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Global Polyurea market is expected to witness lucrative growth from 2020 to 2026

Author : Ravi Chawat | Published Date : 2021-02-09 

Fueled by high demand from transportation, industrial, building, construction, oil & gas and other industries, the global polyurea market is expected to witness lucrative growth in the coming years. Polyurea is basically elastomer/coating that has exception physical properties. It is derived through a reaction between a resin blend component as well as an isocyanate component. Due to its excellent film belongings and precise curing profile, the chemical substance is likely to witness decent demand from diverse industries.

Polyurea-based coatings compose of significant application properties which include fast cure at temperatures below 0°C and insensitivity to humidity. They also possess excellent physical characteristics including chemical and water resistance, constant flexibility, hardness, tear & tensile strength, high bond strength and abrasion.

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Successful polyurea coatings are dependent on four basic factors which are primer selection and polyurea formulation, an appropriate preparation of surface area, trained application teams and professional equipment. With proper application of these parameters, the exceptional benefits of the polyurea systems can be obtained correctly.

The overall polyurea market is bifurcated into transportation, construction, industrial and others in terms of application. The polyurea is used for hull linings and soundproofing hold in the maritime industry. It is also used in loudspeaker coatings, on sports surfaces, bulletproof glass, aquarium insulation, armoring and foundation insulation. The polyurea spray coating technology has incredible application room across multiple markets which include food processing and manufacturing, mining, and civil infrastructure.

According to Global Market Insights, the North America polyurea market is expected to witness a growth of around 4% by 2026, mostly driven by rising oil & gas exploration activities across the region. Led by U.S, the market in North America has been witnessing steady growth in oil production and exploration activities. This is due to the presence of vast oil and natural gas reserves in the region. For instance, both U.S. and Canada have explored large reserves of oil & gas that have allowed them to foray into the list of some of the world's top oil producing regions. Reports indicate that in 2018, oil production in U.S. was around 12.04 million barrels per day, with unsophisticated natural gas extractions accomplishing 108.56 Bcf/d.

On the other hand, polyurea market across Latin America currently embraces share of over 6.4% due to evolution in automobile sales in Mexico and Brazil. Strong presence of automotive manufacturing base is expected to propel the market growth in Mexico. The country has been constantly functioning to build a strong automotive manufacturing ecosystem.

Get More News:

https://www.globenewswire.com/news-release/2016/10/18/880265/0/en/Specialty-Chemicals-Market-size-worth-1-273-billion-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2019/09/25/1920409/0/en/Potassium-Tetrafluoroborate-Market-to-hit-USD-340-Mn-by-2025-Global-Market-Insights-Inc.html

https://www.worldofchemicals.com/media/enhanced-oil-recovery-is-key-driver-for-oilfield-surfactants-consumption/5373.html

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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