+1-888-308-5802     
News Contact Us

Polyurea Market to accrue lucrative gains over the forecast timeframe

Author : Rahul Varpe | Published Date : 2019-12-04 

Global Market Insights, Inc. has added a new report on Polyurea Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Growth is primarily driven by the developing application segments such as construction and industrial uses. Infrastructural developments such as residential and commercial buildings, roads, bridges, parking lots, etc. will bolster the global polyurea market in the forecast timespan. China, U.S., India, and Japan construction market is expected to account for close to half of the overall USD 8 trillion construction market by 2030. Construction spending in Asia Pacific due to high number of government and non-government projects and its rising trend will drive the polyurea market size in the upcoming years.

Request for a sample copy of this report @    https://www.gminsights.com/request-sample/detail/163

As reported in a new study by Global Market Insights, Inc. Polyurea market size could be in excess of USD 1.5 billion by 2022.

Inherent inertness of the product to several chemicals and fluids promote its application in the industries where it can be installed in less than 24 hours because of its rapid curing property. It finds extensive application in lining the storage and containment tanks for oil &gas, radioactive materials, food &beverages, etc. Industrial applications generated around USD 300 million for 2014.

Another important driving factor for the global polyurea market will be the superior quality in comparison to epoxy coating. Higher durability and flexibility along with UV stability, high tensile strength, impact resistance, chemical and oil resistance, faster curing time, and easy application techniques gives the product an upper hand in the coating industry, and will boost global polyurea market up to 2022. The product is also environmentally safe, owing to its lower volatile organic compound (VOC) content. Polyurea coating provides good aesthetic quality to the floors, walls, and other surfaces by giving a glossy finishing and it will influence the global industry positively.

 Rapidly flourishing industrial environment and growing automotive industry of Asia Pacific will also support the overall polyurea market growth in the next few years. Industrial applications include waterproofing and corrosion resistance of pipelines, providing chemical and impact resistance to tanks and reservoirs, machineries, etc.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/163

Polyurea coating is the leading product segment, with over USD 600 million in sales. These coatings find extensive application in the construction industry for waterproofing of rooftops, walls, and floors.

Polyurea applications have been segmented into construction, industrial, transportation, and others. Construction segment is the most significant application segment and had a volume share of over 40% of the global polyurea market size and generated more than USD 400 million.

 Asia Pacific leads the global market based on increasing constructional activities and rapid industrialization. Global shift of the manufacturing sector towards Asia Pacific is expected to boost the global polyurea market, which generated over USD 350 million in the region. It will also be the fastest growing region, with the CAGR forecast to be around 7% up to 2022.

Partial Chapter of the Table of Content:

Chapter 4    Polyurea Raw Material Insights

4.1    Polyurea market volume share by raw material, 2014 & 2022

4.2    Aromatic Polyurea

4.3    Aliphatic Polyurea

Chapter 5    Polyurea Product Insights

5.1    Polyurea market volume share by product, 2014 & 2022

5.2    Coating

5.3    Lining

5.4    Sealant

Chapter 6    Polyurea Application Insights

6.1    Polyurea market share by application, 2014 & 2022

6.2    Construction

6.3    Industrial

6.4    Transportation

6.5    Others

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/polyurea-market

Key market players include BASF SE, PPG Industries, Specialty Products Inc., Bayer (Covestro), and Huntsman Corp.

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Air Compressor Market is anticipated to generate significant revenues by 2024

Published Date: 2019-12-10         Author: Rahul Varpe

Global Market Insights presents an extensive report on Air Compressor Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine... Read More

Polymer Concrete Market Trends and Growth Study Report over 2019 - 2025

Published Date: 2019-12-10         Author: Rahul Varpe

Global Market Insights presents an extensive report on Polymer Concrete Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determi... Read More

Agriculture Equipment Market 2019 – 2024 | Demand Analysis by Regional Players

Published Date: 2019-12-10         Author: Rahul Varpe

Global Market Insights presents an extensive report on Agriculture Equipment Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help de... Read More

© 2019 Fractovia. All Rights Reserved