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Secondary contamination will continue to prevail as dominant application of spray polyurea elastomers. These elastomers seek extensive application in countering surface degradation in secondary containments, which if ignores might lead to system failures in industrial settings. Paints, rubber linings, and other exterior protection systems are not as durable and reliable as polymers such as polyurea. These materials, unlike polyurea, absorb and release substances, thereby generating contaminant.
Exterior protection systems such as rubber linings and paints impart comparatively lower corrosion and abrasion protection than spray polyurea elastomers. Chemically aggressive fluids seek and exploit vulnerabilities in paint and rubber linings. On the other hand, spray polyurea elastomers are resilient to these fluids, and are devoid of splitting even in harsh weather, which in turn offers excellent safeguarding of secondary containments.
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.
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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.
Table of Content:
- Executive Summary
1.1. Summarizing Key Findings
1.2. Opportunity Assessment
1.3. Highlighting Action Area – Wheel of Fortune
- Global Spray Polyurea Elastomers Market Overview
2.2. Market Definition and Scope
2.3. Market Taxonomy and Segments Captured
- Global Spray Polyurea Elastomers Market Outlook
3.1. Market Size (US$ Mn) & Volume (tons) and Forecast, 2012-2026
3.2. Market Y-o-Y Growth
3.3. Forecast Factors and Relevance of Impact
- Global Spray Polyurea Elastomers Market Dynamics
- Supply Chain and Value Chain Assessment
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