Chemical and Materials

Polyaspartic Coatings Market – Akzo Nobel N.V.; BASF Corporation; Hempel Group; Sika AG; Carboline; LATICRETE International, Indmar CoatingsCorporation

Polyaspartic Coatings Market

The Polyaspartic Coatings report has a lot to present to both established and new players in the industry with which they can absolutely understand the market. A wide-ranging competitor analysis involved in this report supports to build superior strategies of production, improvement in certain product, its advertising or marketing and promotion for the business. A market study in this report also tells about the market status in the forecast period of 2019-2026. Newest and established tools and techniques are used excellently to make the report outstanding. The advanced methods of SWOT analysis and Porter’s Five Forces analysis which are highly preferred by the businesses are utilized thoroughly in this market research report.

Global Polyaspartic Coatings Market is expected to rise to an estimated value of USD 749.48 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing levels of demand for the product from the various end-use industry especially because of the increasing urbanization giving rise to the demand from building & construction industry.

Market Definition: Global Polyaspartic Coatings Market

Polyaspartic coatings are innovative new coating technologies that are significantly more durable than traditional solutions available in the form of epoxy, urethane systems. It is a similar coating technology to polyurethane. Utilization of this coating only requires a single coating and it provides the same functionality of traditional coatings which require two or more coats. Major benefits with this technology are also the variety of colour options, more flexible nature and providing various protection/resistance against harmful environmental factors.

These coatings are generally utilized in various infrastructure to provide better protection of floors, structures as well as the various benefits such as reducing the maintenance requirements of infrastructures.

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Market Drivers:

  • High levels of effectiveness due to their quick drying systems; this factor is expected to increase its demand
  • Better cost-effectiveness and economic benefits as compared to traditional coating solutions such as polyurethane; this factor is expected to augment growth of the market
  • Easy application process is expected to positively affect the growth of the market

Segmentation: Global Polyaspartic Coatings Market

By Type

  • Pure Polyurea
  • Hybrid Polyurea

By Technology

  • Water-Borne
  • Solvent-Borne
  • Powder Coatings
  • Others

By System

  • Quartz
  • Metallic

By End-Use Industry

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

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

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Key Developments in the Market:

  • In January 2018, Pidilite Industries Ltd. announced that they had decided to acquire a majority stake of 70% in Cipy Polyurethanes Pvt. Ltd. This acquisition is expected to increase the business operations of Pidilite Industries Ltd. and increase their company growth by providing their consumers with resin flooring and floor coatings
  • In July 2017, PPG INDUSTRIES, INC. announced the launch of a new range of “Polyaspartic Coatings”. The product branded as “Kwikspar 600” and “Kwikspar 600SG” are corrosion-resistant direct-to-metal coatings that are designed to provide high curing time providing consumers with high-drying corrosion resistance solutions.

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Key Market Competitors:

Few of the major competitors currently working in the global polyaspartic coatings market are Covestro AG; The Sherwin-Williams Company; PPG INDUSTRIES, INC.; Akzo Nobel N.V.; BASF Corporation; Hempel Group; Sika AG; Carboline; LATICRETE International, Inc.; Indmar CoatingsCorporation; RPM International Inc.; Satyen Polymers Pvt. Ltd.; The Floor Company; FLEXMAR Polyaspartics; Lifetime Flooring Solutions, Inc.;; ADVACOAT; Rhino Linings Corporation; Duraamen Engineered Products, Inc.; Enviro Epoxy Products Inc.; Iron Man Coatings. Inc.; Pidilite Industries Ltd. and PATCHAM(FZC) among others.

Polyaspartic Coatings Market research report gives methodical idea about the current scenario of the global market, recent developments, product launches, joint ventures, capacity, production value, mergers and acquisitions based on several market dynamics. To make better decisions, generate maximum revenue, and enhance business profit, this Polyaspartic Coatings Market research report is a great key. Massive data and information of this report is collected from a multiple trustworthy sources such as journals, websites, white papers, annual reports of the companies, and mergers. This Polyaspartic Coatings report helps clients recognize new opportunities and most important customers for their business growth and increased revenue.

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