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The polyurea market share is expected to increase to USD 495.62 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.67%. This research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
The polyurea market research report extensively covers market segmentations by the following:
The polyurea market vendors studied and compiled in this report include 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 among others.
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The superior features compared to other coatings is notably driving the polyurea market growth, although factors such as application challenges in the arctic region may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyurea industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Polyurea Market Driver
Key Polyurea Market Trend
Key Polyurea Market Challenge
This polyurea market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global polyurea market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polyurea market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the polyurea market encompasses successful business strategies deployed by the key vendors. The polyurea market is fragmented and the vendors are deploying growth strategies such as the expansion of distribution networks to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The polyurea market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the polyurea market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for polyurea in North America. Market growth in this region will be faster than the growth of the market in South America.
The rapid growth of the paint and coatings, adhesive and sealant, automotive, agricultural, and construction industries will facilitate the polyurea market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The demand for polyurea in the region is positively impacted by the recovery of the construction sector from the lockdowns induced by the COVID-19 crisis and the temporary shutdown of construction sites. The funding from the governments has further supported the market growth. For instance, in April 2020, the Government of Alberta, Canada, announced an increase in funding for the re-development of the construction sector and to help it recover from the effects of COVID-19-related challenges. Such funding by governments can drive the growth of the market in the region during the forecast period.
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The polyurea market share growth by the coatings segment will be significant during the forecast period. The increasing demand for polyurea from various substrates, such as metals, concrete, wood, and in typical temperature environments due to factors such as abrasion resistance, corrosion protection, decoration, atmospheric resistance, and waterproofing will drive the market growth through this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the polyurea market size and actionable market insights on post COVID-19 impact on each segment.
Polyurea Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.67% |
Market growth 2022-2026 |
$ 495.62 million |
Market structure |
Fragmented |
YoY growth (%) |
6.13 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, Canada, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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