Title: Polyurea Market to observe maximum growth over 2015-2022.
1Polyurea Market Price, Trends, Industry Outlook
Forecast 2015-2022
2Global Market Scenario of Polyurea Industry
- 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. - 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.
3 Continue
- 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. - 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 - 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. - 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.
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Research Methodology
5Regional Insights
- 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,
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6Competitive Insights
- A considerable number of domestic and
multinational players have participated in the
polyurea market and are proceeding towards
consolidation through strategic MA activities.
Some of the polyurea industry participants
include - Huntsman Corp, Bayer (Covestro), Specialty
Products Inc., PPG Industries, and BASF SE.
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