Polyurea Market Bwc20057
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Global Polyurea Market by Raw Material Type (Aromatic, Aliphatic), By Product Type (Coating, Lining, Sealants, and Others), By Application (Construction, Industrial, Transportation, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, And Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: April 2020
- Report ID: BWC20057
- Available Format: PDF
- Page: 165
Report Overview
Global Polyurea Market
Forecast and Trends
The Global Polyurea
Market has reached USD 0.815 Billion in 2019 and projected to reach USD 1.15 Billion
by 2026 with a significant CAGR of 4.96% during the forcast period 2020-2026. Increasing
use of protective coatings in automotive and construction applications is anticipated
to promote the use of the polymer due to their rust prevention and high
durability.
Increasing use of
adhesives and sealants as bonding agents in the automotive and construction
industries is expected in the near future to play a crucial role in promoting
growth in the market. Increasing expenditure on the use of lining systems for
environmental protection in operations, including landfill management, is
expected to fuel the market for polyurea because of strict regulations aimed at
reducing the adverse effect of emissions.
Global Polyurea Market: Overview
Polyurea
is a state-of - the-art coating technology with elastomeric and flexible
formulation but extremely strong and proves to be an incredibly versatile
protective cover. The worldwide unprecedented growth of the chemical industry
is driving the growth and advancement behind polyurea coatings in technology
sector.
Growth Drivers
Rapid indutrialisation across the globe
positively affects the market
Polyurea coatings
are utilized as tank coatings, pipeline coatings, as well as for coating
machinery & equipment in several industries such as mining, chemicals, oil
and gas, water supply and treatment, etc. Hence, global rapid industrialization
will positively influence the polyurea market. Rising environmental awareness
relating to VOC emissions will act as the major driving factor for the polyurea
market. Growing automotive production will lift the demand for polyurea, as
they are used as anti-scratch and anti-corrosive coatings. Increasing urban population,
rising GDP growth of various developing countries, and increased spendings of
consumer is projected to indirectly drive the growth of the polyurea market.
Increasing infrastural development and
construction activities
Polyurea coatings
are predominantly used for corrosion-protection and waterproofing purposes.
Polyurea coatings are used for the waterproofing of walls, roofs, and floors in
the building and construction industry. Therefore, the increasing building and
construction industry and growing infrastructural development, specifically in
developing nations, are projected to contribute in the growth of the polyurea
market.
Restraint
The availability of
substitutes such as polyolefin-based lining systems
The
presence of low-cost coating substitutes including epoxy and polyurethane,
polyolefin-based lining systems, etc. is expected to adversely impact growth.
Also, lack of standardization coupled with less productive variance and
marketing are expected to negatively affect the polyuria market.
Global Polyurea Market: Raw Material Type
Based on raw
material type, global Polyurea Market is segmented into Aromatic, Aliphatic. The
aromatic compounds made up the majority of the global number as these variants
have better mechanical and physical properties. It has been widely used in a varied
range of applications as it possess good physical properties and ease of
processing.
Global Polyurea Market: Product Type
Based on Product
Type, global Polyurea Market is semented into Coating, Lining, Sealants, and
Others. Coatings sector dominate the polyurea market and the trend is expected
to continue over the forecast period. Owing to desirable properties such as
corrosion protection, abrasion resistance, waterproofing and structural
enhancement, coating formulations are used in the manufacturing, automotive and
healthcare industries. In addition high chemical resistance against liquids and
rapid drying finishes they are mainly used in landfills and waterproofing
systems. The growing importance of waterproofing membranes in the construction
industry is expected to have a favorable effect on growth due to their good
sealing properties.
Global Polyurea Market: Application
On the basis of Application, the global Polyurea market is classified into Construction, Industrial, Transportation, and Others. Construction sector contribute with largest share in application category and is expected that high reactivity and relative insensitivity of moisture associated with polyurea will promote its use in secondary containment structures, manhole and tunnels, and tank liner. Hence, it leads to drive the demand of construction segment. Due to its excellent crack-bridging properties and high elongation and tensile strength, it is also used as a caulking agent and sealing material in expansion joints, control joints, and in floors and water reservoirs.
Global Polyurea Market: Regional Insights
Geographically, the global Polyurea market is segmented into North America, Europe, Asia-Pacific, and Latin America & MEA. The market for polyurea in North America is estimated to account for substantial market share of polyurea over the forecast period. Growing numbers of construction activities along with increasing demand for waterproofing materials are major factors boosting the growth of the North American polyurea market.
Global Polyurea Market: Competitive Landscape
The major market players in the Polyurea Infrastructure market are BASF, W.R. Grace, SWD Polyurethane, Nukote Coating Systems International, LINE-X Protective Coatings, PPG Industries, Specialty Products Inc., VersaFlex Inc., Covestro, Huntsman, PPG Industries, The Sherwin-Williams, Advanced Polymer Solutions, APV Engineered Coatings, Convertec, Dinsmore Welding and Fabrication, Geoliz Waterproofers, Hutchinson Manufacturing, SWD Urethane, and other prominent players. These vendors have adopted various startegies to expand their offerings in the market.
Global Polyurea Market: Recent Developments
Ø
In May 2018, BASF and
Lighting Technologies have partnered eco-friendly composite pallet which
included newly formulated proprietory hybrid polyuria spray coating named
Exobond.
Ø In April 2019, Speciality Products (SPI) joine Versaflex family of companies as a part of broaden the coating portfolio and to increase focus on polyuria coating and form solutions.
Scope of the
Report
Attribute |
Details |
Years
Considered |
Historical data –
2016-2019 |
|
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
Facts Covered |
Revenue in USD Billion |
Market Coverage |
United States, Canada, Germany, United Kingdom, France, Italy,
Spain, Brazil, Mexico, Argentina, Japan, China, India, Japan, South Korea,
Saudi Arabia, UAE, South Africa |
Product/Service Segmentation |
By Raw Material Type, By Product Type, By Application
and Region. |
Key Players |
BASF, W.R. Grace, SWD Polyurethane, Nukote Coating
Systems International, LINE-X Protective Coatings, PPG Industries, Specialty
Products Inc., VersaFlex Inc., Covestro, Huntsman, PPG Industries, The
Sherwin-Williams, Advanced Polymer Solutions, APV Engineered Coatings,
Convertec, Dinsmore Welding and Fabrication, Geoliz Waterproofers, Hutchinson
Manufacturing, SWD Urethane, and other prominent players. |
SCOPE
1. Research Framework
1.1. Research
Objective
1.2. Product Overview
1.3. Market
Segmentation
2. Research
Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary
Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary
Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents
2.5. Market
Size Estimation
2.6. Assumption
For The Study
2.7. Market
Breakdown & Data Triangulation
3. Executive
Summary
4. Global
Polyurea Insights
4.1. DROC Analysis
4.1.1.
Growth Drivers
4.1.2.
Restraints
4.1.3.
Opportunities
4.1.4.
Challenges
4.2. Technological
Landscape/Recent Developments
4.3. Regulatory
Framework
4.4. Company Market
Share Analysis,2019
4.5. Porter’s Five Forces
Analysis
4.5.1.
Bargaining Power of Suppliers
4.5.2.
Bargaining Power of Buyers
4.5.3.
Threat of New Entrants
4.5.4.
Threat of Substitutes
4.5.5.
Intensity of Rivalry
5. Global Polyurea Market
Overview
5.1. Market Size &
Forecast By Value, 2016-2026
5.1.1.
By Value (USD Billion)
5.2. Market
Share & Forecast
5.2.1. By Raw Material Type
5.2.1.1.
Aromatic
5.2.1.2.
Aliphatic
5.2.2. By Product Type
5.2.2.1.
Coating
5.2.2.2.
Lining
5.2.2.3.
Sealants
5.2.2.4.
Others
5.2.3. By Application
5.2.3.1.
Construction
5.2.3.2.
Industrial
5.2.3.3.
Transportation
5.2.3.4.
Others
5.2.4. By Region
5.2.4.1.
North America
5.2.4.2.
Europe
5.2.4.3.
Asia Pacific
5.2.4.4.
Latin America
5.2.4.5.
Middle East & Africa
6. North America Polyurea Market
6.1. Market Size &
Forecast By Value, 2016-2026
6.1.1.
By Value (USD Billion)
6.2. Market
Share & Forecast
6.2.1.
By Raw Material Type
6.2.2.
By Product Type
6.2.3.
By Application
6.2.4.
By Country
6.2.4.1.
United States
6.2.4.2.
Canada
7. Europe Polyurea Market
7.1. Market Size &
Forecast By Value, 2016-2026
7.1.1.
By Value (USD Billion)
7.2. Market
Share & Forecast
7.2.1.
By Raw Material Type
7.2.2.
By Product Type
7.2.3.
By Application
7.2.4.
By Country
7.2.4.1.
Germany
7.2.4.2.
United Kingdom
7.2.4.3.
France
7.2.4.4.
Italy
7.2.4.5.
Spain
7.2.4.6.
Rest of Europe
8. Asia Pacific Polyurea Market
8.1. Market Size &
Forecast By Value, 2016-2026
8.1.1.
By Value (USD Billion)
8.2. Market
Share & Forecast
8.2.1.
By Raw Material Type
8.2.2.
By Product Type
8.2.3.
By Application
8.2.4.
By Country
8.2.4.1.
China
8.2.4.2.
India
8.2.4.3.
Japan
8.2.4.4.
South Korea
8.2.4.5.
Rest of Asia Pacific
9. Latin America Polyurea Market
9.1. Market Size &
Forecast By Value, 2016-2026
9.1.1.
By Value (USD Billion)
9.2. Market
Share & Forecast
9.2.1.
By Raw Material Type
9.2.2.
By Product Type
9.2.3.
By Application
9.2.4.
By Country
9.2.4.1.
Brazil
9.2.4.2.
Mexico
9.2.4.3.
Argentina
9.2.4.4.
Rest of Latin America
10. Middle East & Africa Polyurea Market
10.1.
Market Size & Forecast By Value, 2016-2026
10.1.1. By
Value (USD Billion)
10.2.
Market Share &
Forecast
10.2.1. By Raw Material
Type
10.2.2. By Product Type
10.2.3. By Application
10.2.4. By Country
10.2.4.1.Saudi Arabia
10.2.4.2.UAE
10.2.4.3.South Africa
10.2.4.4.Rest of Middle
East and Africa
11. Company Profile (Company Overview,
Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact
Address, and Strategic Outlook)*
11.1.
BASF
11.2.
W.R. Grace
11.3.
SWD Polyurethane
11.4.
Nukote Coating Systems International
11.5.
LINE-X Protective Coatings
11.6.
PPG Industries
11.7.
Specialty Products Inc.
11.8.
VersaFlex Inc.
11.9.
Covestro
11.10.Huntsman
11.11.PPG Industries
11.12.The
Sherwin-Williams
11.13.Advanced Polymer
Solutions
11.14.APV Engineered
Coatings
11.15.Convertec
11.16.Dinsmore Welding
and Fabrication
11.17.Geoliz
Waterproofers
11.18.Hutchinson
Manufacturing
11.19.SWD Urethane
11.20.Other Prominent Players
*Financial Details will be captured as
per data availability in case of unlisted companies.
**The user segmentation and the companies are subjected
to modifications based on the in-depth secondary for the final deliverable.
Market Segmentation
By Raw Material Type
Ø Aromatic
Ø Aliphatic
By Product Type
Ø Coating
Ø Lining
Ø Sealants
Ø Others
By Application
Ø Construction
Ø Industrial
Ø Transportation
Ø Others
By Region:
Ø North America
Ø Europe
Ø Asia Pacific
Ø Latin America
Ø Middle East & Africa
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