Dublin, April 30, 2019 (GLOBE NEWSWIRE) -- The "Polyaspartic Coatings Market by Type (Pure Polyurea, Hybrid Polyurea), Systems (Quartz, Metallic), End-use Industry (Building & Construction, Transportation, Industrial, Power Generation, Landscape), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The market size of polyaspartic coatings was USD 336.1 million in 2017 and is projected to register a CAGR of 7.8% between 2018 and 2023.
Polyaspartic is an aliphatic polyurea, a fairly new addition to the coatings industry. New innovations make this coating more versatile as compared to already existing coating systems. For example, the application of one coat of polyaspartic coating is equivalent to applying two to three coats of urethane and epoxy coating. Polyaspartic coatings are widely used in the construction flooring, infrastructure, transportation, and chemical processing industries. These coatings are known for their softness, flexibility, and gloss & color retention even under high temperature operating conditions.
These coatings are high solids, no solvent and low VOC, can be used at high temperatures, and do not react chemically with the substrate they are used in. These properties of polyaspartic coatings drive their demand in the building & construction, transportation, industrial, and power generation industries. In addition, polyaspartic coatings are environment-friendly, which is another major driving factor for the market. However, the high cost of manufacturing these coatings restrains market growth.
The leading players of the polyaspartic coatings market are Covestro AG (Germany), The Sherwin-Williams Company (US), PPG Industries (US), BASF SE (Germany), and AkzoNobel (Netherlands). These players have adopted expansions, acquisitions, new product developments, and agreements as their key growth strategies.
Key Topics Covered:
1 Introduction
2 Research Methodology
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
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Productivity and Cost Efficiency
5.2.1.2 Higher Efficiency Compared to Conventional Coating Technology
5.2.1.3 Quick and Safe Application
5.2.1.4 Customizable Options
5.2.2 Restraints
5.2.2.1 Higher Cost Compared to Conventional Coatings
5.2.3 Opportunities
5.2.3.1 Advancements in Technology and Emerging Applications
5.2.3.2 Growing Opportunities in Emerging Economies
5.2.3.3 Increase in Industrial and Commercial Construction
5.2.4 Challenges
5.2.4.1 Limited Awareness About Polyaspartic Coatings
5.2.4.2 Already Existing Coating Technologies
5.3 Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview
5.4.1 Introduction
5.4.2 GDP Growth Rate and Forecast of Major Economies
5.4.3 Construction Industry Analysis
6 Polyaspartic Coatings Market, By Type
6.1 Introduction
6.2 Pure Polyurea
6.2.1 Short Curing and Long Pot Life of Pure Polyurea is Expected to Drive the Demand for Polyaspartic Coatings
6.3 Hybrid Polyurea
6.3.1 Lesser Price and Better Properties Than Conventional Coatings are Expected to Drive the Demand for Polyaspartic Coatings
7 Polyaspartic Coatings Market, By System
7.1 Introduction
7.2 Quartz
7.2.1 Increasing Use in Residential and Commercial Buildings Expected to Drive the Demand for Polyaspartic Coatings
7.3 Metallic
7.3.1 Increasing Use in Bridge Construction and OEM Coatings is Expected to Drive the Demand for Polyaspartic Coatings
8 Polyaspartic Coatings Market, By End-Use Industry
8.1 Introduction
8.2 Building & Construction
8.2.1 Increasing Demand for Better Coating That is Not Susceptible to Weather Change is Projected to Drive the Polyaspartic Coatings Market in the Building & Construction Industry
8.3 Transportation
8.3.1 Polyaspartic-Based Systems Offer Substantial Savings in Cycle Times and Energy Consumption in the Transportation End-Use Industry
8.4 Industrial
8.4.1 Increased Productivity and Cost Efficiency to Drive the Polyaspartic Coatings Market in the Industrial Sector
8.5 Power Generation
8.5.1 Fast Curing, Uv Resistance, and Long-Term Protection Properties Will Boost the Polyaspartic Coatings Market in the Power Generation Industry
8.6 Landscape
8.6.1 Ability to Reduce Maintenance Cycles is Expected to Drive the Polyaspartic Coatings Market in the Landscape Industry
9 Polyaspartic Coatings Market, By Region
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping, 2017
10.3 Competitive Scenario
11 Company Profiles
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
11.11.1 Indmar Coatings
11.11.2 Satyen Polymers
11.11.3 VIP Coatings Solutions
11.11.4 The Floor Company
11.11.5 Flexmar Polyaspartics
11.11.6 Prokem Speciality Chemicals
11.11.7 Lifetime Flooring Systems
11.11.8 Advantage Chemical Coatings
11.11.9 Rhino Lining Corporation
11.11.10 Shorecrete Coatings Llc
11.11.11 US Coatings
11.11.12 Polyset
For more information about this report visit https://www.researchandmarkets.com/r/5zhfd8
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Paints and Coatings