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Polyurea Market Share

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

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Polyurea Market Share

Polyurea market is a fragmented market, owing to the presence of large number of small and medium-sized companies operating in the market. Some of the key manufacturers operating in the global market are

BAYER AG
Specialty Products Inc.
VersaFlex Inc
Nukote Coating Systems
International
BASF
SWD Urethane
Huntsman Corporation
Alberts Spray Solutions
W.R. Grace & Co.
PPG

The key players in the polyurea industry are engaged in offering new products and are entering into partnerships, mergers and acquisition activities, in order to strengthen their market position For Instance, In November 2018, Speciality Products Incorporation launched its latest product named AQUASEAL Hi Rise X3 AP. During spray application process this product enlarge 300% approx. of its original volume.

Apart from this when it put on the porous surfaces including concrete masonry (CMU), wood or vertically poured concrete it virtually eliminates blowholes and pinholes and bridges substrate imperfections.

Other market participants are showing keen interest in the market, owing to numerous applications and end-uses in construction, transportation, automotive and other industrial domains.

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.