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Global Polyurea Market Insight December 29, 2021 Comments

The polyurea is forecast to keep on increasing over the next four years. According to the World Knowledge Information (WKI) “Global Polyurea Professional Survey Report 2021, Forecast to 2026”, Strict government regulations aimed at reducing volatile compound emissions from the construction industry are encouraging end users to purchase polyurea linings, which in turn is expected to promote the growth of the global market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.89% base on WKI regression analysis model.

Analysts’ Viewpoint:

“Some governments have issued relevant prohibitions on the environmental impact of volatile organic compounds (VOC) and promote the increase in demand for polyurea products. Industry participants in the wait-and-see period can increase investment, and leading enterprises can consider mergers and acquisitions to stabilize their dominant position.” said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.

Market insight:

Polyurea products are widely purchased by end users because they are environmentally friendly and meet the specifications set by the authorities monitoring the environmental impact of volatile organic compounds (VOC). In addition, the promotion of urbanization has led to the continuous expansion of its application scope in the transportation and construction industries. Polyurea solutions are commonly used in the construction and automotive industries to repair tunnels and bridges, build highways and roads, and as vehicle coatings. The rapid growth of infrastructure expenditure and the emphasis on improving public transport, subway construction and urbanization have created favorable conditions for the growth of polyurea market.

However, participants in the polyurea industry should pay attention to some other issues. For example, fluctuations in the price of polyurea raw materials are expected to hinder the growth of the studied market.

Competition Landscape:

The main market participants operating in the global polyurea market are BAYER AG, Specialty Products Inc., VersaFlex Inc, Nukote Coating Systems and International, BASF, SWD Urethane, Huntsman Corporation, Alberts Spray Solutions, W.R. Grace & Co. ,PPG and others.

Segmentation of Polyurea Market:

According to the type of raw materials, the polyurea market can be divided into aromatic polyurea and aliphatic polyurea. Among them, the aromatic polyurea segment occupies the leading position in the market. Aromatic polyurea is widely used in paints and coatings because of its relatively fast curing speed and insensitive to water. In addition, it is cost-effective, wear-resistant, and has excellent adhesion to concrete and metal structures, which promotes the demand for polyurea in construction and construction applications and promotes the development of the overall polyurea market. According to the application, the polyurea market can be divided into construction, industry, transportation and others. Polyurea solutions are widely used in industrial end uses such as safety pool coatings and industrial bridging. This factor is expected to support the growth of this segment during the forecast period. Polyurea coatings and sealing solutions have proven to be profitable alternatives to incompatible materials such as lead. Polyurea has unique properties such as high tensile strength and elongation, making it more suitable for crack sealing applications. In addition, it also has low curing and curing time, which makes the product suitable for wire stripping and pavement marking, driving the demand of the global polyurea market.

Polyurea Market: Regional Analysis

In terms of geography, the global polyurea market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region currently dominates the polyurea market and is expected to continue to maintain its leading position in the forecast period. The growing demand for polyurea, as well as the growing population and construction activities in developing countries such as China and India, are expected to drive the demand for polyurea in the region. In addition, European authorities have approved the use of polyurea house mask as a waterproof application because they have flexibility, resistance and ecological characteristics. The growing demand in Europe has stimulated the growth of polyurea market and promoted the overall development of global polyurea market.

 

Cagr: 0.29%
Largest share area:Asia-Pacific
Largest share country:China