Polyurea is a type of elastomer which is derived from the reaction product of an isocyanate component and a synthetic resin blend component through step-growth polymerization. Whereas, the isocyanate can be aromatic or aliphatic. This polymer is processed to manufacture coatings, lining systems, and adhesives and sealants. Polyurea spray coatings, like LINE-X, can be used in a wide variety of industries. It is often used to prevent corrosion, resist abrasion and impact damage and provide a reliable waterproof lining to tanks, pipes, roofs, etc.
MARKET DYNAMICS
The polyurea market has witnessed a significant growth owing to factors such as increasing application of adhesives and sealants as bonding agents in the automotive and construction industries. Moreover, increasing use of protective coatings in automotive and construction applications on account of their rust prevention and high durability is expected to promote the usage of the polymer. However, presence of low cost coating substitutes including epoxy and polyurethane is expected to adversely impact growth over the forecast period.
MARKET SCOPE
The ?Global Polyurea Market Analysis to 2028? is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyurea market with detailed market segmentation type, application, and geography. The global polyurea market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyurea market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global polyurea market is segmented on the basis of product and application. On the basis of product, the global polyurea market is divided into coating, lining, adhesives & sealants. On the basis of application, the global polyurea market is divided into construction, industrial and transportation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyurea market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyurea market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the polyurea market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyurea market in these regions.
MARKET PLAYERS
The reports cover key developments in the polyurea market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from polyurea market is anticipated to lucrative growth opportunities in the future with the rising demand for polyurea in the global market. Below mentioned is the list of few companies engaged in the polyurea market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the polyurea market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF
- Kukdo Chemical Co., Ltd.
- LINE-X Protective Coatings
- Nukote Coating Systems International
- PPG Industries
- Rhino Linings Corporation
- Specialty Products Inc.
- SWD Polyurethane
- VersaFlex Inc.
- W.R. Grace
The Insight Partner dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.