Polyaspartic Coatings Market Industry Trends Share & Size

Polyaspartic Coatings Market worth $388 million by 2025 - Exclusive Report by MarketsandMarkets™ According to the new market research report "Polyaspartic Coatings Market by Type (100% Solids Polyaspartic, Hybrid Polyaspartic), Systems (Quartz, Metallic), End-use Industry (Building & Construction, Transportation, Industrial, Power Generation, Landscape), & Region - Global Forecast to 2025", published by MarketsandMarkets™, The Polyaspartic Coatings Market is estimated at USD 329 million in 2020 and is projected to reach USD 388 million by 2025, at a CAGR of 3.4% between 2020 and 2025.

Download PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164349114 Browse in-depth TOC on “Polyaspartic Coatings Market” 160 - Tables 41 - Figures 170 - Pages View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/polyasparticcoating-market-164349114.html The PolyasparticCoatings Marketis expected to decline by 10.3% in 2020, in terms of value which are majorly affected by the lockdown measures, supply chain disruptions, increasing unemployment and the decreasing public spending. The rapid curing time and better properties of polyaspartic coatings compared to convention coatings are expected to drive the market.

Building & construction end-use industry has the largest share in the global Polyaspartic Coatings Market in 2019.

Polyaspartic coatings are widely used in the building & construction industry. The application areas include bridge construction, commercial architecture, floor & roof coating, caulks, joint fill, parking decks, concrete repair, and structural bonds. These coatings are used as topcoats, stone carpets, sealants, and waterproofing. Polyaspartic coatings are preferred for different types of construction flooring such as commercial, institutional, and residential flooring.

The use of conventional coating systems to coat a small area is usually time-consuming and labor-intensive. The curing time of such systems takes between 8-16 hours and uses 2K technology, which means that only one coat per day can be applied. A polyaspartic coating, on the other hand, can be used to coat a garage floor from start to finish in 5 hours. Hence, polyaspartic coatings might replace conventional coating technologies such as epoxy and polyurethane during the forecast period.

“The use of pure aliphatic polyurea to boost the market during the forecast period.”

100% solids polyaspartic coating is the result of the chemical reaction of polyisocyanates and aspartic with no solvent used. 100% solids polyaspartic plays a vital role in determining the properties of the final coated surface. It is used where higher elongation, tensile strength, and abrasion resistance are required. 100% solids polyaspartic is preferred as an anti-corrosive in sewage, effluent treatment, bed liners in automotive, tough surfaces in flooring, and has a life span of 15-20 years. Increase in demand for properties such as better abrasion resistance, superior tensile strength, better film quality, and moisture sensitivity is driving the market for pure polyaspartic coatings.

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“APAC to account for the largest share in the Polyaspartic Coatings Market during the forecast period.”

APAC is the largest Polyaspartic Coatings Market, and this dominance is expected to continue until 2025. China was the key market in the region, accounting for a majority of the demand for polyaspartic coatings, followed by Australia, Indonesia, and Indonesia in the year 2019. China is also expected to witness the highest growth rate, in terms of consumption, between 2019 and 2025. The implementation of stricter VOC regulations in the China from 2020 onwards will be a key factor for the growth of polyaspartic coatings during the forecast period.

The leading players in the Polyaspartic Coatings Market are The Sherwin-Williams Company (US), PPG Industries (US), BASF SE (Germany), AkzoNobel (Netherlands), Hempel (Denmark), Carboline (US), Rust-Oleum (US), Laticrete International (US), SIKA AG (Switzerland), Feiyang Protech (China), Indmar Coatings (US), Satyen Polymers (India), and VIP Coatings (Germany).

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Related Report: Polyurea Coatings Market by Type (Pure and Hybrid), Technology (Spraying, Pouring, and Hand Mixing), End-Use Industry (Building & Construction, Transportation, Industrial, and Landscape), Raw Material, and Region https://www.marketsandmarkets.com/Market-Reports/polyurea-coatings-market-152676861.html Industrial Floor Coating Market by Resin Type, Flooring Material (Concrete, Mortar, Terrazzo), Coating Component, Technology, End-use Sector (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region https://www.marketsandmarkets.com/Market-Reports/industrial-floor-coating-market-114088165.htm About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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