San Francisco, 2 January 2019: The Report Polyurea Market Analysis By Raw Material (Aromatic, Aliphatic), By Product (Coating,
Lining, Adhesives &Sealants), By Application (Construction, Industrial,
Transportation) And Segment Forecasts To 2022
According to a report
published by Grand View Research, Inc.; the global polyurea market is anticipated
to accomplish a valuation of around USD 936.7 million by 2022. Growing application
of adhesives and sealants as a bonding agent in industries such construction
and automotive can propel the market over the forecast period (2012 to 2022). Increasing
prominence of spray-based elastomeric coatings to enable fast curing is driving
demand in these industries. Growing need for waterproof membrane in
construction is also expected to boost the demand for sealant materials,
thereby drive the product demand.
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| Polyurea Market |
Greater material
characteristics of polyurea along with increasing awareness about its
application is also expected to drive the market growth. The product is mixed
in adhesive and sealant formulation to provide adhesion to clean substrates such
as concrete, wood, blasted steel, and bitumen. These coatings offer build-crack
resistance and rust prevention. Growing need for eco-friendly coatings owing to
concerns about green gas emissions is also projected to boost the product
demand in the coming years. However, availability of low-cost coating alternatives
such as polyurethane and epoxy can hamper the market growth to an extent.
Furthermore, rise in budget
for implementation of lining systems for environment protection practices such
as landfill control due to presence of strength regulatory policies to reduce
pollution level can have positive influence on the market. On other hand,
practice of polyolefin-based lining systems such as high-density polyethylene (HDPE)
and low-density polyethylene (LDPE) in construction and mining sectors across
the world is likely to act as threat.
Access Research Report of Polyurea Market@ www.grandviewresearch.com/industry-analysis/polyurea-market
Worldwide polyurea market can
be segmented on the basis of material, product, application, and region.
Based on material, the market
can be classified into aromatic and aliphatic. The aromatic segment estimated for
over 65% of the overall volume size in 2014. These compounds are used in wide range of applications
due to their easy process capability and better physical properties. However, the
global aliphatic demand is likely to surpass 45 kilo tons by 2022. These
compounds hold the ability to provide light stability as well as UV protection.
As per product, the market can
be categorized into lining, coating, adhesives and sealants, and others.
The coatings segment was the
largest segment in 2014 and estimated for over 65% of total volume. The trend
is expected to continue over the forecast period. In terms of revenue, the adhesives
and sealants are poised to rise at a CAGR of 4.2% during 2015 to 2022.
Based on application, the
market can be bifurcated into construction, industrial, transportation, and
others. In 2014, the construction segment was the leading segment and captured
over 40% of total volume size. Properties such as high reactivity and relative
moisture insensitivity of the product are anticipated to encourage its
utilization in tank liners, manhole and tunnels, and secondary containment
structures. On other hand, in terms of volume, the transportation sector is projected
to expand at a CAGR of 4.0% from 2015 to 2022.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Geographically, the market can
be divided into North America, Europe, Latin America, Asia Pacific, and Middle
East and Africa. North America managed to capture 39.8% of the total volume in
2014. Strong base of automotive manufacturing in the U.S. and Mexico is
considered as the crucial factor driving growth in this region. In addition, infrastructure
development in the U.S. such as increasing demand for residential structures is
anticipated to boost the product demand in adhesives and coatings. In terms of revenue, the U.S. coatings market
is likely to expand at a CAGR of 4.6% during 2015 to 2022. Growth of automotive
industry due to increasing demand for four-wheelers, specially SUVs is likely
to increase the use of the product in coating application.
Asia-Pacific is projected exhibit
important volume growth at a CAGR of 5.9% during 2015 to 2022. This can be
attributed to growth of construction industry in countries including India and
China. Growing budget for urban development and presence of supportive home
loan policies in these countries have also encourage the construction activities.
In 2014, the regional market was valued at USD 157.1 million.
Prominent companies operating in the polyurea market
include Specialty Products, Inc.; Huntsman; BASF; Versaflex; and Bayer.
Access
Press Release of Polyurea Market@ www.grandviewresearch.com/press-release/global-polyurea-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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