Global Polyurea Market 2017-2021
Polyurea is a type of an elastomer, obtained by the reaction of an isocyanate with an amine. The isocyanate used can be either aliphatic or aromatic. Polyurea coatings are formed by the reaction between amine-terminated resins and methylene diphenyl diisocyanate or hexamethylene diisocyanate. The polyurea market in the report has been segmented based on product type, application, and geography. The increasing demand from the construction industry is expected to boost the market.
Technavio’s analysts forecast the global polyurea market to grow at a CAGR of 6.53% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyurea market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyurea Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyurea market: BASF, Covestro, Huntsman, PPG Industries, and The Sherwin-Williams.
Other Prominent Vendors in the market are: Advanced Polymer Solutions, APV Engineered Coatings, Convertec, Dinsmore Welding & Fabrication, Geoliz Waterproofers, Hutchinson Manufacturing, NATIONWIDE PROTECTIVE COATING, Paramount Metal Finishing, POLYCOAT PRODUCTS, Quaker Chemical, Rhino Linings, Scorpion Protection Coatings, Wilko Retail, and VersaFlex.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand from the construction industry. The growth of the polyurea market is expected to shoot up in the forecast period because of the increasing demand for polyurea from the building and construction markets. In addition, the industrial developments are expected to propel the growth of the polyurea market.”
According to the report, one driver in the market is rapid industrialization. The polyurea market is expected to grow over the forecast period owing to the rapid industrialization and growing investments in emerging countries due to cheap labor. The increase in industrialization has increased the emission of gases causing harm to the environment, leading to the wear and tear of surfaces. This challenge has been overcome by the increase in the demand for highly durable products. Polyurea products with improved performance properties and no VOCs have an advantage over other products that are made of epoxy, polyester, and polyurethanes.
Further, the report states that one challenge in the market is application challenges in the Arctic region. The low temperatures and snow points enable the application of polyurea products in Arctic regions. Due to the problems of dew, the substrates that are coated with polyurea do not exhibit a smooth finishing. The difference in temperature in night and day is another factor that has a negative impact on the application process and performance properties of polyurea products. There are high chances of developing cracks because of low temperature, resulting in the increase in the movement of liquids.
BASF, Covestro, Huntsman, PPG Industries, and The Sherwin-Williams, Advanced Polymer Solutions, APV Engineered Coatings, Convertec, Dinsmore Welding & Fabrication, Geoliz Waterproofers, Hutchinson Manufacturing, NATIONWIDE PROTECTIVE COATING, Paramount Metal Finishing, POLYCOAT PRODUCTS, Quaker Chemical, Rhino Linings, Scorpion Protection Coatings, Wilko Retail, and VersaFlex.
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