Polyurea market size to exceed $1.59 bn by 2022

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Polyurea market size to exceed 1.59 bn by 2022
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Global Market Scenario of Polyurea market

• Polyurea market size is anticipated to reach USD
  1.59 billion by 2022, as per a new research
  report by Global Market Insights, Inc. Increasing
  scope in infrastructure applications such as
  concrete and steel bridges is likely to drive the
  demand. Growing importance of industrial coatings
  owing to factors such as flexibility, water proof
  and low maintenance costs is anticipated to drive
  market.
• Asia Pacific, with China and India polyurea
  market size dominating regional consumption,
  accounted for 37.4 of global total volume in
  2014. Growing importance of protective coatings
  for automobile industrial applications coupled
  with increased spending in construction sector in
  countries such as India, China and Indonesia is
  likely to drive demand.
• Europe polyurea market share is likely to grow at
  moderate rate of 4.4 up to 2022. Increasing
  preference over substitutes such as PU
  (polyurethane) and epoxy owing to its superior
  advantages over these products is likely to drive
  demand.

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Continue.....

• Global polyurea market size was estimated 171.4
  kilo tons in 2014 and may register 249.6 kilo
  tons by 2022 growing with an estimated CAGR of
  4.8 from 2015 to 2022. 
• Aromatics such as MDI and aromatic
  polyoxypropylene amines dominated the raw
  material segment. It accounted for 76.9 of the
  total polyurea market share in 2014 and are
  likely to witness highest gains.
• Aliphatic polyurea is likely to grow at an
  estimated CAGR of 5.7 up to 2022. 
• Construction applications were dominant and
  accounted for 42.8 of the total volume in 2014.
  Industrial applications were the second largest
  and are likely to witness highest growth rates
  with an estimated CAGR of 5.2. These flooring
  systems are ideal for use in industries such as
  nuclear power, food beverages and oil gas
  owing to the resistance provided from industrial
  chemicals liquids.

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Europe polyurea market size, by raw material,
2012-2022 (KiloTons)
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360 Analysis

• Raw Material Analysis
• Aromatic polyurea market size was dominant with
  revenue generation estimated at over USD 700
  million in 2014 and is also likely to witness
  highest growth rates up to 2022. The market uses
  aromatic 2-K systems based on methylene
  di-isocyanate (MDI) prepolymers, aromatic amine
  and polyoxypropylene amines. 
• Product Analysis
• Polyurea coating market dominated consumption
  with a revenue generation exceeding USD 600
  million in 2014. It offers numerous advantages
  over conventional materials such as fiberglass,
  epoxy, paint and vinyl esters. Also, it provides
  added benefits such as resistance to extreme
  temperature variations, fast setting time, and
  high elongation and high tensile strength. 
• Application Analysis
• Construction applications led demand with
  market valuation of over USD 400 million in 2014.
  It serves as a joint-filling, sealing and
  caulking material which is applied in building
  joints, control joints and expansion joints in
  doors panels, perimeter joints and masonry
  floors. Additionally, its coatings provide a
  moisture-resistant watertight seal for roofs,
  joints and building foundations.

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