Top 5 Vendors in the Global Polyurea Market From 2017 to 2021 | Technavio

November 15, 2017

LONDON–(BUSINESS WIRE)–#Research—Technavio
has announced the top five leading vendors in their recent global
polyurea market report. This market research report also lists 14
other prominent vendors that are expected to impact the market during
the forecast period.

Competitive vendor landscape

According to the research analysis, the global polyurea
market is moderately concentrated. The parent market for polyurea is
the global paints and coatings market. The market under study holds
around 0.77% of the parent market. The key vendors of this market are
BASF, Covestro, Huntsman International, PPG Industries, and
Sherwin-Williams. Polyurea products that are manufactured for
industrial, construction, and other applications are free of VOCs, which
enhances its popularity compared to other coatings, such as epoxy,
polyester, and others.

According to Kurva Samba Sivudu, a lead analyst at Technavio for specialty
chemicals research, “Rapid industrialization and urbanization
have increased the population in 2-tier and 3-tier cities, resulting in
an increase in the demand for rails, bridges, and transportation
facilities, thereby driving the growth of the polyurea market. In
addition, the growth of the oil and gas, and marine industries is
expected to further accelerate the growth of the polyurea market.”

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Technavio market research analysts identify the following key
vendors:

BASF

BASF produces and supplies chemicals and intermediates, including
plasticizers, solvents, glues, monomers, and electronic chemicals.
Polyurea is manufactured by the performance products segment of BASF.
The company manufactures, develops, and markets a broad range of chain
extenders, curing agents, and additives for polyurea coatings. BASF
manufactures polyurea coatings under the brand name Elastocoat C, which
can be applied to various substrates, such as concrete, metals, bitumen,
and wood.

Covestro

Covestro operates as a subsidiary of Bayer AG and is one of the world's
leading producers of high-tech materials. Covestro holds a patent for
the manufacturing technique that is incorporated in the production of
polyurea coatings. It offers polyurea coatings products, such as
Desmophen NH 1420, Desmophen NH 1520, Desmophen NH 1521, and Desmophen
NH 1220, which primarily cater to the building and construction market.

Huntsman

Huntsman designs, manufactures, and markets differentiated organic and
inorganic chemical products, globally. The company serves industries,
such as chemicals, plastics, automotive, furniture, and packaging.
Huntsman offers polyurea products for industrial markets. They use
polyetheramines and chain extenders in the production of polyurea
products.

PPG Industries

PPG Industries is a manufacturer and supplier of chemicals and various
materials, such as specialty materials, coatings, and glass products for
customers around the globe. PPG Industries manufactures polyurea
coatings, which are solvent-free, not inflammable, and free from VOCs
and hazardous air pollutants (HAPs), under its industrial coatings
business sector. The company offers polyurea coatings under the brand
name DuraBull.

Sherwin-Williams

Sherwin-Williams provides coating solutions and advanced paint. The
company specializes in the development, production, distribution, and
sale of paints, coatings, and related products that cater to
professional, industrial, retail customers, and commercial. The company
manufactures polyurea coatings and lining systems that are used
extensively in the marine industry. ENVIROLASTIC AR425 is an aromatic
polyurea coating and lining system manufactured by the company. The
improved elastomeric properties and extraordinary toughness enable its
application in various industrial operations.

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