The global polyurea market is expected to reach USD 1,399.9 million by 2020, according to a new study by Grand View Research, Inc. Superior performance as compared to alternatives such as polyurethanes and epoxy is expected to drive pure polyurea demand over the forecast period. Increasing demand from application industries is also expected to fuel market growth over the next six years.
One of the key areas of polyurea application is in steel and concrete bridges. Since polyurea has high tensile strength and elongation, it is well-suited for sealing cracks. The environmentally friendly nature of polyurea due to lack of Volatile Organic Compounds (VOCs) is also expected to boost market growth. Lack of product differentiation has caused marketing of polyurea and hybrid systems as the same, giving rise to commoditization. This may pose a challenge to industry participants over the forecast period.
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
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