Polyurea market size to exceed $1.59 bn by 2022

1. Polyurea market size to exceed $1.59 bn by 2022

2. Global Market Scenario ofPolyurea market • Polyurea market size is anticipated to reach USD 1.59 billion by 2022, as per a new research report by Global Market Insights, Inc. Increasing scope in infrastructure applications such as concrete and steel bridges is likely to drive the demand. Growing importance of industrial coatings owing to factors such as flexibility, water proof and low maintenance costs is anticipated to drive market. • Asia Pacific, with China and India polyurea market size dominating regional consumption, accounted for 37.4% of global total volume in 2014. Growing importance of protective coatings for automobile & industrial applications coupled with increased spending in construction sector in countries such as India, China and Indonesia is likely to drive demand. • Europe polyurea market share is likely to grow at moderate rate of 4.4% up to 2022. Increasing preference over substitutes such as PU (polyurethane) and epoxy owing to its superior advantages over these products is likely to drive demand.

3. Continue..... • Global polyurea market size was estimated 171.4 kilo tons in 2014 and may register 249.6 kilo tons by 2022 growing with an estimated CAGR of 4.8% from 2015 to 2022. • Aromatics such as MDI and aromatic & polyoxypropylene amines dominated the raw material segment. It accounted for 76.9% of the total polyurea market share in 2014 and are likely to witness highest gains. • Aliphatic polyurea is likely to grow at an estimated CAGR of 5.7% up to 2022. • Construction applications were dominant and accounted for 42.8% of the total volume in 2014. Industrial applications were the second largest and are likely to witness highest growth rates with an estimated CAGR of 5.2%. These flooring systems are ideal for use in industries such as nuclear power, food & beverages and oil & gas owing to the resistance provided from industrial chemicals & liquids.

4. Europe polyurea market size, by raw material, 2012-2022 (KiloTons)

5. 360 Analysis • Raw Material Analysis • Aromatic polyurea market size was dominant with revenue generation estimated at over USD 700 million in 2014 and is also likely to witness highest growth rates up to 2022. The market uses aromatic 2-K systems based on methylenedi-isocyanate (MDI) prepolymers, aromatic amine and polyoxypropylene amines. • Product Analysis • Polyurea coating market dominated consumption with a revenue generation exceeding USD 600 million in 2014. It offers numerous advantages over conventional materials such as fiberglass, epoxy, paint and vinyl esters. Also, it provides added benefits such as resistance to extreme temperature variations, fast setting time, and high elongation and high tensile strength. • 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.

6. Latest Research Report On Aerial Imaging Market@ https://www.gminsights.com/industry-analysis/polyurea-market-size Download Latest Report PDF @https://www.gminsights.com/request-sample/detail/163

7. Stay In Touch You can visit us at: www.gminsights.com