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Polyurea Market Size to Grow by USD 495.62 million | BASF SE and Covestro AG among Key Vendors | Technavio

NEW YORK, May 20, 2022 -The latest report on the polyurea market estimates that the market size is expected to grow by USD 495.62 million from 2021 to 2026, with the growth momentum at a CAGR of 6.67% during the forecast period. The growth of the market will be driven by superior features compared to other coatings. However, factors such as application challenges in the arctic region may challenge the market growth.

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Polyurea Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The polyurea market report covers the following areas:

Polyurea Market SizePolyurea Market TrendsPolyurea Market Industry Analysis

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. American Polymers Corp., ArmorThane USA Inc., BASF SE, Covestro AG, Dorf Ketal Chemicals I Pvt. Ltd., Huntsman International LLC, Krypton Chemical S.L., Nukote Coating Systems Intl., POLYFLEX AND WASSER, PPG Industries Inc., Rhino Linings Corp., Satyen Polymers Pvt. Ltd., Scorpion Protective Coatings Inc., Specialty Products Inc., TECNOPOL SISTEMAS S.L., Teknos Group Oy, The China Paint Mfg. Co. Ltd., The Sherwin Williams Co., VersaFlex Inc., and VIP Coatings International GmbH and Co. KG are among some of the major market participants. The key offerings of some of these vendors are listed below:

BASF SE – The company offers polyurea that is used on parking decks, loading ramps or chemical tanks, which provides enduring protection.Covestro AG – The company offers polyurea that is composed of an aromatic polyisocyanate prepolymer based on diphenylmethane diisocyanate.Huntsman International LLC – The company offers polyurea that comprises many different grades that are specially designed to accommodate all types of projects.

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Polyurea Market 2022-2026: Driver and Challenge

Superior features compared to other coatings are one of the drivers of the market. Polyurea coatings have benefits such as resistance to humidity, high hardness properties, tensile strength, and flexibility. They are extensively used in heavy-duty machinery and industries. The high tensile strength of polyurea makes it stretch with lesser force, and they are highly resistant to wear and tear.
Application challenges in the arctic region will hamper the market growth. Due to low temperatures in the region, the chances of developing cracks increase. The variance in the temperature results in the development of osmotic blisters after a few months of application, which reduces the lifetime and increases the need for re-application.
Polyurea Market 2022-2026: Segmentation
ProductCoatings: The coatings segment will have significant market share growth during the forecast period. The increasing demand for polyurea from various substrates and in typical temperature environments will drive the market growth through this segment.LiningSealantsGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America
Polyurea Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026Detailed information on factors that will assist polyurea market growth during the next five yearsEstimation of the polyurea market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the polyurea marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of polyurea market, vendors
This article was shared with Prittle Prattle News  as a Press Release.
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