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Polyurea Market Analysis

  • Report ID: GMI163
  • Published Date: Jul 2020
  • Report Format: PDF

Polyurea Market Analysis

Industrial application is expected to reach over USD 600 million by 2026. Polyurea solutions find common applications in industrial end-uses like safety-pool coating and industrial bridging. This factor is projected to support market growth during the forecast period. The polyurea coating and sealing solutions have turned out to be lucrative alternatives to incompatible materials like lead. Polyurea has unique characteristics such as high tensile strength and elongation property, which makes it preferable for crack sealing applications. Moreover, it also has low setting and curing duration, which makes the product suitable for line stripping and pavement marking, fuelling the polyurea market demand across the globe.
 

Environmental sustainability, water resistance, and flexibility are the key performance metrics for polyurea. Thus, it is very commonly preferred by landscape architects for reinforcement applications in geotextile industry. Hence, it increases shelf life and lowers maintenance cost. Additionally, it is also used in arts and entertainment industry to ensure provision of stable surfaces for art objects, artificial landscape and stage props on the sets.
 

Polyurea Market from Aromatic Polyurea Segment

Among all the polyurea raw materials, the aromatic polyurea segment is estimated to reach over USD 1 billion by 2026. Aromatic polyurea is witnessing a wider adoption for paint and coating applications as it is relatively fast curing and insensitive to moisture. Additionally, it is cost effective, abrasion resistant, and has excellent adhesive properties towards concrete and metal structures, driving the polyurea market sales from building & construction applications.
 

Polyurea Market by Region

Europe is expected to reach over USD 500 million by 2026. Rising emphasis on environmental protection in construction and manufacturing industries is projected to boost demand. Increasing construction spending in Europe is driving the polyurea market growth. European authorities have sanctioned the use of polyurea roofing membranes for waterproofing applicatons owing to their flexibility, resistive and ecological propoerties.
 

Other key properties include longer shelf life and enhanced elongation, which is approximately 50 times of epoxy. This imparts pure polyurea with excellent crack resistive properties that make it attractive for infrastructural end-uses. Pure polyurea also plays a major role in preventing growth of microbes in wall cavities which in turn facilitates easy maintenance. This characteristic makes it suitable for use as single surface coating between the walls and floors.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Polyurea Market is forecast to exhibit a CAGR of 6% through 2020

Polyurea Market recorded a valuation of USD 1 Billion in 2020

The product will gain prominence in Europe, driven by the increasing concerns regarding environmental protection in manufacturing and construction sectors. Europe market may hit USD 500 million by 2026.

Aromatic polyurea industry may cross USD 1 billion by 2026, since the product is majorly adopted in paints and coatings sector and is also insensitive to moisture and relatively fast curing.

Industrial application may gain precedence and hit USD 600 million by 2026, owing to the fact that polyurea solutions mainly find deployment in end-uses such as industrial bridging and safety-pool coating.

The fact that this product is eco-friendly and adheres to the norms enforced by authorities governing VOC effects on environment, makes it suitable for numerous applications, leading to hefty demand.

The pandemic has led to governments imposing travel bans and production shutdowns, resulting in value chain disruptions worldwide, affecting raw material supply, and adversely impacting polyurea demand.

Polyurea Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 10
  • Tables & Figures: 232
  • Countries covered: 20
  • Pages: 200
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