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Polyaspartic Coatings Market By Type, By End-use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 255 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712960
The global polyaspartic coating market was valued at $347.6 million in 2021, and is projected to reach $515.1 million by 2031, growing at a CAGR of 4.0% from 2022 to 2031.

Polyaspartic coating is a protective coating made from aliphatic polyurea. It can be either 100% solid or hybrid-based on the nature of curing. It possesses excellent significant properties such as corrosion resistance, flexibility, and superior adhesion allows that make it best-suited for use in a wide range of end-use industries such as building & construction, transportation, industrial manufacturing, power generation, and others.

The increase in global power needs has surged the establishment of power plants in both developed and developing economies where polyaspartic coatings are widely used for coating floors and machinery. Furthermore, governments of several countries are engaged in expansion of power plant capacities where polyaspartic coatings are used for coating a wide range of machinery for corrosion protection purposes. For instance, according to a report published by Adani Power, the Adani Group is setting up thermal power plant of 1600 megawatt (MW) capacity in Godda, Jharkhand. This factor may propel the growth of the polyaspartic coating market during the forecast period. In addition to this, increase in demand for consumer goods has surged the establishments of chemical manufacturing units in both developed and developing economies where polyaspartic coating are widely employed as protective coating in various industrial equipment. This may positively drive the growth of the polyaspartic coating market during the forecast period. Moreover, the chemical manufacturing sector is witnessing a huge foreign direct investment (FDI) inflow attributed to attractive government policies and increasing demand from end user industries such as food processing, personal care, oil & gas, and others. For instance, according to a report published by India Brands Equity Foundation, the total FDI inflow in the Indian chemical sector reached $18.69 billion from April 2000 to June 2021. This is anticipated to increase the sales of polyaspartic coating; thus boosting the market growth.

However, shortages of raw materials have led to increase in the price of polyaspartic resin over the past few years. Furthermore, the price of materials that are used for packaging of polyaspartic coating has increased, which in turn has led manufacturers, wholesalers and store owners to pass on the price increase to the final end-users. These factors may hamper the growth of the polyaspartic coating market during the forecast period.

On the contrary, increasing awareness for eco-friendly products has surged the popularity of high sold polyaspartic coating owing to its minimal or no volatile organic compounds (VOCs) levels. Furthermore, high solid polyaspartic coating requires less drying and is easy to apply. These factors make high solid polyaspartic coatings highly preferred for coating applications in various end use sectors. This is anticipated to increase sales of polyaspartic coating in several end-use sectors; thus creating lucrative opportunities for the market.

The polyaspartic coating market is segmented on the basis of type, end-use industry, and region. On the basis of type, it is divided into 100% solids and hybrid. On the basis of end-use industry, the market is classified into building and construction, transportation, power generation, industrial, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The global polyaspartic coating market profiles leading players that include Akzo Nobel N.V., BASF SE, Covestro A.G., CTM Coatings, Indmar Coatings Corporation, LATICRETE International, Inc, PPG Industries, Inc., ResinWerks, Rust-Oleum, and The Sherwin-Williams Company. The global polyaspartic coating market report provides in-depth competitive analysis as well as profiles of these major players.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polyaspartic coatings market analysis from 2021 to 2031 to identify the prevailing polyaspartic coatings market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the polyaspartic coatings market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global polyaspartic coatings market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By End-use Industry

  • Building and Construction
  • Transportation
  • Power Generation
  • Industrial
  • Others

By Type

  • 100% Solids
  • Hybrid

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • PPG Industries
  • The Sherwin-Williams Company
  • BASF SE
  • AkzoNobel
  • SIKA AG
  • Rust-Oleum Corporation
  • Covestro AG
  • LATICRETE International Inc.
  • Resinwerks
  • IndMar Coatings Corporation
Frequently Asked Questions about the Global Polyaspartic Coating Market

What is the estimated value of the Global Polyaspartic Coating Market?

The Global Polyaspartic Coating Market was estimated to be valued at $347.6 million in 2021.

What is the growth rate of the Global Polyaspartic Coating Market?

The growth rate of the Global Polyaspartic Coating Market is 4.0%, with an estimated value of $515.1 million by 2031.

What is the forecasted size of the Global Polyaspartic Coating Market?

The Global Polyaspartic Coating Market is estimated to be worth $515.1 million by 2031.

Who are the key companies in the Global Polyaspartic Coating Market?

Key companies in the Global Polyaspartic Coating Market include PPG Industries, The Sherwin, Williams Company, BASF SE, AkzoNobel, SIKA AG, Rust, Oleum Corporation and LATICRETE International Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape

CHAPTER 4: POLYASPARTIC COATINGS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 100% Solids
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Hybrid
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: POLYASPARTIC COATINGS MARKET, BY END-USE INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Building and Construction
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Transportation
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Power Generation
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Industrial
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country

CHAPTER 6: POLYASPARTIC COATINGS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by End-use Industry
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Type
6.2.4.1.3 Market size and forecast, by End-use Industry
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Type
6.2.4.2.3 Market size and forecast, by End-use Industry
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Type
6.2.4.3.3 Market size and forecast, by End-use Industry
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by End-use Industry
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Type
6.3.4.1.3 Market size and forecast, by End-use Industry
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Type
6.3.4.2.3 Market size and forecast, by End-use Industry
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Type
6.3.4.3.3 Market size and forecast, by End-use Industry
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Type
6.3.4.4.3 Market size and forecast, by End-use Industry
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Type
6.3.4.5.3 Market size and forecast, by End-use Industry
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Type
6.3.4.6.3 Market size and forecast, by End-use Industry
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by End-use Industry
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Type
6.4.4.1.3 Market size and forecast, by End-use Industry
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Type
6.4.4.2.3 Market size and forecast, by End-use Industry
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Type
6.4.4.3.3 Market size and forecast, by End-use Industry
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Type
6.4.4.4.3 Market size and forecast, by End-use Industry
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Type
6.4.4.5.3 Market size and forecast, by End-use Industry
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Type
6.4.4.6.3 Market size and forecast, by End-use Industry
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by End-use Industry
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Type
6.5.4.1.3 Market size and forecast, by End-use Industry
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Type
6.5.4.2.3 Market size and forecast, by End-use Industry
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Type
6.5.4.3.3 Market size and forecast, by End-use Industry
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Type
6.5.4.4.3 Market size and forecast, by End-use Industry

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 PPG Industries
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 The Sherwin-Williams Company
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 BASF SE
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 AkzoNobel
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 SIKA AG
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Rust-Oleum Corporation
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Covestro AG
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 LATICRETE International Inc.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Resinwerks
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 IndMar Coatings Corporation
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments

List of Tables
Table 1. Global Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 2. Global Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 3. Polyaspartic Coatings Market, for 100% Solids, by Region, 2021-2031 (Revenue,$Million)
Table 4. Polyaspartic Coatings Market, for 100% Solids, by Region, 2021-2031 (Volume,Tons)
Table 5. Polyaspartic Coatings Market, for 100% Solids, by Country, 2021-2031 (Revenue,$Million)
Table 6. Polyaspartic Coatings Market, for 100% Solids, by Country, 2021-2031 (Volume,Tons)
Table 7. Polyaspartic Coatings Market, for Hybrid, by Region, 2021-2031 (Revenue,$Million)
Table 8. Polyaspartic Coatings Market, for Hybrid, by Region, 2021-2031 (Volume,Tons)
Table 9. Polyaspartic Coatings Market, for Hybrid, by Country, 2021-2031 (Revenue,$Million)
Table 10. Polyaspartic Coatings Market, for Hybrid, by Country, 2021-2031 (Volume,Tons)
Table 11. Global Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 12. Global Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 13. Polyaspartic Coatings Market, for Building and Construction, by Region, 2021-2031 (Revenue,$Million)
Table 14. Polyaspartic Coatings Market, for Building and Construction, by Region, 2021-2031 (Volume,Tons)
Table 15. Polyaspartic Coatings Market, for Building and Construction, by Country, 2021-2031 (Revenue,$Million)
Table 16. Polyaspartic Coatings Market, for Building and Construction, by Country, 2021-2031 (Volume,Tons)
Table 17. Polyaspartic Coatings Market, for Transportation, by Region, 2021-2031 (Revenue,$Million)
Table 18. Polyaspartic Coatings Market, for Transportation, by Region, 2021-2031 (Volume,Tons)
Table 19. Polyaspartic Coatings Market, for Transportation, by Country, 2021-2031 (Revenue,$Million)
Table 20. Polyaspartic Coatings Market, for Transportation, by Country, 2021-2031 (Volume,Tons)
Table 21. Polyaspartic Coatings Market, for Power Generation, by Region, 2021-2031 (Revenue,$Million)
Table 22. Polyaspartic Coatings Market, for Power Generation, by Region, 2021-2031 (Volume,Tons)
Table 23. Polyaspartic Coatings Market, for Power Generation, by Country, 2021-2031 (Revenue,$Million)
Table 24. Polyaspartic Coatings Market, for Power Generation, by Country, 2021-2031 (Volume,Tons)
Table 25. Polyaspartic Coatings Market, for Industrial, by Region, 2021-2031 (Revenue,$Million)
Table 26. Polyaspartic Coatings Market, for Industrial, by Region, 2021-2031 (Volume,Tons)
Table 27. Polyaspartic Coatings Market, for Industrial, by Country, 2021-2031 (Revenue,$Million)
Table 28. Polyaspartic Coatings Market, for Industrial, by Country, 2021-2031 (Volume,Tons)
Table 29. Polyaspartic Coatings Market, for Others, by Region, 2021-2031 (Revenue,$Million)
Table 30. Polyaspartic Coatings Market, for Others, by Region, 2021-2031 (Volume,Tons)
Table 31. Polyaspartic Coatings Market, for Others, by Country, 2021-2031 (Revenue,$Million)
Table 32. Polyaspartic Coatings Market, for Others, by Country, 2021-2031 (Volume,Tons)
Table 33. Polyaspartic Coatings Market, by Region, 2021-2031 (Revenue,$Million)
Table 34. Polyaspartic Coatings Market, by Region, 2021-2031 (Volume,Tons)
Table 35. North America Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 36. North America Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 37. North America Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 38. North America Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 39. North America Polyaspartic Coatings Market, by Country, 2021-2031 (Revenue,$Million)
Table 40. North America Polyaspartic Coatings Market, by Country, 2021-2031 (Volume,Tons)
Table 41. U.S. Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 42. U.S. Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 43. U.S. Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 44. U.S. Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 45. Canada Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 46. Canada Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 47. Canada Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 48. Canada Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 49. Mexico Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 50. Mexico Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 51. Mexico Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 52. Mexico Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 53. Europe Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 54. Europe Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 55. Europe Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 56. Europe Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 57. Europe Polyaspartic Coatings Market, by Country, 2021-2031 (Revenue,$Million)
Table 58. Europe Polyaspartic Coatings Market, by Country, 2021-2031 (Volume,Tons)
Table 59. Germany Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 60. Germany Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 61. Germany Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 62. Germany Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 63. UK Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 64. UK Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 65. UK Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 66. UK Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 67. France Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 68. France Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 69. France Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 70. France Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 71. Spain Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 72. Spain Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 73. Spain Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 74. Spain Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 75. Italy Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 76. Italy Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 77. Italy Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 78. Italy Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 79. Rest of Europe Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 80. Rest of Europe Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 81. Rest of Europe Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 82. Rest of Europe Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 83. Asia-Pacific Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 84. Asia-Pacific Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 85. Asia-Pacific Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 86. Asia-Pacific Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 87. Asia-Pacific Polyaspartic Coatings Market, by Country, 2021-2031 (Revenue,$Million)
Table 88. Asia-Pacific Polyaspartic Coatings Market, by Country, 2021-2031 (Volume,Tons)
Table 89. China Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 90. China Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 91. China Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 92. China Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 93. India Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 94. India Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 95. India Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 96. India Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 97. Japan Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 98. Japan Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 99. Japan Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 100. Japan Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 101. South Korea Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 102. South Korea Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 103. South Korea Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 104. South Korea Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 105. Australia Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 106. Australia Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 107. Australia Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 108. Australia Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 109. Rest of Asia-Pacific Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 110. Rest of Asia-Pacific Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 111. Rest of Asia-Pacific Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 112. Rest of Asia-Pacific Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 113. LAMEA Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 114. LAMEA Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 115. LAMEA Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 116. LAMEA Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 117. LAMEA Polyaspartic Coatings Market, by Country, 2021-2031 (Revenue,$Million)
Table 118. LAMEA Polyaspartic Coatings Market, by Country, 2021-2031 (Volume,Tons)
Table 119. Brazil Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 120. Brazil Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 121. Brazil Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 122. Brazil Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 123. Saudi Arabia Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 124. Saudi Arabia Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 125. Saudi Arabia Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 126. Saudi Arabia Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 127. South Africa Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 128. South Africa Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 129. South Africa Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 130. South Africa Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 131. Rest of LAMEA Polyaspartic Coatings Market, by Type, 2021-2031 (Revenue,$Million)
Table 132. Rest of LAMEA Polyaspartic Coatings Market, by Type, 2021-2031 (Volume,Tons)
Table 133. Rest of LAMEA Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Revenue,$Million)
Table 134. Rest of LAMEA Polyaspartic Coatings Market, by End-use Industry, 2021-2031 (Volume,Tons)
Table 135. Ppg Industries: Company Snapshot
Table 136. Ppg Industries: Operating Segments
Table 137. Ppg Industries: Product Portfolio
Table 138. Ppg Industries: Net Sales
Table 139. Ppg Industries: Key Strategies
Table 140. the Sherwin-Williams Company: Company Snapshot
Table 141. the Sherwin-Williams Company: Operating Segments
Table 142. the Sherwin-Williams Company: Product Portfolio
Table 143. the Sherwin-Williams Company: Net Sales
Table 144. the Sherwin-Williams Company: Key Strategies
Table 145. BASF SE: Company Snapshot
Table 146. BASF SE: Operating Segments
Table 147. BASF SE: Product Portfolio
Table 148. BASF SE: Net Sales
Table 149. BASF SE: Key Strategies
Table 150. Akzonobel: Company Snapshot
Table 151. Akzonobel: Operating Segments
Table 152. Akzonobel: Product Portfolio
Table 153. Akzonobel: Net Sales
Table 154. Akzonobel: Key Strategies
Table 155. Sika AG: Company Snapshot
Table 156. Sika AG: Operating Segments
Table 157. Sika AG: Product Portfolio
Table 158. Sika AG: Net Sales
Table 159. Sika AG: Key Strategies
Table 160. Rust-Oleum Corporation: Company Snapshot
Table 161. Rust-Oleum Corporation: Operating Segments
Table 162. Rust-Oleum Corporation: Product Portfolio
Table 163. Rust-Oleum Corporation: Net Sales
Table 164. Rust-Oleum Corporation: Key Strategies
Table 165. Covestro AG: Company Snapshot
Table 166. Covestro AG: Operating Segments
Table 167. Covestro AG: Product Portfolio
Table 168. Covestro AG: Net Sales
Table 169. Covestro AG: Key Strategies
Table 170. Laticrete International Inc.: Company Snapshot
Table 171. Laticrete International Inc.: Operating Segments
Table 172. Laticrete International Inc.: Product Portfolio
Table 173. Laticrete International Inc.: Net Sales
Table 174. Laticrete International Inc.: Key Strategies
Table 175. Resinwerks: Company Snapshot
Table 176. Resinwerks: Operating Segments
Table 177. Resinwerks: Product Portfolio
Table 178. Resinwerks: Net Sales
Table 179. Resinwerks: Key Strategies
Table 180. Indmar Coatings Corporation: Company Snapshot
Table 181. Indmar Coatings Corporation: Operating Segments
Table 182. Indmar Coatings Corporation: Product Portfolio
Table 183. Indmar Coatings Corporation: Net Sales
Table 184. Indmar Coatings Corporation: Key Strategies

List of Figures
Figure 1. Polyaspartic Coatings Market Segmentation
Figure 2. Polyaspartic Coatings Market, 2021-2031
Figure 3. Polyaspartic Coatings Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Polyaspartic Coatings Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Regulatory Guidelines
Figure 14. Value Chain Analysis
Figure 15. Key Regulation Analysis
Figure 16. Patent Analysis by Company
Figure 17. Patent Analysis by Country
Figure 18. Polyaspartic Coatings Market, By Type, 2021(%)
Figure 19. Comparative Share Analysis of 100% Solids Polyaspartic Coatings Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Hybrid Polyaspartic Coatings Market, 2021-2031(%)
Figure 21. Polyaspartic Coatings Market, By End-Use Industry, 2021(%)
Figure 22. Comparative Share Analysis of Building and Construction Polyaspartic Coatings Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Transportation Polyaspartic Coatings Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Power Generation Polyaspartic Coatings Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Industrial Polyaspartic Coatings Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Others Polyaspartic Coatings Market, 2021-2031(%)
Figure 27. Polyaspartic Coatings Market by Region, 2021
Figure 28. U.S. Polyaspartic Coatings Market, 2021-2031($Million)
Figure 29. Canada Polyaspartic Coatings Market, 2021-2031($Million)
Figure 30. Mexico Polyaspartic Coatings Market, 2021-2031($Million)
Figure 31. Germany Polyaspartic Coatings Market, 2021-2031($Million)
Figure 32. Uk Polyaspartic Coatings Market, 2021-2031($Million)
Figure 33. France Polyaspartic Coatings Market, 2021-2031($Million)
Figure 34. Spain Polyaspartic Coatings Market, 2021-2031($Million)
Figure 35. Italy Polyaspartic Coatings Market, 2021-2031($Million)
Figure 36. Rest of Europe Polyaspartic Coatings Market, 2021-2031($Million)
Figure 37. China Polyaspartic Coatings Market, 2021-2031($Million)
Figure 38. India Polyaspartic Coatings Market, 2021-2031($Million)
Figure 39. Japan Polyaspartic Coatings Market, 2021-2031($Million)
Figure 40. South Korea Polyaspartic Coatings Market, 2021-2031($Million)
Figure 41. Australia Polyaspartic Coatings Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific Polyaspartic Coatings Market, 2021-2031($Million)
Figure 43. Brazil Polyaspartic Coatings Market, 2021-2031($Million)
Figure 44. Saudi Arabia Polyaspartic Coatings Market, 2021-2031($Million)
Figure 45. South Africa Polyaspartic Coatings Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Polyaspartic Coatings Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Ppg Industrie.: Net Sales, ($Million)
Figure 54. The Sherwin-Williams Compan.: Net Sales, ($Million)
Figure 55. Basf S.: Net Sales, ($Million)
Figure 56. Akzonobe.: Net Sales, ($Million)
Figure 57. Sika A.: Net Sales, ($Million)
Figure 58. Rust-Oleum Corporatio.: Net Sales, ($Million)
Figure 59. Covestro A.: Net Sales, ($Million)
Figure 60. Laticrete International Inc.: Net Sales, ($Million)
Figure 61. Resinwerk.: Net Sales, ($Million)
Figure 62. Indmar Coatings Corporatio.: Net Sales, ($Million)

Executive Summary

According to the report, “Polyaspartic Coatings Market," the polyaspartic coatings market was valued at $347.6 million in 2021, and is estimated to reach $515.1 million by 2031, growing at a CAGR of 4% from 2022 to 2031.

Polyaspartic coating is a protective layer of aliphatic polyurea that is generally applied on concrete floor surfaces or metals. It can be either 100% solid or hybrid type. It was first developed as a coating for steel bridges. Now, it finds application in a wide range of end-use industries including building & construction, industrial manufacturing, power generation, transportation, and others.

The rise in population coupled with rapid urbanization has surged the growth of the building & construction sector in both developed and developing economies, where polyaspartic coatings are widely used for flooring, wall finishing, and roofing applications. This is expected to boost the demand for polyaspartic coating in the growing building & construction sector. In addition, strong economic growth has surged the establishments of industries where polyaspartic coating is used as a protective coating for washers, driers, steel pipes, fittings, structural inserts and industrial equipment. This is projected to propel the global polyaspartic coatings market growth. However, high costs of polyaspartic coatings as compared to other coatings such as epoxy and polyurethanes may attract customers toward using the substitutes of polyaspartic coatings; thus, hampering the market growth.

On the contrary, an increase in awareness for eco-friendly products has surged the popularity of high sold polyaspartic coatings owing to its minimal or no volatile organic compounds (VOCs) levels. Furthermore, high solid polyaspartic coating requires less drying and is easy to apply. These factors make high solid polyaspartic coatings highly preferred for coating applications in various end use sectors. This is anticipated to increase sales of polyaspartic coating in several end-use sectors; Owing to these factors, the polyaspartic coatings market size is expected witness lucrative growth during the forecast period.

The polyaspartic coatings market analysis is done on the basis of type, end-use industry, and region. By type, the market is segregated into 100% solids and hybrid. The 100% solids segment dominated the global market in terms of revenue in 2021, with 68.96% of the total share. This is attributed to fact that 100% solids type polyaspartic coatings are widely used as a seal coat on floors. The 100% solids type polyaspartic coatings has fast drying and curing capability that makes it best-suited for use as flooring topcoat in hospitals, malls, schools, and other building & construction sites. Furthermore, it is tough and durable as compared to other sold polyaspartic or polyurethane coatings.

By end-use industry, the market is divided into building and construction, transportation, power generation, industrial, and others. The industrial segment dominated the global market in terms of revenue in 2021, with 34.58% of the total share. This is attributed to the fact that polyaspartic coatings are widely employed as coating on driers, washers, and other industrial equipment owing to its durability and easy of application. Metal cans and containers use polyaspartic coating for corrosion protection applications in steel pipes, fittings, and structural inserts used in various industrial sectors such as chemical manufacturing, oil & gas, and others. This is the key polyaspartic coatings market trend. Furthermore, fusion-bonded polyaspartic coatings are used for corrosion protection applications in water treatment plants, oil refining, and other industrial sectors.

Region-wise, the polyaspartic coating market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific polyaspartic coating market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major polyaspartic coating market share in 2021, owing to the rise in building & construction, transportation, chemical manufacturing, and other sectors that have enhanced the performance of the polyaspartic coatings in the Asia-Pacific region. In addition, China's consumer electronics sector is increasing rapidly which in turn has enhanced the performance of the polyaspartic coatings industry in the region.

The polyaspartic coatings market share is majorly held by key players operating in the global polyaspartic coating market include, Akzo Nobel N.V., BASF SE, Covestro A.G., CTM Coatings, Indmar Coatings Corporation, LATICRETE International, Inc, PPG Industries, Inc., ResinWerks, Rust-Oleum, and The Sherwin-Williams Company.

COVID-19 impact analysis

The polyaspartic coating market was negatively impacted due to the wake of the COVID-19 pandemic. However, the increasing awareness for using eco-friendly products among citizens of both developed and developing economies may surge the popularity of polyaspartic coatings with minimal or no VOC emissions in various end use sectors including transportation, building & construction, industrial, aerospace, and others. Furthermore, the building & construction and transportation activities are projected to get back on track and start functioning with full capacity post COVID-19 period which in turn may enhance the performance of the polyaspartic coating market during the forecast period.

Key Findings of the Study

  • By type, the 100% solids segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.2% from 2022 to 2031.
  • By end-use industry, the industrial segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.5% from 2022 to 2031.
  • By region, Asia-Pacific garnered the highest share of 45.5% in 2021, in terms of revenue, growing at a CAGR of 4.5%.

Companies Mentioned

  • PPG Industries
  • The Sherwin-Williams Company
  • BASF SE
  • AkzoNobel
  • SIKA AG
  • Rust-Oleum Corporation
  • Covestro AG
  • LATICRETE International Inc.
  • Resinwerks
  • IndMar Coatings Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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