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A research study titled, “Polyurea Market by target audience, type, raw material and technology - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Polyurea Market is projected to be around $1.40 billion by 2022.
Growth, Trends and Forecast 2014- 2022
A research study titled, “Polyurea Market by target audience, type, raw material and technology -
Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states
that the Polyurea Market is projected to be around $1.40 billion by 2022.
The global Polyurea market was worth USD 0.87 billion in the year of 2014 and is expected to
reach approximately USD 1.40 billion by 2022, while registering itself at a compound annual
growth rate (CAGR) of 5.39% during the forecast period. Polyurea is a kind of elastomer that is
retrieved from gotten from the response result of an isocyanate segment and an engineered sap
mix component through stride development polymerization. This can be aliphatic or aromatic in
nature. It can be monomer, polymer, or any variation response of isocyanates, semi prepolymer
or a prepolymer.
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Polyurea is use in various applications that incorporate transportation and construction because
of its exceptional highlights like high thermal security, quick curing time, exceptional water
obtuseness and pigment similarity which is one the major factors that boosts the growth of this
market. The extensive usage of this polymer in the manufacturing of sealants, adhesives, lining
systems and coatings is anticipated to bolster the demand of the product. The rising use of
defensive coatings in the construction and automotive segment inferable from high solidness and
rust avoidance is foreseen to build the use of polyurea. It is utilized in adhesives and sealants due
to its excellent adhesion characteristics on platforms like wood blasted steel, concrete and
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bitumen. Rising requirement of sealants and adhesives as bonding agents in the construction and
automotive industry is expected to have a significant impact on the growth of this market.
On the basis of target audience the global polyurea market is segmented into Traders,
Distributors, and Suppliers of Polyurea Coating, Raw Material Suppliers, Manufacturers of
Polyurea Coatings, Government & Regional Agencies and Research Organizations and
Investment Research Firm. On the basis of type the market is segmented into Pure Polyurea and
Hybrid Polyurea. On the basis of raw material the market is segmented into Aromatic Isocyanate
and Aliphatic Isocyanate. On the basis of technology the market is segmented into
Transportation, Industrial, Landscape, Building & Construction.
Major Market Players:
The major industries in the global Polyurea market are BASF, Specialty Products, Inc.,
VersaFlex Inc., SWD Polyurethane, Nukote Coating Systems International, LineX Protective
Coatings and PPG Industries.
Key findings of the Polyurea market:
In 2014 the global polyurea market was valued 114.3 kilo tons and is expected to witness
significant growth in the upcoming years. Improved material qualities and expanding
mindfulness relating to its application are anticipated to drive worldwide polyurea market
development over the estimate time frame.
The global polyurea based sealants and adhesives market was worth 11.3 kilo tons in 2014.
Developing use of adhesive as an alternative to metal clasp in vehicles for lessening the general
auto weight to enhance fuel proficiency is anticipated to play a vital part in boosting market
The United States coatings market is anticipated to observe significant growth in the following
years. Profits in car industry of the U.S. because of expanding domestic utilization of four-
wheelers, especially SUVs is relied upon to advance the use of coatings and along these lines
prone to increase development.
In 2014 the Asia Pacific polyurea market was worth USD 157.1 million. Enhancement in
construction sector of India and China by virtue of rising government expenditure towards
infrastructure change as a piece of twelfth Five Year Plan is required to fuel request.
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting
services to help clients make more informed decisions. It provides both syndicated as well as
customized research studies for its customers spread across the globe. The company offers
market intelligence reports across a broad range of industries including healthcare, chemicals &
materials, technology, automotive, and energy.
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