Increasing demand for advanced polyaspartic coatings for application on automobiles, wind turbines, pipelines, construction buildings, etc. is a key factor driving market revenue growth.
Market Size - USD 421.5 Million in 2020, Market Growth - CAGR of 6.8%, Market Trends - Increasing focus on manufacturing bio-based polyaspartic coatings to cater to demand from end users
The global polyaspartic coatings market size is expected to reach USD 718.2 Million in 2028, and register a CAGR of 6.8% during the forecast period. Market growth is expected to be driven by major factors such as growing consumption of coatings in construction projects, and need for coatings with properties such as heat-resistance, and excellent adhesion for light-weight materials such as polyaspartic coatings. Additionally, polyaspartic coatings are being preferred over other coatings as these coatings do not fade or turn yellow when exposed to sunlight for prolonged period.
Low awareness about benefits of polyaspartic coatings among end-users, and availability of lower-priced coatings such as epoxy and polyurethane coatings are factors that could hamper market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global market is segmented on the basis of type, technology, application, and region:
Type Outlook
Technology Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 421.5 Million in 2020, Market Growth - CAGR of 6.8%, Market Trends - Increasing focus on manufacturing bio-based polyaspartic coatings to cater to demand from end users
The global polyaspartic coatings market size is expected to reach USD 718.2 Million in 2028, and register a CAGR of 6.8% during the forecast period. Market growth is expected to be driven by major factors such as growing consumption of coatings in construction projects, and need for coatings with properties such as heat-resistance, and excellent adhesion for light-weight materials such as polyaspartic coatings. Additionally, polyaspartic coatings are being preferred over other coatings as these coatings do not fade or turn yellow when exposed to sunlight for prolonged period.
Low awareness about benefits of polyaspartic coatings among end-users, and availability of lower-priced coatings such as epoxy and polyurethane coatings are factors that could hamper market growth to some extent.
Some Key Findings From the Report:
- Among the polyuria type segments, the hybrid segment accounted for the largest revenue share in 2020, due to increasing use of hybrid product type in various industries owing ton prominent properties offered including abrasion resistance, superior adhesion to metal and concrete surfaces. The pure polyuria segment is expected to register a robust revenue CAGR during the forecast period.
- Among the technology segments, the water-borne segment accounted for the largest revenue share in 2020. The solvent based segment is expected to register relatively steady revenue CAGR during the forecast period.
- Among the application segments, the building & construction segment accounted for the largest revenue share in 2020, followed by the transportation segment.
- The Asia Pacific polyaspartic coatings market accounted for the largest revenue share in 2020, owing to rapid growth of various industries where polyaspartic coatings are in high demand, including construction, automotive, and wind-power generation (wind turbines).
- Companies profiled in the market report include 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. Some of the major companies are involved in strategic expansion of manufacturing units and product portfolio to sustain in the competitive market.
For the purpose of this report, the global market is segmented on the basis of type, technology, application, and region:
Type Outlook
- Hybrid Polyurea
- Pure Polyurea
Technology Outlook
- Water-Borne
- Solvent-Borne
- Powder Coatings
- Others
Application Outlook
- Building & Construction
- Transportation
- Infrastructure
- Power Generation
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Polyaspartic Coatings Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Polyaspartic Coatings Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Polyaspartic Coatings Market Segmentation & Impact Analysis
Chapter 5. Polyaspartic Coatings Market By Type Insights & Trends
Chapter 6. Polyaspartic Coatings Market By Technology Insights & Trends
Chapter 7. Polyaspartic Coatings Market By Application Insights & Trends
Chapter 8. Polyaspartic Coatings Market By Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Akzonobel
- The Sherwin-Williams Company
- Covestro AG
- SIKA AG
- BASF SE
- PPG Industries
- Carboline
- Hempel
- Flexmar Coatings Inc. Chromaflo Technologies Corporation
- Neogard
- Polyval Coatings Inc.
