San Francisco, 11 March, Polyurea Market Analysis By Raw
Material (Aromatic, Aliphatic), By Product (Coating, Lining, Adhesives
&Sealants), By Application (Construction, Industrial, Transportation) And
Segment Forecasts To 2022
The global polyurea market is expected to reach USD 936.7 million by 2022,
according to a new report by Grand View Research, Inc. Increasing importance of
spray-based elastomeric coatings in automotive and construction industries on
account of providing fast cure time is expected to remain a favorable factor
for growth. In addition, rising importance of waterproofing membrane in civil
construction and residential structures is expected to increase the use of
sealing materials and thus likely to fuel demand.
Growth of the automotive
industry in China, India and Mexico in light of new product launches along with
easy access of raw materials is expected to fuel the demand for polyurea
coatings. These coatings exhibit good rust prevention and excellent build-crack
resistance. Increasing demand for eco-friendly coatings in automotive industry
on account of rising concerns over greenhouse gas emissions is expected to
drive growth. Demand for the polymer in transportation applications is
anticipated to be 28.6 kilo tons by 2022.
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Report On Polyurea Market Analysis:
Further key findings from the report suggest:
·
Global polyurea market was
114.3 kilo tons in 2014 and is expected to reach over 150 kilo tons by 2022.
Enhanced material characteristics and increasing awareness pertaining to its
application are expected to drive global polyurea market growth over the forecast
period.
·
Aliphatic compounds are capable
of providing light stability along with exceptional UV protection.
Manufacturers use aliphatic compounds such as isophorone diisocyanate (IPDI)
and hexamethylene diisocyanate (HDI) for the production of finished products
used as coatings, sealants and lining materials. The global aliphatic demand is
expected to exceed 45 kilo tons by 2022.
·
Global polyurea based adhesives
& sealants market was 11.3 kilo tons in 2014. Growing application of
adhesive as a substitute to metal fastener in automobiles for reducing the
overall car weight to improve fuel efficiency is expected to play a crucial
role in accelerating market growth.
·
U.S. coatings market is
expected to witness growth at a CAGR of 4.6% from 2015 to 2022, in terms of
revenue. Gains in automotive industry of the U.S. on account of increasing
domestic consumption of four-wheelers, particularly SUVs is expected to promote
the application of coatings and thus likely to augment growth.
·
Asia Pacific polyureamarket was
valued at USD 157.1 million in 2014. Improvement in construction industry of
China and India on account of rising government spending towards infrastructure
improvement as a part of 12thFive
Year Plan is expected to fuel demand.
·
Major market players include
BASF, Bayer, Huntsman, Versaflex, Specialty Products, Inc., Nukote and SWD
Urethane. The market is characterized by new product development and
establishment of strategic partnerships with buyers. In addition, positive
outlook towards automotive and construction industries in emerging economies
including China and India is expected to force manufacturers to establish
strategic business units in vicinity.
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Grand View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global polyurea market by raw material, product, application and region:
Raw Material Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Aromatic
·
Aliphatic
Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
·
Coating
·
Lining
·
Adhesives & Sealants
·
Others
Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Construction
·
Industrial
·
Transportation
·
Others
·
Others
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
·
Latin America
o
Brazil
·
Asia Pacific
o
China
·
MEA
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Release of this Report:
https://www.grandviewresearch.com/press-release/global-polyurea-market
https://www.grandviewresearch.com/press-release/global-polyurea-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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