01-Aug-2019 | Zion Market Research
Zion Market Research has published a new report titled “Polyaspartic Coatings Market by Type (Pure Polyurea and Hybrid Polyurea), by Technology (Water-Borne, Solvent-Borne, and Powder Coatings), and by End-User (Building & Construction, Transportation, Infrastructure, Power Generation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global polyaspartic coatings market was USD 356 million in 2018 and is expected to reach around USD 603 million by 2025, at a CAGR of 7.8% between 2019 and 2025.
Polyaspartic is an aliphatic polyurea that is derived from an aliphatic polyisocyanate component reaction product and a polyaspartic ester element, which is a new diamine/amine functional coreactant of aliphatic polyisocyanate. Polyaspartic coatings are used in a wide variety of applications, such as metal coatings in bridge beams, railways, offshore marine items, etc. The global polyaspartic coatings market is projected to witness notable growth over the forecast time period, owing to the increasing applications of polyaspartic coatings in the building and construction industry. Polyaspartic coating is widely used as stone carpets, topcoats, sealants, and waterproofing. Moreover, the emerging applications of polyaspartic coatings in the marine industry, as these coatings provide excellent corrosion resistance and dry extremely fast, which are anticipated to further propel the polyaspartic coatings market globally.
Browse the full “Polyaspartic Coatings Market by Type (Pure Polyurea and Hybrid Polyurea), by Technology (Water-Borne, Solvent-Borne, and Powder Coatings), and by End-User (Building & Construction, Transportation, Infrastructure, Power Generation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/polyaspartic-coatings-market
The global polyaspartic coatings market is classified on the basis of type, technology, and end-user. The type segment includes pure polyurea and hybrid polyurea. Hybrid polyurea contributed the largest share to the global polyaspartic coatings market in 2018 and is projected to maintain its growth in the upcoming years as well. This can be attributed to increased product usage in construction and automotive industries. Hybrid polyurea is a mixture of polyol, polyamine, and isocyanate, which has high adhesion to metal and concrete structures and abrasion resistance. Additionally, pure polyurea is projected to grow at the highest rate in the future.
Based on technology, the polyaspartic coatings market includes solvent-borne, water-borne, and powder coatings. Solvent-borne technology dominated the global polyaspartic coatings market in 2018. Water-borne technology is estimated to grow at the fastest rate over the upcoming years.
The end-user segment of the polyaspartic coatings market comprises transportation, building and construction, infrastructure, power generation, and others. The building and construction segment contributed the largest share to the global market in 2018 and is expected to register the fastest growth in the future.
The Asia Pacific is the largest contributor to the polyaspartic coatings market globally and is projected to continue its dominance in the future as well. This regional dominance is attributed to the rising polyaspartic coatings demand by the automotive and construction industries in the developing countries of India, China, and Indonesia. Moreover, technological advancements witnessed in polyaspartic coatings are likely to enhance its consumption globally. The North American polyaspartic coatings market is predicted to grow significantly over the upcoming years.
Some major players of the global polyaspartic coatings market are The Sherwin-Williams, BASF, Covestro, AkzoNobel, PPG Industries, Rust-Oleum, Hempel, Laticrete, VIP Coatings, and SIKA.
This report segments the global polyaspartic coatings market into:
Global Polyaspartic Coatings Market: Type Analysis
Global Polyaspartic Coatings Market: Technology Analysis
Global Polyaspartic Coatings Market: End-User Analysis
Global Polyaspartic Coatings Market: Regional Analysis
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