Global Polyaspartic Coatings Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Polyaspartic Coatings Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global polyaspartic coatings market report has been segmented on the basis of type, system, end-use industry, and region.
Global Polyaspartic Coatings Market: Overview
Polyaspartic coatings is an aliphatic polyurea which is obtained by the reaction of a polyaspartic ester and an aliphatic polyisocyanate. These coatings are a class of binders that offers high productivity along with reduced volatile organic compound (VOC) emissions. Polyaspartic coatings are widely used for corrosion protection in various end-use industries such as construction, transportation, and others. It offers various properties such as good weatherability, flexibility, durability, chemical resistance, and others.
Global Polyaspartic Coatings Market: Dynamics
Increasing demand for coatings with good weatherability, fast curing, high productivity, and cost-effective solution in various end-use industries, is a major factor expected to fuel growth of the global market. In addition, rising demand for pure polyurea coatings owing to its long pot life and short curing is another factor expected to drive growth of the global polyaspartic coatings market in years to come. Furthermore, growing demand for polyaspartic coatings in various applications such as oil & gas export, energy pipeline, and others, rapid industrialization, coupled with increasing construction and transportation industries are among some factors further boosting demand for polyaspartic coatings in the target market to a significant extent.
However, existence of alternative coating technologies, limited awareness about the product, high cost as compared to other coatings are factors expected to restrain growth of the target market.
Increasing commercial and industrial construction, development in technologies and emerging applications, growing demand for polyaspartic coatings in emerging economies are among some of the other factors expected to create lucrative opportunities for manufacturers operating in the target market.
Global Polyaspartic Coatings Market: Segment Analysis
Among type segments, the hybrid polyurea segment is projected to register significant growth in terms of revenue in the target market, owing to its adhesion to concrete and metal structures, and high abrasion resistance.
Among system segments, the quartz segment is expected to account for highest revenue share in the target market, owing to its increasing use in commercial and residential infrastructures.
Among end-use industry segments, the building & construction segment is expected to register highest share in terms of revenue in the potential market. This is attributed to growing demand for polyaspartic coatings in this industry to offer better coating with good weatherability.
Global Polyaspartic Coatings Market: Region Analysis
The Asia Pacific polyaspartic coatings market is estimated to register major share in terms of revenue in the global polyaspartic coatings market and is expected to maintain its dominance in the next 10 years. Increasing demand for polyaspartic coatings in transportation, power generation, and construction industries in countries such as China, India, and others is a factor driving growth of the target market in Asia Pacific region. The Asia Pacific polyaspartic coatings market is projected to register fastest growth rate in the target market in years to come, owing to increasing productivity and cost efficiency, and increasing investment by government on various infrastructure of residential and commercial sector. The Europe market is expected to account for moderate revenue share in the target market. This is attributed to growing construction and automotive industries in the Europe region.
Segmentation on the Basis of Type:
- Pure Polyurea
- Hybrid Polyurea
Segmentation on the Basis of System:
Segmentation on the Basis of End-use Industry:
- Building & Construction
- Power Generation
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Covestro AG
- The Sherwin-Williams Company
- PPG Industries, Inc.
- Akzo Nobel N.V.
- BASF SE
- Hempel A/S
- SIKA AG
- Carboline Company
- Rust-Oleum Corporation
- LATICRETE International, Inc.
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