Polyurea Market Expected to Enhance $936.7 Million By 2022: Grand View Research Inc.

March 07 17:44 2019

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing importance of spray-based elastomeric coatings in automotive and construction industries on account of providing fast cure time is expected to remain a favorable factor for growth of polyurea market.

According to a report,“Polyurea Market Analysis By Raw Material (Aromatic, Aliphatic), By Product (Coating, Lining, Adhesives &Sealants), By Application (Construction, Industrial, Transportation) And Segment Forecasts To 2022”, published by Grand View Research, Inc., the global polyurea market is expected to reach USD 936.7 million by 2022. Increasing importance of spray-based elastomeric coatings in automotive and construction industries on account of providing fast cure time is expected to remain a favorable factor for growth. In addition, rising importance of waterproofing membrane in civil construction and residential structures is expected to increase the use of sealing materials and thus likely to fuel demand.

Key Takeaways from the report:

  • Global polyurea market was 114.3 kilo tons in 2014 and is expected to reach over 150 kilo tons by 2022. Enhanced material characteristics and increasing awareness pertaining to its application are expected to drive global polyurea market growth over the forecast period.

  • Aliphatic compounds are capable of providing light stability along with exceptional UV protection. Manufacturers use aliphatic compounds such as isophorone diisocyanate (IPDI) and hexamethylene diisocyanate (HDI) for the production of finished products used as coatings, sealants and lining materials. The global aliphatic demand is expected to exceed 45 kilo tons by 2022.

  • Global polyurea based adhesives & sealants market was 11.3 kilo tons in 2014. Growing application of adhesive as a substitute to metal fastener in automobiles for reducing the overall car weight to improve fuel efficiency is expected to play a crucial role in accelerating market growth.

  • U.S. coatings market is expected to witness growth at a CAGR of 4.6% from 2015 to 2022, in terms of revenue. Gains in automotive industry of the U.S. on account of increasing domestic consumption of four-wheelers, particularly SUVs is expected to promote the application of coatings and thus likely to augment growth.

  • Asia Pacific polyureamarket was valued at USD 157.1 million in 2014. Improvement in construction industry of China and India on account of rising government spending towards infrastructure improvement as a part of 12thFive Year Plan is expected to fuel demand.

  • Major market players include BASF, Bayer, Huntsman, Versaflex, Specialty Products, Inc., Nukote and SWD Urethane. The market is characterized by new product development and establishment of strategic partnerships with buyers. In addition, positive outlook towards automotive and construction industries in emerging economies including China and India is expected to force manufacturers to establish strategic business units in vicinity.

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

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

Browse More Reports in Plastics, Polymers & Resins Industry:

  • Medical Tubing MarketGrowing applications of medical tubing in various medical devices, such as catheters, disposable medical equipment, and diagnostic equipment, are expected to drive the market demand over the coming years.
  • Flexible Plastic Packaging MarketSurging demand for flexible plastics in pharmaceutical packaging, owing to increasing health awareness among consumers and burgeoning popularity of convenient packaging, is one of the key trends stimulating market growth.

Growth of the automotive industry in China, India and Mexico in light of new product launches along with easy access of raw materials is expected to fuel the demand for polyurea coatings. These coatings exhibit good rust prevention and excellent build-crack resistance. Increasing demand for eco-friendly coatings in automotive industry on account of rising concerns over greenhouse gas emissions is expected to drive growth. Demand for the polymer in transportation applications is anticipated to be 28.6 kilo tons by 2022.

Grand View Research has segmented the global polyurea market by raw material, product, application and region:

Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Aromatic

  • Aliphatic

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Coating

  • Lining

  • Adhesives & Sealants

  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Construction

  • Industrial

  • Transportation

  • Others

  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • North America

    • U.S.

  • Europe

    • Germany

  • Latin America

    • Brazil

  • Asia Pacific

    • China

  • MEA

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/polyurea-market