Polyaspartic Coatings Market Report

Polyaspartic Coatings Market Report, By Application (Flexible Printed Circuits, Specialty Fabricated Products, Pressure Sensitive Tapes, Wires & Cables and Motors/Generators), End User (Electronics, Automotive, Aerospace, Solar and Labeling) and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm2068 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global


Polyaspartic coatings were introduced in the early 1990s by one of the world’s leading chemical companies, Bayer Material Science. This new technology was first employed as a protective steel coating, offering corrosion prevention for bridges and other harsh environment applications. From a technical perspective, the term “polyaspartic” refers to an “aliphatic polyurea”. Polyaspartic coatings are often viewed as a variation or type of a polyurea coating.

  • Polyaspartic coatings are widely used in protective resinous concrete floor coating applications.
  • One of the primary benefits to polyaspartic coatings is the material’s versatility.
  • Standard solid color industrial floor coatings, Seamless Flake and Monolithic Quartz flooring systems are common polyaspartic concrete coating systems.
  • Recently, new decorative floor coating applications such as dye and seal and metallic floor coating systems have been developed with polyaspartic coating technology.

  

Polyaspartic Coatings Market Outlook

The polyaspartic coatings market is driven by various factor such as increased productivity and cost efficiency and greater efficiency associated to conventional coating technology. However, the high industrial cost of polyaspartic coatings is the major factor hampering the polyaspartic coatings market growth.

Polyaspartic Coatings Market Segmental Overview

The polyaspartic coatings market is segmented by type, application, end user and geography. 

Polyaspartic Coatings Market by Type 

Various type of polyaspartic coatings are commercialized such as, hybrid polyaspartic coatings and pure polyaspartic coatings. Among these, hybrid polyaspartic coatings have high abrasion resistance and adhesion to metal and concrete structures. There has been an upsurge in the usage of hybrid polyaspartic coatings in the transportation, industrial, building & construction and power generation sectors. 

Polyaspartic Coatings Market by Systems 

Polyaspartic coatings comprises of various systems such as, quartz and metallic. Metallic polyaspartic coating systems make it simple to get the perfect floor for your concrete, tile, VCT, or wood surface. This coating systems give bright, clean look with the protection and durability. 

Polyaspartic Coatings Market by End User 

Major end users of polyaspartic coatings market are building & construction, transportation, industrial, power generation and landscape. Polyaspartic coatings are extensively used in building & construction industry in various applications such as, bridge construction, commercial architecture, floor & roof coating, caulks, joint filling, etc. 

Polyaspartic Coatings Market by Geography 

By geography, the polyaspartic coatings market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific accounts for a largest market share in the polyaspartic coatings market. The market growth in the Asia Pacific region is attributed to the factors such as, industrialization and growth of the building & construction sector and growing polyaspartic coatings market in terms of both production and demand in this region.

Polyaspartic Coatings Market Key Players

Prominent players in the global polyaspartic coatings market are Covestro AG, The Sherwin-Williams Company, PPG Industries, Akzonobel, BASF SE, Hempel, SIKA AG, Carboline, Rust-Oleum, Laticrete International, Indmar Coatings, Satyen Polymers, VIP Coatings Solutions, The Floor Company, Flexmar Polyaspartics, Prokem Speciality Chemicals, Lifetime Flooring Systems, Advantage Chemical Coatings, Rhino Lining Corporation, Shorecrete Coatings Llc, US Coatings and Polyset. New product launches, mergers & acquisitions are the key strategies adopted by market players to ensure their growth in the market. 

Polyaspartic Coatings Market Recent Developments

  • April 2017: The Sherwin-Williams Company entered into an agreement with Axalta Coatings (US) in to sell some assets of Valspar’s North American Industrial Wood Coatings business to Axalta for USD 420 million.
  • July 2017: PPG introduced KWIKSPAR 600 and Kwikspar 600SG polyaspartic coatings, a line of corrosion-resistant, direct-to-metal (DTM) coatings formulated with advanced film-build and fast-cure characteristics to improve throughput in field and shop applications.

The polyaspartic coatings market is segmented by type, application, end user and geography. Various type of polyaspartic coatings are commercialized such as, hybrid polyaspartic coatings and pure polyaspartic coatings. Among these, hybrid polyaspartic coatings have high abrasion resistance and adhesion to metal and concrete structures. There has been an upsurge in the usage of hybrid polyaspartic coatings in the transportation, industrial, building & construction and power generation sectors. Polyaspartic coatings comprises of various systems such as, quartz and metallic. Metallic polyaspartic coating systems make it simple to get the perfect floor for your concrete, tile, VCT, or wood surface. This coating systems give bright, clean look with the protection and durability. Major end users of polyaspartic coatings market are building & construction, transportation, industrial, power generation and landscape. Polyaspartic coatings are extensively used in building & construction industry in various applications such as, bridge construction, commercial architecture, floor & roof coating, caulks, joint filling, etc. By geography, the polyaspartic coatings market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific accounts for a largest market share in the polyaspartic coatings market. The market growth in the Asia Pacific region is attributed to the factors such as, industrialization and growth of the building & construction sector and growing polyaspartic coatings market in terms of both production and demand in this region.

Why to buy this report:

  • The report offers changing market dynamics in the polyaspartic coatings market, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of polyaspartic coatings
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the polyaspartic coatings market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of polyaspartic coatings market