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Polyaspartic Coatings Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Global Polyaspartic Coatings Market is predicted to value over USD 680 million by 2026 end and record a CAGR of over 6.3% during the forecast period of 2019 to 2026.
Polyaspartic Coatings Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global Polyaspartic Coatings Market is predicted to value over USD 680 million by
2026 end and record a CAGR of over 6.3% during the forecast period of 2019 to
Market Introduction:
The construction sector has been on a rise in recent times. Polyurethanes and epoxy
coatings that are commonly used for coating construction components are less
durable and hard when compared to polyaspartic coatings. Furthermore, they are
also corrosion-resistant which makes them susceptible to harsh environments.
Market Drivers and Restraints:
The growing number of modern residential units and skyscrapers and the
employment of coatings of high quality for protecting core components are some of
the factors that are driving the Polyaspartic coatings market worldwide. Applying
polyaspartic coatings is a time-saving and cost-saving process when compared to
conventional coatings and these factors will surely drive forward the global market
during the forecast period.
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Insights on Global Polyaspartic Coatings Market:
1. By Region
• North America
• Europe
• Asia Pacific
• Rest of the World
North America currently holds the major market share and it is expected that it will
continue to dominate the market during the forecast period. The key factors for
adopting polyaspartic coatings are stringent construction regulations and prioritizing
the reduction of VOC emissions. The Asia Pacific and Europe are experiencing a rise
in demand for polyaspartic coatings since 2016. Moreover, the ever-expanding
automotive sector in India, Malaysia, China, Thailand, Indonesia and Vietnam is likely
to increase the exigency for polyaspartic coatings during the forecast period.
2. By Technology
• Solvent Based
• Water-Based
• Powder Based
Solvent-based technology segment dominates the market as of now. However, it is
predicted that water-based will surpass the solvent-based technology during the
forecast period and the primary reason for this to happen is the strict VOC emission
regulations. Concern for the environment is another key factor responsible for the
rise in demand for water-based paint. Powder-based technology, on the other hand,
is predicted to hold a small market share during the forecast period.
By End-User
Power Generation
The construction sector has a huge requirement for eco-friendly products that don’t
discharge toxic gases in the environment. There is a huge demand for LEED and
BREEAM-certified buildings which will be a propelling factor for the polyaspartic
coatings market globally. Polyaspartic coating is also applied on automobiles for
slowing down the process of deterioration and increase their longevity which will
help drive the market even further. Furthermore, power sector possesses a
significant market share and the reason behind this is the attribute of corrosion
resistance that polyaspartic coatings offer along with a reduction in maintenance
costs making them suitable for offshore wind turbine blades, power equipment, wind
tower and many more.
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Competitive Landscape:
• Akzo Nobel N.V
• PPG Industries
• Sika Corp.
• The Sherwin Williams Company
• Covestro AG
• Rust-Oleum Corp.
Covestro’s Pasquick polyaspartic coating technology has a variety of benefits like it is
cost efficient and it saves time as it provides a same level of protection any
conventional coating will do but with a layer less applied. Hempel A/S used Pasquick
to use it as a topcoat along with a zinc epoxy primer which has now become an
industry standard. Enercon Windtower Production (EWP) was the end client and
Midroc Alucrom AB were the contractors who assigned this project to Hempel in
order to speed up the coating process.
The Sher-Williams company emphasizes more on the research and development in
coating technology and by acquiring Valspar, they have started their operations with
84 distribution and manufacturing facilities. They recently launched EnviroLastic
which can be used to resist mildew, molds and fungus in storage tanks due to its antimicrobial characteristics. They signed an agreement with Axalta Coatings in April
2017 to sell some of the Valspar’s North American industrial woods coatings business
assets to Axalta for USD 420 million
PPG industries have reduced their carbon emission by 25% and energy usage by 22%
by using polyaspartic coatings. They introduced the Kwikspar 600SG and Kwikspar
600 polyaspartic coating range in 2017 which is a fast curing, corrosion-resistant
coating that can be used in structural components and steel buildings that require
corrosion resistance.
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
• 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
Table of Contents
1: Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2: Research Methodology
2.1 Research Data
3: Executive Summary
4: Premium Insights
4.1 Attractive Opportunities in the Polyaspartic Coatings Market
4.2 APAC Polyaspartic Coatings Market, By Type and Country
4.3 Polyaspartic Coatings Market, By Type
4.4 Polyaspartic Coatings Market, By System
4.5 Polyaspartic Coatings Market, By End-Use Industry
4.6 Polyaspartic Coatings Market, By Region
5: Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Porter’s Five Forces Analysis
5.4 Macroeconomic Overview
6: Polyaspartic Coatings Market, By Type
6.1 Introduction
6.2 Pure Polyurea
6.3 Hybrid Polyurea
7: Polyaspartic Coatings Market, By System
7.1 Introduction
7.2 Quartz
7.3 Metallic
8: Polyaspartic Coatings Market, By End-Use Industry
8.1 Introduction
8.2 Building & Construction
8.3 Transportation
8.4 Industrial
8.5 Power Generation
8.6 Landscape
9: Polyaspartic Coatings Market, By Region
9.1 Introduction
9.2 North America
9.3 APAC
9.4 Europe
10: Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping, 2017
10.3 Competitive Scenario
11: Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM
View) *
11.1 Covestro AG
11.2 The Sherwin-Williams Company
11.3 PPG Industries
11.4 Akzonobel
11.5 BASF SE
11.6 Hempel
11.7 SIKA AG
11.8 Carboline
11.9 Rust-Oleum
11.10 Laticrete International
11.11 Other Key Players
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