The Latest Comprehensive Industry research study titled, “Polyurea Market by Products, Application - Global Industry Analysis and Forecast To 2022” published by Crystal Market Research, states that the Polyurea market is projected to be around $1.40 billion by 2022.

The global polyurea market was worth USD 0.87 billion in the year 2014 and is foreseen to garner roughlyUSD 1.40 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 5.39% during the forecast period. In 2014 the global polyurea market was sized 114.3 kilo tons. Polyurea is utilized in a number of applications that include transportation and construction due to its unusual features like high thermal stability, fast curing time, outstanding water insensitivity and pigment compatibility. This polymer is obtained from the reaction of synthetic resin blended polymers and isocyanate compounds via step-growth polymerization. The polymer is extensively utilized in the production of lining systems, sealants, coatings and adhesives. The rising utilization of protective coatings in the construction and automotive sector owing to high durability and rust prevention is anticipated to increase the utilization of polyurea. However, the availability of alternative coatings those are low-cost like polyurethane and epoxy may hamper the growth of the polyurea market. Polyurea is used in adhesives and sealants owing to its outstanding adhesion features on surfaces such as concrete, wood blasted steel and bitumen. Increasing utilization of sealants and adhesives as bonding substances in sectors like construction and automotive is anticipated to boost the growth of the market. Growing disbursement on the utilization of lining systems for the protection of the environment processes like landfill control, owing to strict regulations with the aim of reducing the harmful effects of pollution the demand of the polyurea is expected to boost.

Get sample copy of this Report: https://www.crystalmarketresearch.com/report-sample/CM09233


Key Market Players:

ukote Coating Systems International
Specialty Products
Inc. (SPI)
LineX Protective Coatings
BASF
SWD Polyurethane
PPG Industries
VersaFlex Inc.

The largest application segment was construction in 2014 that accounted a share of more than 40 percent of the global volume. Polyurea renders high reactivity and moisture insensitivity that boosts its usage in applications like tank liners, secondary containment structures and manhole & tunnels. The requirement of polyurea in industrial applications in 2014 crossed 30 kilo tons. A switch in preference in the manufacturing industry from breakdown maintenance to condition-based monitoring is one of the factors to increase the usage of protective coatings, thereby boosting the growth of the polyurea market. Polyurea is extremely useful as sealing and coating materials in the marine, automotive and aerospace sectors. The transportation industry is anticipated to encounter significant growth in terms of volume.
A share of more than 65 percent of the global volume was accounted by aromatic compounds in 2014. They were widely utilized in variety of applications as they render outstanding physical properties and convenient process ability. Most of the companies in the market utilize aromatic compounds like aromatic amine, methylene diisocyanate (MDI) prepolymers and polyoxypropylene amines for the manufacturing of finished products as they are cost-effective. Aliphatic compounds are utilized due to their outstanding stability under ultraviolet light in comparison to aromatic compounds. However, aliphatic compounds are costly, thereby boosting the demand of aromatic compounds.

Make Inquiry about Report: https://www.crystalmarketresearch.com/send-an-enquiry/CM09233

The global market was dominated by coatings that registered for more than 65 percent of the global volume in 2014 and the trend is said to remain constant over the forecast period. Coatings are useful in healthcare, automotive and construction sectors as it provides properties like abrasion resistance, corrosion protection, structural enhancement and waterproofing. In 2014 the requirement for lining products that were polyurea-based was 23.2 kilo tons. They are widely utilized in landfills and waterproofing systems owing to their high resistance towards chemicals and quick drying finishes. Rising significance of waterproofing membranes in the construction sector owing to its sling properties is anticipated to have a positive influence on the growth of this market.
The regional market of North America registered for 39.8 percent of the total volume in 2014. Enhancement in the infrastructure in the United States owing to rising number of residential structures is anticipated to boost the utilization of the polymer as adhesives and coatings. Asia Pacific is anticipated to encounter significant growth owing to confident outlook towards the construction sector in countries like India and China on account of growing expenditure for urban development. The major industries in the global Polyurea market are Nukote Coating Systems International, Specialty Products, Inc. (SPI), LineX Protective Coatings, BASF, SWD Polyurethane, PPG Industries and VersaFlex Inc. Nukote Coating Systems inaugurated manufacturing at its new facility based in Dammam, Saudi Arabia in May, 2011.

The global Polyurea market is segmented as follows-
By Product
Coating
Lining
Sealants
By Raw Material
Aliphatic
Aromatic
By Application
Industrial
Building & Construction
Landscape
Transportation
Other Applications

Get Customized Report for your region: https://www.crystalmarketresearch.com/customization/CM09233


About Crystal Market Research:

Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

Contact Us:

Judy
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: [email protected]
Blog: blog.crystalmarketresearch.com
Website: www.crystalmarketresearch.com