Overview

Polyaspartic Coatings Market Introduction

Polyaspartic Coatings Market is predicted to value over USD 680 million by 2027 end and record a CAGR of over 6.3% during the forecast period of 2020 to 2027.

Polyaspartic coatings are generally used in the construction industry for stone carpets, topcoats, waterproofing and sealants. It is widely utilized for constructing bridges, commercial architecture, caulks, floor& roof coating, parking decks, joint fill, structural bonds and repairing concrete. Reduction in drying times, long pot life, odourless, great film thickness, high surface compatibility and low colour values are some of the characteristics of polyaspartic coatings that make them stand apart from other conventional coatings.

Polyaspartic Coatings Market Overview

The global polyaspartic coatings market is segmented into region, technology and end-user. Technology-wise, the market is bifurcated into solvent-based, water-based and powder-based. The water-based technology is predicted to surpass solvent-based technology, which is currently dominating the market. The reason for this is the strict Volatile Organic Compounds (VOC) emission rules. Environmental concerns are also increasing the demand for water-based technology. Powder-based technology holds a very small market share and will continue to do the same during the forecast period.

On the basis of end-user, the market is segmented into construction, which is further sub-segmented into residential, industrial and commercial, power generation and transportation, which is sub-segmented into automotive, railcars. There has been a rising demand for sustainable products that don’t discharge toxic substances in the field of construction. Furthermore, the transportation sector has a huge demand for polyaspartic coatings as they slow the deterioration process thus elongating the service life of automobiles.

North America dominates the global market and its market position will stay the same during the forecast period. Prioritizing the reduction of VOC emissions and construction of green buildings are the primary reasons why North America will continue to dominate the market. The Asia Pacific is a fast-growing market space due to a rise in the construction industry and an expansion of the automotive sectors in countries like India, Malaysia, Thailand, China, Indonesia and Vietnam which shall boost the polyaspartic coatings market even further.

Polyaspartic Coatings Market Segmentation:
By Region

North America
Europe
Asia Pacific
Rest of the World

By Technology

Solvent Based
Water-Based
Powder Based

By End-User

Construction
entialResid
Industrial
Commercial
Power Generation
Transportation
motiveAuto
Railcar
Others

By Type

Pure Polyurea
Hybrid Polyurea

Competitive Landscape:
• Akzo Nobel N.V
• PPG Industries
• Sika Corp.
• The Sherwin Williams Company
• Covestro AG
• Rust-Oleum Corp.

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global polyaspartic coatings market by region, by technology, by end-user, by type
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies