Global Polyurea Market Trends, Applications, Analysis, Growth, and Forecast 2028

Global Polyurea Market: Introduction 

"The Polyurea Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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Polyurea coatings are obtained by reaction of aromatic/aliphatic isocyanate mixed in an equal proportion of poly-functional mixture of amines. It is treated to manufacture lining systems, coatings, sealants, and adhesives.

Global Polyurea Market: Dynamics 

The growing construction industry in developing economies such as Brazil, India, Indonesia, and others is estimated to drive the growth of the polyurea market.  Increasing demand for polyurea coatings in automotive and construction applications owing to their high durability and rest prevention properties is projected to drive the growth of the target market over the next few years.

In addition, increasing demand for adhesives and sealants in the automotive industry as bonding agents is estimated to support the market's growth. However, the availability of substitutes such as polyolefin-based lining systems is anticipated to hinder the polyurea market's growth.

Global Polyurea Market: Segment Analysis

Among the raw material segments, the aromatic segment is estimated to grow significantly in the global market. The physical properties of aromatic compounds as compared to aliphatic compounds is estimated to drive the growth of the segment. Most of the manufacturers use aromatic amines, polyoxypropylene amines, and methylene diisocyanate (MDI) prepolymers owing to their low price as compared to aliphatic compounds.

Among the product segments, the coatings segment dominated the polyurea market. Increasing demand for polyurea coating in automotive, construction, and healthcare industry owing to their properties such as waterproofing, abrasion resistance, corrosion resistance, and others is projected to drive the segment's growth.

Among the application segments, the construction segment is projected to grow at a higher rate over the next few years. Growing demand for waterproofing coating in the construction industry is anticipated to support the segment's growth. Rising investments in the construction industry in developing countries is projected to drive the growth of the segment. Growing demand for polyurea in the construction of manhole and tunnels, tank liners, and subway owing to its properties such as high reactivity and moisture insensitivity is anticipated to support the segment's growth.

Global Polyurea Market: Regional Analysis

North America polyurea market is estimated to account significant share in the polyurea market during the forecast period. Increasing number of construction activities coupled with the growing demand for waterproofing materials are key factors driving the growth of the polyurea market in North America. Growing marine and subway activities in countries the US and Canada are projected to augment the growth of the target market. Moreover, growing shale gas exploration activities in the region is projected to create opportunities for the manufacturers in the region, which in turn support the growth of the polyurea market.

North America is estimated to be the major market for polyurea, followed by the Asia Pacific market. The polyurea market in the Asia Pacific is projected to grow steadily in the next few years. Rising awareness regarding protective coatings in industrial and automotive applications is estimated to drive the growth of the Asia Pacific polyurea market. In addition, the growing construction industry in the countries in this region is estimated to support the growth of the polyurea market.

Global Polyurea Market Segmentation:

Segmentation by Raw Material:

• Aromatic
• Aliphatic

Segmentation by Product:

• Coating
• Lining
• Adhesives & Sealants
• Others

Segmentation by Application:

• Construction
• Transportation
• Industrial
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa