Spray Polyurea Elastomers Market: Forecast Indicates Impressive Growth by 2026

Posted by Arslan on January 29th, 2019

FactMR has published a new research report titled “Spray Polyurea Elastomers Market: Future Forecast Indicates Impressive Growth Rate by 2026” to its online database that tries to unveil the various scenarios prevailing in the spray polyurea elastomers market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the Spray Polyurea Elastomers Market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers during the stated forecast period (2017-2026).

Spray Polyurea Elastomers Market: Notable Developments by Key Stakeholders

• Specialty Products Inc., which has perceived continued success in the market, has recently launched an innovative one-step waterproofing and concrete resurfacing solution, called Aquaseal Hi-Rise X3™. This elastomeric bridging polyurea forms a monolithic surface on concrete walls or slabs, which reduces the material cost and project labor by eliminating the time- & cost-intensive application process of concrete primer, dry sacking, or mortar filling.
• Vector Construction Inc.’s recent product – VersaFlex VF 380 is 100% solids spray polyurea elastomer developed for sturdy applications. VF 380 is an odorless, volatile-free system, which delivers reduced shrinkage with improved elongation attributes. VF 380 is an excellent polyurea elastomer for applications where resilience and durability are of prime importance such as in geotextile coatings, and liners.
• Dow Thailand Group partnered with Thanavut Composite Company Limited in 2017, and introduced a new series of spray polyurea elastomers, coating solutions developed for protecting and extending the life of substrates. The high-performance polyurea elastomer innovation by this business partnership ensures fast cure, superior bond strength and excellent flexibility for industrial applications.
• Arma Coatings, a leading producer of specialty coatings, has unveiled its Arma 901 series, a two-component spray polyurea elastomer system, which can be used in applications surrounded by harsh environmental conditions. Arma 901 series comprises non-hydrophobic products that impart excellent abrasion resistance and chemical resistance, which in turn offer excellent elongation.

Corrosion protection and abrasion resistance attributes of spray polyurea elastomers have been driving their demand in mining-related equipment and facilities. Erosion protection, waterproofing, and concrete surface protection are other key characteristics of polyurea that have fuelled their adoption in the construction sector. With robust balance sheets across the mining sector, miners in North America are adhering to an investment-led approach, which in turn has given birth to a renewed focus on constructing portfolios that lead to sustainable shareholder returns. President Trump’s recent orders for reducing the dependency on imported imperative minerals is highly likely to spark activity by the U.S. miners for considering exploration assets both inside and outside of the region, along with upstream & downstream collaborative ventures.

Future seems promising for construction firms in the U.S., driven primarily by trends such as building information modelling (BIM), internet of things (IoT), and proliferation of ecommerce with regard to construction & building materials. The Canadian economy witnessed significant deceleration on the coattails of decreased commodities and oil prices. Despite external challenges, the government in Canada made infrastructure spending of nearly US$ 11.9 Bn for social infrastructure, public transit infrastructure, and housing, and these projects are expected to witness completion by 2019-end.

Such robust investments in the mining and construction sector in North America point at the region’s dominance with regard to adoption of spray polyurea elastomers in the upcoming years. According to a new FactMR research study, the global spray polyurea elastomers market is set to record a splendid 10.2% value CAGR between the period of forecast 2017 and 2026. Over 291,000 tons of spray polyurea elastomers are expected to be sold worldwide by 2026-end.