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Grand View Research, Inc. – Market Research And Consulting.

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.

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 Full Research Report On Polyurea Market Analysis: www.grandviewresearch.com/industry-analysis/polyurea-market

U.S. polyurea market volume, by application, 2012 – 2022 (Kilo Tons)

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.

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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.

For more information: www.grandviewresearch.com

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