Demand for spray polyurea elastomers market is expected to remain considerable in the forthcoming years, owing to rapid industrialization and surging investments by leading players in developing nations on account of cheap labor. Industrialization growth has propelled emission of gases that have significant hazards to the environment, which in turn leads to wear & tear of surface coatings in residential as well as commercial building structures. Considering this concern, specialty coatings manufacturers have placed a greater emphasis on development of spray polyurea elastomers with improved performance attributes and elimination of VOCs.
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Fact.MR has recently published a new report on the global polyurea elastomer market, which offers accurate forecasts on the market for the period between 2017 and 2026. This report is a definite source of information that imparts intelligence on recent market dynamics, industry trends, potential markets, technology developments & advancements, and product innovation coupled with extensive regional market coverage.
A comprehensive data analysis on the global polyurea elastomer market is delivered in the report, in order to help the clients in gaining a competitive edge and attracting potential customers. The report further aid in better understanding of the industry structure, and offers evaluations on the competition intensity attractiveness. Business strategists can leverage the intelligence offered in the report regarding latest opportunities and trends impacting the market expansion to make fact-based decisions for their businesses.
Robust Investments in Mining & Construction to Place North America at the Forefront of Spray Polyurea Elastomers Market
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. In addition, major mining companies are eyeing investment in Canada’s gold mining sector that provides immense government support and a favorable macroeconomic environment.
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 Fact.MR 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.
Polyurea elastomer Market: Competitive Landscape Assessment
In its concluding chapter, the report quantifies revenues share of prominent companies in the global polyurea elastomer market, and offers an in-depth overview of the market’s competitive scenario. A detailed description has been delivered on all the market players profiled in the report, which includes intelligence in terms of their company overview, key financials, product overview, past as well as latest developments.
A SWOT analysis has been offered on each market player incorporated in the report, along with information on their new product developments, and market expansion strategies such as collaborations and partnerships. The scope of the report is offer its readers with authentic information and insights on the global polyurea elastomer market, to enable them in making better future decisions for growth of the businesses.
Polyurea elastomer Market: Taxonomy and Segmentation Analysis
This report also offers a scrutinized study on the global market for polyurea elastomer in terms of a segmentation analysis. The market has been divided into 4 key segments, namely, by raw material, application, product type, and region. These segments have been analyzed in detail, engulfing market forecasts and estimates at a country and regional level. The market has been regionally segmented into Middle East & Africa (MEA), Japan, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), and North America.
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