Asia-Pacific Polyurethane Injections Market - Segmented by End-Use, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The Asia-Pacific polyurethane injections market is expected to witness a CAGR of more than 6.4%, during the forecast period, 2018 - 2023. Australia and New Zealand dominated the Asia-Pacific polyurethane injections market in 2017.
Better Performance Characteristics and Sustainability of Polymeric Repair Systems to Drive the Market
The subdued economic forecasts in many countries make it imperative to use cost efficient materials in both the commercial and civil construction sectors. Repair systems have been proven a much cost-effective method for repair, restore, and rehabilitate concrete structures when compared to traditional practices with mechanical or cementitious materials. Besides the economic value, this system also contributes to a building’s sustainability rating. Polymeric repair systems reduce the amount of new concrete needed through repair and facilitating restoration versus rebuild, and replacing traditionally used cementitious materials in construction. Growing environmental consciousness and the encouragement provided by the governments of various states for sustainable construction, is making people to look towards sustainable ways of construction. This is driving the polyurethane injections market.
Infrastructure Repair – The Dominating End-Use Segment
By end-user, infrastructure repair dominated the Asia-Pacific polyurethane injections market in 2017.
Polyurethane Injections are mainly used to fill crack and joints for preventing water infiltration. These injections are also used to strengthen foundation, to raise, re-level, and re-support residential, commercial, and industrial buildings: houses, home units, factories, and warehouses. These are applied in bridges to increase the bearing capacity of the ground to stabilize them. Buildings are the largest segment in the infrastructure sector and are expected to dominate the market for next five years. The growing demand for repair construction works is expected to drive this market.
Australia and New Zealand – the Largest Market amongst Countries
The Australian and New Zealand polyurethane injections market accounts for the highest share in the Asia-Pacific region. It is due to availability of skilled labor and the predominant repair construction sector in the region. Furthermore, with the growing urbanization in the region, government’s spending on infrastructure is expected to increase. This is thus, expected to drive the polyurethane injections market in the country.
Major Players: Sika AG, BASF SE, Huntsman Corporation, and Lafarge SA, amongst others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand, which end-use is dominating the market
Information about the countries, which are expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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