are expected to result in an enhanced demand for polyurea
Rapid urbanization in cities across the Middle East has led to increased construction activity, creating a demand for waterproofing and protective coatings in residential and commercial buildings. Polyurea coatings are effective in preventing corrosion on surfaces, a crucial requirement in construction industry. In addition, polyurea coatings are known for their durability and minimal maintenance requirements, which can lead to cost savings for industries over time, which is further expected to contribute significantly to the expansion of polyurea market.
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Report Includes
- A comprehensive overview and up-to-date analysis of the Middle East polyurea market
- Analyses of the Middle East market trends, with historic market revenue data for 2019 to 2022, estimates for 2023, forecasts for 2024 until 2030, and projections of compound annual growth rates (CAGRs) through 2030
- Estimation of the market size for the polyurea market in terms of US$ million values, and their corresponding market share analysis by key segments
- Estimation of the market size for the polyurea market in thousand tons, and their corresponding market share analysis by key segments
- Thorough insights (facts and figures) concerning the major factors influencing the progress of the market, benefits, and industry-specific obstacles with respect to specific growth trends, upcoming technologies, prospects, and contributions to the overall market
- Overview of the patents issued on polyurea products as well as the technological trends and new developments in the Middle East market over a brief period
- Identification of the leading industry players and examination of the company’s competitive landscape through a detailed evaluation of recent developments, solution offerings, financial performance, patent portfolios, and segmental revenues
- Comprehensive company profiles outlining critical information about the key players in the polyurea market.
- The report also includes a concise discussion of technological, regulatory, and competitive elements and economic trends that impact the Middle East polyurea market. It also explains the major drivers and regional dynamics of the Middle East polyurea market and current trends within the industry. The report concludes with detailed profiles of the major vendors in the Middle East market
Report Synopsis
Report Metrics |
Details |
Base Year |
2023 |
Forecast Period |
2023-2030 |
Base Year Market Size |
US$ 40.2 Million |
Market Size Forecast |
US$ 85.3 Million |
Growth Rate |
11.4% |
By Region |
Israel, Jordan, Saudi Arabia, Kuwait, Qatar, Iraq, Bahrain, UAE, Oman, Yemen |
By Type |
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By Polyurea Coating Temperature Applied |
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By Chemical Structure |
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By Product Type |
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By Application |
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Key Market Drivers |
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Companies Profiled |
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
To customize reports as per your needs, speak to our analyst
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, Polyurea Association, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for Polyurea manufacturers, leading brands and suppliers, companies operating in the chemical and materials industry, coatings manufacturers, value chain stakeholders, end users, consumers by region, government organizations, educational organizations, regulatory agencies, consulting companies, research organizations, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.