Global polyurea market expected to reach $1.5 billion by 2030, with significant expansion in aromatic and aliphatic polyurea segments

polyurea market

DUBLIN, April 16, 2024 (Globe Newswire) — Added ‘Polyureas – Global Strategic Business Report’ ResearchAndMarkets.com Recruitment.

The global polyurea market is poised for robust growth and is projected to rise from USD 979.9 million in 2023 to USD 1.5 billion by 2030. It has a compound annual growth rate (CAGR) of 5.5% over the seven-year forecast period. This market is expected to witness significant growth across various segments.

Of this, the aromatic polyurea segment is expected to experience a CAGR of 6.1% and reach USD 999.6 million by the end of the analysis period.

Regional market dynamics

The US market continues to play a major role in the polyurea market with an estimated value of USD 322.2 million in 2023. At the same time, China is projected to exhibit an impressive CAGR of 7.1% from 2023 to 2030, indicating the market’s gradual growth and potential. Other markets including Japan and Canada are projected to flourish at rates of 4.4% and 4.9% respectively over the period. Additionally, European market dynamics are exemplified by Germany’s expected CAGR of 4.8%.

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Market opportunities in global economic challenges

2024 is expected to be a year of economic complexity, with geopolitical tensions and policy-driven interest rate hikes introducing instability. But alongside the challenges, there are also opportunities. Signs of easing inflation, stabilizing supply chains, and easing prices all contribute to cautious optimism for a recovery. The investment environment will continue to be influenced by the technology sector and the local political situation, so strategic investments will need to be made in line with the changing global economic situation.

Key attributes:

Main topics covered:

1. Market overview

• Polyurea – Market Share Percentage of Global Major Competitors in 2023 (E)

• Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2023

• Polyurea: Overview

• Aromatic polyurea and aliphatic polyurea

• Polyurea vs epoxy

• Applications of polyurea

• market outlook

• Recent market activity

• Polyurea takes coatings to the next level with interesting properties

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2. Focus on carefully selected players (53 players in total)

• BASF SE

• PPG Industries Co., Ltd.

• Covestro AG

• Rhino Linings Corporation

• Chemline Co., Ltd.

• LINE-X LLC

• Isomat SA

• Specialty Products Co., Ltd.

• Atec Fine Chemical Co., Ltd.

• Satyen Polymers Co., Ltd.

• Polycoat Products LLC.

• panadur company

• Cipy Polyurethane Co., Ltd.

• chemical coating

• Liquimix Pty Limited

3. Market trends and drivers

• Rising construction spending lays solid foundation for polyurea

• Global construction spending (US$ trillion): 2015, 2020, 2025, 2030, 2035

• Forecast of infrastructure investment required by region from 2016 to 2040 (US$ trillion)

• Global infrastructure spending: Projected infrastructure investment demand by sector for the period 2016-2040 (in trillions of dollars)

• Polyurea’s faster curing and waterproofing properties promote opportunities in the roofing sector

• Recovery in construction spending boosts demand for polyurea sealants

• Revival of industrial sector boosts prospects for polyureas

• Cold storage: key aspects of cold chain logistics

• Global cold storage construction market (USD billion): 2020, 2022, 2024, 2026

• The beneficial properties of polyurea coatings allow them to be used in a variety of applications

• Pure polyurea coating for wear and corrosion resistance

• Ability of polyurea surface coatings to inhibit microbial growth promotes importance in healthcare sector

• Polyurea coatings emerge as a viable solution for wastewater infrastructure rehabilitation

• The increase in shopping malls, commercial buildings, and large residential complexes has increased the need for parking lot protection, leading to an increase in polyurea coatings.

• Polyurea coatings emerge as a reliable solution for wind turbine towers

• Global net offshore wind capacity additions from 2018 to 2022 (in GW)

• Polyurea coatings protect marine environments from storms with high corrosion resistance and associated cost savings

• Global average number of rigs by region: 2021-2023

• Polyurea in the automotive field

• Expansion of profits due to revival of the automobile industry

• World car production (million units): 2008-2022

• Industry eyes new eco-friendly coatings

• Compatible with a wide range of applications for polyurea linings

• The appeal of recyclable polyurea lining

For more information on this report, please visit https://www.researchandmarkets.com/r/2ypdsk.

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