| |
Newsroom /
Industry
/
Industry
/
Polyurea Market Trends, Analysis And Industry Outlook, Segment Forecasts To 2020: Hexa Research
Polyurea Market Trends, Analysis And Industry Outlook, Segment Forecasts To 2020: Hexa Research
HexaResearch.com has announced the addition of "Polyurea Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
Felton,
California,
United States of America
(prbd.net)
22/04/2015
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.
Get More In-Depth Details About TOC Of Polyurea Market: http://www.hexaresearch.com/research-report/polyurea-market-analysis-segment-forecasts-2020/
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.
For More Informaion About Category Of Polyurea Market: http://www.hexaresearch.com/research-category/bulk-chemicals/
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.
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.
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.
ABOUT Hexa Research
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:
Michelle Thoras
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Web: http://www.hexaresearch.com/
About
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.
|