Market Size of Polyurea Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.02 Billion |
| Market Size (2029) | USD 1.35 Billion |
| CAGR (2024 - 2029) | > 5.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyurea Market Analysis
The Polyurea Market size is estimated at USD 1.02 billion in 2024, and is expected to reach USD 1.35 billion by 2029, growing at a CAGR of greater than 5.60% during the forecast period (2024-2029).
The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as automotive, construction, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
One of the main factors driving the market is the growing demand for polyurea from the construction industry.
However, volatility in the raw material price of polyurea is expected to hinder the growth of the market studied.
The increasing use of polyurea in the food industry and drinking water application is likely to act as an opportunity for the market studied in the coming years.
The Asia-Pacific region is expected to dominate the market with the largest consumption from countries such as China and India.
