Hybrid Polyurea Materials Market: Introduction
- Hybrid polyurea material is a combination of two coating systems: polyurea coatings and polyurethane coatings.
- Hybrid polyurea materials are utilized to coat concrete, metal parts, porous, stone as well as organic and inorganic materials. Hybrid polyurea materials offer various processing advantages such as reaction-free components of plasticizers and solvents, system can be managed on simple low and high pressure equipment at a mixing ratio 1:1, can be cured at room temperature`, and range of thicknesses from around 2 mm to 2 cm and can be manufactured in single step.
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Key Drivers of Hybrid Polyurea Materials Market
- Rising demand for advanced coating material and increasing adoption of protective coatings in construction and automotive applications owing to their durability and ability to provide protection against corrosion, is a major factor that is projected to drive the global hybrid polyurea materials market during the forecast period
- Polyurea hybrid materials are mixed with sealant formulations owing to their excellent adhesion with respect to clean substrates, including wood, bitumen, blasted steel, and concrete. Increasing end-use applications of sealants, as bonding agents, in construction and automotive industries is also projected to drive the global market in the near future.
- Increasing awareness among consumers regarding utilization of enhanced quality waterproofing coating in commercial and residential buildings is expected to boost the market. Moreover, increasing adoption of containment solutions in construction and mining sectors, owing to increase in focus on environmental protection activities, is projected to augment the demand for hybrid polyurea materials during the forecast period.
- Hybrid polyurea materials are majorly employed in construction and infrastructure development applications including commercial architecture, bridge construction, floor and roof coating, joint fill, caulks, parking decks, structural bonds, and concrete repair. Additionally, these materials are utilized to improve tensile and compressive strength, crack-bridging, waterproofing, providing chemical, corrosion- and water-resistance, as well as to enhance various other mechanical properties of structures.
- Rise in demand for hybrid polyurea materials in various industrial applications owing to their excellent physical properties is another key factor that is estimated to propel the global hybrid polyurea materials market. Hybrid polyurea coatings are being majorly used for applications in decks, parking, water treatment, and tanks, which in turn is projected to propel their demand during the forecast period.
- However, availability of low-cost coating substitutes, such as polyurethane and epoxy, is expected to restrain the market during the forecast period
Significant Opportunity in Construction Industry
- Based on type, the global hybrid polyurea materials market can be segmented into coating, sealant, and other. The coating segment is projected to hold a significant share of the market, in terms of revenue, owing to a rise in the demand for polyuria materials from automotive, building and construction, and transportation industries.
- Based on application, the global hybrid polyurea materials market can be divided into building & construction, transportation, industrial, and other (landscape, etc.)
- Increase in initiatives for development and renovation in the construction industry in various developing and developed countries is a major factor that is projected to drive the hybrid polyurea coatings market. Moreover, the transportation segment is projected to expand at a moderate growth rate during the forecast period, as these materials are majorly utilized in railcar linings, conveyor belt linings, and truck bed linings.
Asia Pacific to be a Key region for Hybrid Polyurea Materials Market
- In terms of region, the global hybrid polyurea materials market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- In terms of revenue, the hybrid polyurea materials market in Asia Pacific is expected to account for a major share of the global market for hybrid polyurea materials. Demand for hybrid polyurea material is increasing rapidly in automotive and transportation industries in countries across Asia Pacific. Hybrid polyurea coatings possess several features including high curing rate, moisture insensitive, applicability at varying temperatures, impermeability of membranes, excellent abrasion resistance, and high thickness buildup. These are driving the polyurea coatings market.
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Key Manufacturers Operating in Hybrid Polyurea Materials Market
- The global hybrid polyurea materials market was highly fragmented in 2018. Moreover, rapid expansion of construction and automotive industries across the global market is expected grow at substantial pace during the forecast period
- Moreover, several major players engage in significant research and development activities in order to enhance their product portfolio
Key manufacturers operating in the global market include:
- Specialty Products Inc.
- BASF SE
- VersaFlex Incorporated
- PPG Industries, Inc.
- Polycoat Products
- Krypton Chemical
- The Sherwin-Williams Company
- Kukdo Chemicals Co., Ltd.
- Wasser Corporation
- Rhino Linings Corporation
- SWD Urethane
- The China Paint MFG.Co.,(Shenzhen)Ltd
Global Hybrid Polyurea Materials Market: Research Scope
Global Hybrid Polyurea Materials Market, by Product Type
Global Hybrid Polyurea Materials Market, by End-user
- Building & Construction
- Other (Landscape, etc.)
Global Hybrid Polyurea Materials Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
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6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
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10. What will be the barrier to entry for new players in the market?
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