Polyurea Global Market Report 2023: Sector to Reach $1.4 Billion by 2030

DUBLIN, Feb. 23, 2023 /PRNewswire/ -- The "Polyurea Market Size, Share & Trends Analysis Report By Raw Material (Aromatic, Aliphatic), By Product (Coating, Lining, Adhesives & Sealants), By Application (Construction, Industrial), By Region, And Segment Forecasts, 2023 - 2030" report has been added to  ResearchAndMarkets.com's offering.

The global polyurea market size is expected to reach USD 1,404.9 million by 2030. The market is expected to expand at a CAGR of 6.1% from 2023 to 2030.

Companies Mentioned

• BASF SE
• Huntsman Corporation
• Bayer AG
• PPG Industries
• Dow chemical
• Specialty Products, Inc.
• Versa Flex, Inc.
• SWD Urethane
• Alberts Spray Solutions, LLC
• W.R. Grace & Co.
• LINE-X Protective Coatings
• Nukote Coating Systems International

Rising industrial output and growing disposable consumer income in emerging markets such as Germany and Canada is expected to augment the market growth of consumer goods, construction, and automotive products. As a result, the aforementioned trends are expected to promote the application of adhesives and sealants as bonding agents in the automotive and construction industries.

The rising application of residential, non-residential, and commercial structures in the U.S. on account of improvements in household and manufacturing sectors, post the Great Recession of 2008-09, is anticipated to fuel demand for flooring solutions, waterproofing membrane, and lining materials over the forecast period.

As a result, the aforementioned favorable trends pertaining to the growth of the construction industry in the U.S. is expected to fuel polyurea demand over the coming years.

The increasing use of waterproofing membranes in the construction sector for providing excellent seal protection is expected to promote the incorporation of polyurea as a raw material for manufacturing finished products. The growing application of adhesives & sealants in footwear and automotive industries owing to the rising importance of bonding agents is expected to remain a favorable factor for the polyurea market over the forecast period.

Furthermore, the increasing requirement for coating solutions with specifications such as enhanced service life, improved corrosion resistance, and providing good thermal stability, on account of the rising importance of condition-based monitoring over breakdown maintenance in manufacturing industries, is expected to further fuel market growth.

Polyurea Market Report Highlights

• In terms of revenue, the coating accounted for a prominent share of the market in 2022 and is further expected to witness prominent growth over the forecast period
• The construction application segment dominated the market and accounted for more than 43.4% of the revenue share in 2022. Growing domestic consumption of specialty polymers and textiles in the Middle East, in light of application growth in the household, automotive, FMCG, and healthcare industries, has forced governments to build manufacturing facilities to cater to the regional demand
• As of 2022, North America accounted for more than 40.0% of the market share in terms of revenue. Gains in the automotive industry of the U.S. on account of increasing domestic consumption of four-wheelers, particularly SUVs, are expected to promote the application of coatings and thus likely to augment the polyurea market
• Major top players are continuously working on developing their manufacturing plants owing to the increased usage of polyurea in the construction industry. Additionally, many companies have started focusing on strategies such as mergers and acquisitions to broaden their product portfolio and strengthen their presence in the market

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary
2.1. Market Snapshot, 2022 (USD Million)
2.2. Segmental Outlook

Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Polyurea Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Regulatory Framework
3.4.1. Standard & Compliances
3.4.2. Safety
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Challenge Analysis
3.5.4. Market Opportunity Analysis
3.6. Industry Analysis - Polyurea Market

Chapter 4. Polyurea Market: Raw Material Estimates & Trend Analysis
4.1. Raw material movement analysis & market share, 2022 & 2030
4.2. Aromatic
4.2.1. Polyurea Market, estimate and forecasts, by Aromatic, 2018 - 2030 (Kilotons) (USD Million)
4.3. Aliphatic
4.3.1. Polyurea Market, estimate and forecasts, by Aliphatic, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Polyurea Market: Product Estimates & Trend Analysis
5.1. Product movement analysis & market share, 2022 & 2030
5.2. Coating
5.2.1. Polyurea Market, estimate and forecasts, by coating, 2018 - 2030 (Kilotons) (USD Million)
5.3. Lining
5.3.1. Polyurea Market, estimate and forecasts, by lining, 2018 - 2030 (Kilotons) (USD Million)
5.4. Adhesives & Sealants
5.4.1. Polyurea Market, estimate and forecasts, by Adhesives & Sealants, 2018 - 2030 (Kilotons) (USD Million)
5.5. Others
5.5.1. Polyurea Market, estimate and forecasts, by others, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Polyurea Market: Application Estimates & Trend Analysis
6.1. Application movement analysis & market share, 2022 & 2030
6.2. Construction
6.2.1. Polyurea Market, estimate and forecasts, by Construction, 2018 - 2030 (Kilotons) (USD Million)
6.3. Industrial
6.3.1. Polyurea Market, estimate and forecasts, by Industrial, 2018 - 2030 (Kilotons) (USD Million)
6.4. Transportation
6.4.1. Polyurea Market, estimate and forecasts, by Transportation, 2018 - 2030 (Kilotons) (USD Million)
6.5. Others
6.5.1. Polyurea Market, estimate and forecasts, by others, 2018 - 2030 (Kilotons) (USD Million)

Chapter 7. Polyurea Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape
8.1. Key global players and recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. List of key Distributors and Channel Partners
8.3.2. Key Potential Customers
8.4. Public Companies
8.4.1. Competitive Dashboard Analysis
8.5. Public & Private Companies
8.5.1. List of Key Emerging Companies/Technology Disruptors/Innovators

Chapter 9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/w6cp8s-market?w=5

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