Polyaspartic Coatings Market Analysis | 2021-2026

Market Insights

"The global polyaspartic coatings market is likely to witness an impressive CAGR of 7.5% during the forecast period."

Polyaspartic coatings are the protective layers of aliphatic polyurea, which are applied to metal or concrete floor surfaces, by spraying, painting or plastering. These coatings are hard and tough, which enhance the protection capability, by preventing corrosion and erosion.

The polyaspartic coatings can be easily formulated for different applications at temperatures below freezing. These coatings are used for bridges, flooring, OEM coatings, automotive repair, wind turbines, and pipelines in the oil & gas industry, among others.

The major factor contributing to the demand for polyaspartic coatings is mainly the increasing usage of polyaspartic esters in various end-use applications, such as industrial, building & construction, and transportation, by simple manipulation. Further, polyaspartic coatings cure quicker than other coating systems, such as epoxy and polyurethane. All these factors are driving the growth of the polyaspartic coatings market.

Segment Analysis

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By Type

"The hybrid polyurea segment accounted for the largest market share."

Based on the type, the market is segmented as pure polyurea and hybrid polyurea. The hybrid polyurea segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Hybrid polyurea is a combination of polyamine, polyol, and isocyanate. It possesses various properties such as resistance from high abrasion and adhesion to metal and concrete structures. Further, these hybrid polyaspartic coatings are used in various applications such as building & construction, transportation, industrial, and power generation.

End-Use Industry Insights

Based on the end-use industry type, the polyaspartic coatings market is segmented as building & construction, transportation, industrial, power generation, and landscape. The building & construction industry segment is expected to be the fastest-growing segment during the forecast period. There are various applications in which these coatings are used such as bridge construction, floor & roof coating, caulks, joint fill, parking decks, concrete repair, and structural bonds. These coatings are used as topcoats, stone carpets, sealants, and waterproofing in these applications.

Regional Trends

"Asia-Pacific accounted for the largest market share."

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing polyaspartic coatings market during the forecast period, with China, Australia, Malaysia, and Indonesia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as building & construction, transportation, industrial, and power generation, which is generating huge demand for polyaspartic coatings and the presence of a large number of polyaspartic coating manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major polyaspartic coating manufacturers are-

• Covestro AG
• The Sherwin-Williams Company
• PPG Industries, Inc.
• BASF SE
• AkzoNobel N.V.
• Hempel Group.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The polyaspartic coatings market is segmented into the following categories:

By Type:

• Pure Polyurea
• Hybrid Polyurea

By System Type:

• Quartz
• Metallic

By End-Use Industry Type:

• Building & Construction
• Transportation
• Industrial
• Power Generation
• Landscape

By Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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