The global polyaspartic coatings market size was USD 421.5 Million in 2020 and is expected to reach a value of USD 718.2 Million by 2028, and register a CAGR of 6.80% during the forecast period.
Revenue growth of the global polyaspartic coatings market can be majorly attributable to increasing demand from the construction industry due to properties offered such as resistance to extreme temperatures, and strong adhesion for lightweight materials. These features make polyaspartic coatings superior over other coatings such as polyurethanes and epoxy, which tend to fade or turn yellow if exposed to direct sunlight for a longer period.
Top Companies Operating in the Global Polyaspartic Coatings Market:
Akzonobel, The Sherwin-Williams Company, Covestro AG, SIKA AG, BASF SE, PPG Industries, Carboline, Hempel, Flexmar Coatings, Inc. Chromaflo Technologies Corporation, Neogard, and Polyval Coatings Inc.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Factors such as greater film thickness, low color values, less drying time, odorless, long pot-life, and excellent compatibility with mostly all the surfaces make these products favorable for concrete floor applications are major factors driving growth of the global polyaspartic coatings market. Polyaspartic coatings are also used for automobile coatings, bridges, automotive repair, wind turbines, as well as pipelines, specifically in the oil and gas industry. In comparison to these conventional coatings, Polyaspartic coatings overcome most of the drawbacks of polyurethane-based and epoxy-based coatings, and are fast curing technology.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Polyaspartic Coatings market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Polyaspartic Coatings market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Polyaspartic Coatings market key players
3.2 Global Polyaspartic Coatings size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Polyaspartic Coatings market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Polyaspartic Coatings Market Segmentation
By Type
- Hybrid Polyurea
- Pure Polyurea
By Application
- Building Construction
- Transportation
- Infrastructure
- Power Generation
- Others
By Technology
- Water-Borne
- Solvent-Borne
- Powder Coatings
- Others
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