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NEW YORK , May 20, 2022 /PRNewswire/ --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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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:
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Polyurea Market 2022-2026: Vendor Analysis
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:
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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: Key Highlights
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Accelerate at a CAGR of 6.67%
North America, Europe, APAC, Middle East and Africa, and South America
US, Canada, China, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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