Polyurea market size is expected to reach 249.6 kilo tons by 2022 growing at a CAGR of 4.8% by 2022

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Polyurea Market Size, Share, Industry Outlook And
Forecast 2022
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Global Market Scenario of Polyurea

• Polyurea market size is forecast to register
  surge at a CAGR of 4.8 and reach 249.6 kilo tons
  from 2015 to 2022, according to the new research
  by Global Market Insights.
• The report provides 7 year market projections
  with important analytical and statistical
  information on the global developments,
  technology shifts, industry structure,
  applications, market shares, key market players,
  industry dynamics, and critical market trends.
• The polymer is obtained by the reaction of
  isocyanate compounds and synthetic resin polymer,
  through the technique of step-growth
  polymerization. It has distinctive properties
  like pigment compatibility, fast set-time,
  thermal stability, highly crack resistant, and
  superior water sensitivity.
• It is processed to manufacture adhesives, lining
  systems, sealants and coatings and is widely used
  in numerous applications including construction,
  transportation, and industrial etc.

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• Finer advantages of this polymer like excellent
  elongation, long lasting, etc. over other
  substitutes like polyurethane and epoxy is
  anticipated to propel the industry. Growing
  investments in infrastructure expenditure are
  projected to boost polyurea market growth during
  the anticipated time frame.
• Furthermore, the favorable market price trend is
  poised to open avenues for niche applications and
  innovation. Increasing environmental safety
  measures, strict regulations for environmental
  pollution is likely to impel market trend in the
  near future.
• Aromatic market size is anticipated to register
  highest gains by 2022. Aliphatic raw materials
  are likely to witness moderate growth at a
  projected CAGR of over 4 during the estimated
  time frame.
• Lining product is poised to observe growth at a
  projected CAGR of over 4 during the predicted
  period.

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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. Industrial
applications accounted for more than 30 of the
total demand in 2014 and are likely to witness
high growth rates with an estimated CAGR of over
5 from 2015 to 2022. Treated flooring systems
are resistant to most of the industrial liquids
and chemicals and have rapid installation
capabilities, which make them ideal for
industries such as oil gas, nuclear power and
food beverages. Competitive Market
Share- The global polyurea market share is
characterized by the presence of international
and domestic industry participants. The market is
likely to witness mergers acquisitions and
proceed towards consolidation. Key companies
operating include Bayer MaterialScience
(Covestro), Huntsman Corporation, BASF, Specialty
Products, Inc., and PPG Industries.

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