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Increasing demand for industrial coatings is expected to positively impact the polyurea market through the forecast period. Formed through the reaction between a resin blend component and an isocyanate component, polyurea exhibits fire-retardant properties and are used for protecting steel structures.
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Hexa Research Inc. Industry Research,Custom Research & Consulting Polyurea Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario And Forecasts, 2012 To 2020 Industry Insights Increasing demand for industrial coatings is expected to positively impact the polyurea market through the forecast period. Formed through the reaction between a resin blend component and an isocyanate component, polyurea exhibits fire-retardant properties and are used for protecting steel structures. Some of the application areas include concrete bridges, social housing programs and government construction projects. The global polyurea market is estimated to reach USD 1.40 billion by 2020. Polyurea can be processed through hand applications or machine applications such as casting/pouring and spray coating. Casting process utilizes a pouring gun whereas spray applications involve a machine with proper mix ratio (1:1) of the polyamine and isocyanate components. Eco-friendly characteristics of polyurea due to lack of Volatile Organic Compounds (VOCs) is expected to favorably impact the market and increase applications in construction sector. Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/polyurea-market- industry/
Hexa Research Inc. Industry Research,Custom Research & Consulting Polyurea also has high elongation and tensile strength that makes it suitable for sealing cracks. Superior performance as compared to alternatives such as epoxy and polyurethanes is expected to drive polyurea market demand. Increasing demand from these application industries is expected to fuel overall market growth. However, improper specification of hybrid and pure products results in dissatisfaction among the buyers causing lack of standardization, which may act as a barrier to market growth. There exists a need for proper technical support and surface preparation solutions in order to overcome the barrier and realize its market potential. Raw Material Insights Aromatic raw material occupied over 75% of the global polyurea market share in 2013. It is further expected to be the dominant market segment through the forecast period. These materials are formed by the presence of an aromatic diisocyanate such as TDI and MDI. Aliphatic polyurea, on the other hand, is expected to exhibit slower growth than the global average through the forecast period. Aliphatic raw materials are based on aliphatic diisocyanates including HDI and IPDI. Due to the difficulty in processing, these raw materials are retailed at high price as opposed to their counterparts. However, companies such as BASF are ensuring competitive costs in order to further boost the polyurea market. Product Insights Product segment includes sealants, lining and coating. Coatings accounted for over 65% of the market in 2013 and are expected to remain the market leader by 2020. These coatings provide advantages over traditional materials such as paint, epoxy, fiberglass and vinyl esters. In addition, they provide features such as high tensile strength, resistance to extreme atmospheric conditions and fast setting time. Lining systems possess rapid drying finishes, high build thickness characteristics and are used in alternatives to polyurethane, epoxy and fiberglass. Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/22 Application Insights Application segments can be categorized into transportation, industrial and construction. Polyurea is most widely used in the construction industry; it accounted for over 40% of the global market share in 2013. Roofing membranes are used for waterproofing and repairing concrete elements on bridge structures. This can be attributed to its properties such as flexibility and high resistance. The market for industrial applications is estimated to grow at a CAGR of over 5.0% from 2014 to 2020, in terms of volume.
Hexa Research Inc. Industry Research,Custom Research & Consulting Regional Insights Asia Pacific is expected to be the dominant regional segment, mainly due to increasing applications in transportation, industrial and construction sectors. Growing demand from end-use industries such as industrial and automotive due to high growth potential from protection coatings in countries such as China and India are expected to further widen the application avenues and boost the polyurea market. Table of Contents Chapter 1 Executive Summary 1.1 Polyurea- Industry Summary & Critical Success Factors (CSFs) Chapter 2 Polyurea Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Value Chain Analysis 2.4 Polyurea Market Dynamics 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's Chapter 3 Polyurea Raw Material Outlook 3.1 Polyurea market volume share by raw material, 2013 & 2020 3.1.1 Aromatic Polyurea 3.1.2 Aliphatic Polyurea Browse All Plastics, Polymers & Resins Industry Research Related Reports @ http://www.hexaresearch.com/research-category/plastics-polymers-and-resins-industry/ Chapter 4 Polyurea Product Outlook 4.1 Polyurea market volume share by product, 2013 & 2020 4.1.1 Coating 4.1.2 Lining 4.1.3 Sealants Chapter 5 Polyurea Application Outlook 5.1 Polyurea market volume share by application, 2013 & 2020 5.1.1 Construction
Hexa Research Inc. Industry Research,Custom Research & Consulting 5.1.2 Industrial 5.1.3 Transportation 5.1.4 Others Chapter 6 Polyurea Regional Outlook 6.1 North America 6.2 Europe 6.3 Asia Pacific 6.4 RoW Chapter 7 Competitive Landscape 7.1 BASF 7.2 Bayer AG 7.3 Huntsman Corporation 7.4 Specialty Products Inc 7.5 VersaFlex Inc 7.6 Nukote Coating Systems International Browse Full Report @ http://www.hexaresearch.com/research-report/polyurea-market-industry/ About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Visit our Blogs: http://medical-healthcareindustry.blogspot.com/