The global Polyurea Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.
Global Polyurea Market is available in three product variants which includes sealants, coatings, and linings. Global polyurea coatings market size was more than USD 600 million in 2014 and is expected to flourish at a CAGR beyond 6.5% up to 2022. It is increasingly gaining advantage over epoxy coatings, paints, fiberglass, and vinyl esters because of its superior performance qualities.
Mushrooming construction industry owing to infrastructural developments and real estate investments across the globe, particularly in Asia Pacific, is likely to drive the polyurea market size in the forecast timeframe. These coatings are increasingly used to provide a protective coating on roofs, external walls, floors, bridge decks, etc. due to their property of outlasting paints and preventing corrosion
Reasons to Buy This Report:
1. Polyurea Market size & share forecast by product & application 2015-2022
2. Growth drivers, pitfalls & industry challenges
3. Key Polyurea Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The differentiating factor of Polyurea Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.
They make strong bonds with concrete and provide good resistance against cracking as well as chemicals, oils, and moisture. With urban population crossing 730 million, the sale of commercial and residential buildings in China crossed USD 2 trillion in 2013. By 2025, China is estimated to have 221 cities with population above 1 million and up to 15 cities with more than 25 million inhabitants.
Japan and India followed China with construction revenue over USD 700 billion and USD 400 billion respectively. This trend coupled with the GDP growth of all emerging nations of Asia Pacific will catalyze the polyurea market in the upcoming years.
Among other driving factors, rapid industrialization throughout the world is expected to have a beneficial influence on the polyurea market. Growing demand for linings to provide waterproofing and corrosion resistance in metallic pipelines, chemical tanks, fuel containments, etc. will boost consumption. Increased usage in landscape designing, architectural designs, water parks, etc. will also have a positive impact on the global polyurea market.
Lack of standardization, coupled with less product variance and marketing are expected to have negative effects on polyurea industry. According to the Polyurea Development Association (PDA), effective regulations against selling poor hybrids will resolve this problem and will support the global polyurea market.
Asia Pacific had the maximum polyurea market share with more than 35% of the total size, recording a revenue over USD 350 million in 2014. The region is also expected to witness the fastest growth over the forecast timespan at close to 7.0% CAGR. This growth is on the account of increasing awareness about protective coatings in automotive and industrial applications in China and India. Rising construction industry in East and South East Asia will also have a positive effect on the global polyurea market share.
North America, led by the U.S. polyurea market, accounted for over a fifth of the global revenue, registering more than USD 200 million in 2014. U.S. construction industry witnessed a notable growth after the economic slowdown and is expected to drive the industry in the upcoming years. The ongoing shale gas exploration has also provided an opportune moment for the market to flourish, owing to the application in railcar lining, pipeline construction,
A considerable number of domestic and multinational players have participated in the polyurea market and are proceeding towards consolidation through strategic M&A activities. Some of the polyurea industry participants include Huntsman Corp, Bayer (Covestro), Specialty Products Inc., PPG Industries, and BASF SE.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.