A polyaspartic coating is a protective layer of aliphatic polyurea that is applied to metal or concrete floor surfaces. The surfaces are layered by spraying, painting or plastering to prevent corrosion and erosion.
Analysis of Global Polyaspartic Coatings Market 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.
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- 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
- Large financial costs in comparison to traditional coating solutions; this factor is expected to drive the growth of the market
- Concerns regarding the emissions of VOC amid presence of strict environmental regulations proposed by the government; this factor is expected to restrict the growth of the market
Leading Key players profiled in this report are:
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.; Prokemsc.com; ADVACOAT; Rhino Linings Corporation; Duraamen Engineered Products, Inc.; Enviro Epoxy Products Inc.; Iron Man Coatings. Inc.; Pidilite Industries Ltd. and PATCHAM(FZC) among others.
Global Polyaspartic Coatings Market Segmentation:
- Pure Polyurea
- Hybrid Polyurea
- Powder Coatings
By End-Use Industry
- Building & Construction
- Rail Car
- Power Generation
- North America
- South America
Global polyaspartic coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyaspartic coatings market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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The Global Polyaspartic Coatings Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Polyaspartic Coatings Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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