Global Polyurea Market Overview :
Global Polyurea market is estimated to reach $1.04 Billion by 2025; growing at a CAGR of 4.5% till 2025. Polyurea is a synthetic polymer attained from the reaction of a diamine and diisocyanate. It is the newest advancement in coating technology, and its extreme durability makes it stronger than other coatings. Based on chemical structure, it is categorized as aliphatic and aromatic. It is used for applications such as water-proofing, and corrosion-protection on steel, & concrete. Moreover, it plays an important role in aesthetic aspects. It is chemical resistance to salt, fuel, oil and other harsh chemical. It is extremely flexible, not harmed by UV rays, and it is able to handle foot traffic only after the installation of four to eight hours.
Global Polyurea Market: Growth Factors
The escalation in the construction industry is the major factor fueling the growth of the market. Polyurea is used for various applications in the construction industry such as waterproofing, and coating. Moreover, polyurea is used for drinking water tank coating, and sealing inside & outside as well as industrial food areas, as it is approved by U.S FDA and USDA for food contact. However, its application process requires skilled labor because it involves high health risk, which might hinder the market growth. Advancement in coating technology is expected to fuel market in the coming years.
Global Polyurea Market: Segmentation
The global polyurea market is primarily classified based on raw material, product, and application. Based on raw material, it is categorized as aromatic and aliphatic. Based on product, the market is divided into the coating, lining, adhesives & sealants, and others. Based on application, the market is classified as, construction, industrial, transportation and others
Global Polyurea Market: Regional Analysis
Based on geography, the global polyurea market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided as U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is divided into South America, the Middle East, and Africa
Global Polyurea Market: Competitive Players
Key players operating in the market include Huntsman Corporation, Bayer AG, BASF SE, Nukote Coating Systems International, Specialty Products, Inc., Versa Flex, Inc., Alberts Spray Solutions, LLC, SWD Urethane, PPG, W.R. Grace & Co., LINE-X Protective Coatings, and Dow Chemical.
Polyurea Market Key Segments:
By Raw Material
- Adhesives & Sealants
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Huntsman Corporation
- Bayer AG
- BASF SE
- Nukote Coating Systems International
- Specialty Products, Inc.
- Versa Flex, Inc.
- Alberts Spray Solutions, LLC
- SWD Urethane
- W.R. Grace & Co.
- LINE-X Protective Coatings
- Dow chemical
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market