Polyurea market Manufacturing Cost and Raw Materials Analysis from [2014 - 2020]

San Francisco, 31 December 2018 –  “Polyurea Market Analysis By Raw Material (Aromatic, Aliphatic), By Product (Coating, Lining, Adhesives &Sealants), By Application (Construction, Industrial, Transportation) And Segment Forecasts To 2022”

According to a report published by Grand View Research, Inc.; the global polyurea market is anticipated to accomplish a valuation of around USD 936.7 million by 2022. Growing application of adhesives and sealants as a bonding agent in industries such construction and automotive can propel the market over the forecast period (2012 to 2022). Increasing prominence of spray-based elastomeric coatings to enable fast curing is driving demand in these industries. Growing need for waterproof membrane in construction is also expected to boost the demand for sealant materials, thereby drive the product demand.

Greater material characteristics of polyurea along with increasing awareness about its application is also expected to drive the market growth. The product is mixed in adhesive and sealant formulation to provide adhesion to clean substrates such as concrete, wood, blasted steel, and bitumen. These coatings offer build-crack resistance and rust prevention. Growing need for eco-friendly coatings owing to concerns about green gas emissions is also projected to boost the product demand in the coming years. However, availability of low-cost coating alternatives such as polyurethane and epoxy can hamper the market growth to an extent.

Polyurea market

Furthermore, rise in budget for implementation of lining systems for environment protection practices such as landfill control due to presence of strength regulatory policies to reduce pollution level can have positive influence on the market. On other hand, practice of polyolefin-based lining systems such as high-density polyethylene (HDPE) and low-density polyethylene (LDPE) in construction and mining sectors across the world is likely to act as threat.

Browse Research Report On Polyurea market:
www.grandviewresearch.com/industry-analysis/polyurea-market

Worldwide polyurea market can be segmented on the basis of material, product, application, and region.

Based on material, the market can be classified into aromatic and aliphatic. The aromatic segment estimated for over 65% of the overall volume size in 2014.  These compounds are used in wide range of applications due to their easy process capability and better physical properties. However, the global aliphatic demand is likely to surpass 45 kilo tons by 2022. These compounds hold the ability to provide light stability as well as UV protection.

As per product, the market can be categorized into lining, coating, adhesives and sealants, and others.
The coatings segment was the largest segment in 2014 and estimated for over 65% of total volume. The trend is expected to continue over the forecast period. In terms of revenue, the adhesives and sealants are poised to rise at a CAGR of 4.2% during 2015 to 2022.

Based on application, the market can be bifurcated into construction, industrial, transportation, and others. In 2014, the construction segment was the leading segment and captured over 40% of total volume size. Properties such as high reactivity and relative moisture insensitivity of the product are anticipated to encourage its utilization in tank liners, manhole and tunnels, and secondary containment structures. On other hand, in terms of volume, the transportation sector is projected to expand at a CAGR of 4.0% from 2015 to 2022.

Geographically, the market can be divided into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. North America managed to capture 39.8% of the total volume in 2014. Strong base of automotive manufacturing in the U.S. and Mexico is considered as the crucial factor driving growth in this region. In addition, infrastructure development in the U.S. such as increasing demand for residential structures is anticipated to boost the product demand in adhesives and coatings.  In terms of revenue, the U.S. coatings market is likely to expand at a CAGR of 4.6% during 2015 to 2022. Growth of automotive industry due to increasing demand for four-wheelers, specially SUVs is likely to increase the use of the product in coating application.

Asia-Pacific is projected exhibit important volume growth at a CAGR of 5.9% during 2015 to 2022. This can be attributed to growth of construction industry in countries including India and China. Growing budget for urban development and presence of supportive home loan policies in these countries have also encourage the construction activities. In 2014, the regional market was valued at USD 157.1 million.

Prominent companies operating in the polyurea market include Specialty Products, Inc.; Huntsman; BASF; Versaflex; and Bayer.

View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global polyurea market by raw material, product, application and region:

Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Aromatic
  • Aliphatic
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Coating
  • Lining
  • Adhesives & Sealants
  • Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Construction
  • Industrial
  • Transportation
  • Others
  • Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • North America
    • U.S.
  • Europe
    • Germany
  • Latin America
    • Brazil
  • Asia Pacific
    • China
  • MEA

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Matcha Market Is Anticipated to Attain Around $5.07 Billion By 2025

Image
San Francisco, 29 April 2019 – “ Matcha Market Analysis By Grade (Ceremonial, Classic, Culinary), By Application (Regular Tea, Matcha Beverages, Food, Personal Care), By Region, And Segment Forecasts, [2018 - 2025] ” The global matcha market is expected to reach USD 5.07 billion by 2025, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases has augmented the demand for healthy and nutrient-rich food & beverage alternatives. Anti-oxidant and vitamin-rich composition of matcha tea has fueled the product demand across the globe. Anti-oxidants, including epigallocatechin gallate (EGCG), prevent diseases such as cancer, Type-2 diabetes, cardiovascular problems. EGCG present in the product can repair DNA damage caused by UV radiation and controls the proliferation of cancerous cells. The product also has the potential to reduce stress and promotes a state of relaxation. L-theanine present in the product acts in a synergistic way to activa...
Read more

Levulinic acid Market Strategy, Distributors & Manufacturing Cost Analysis Till 2020

Image
Global  levulinic acid market  demand was 2,606.2 tons in 2013 and is projected to be 3,820 tons by 2020. The increasing application of levulinic acid, especially in pesticides, solvents, pharmaceuticals, and cosmetics industries are anticipated to boost growth in the coming years. Over the past few years, the chemical industry has continually been striving towards attaining a sustainable growth, with a focus on the development of renewable biotechnological and bio-based products. The production technology for bio-based levulinic acid has been simplified by dehydration of biomass or carbohydrates with acid. Levulinic acid is being increasingly used as a substitute to its synthetic counterparts in industrial usage. Levulinic acid market volume share by application, 2013 The global levulinic acid market is anticipated to reach USD 19.65 million revenue, with a growing CAGR of 4.8% by 2020. Increasing usage of the acid in niche applications including plastics, nyl...
Read more

Endoscopy Devices Market Chances To Reach $17.19 Billion By 2025

Image
  The global  endoscopes market  size is expected to reach USD 17.19 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.8% during the forecast period. Growing global geriatric population, high prevalence of gastrointestinal diseases, and rising technological advancements are the key factors contributing to market growth. Rising preference for minimally invasive surgeries (MIS) is also positively influencing the growth of the market. Endoscopy surgeries are performed for diagnosis as well as treatment of gastrointestinal, gynecological, neurological, and cardiovascular diseases. Emergence of minimally invasive alternatives to open surgeries such as laparoscopy, hysteroscopy, and colonoscopy is boosting the demand for endoscopes. Preference of MIS is increasing owing to smaller incision, reduction in postoperative complications & mortality, and lesser trauma. Furthermore, they are economically viable alternatives to...
Read more