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Burgeoning Demand for Polyurea-based Coatings Set to Create US$ 2 Bn Market Opportunity in 2032

Fact.MR's new report on the global polyurea market provides a 10-year forecast through 2022 & beyond. The report further explicates crucial dynamics, such as emerging opportunities, challenges, and drivers shaping the global market. The report has also been segmented in terms of raw material, product type, application, and region to present the information in comprehensive manner.

NEW YORK  , July 19, 2022 /PRNewswire/ -- The global polyurea market size is expected to reach US$ 2 Bn in 2032, expanding at 7.1% CAGR in the forecast period from 2022 to 2032. Strict norms implemented by regulatory bodies to reduce emissions of volatile compounds in the construction sector are encouraging companies to use polyurea linings.

As per Fact.MR, the polyurea market is likely to reach a valuation of US$ 989.6 Mn in 2022. Surging usage of various polyurea products as lining solutions, coatings, and sealants is projected to augment growth. Polyurea products help in ensuring excellent water insensitivity, pigment compatibility, and good thermal stability.

Moreover, polyurea is mainly adopted by end users as these are compliant with strict norms put forward by authorities governing the harmful effects of VOCs on the environment. Polyurea solutions also find applications in industrial bridging, as well as safety-pool coating. 

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Besides, substantial investments in industries, including manufacturing, marine, automotive, and building & construction, especially in China are expected to boost the Asia Pacific market.

Several international companies based in Europe and North America are expected to shift their manufacturing facilities to China and India owing to the easy availability of cost-effective raw materials and labor.

In North America , on the other hand, rapid infrastructure enhancement in the U.S. to accelerate the number of residential structures is likely to surge the usage of polyurea in the form of coatings, as well as adhesives.

In addition, increasing emphasis on environmental protection, especially in the manufacturing and construction sectors across the U.K. is set to bolster the demand for polyurea in Europe .

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The global polyurea market is highly fragmented with the presence of several medium- and small-sized companies. Key players in the market are focusing on developing cutting-edge products to meet the ever-increasing demand from consumers. They are also engaging in merger and acquisition activities, as well as partnerships to strengthen their position and gain a competitive edge in the global market.

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More Valuable Insights on Polyurea Market

In the latest study, Fact.MR offers a detailed study on global polyurea market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of polyurea through detailed segmentation as follows:

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Key Questions Covered in the Polyurea Market Report

Explore Fact.MR's Coverage on the Chemicals & Materials Domain

Polyurea-Based Greases Market: Increasing usage of polyuria-based greases in constant velocity joins, ball bearings, electric motor, and life bearings is expected to bode well for the global market. In addition to that, rapid expansion of the construction, steel, and automotive industries globally is another vital factor that is set to aid growth.

Spray Polyurea Elastomers Market: Various properties of spray polyurea elastomers, such as excellent impact resistance, high tensile strength, robust permeability, greater temperature limit, and good abrasion resistance are anticipated to drive the market. Besides, surging usage of aromatic spray polyurea elastomers in boat coatings, swimming pools, terraces, irrigation canals, and coatings for bridges is projected to augment growth.

Urea Formaldehyde Market: Rising usage of urea formaldehyde resins in the production of plywood, fibreboard, and particle board across the globe is estimated to spur the market. Surging demand for good quality resins in electrical and automotive applications is another crucial factor that would create new opportunities for key players.

Hydroxyethyl Urea Market: The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

Sulphur Coated Urea Market: Consumption of sulphur coated urea in crops permits maximum penetration of nutrients in soil, which significantly eliminates losses due to leaching, volatilization or excessive turf growth. Nutrients are released directly into the root zone thus exhibiting higher efficiency.

Aroma Chemicals Industry Report: Consumer demand for natural-based products over synthetic chemicals, as well as a shift in consumer preference for fragrances and exotic scents, are expected to drive market growth.

Market Analysis of Demulsifiers: The U.S. market is anticipated to remain a primary growth generator during the forecast period, expanding at a CAGR of 3.6% during the same time frame. Moreover, demulsifiers market size for lubricant manufactures under the umbrella of application is anticipated to increase at a CAGR of 3.4% in North America .

Market Outlook of 2K Protective Coatings: The demand for epoxy resin in 2K protective coating stems from the fact that the properties offered by epoxy resin can be enhanced through the customization process by adding additives and modifiers to meet the required specification.

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