Polyaspartic Coatings Market

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 Code: CH 7033 Apr, 2019, by marketsandmarkets.com

[146 Pages Report] The market for polyaspartic coatings is projected to grow from USD 358 million in 2018 to USD 521 million by 2023, at a CAGR of 7.8% during the forecast period. Aspartics react with aliphatic polyisocyanates to form polyaspartics. Polyaspartic technology differentiates itself from traditional polyurethanes as these polyaspartic esters can be used in various end-use applications by simple manipulation. While coating systems such as epoxy and polyurethane take longer to cure polyaspartic coatings cure more quickly. These coatings can also be easily formulated for application at temperatures below freezing. Polyaspartic coatings are used for bridges, flooring, OEM coatings, automotive repair, wind turbines, and pipelines in the oil & gas industry, among others.

Polyaspartic Coatings Market

Building & construction is projected to be the fastest-growing end-use industry during the forecast period.

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. Polyaspartic coatings in construction are used as topcoats, stone carpets, sealants, and waterproofing.These applications of polyaspartic coatings are expected to drive the market.

Hybrid polyurea is projected to be the largest segment of the polyaspartic market during the forecast period.

Hybrid polyurea is a combination of polyamine, polyol, and isocyanate. .  In order to obtain the same reactivity as pure polyurea systems, catalysts are added, making hybrid systems more sensitive to moisture than pure polyurea. These hybrid polyureas have high abrasion resistance and adhesion to metal and concrete structures. There has been an increase in the use of hybrid polyaspartic coatings in the building & construction, transportation, industrial, and power generation sectors in APAC due to continued industrialization and growth in the building & construction sector in countries of the region.

APAC is projected to be the largest market during the forecast period.

APAC is the largest polyaspartic coatings market, and this dominance is expected to continue until 2023. China was the key market in the region, followed by Australia, Malaysia, and Indonesia in the year 2017. China is also expected to witness the highest growth rate, in terms of consumption, between 2018 and 2023. There is an increase in the consumption of polyaspartic coatings in the building & construction, transportation, industrial, and power generation sectors in APAC due to industrialization and growth of the building & construction sector of the region. Growing innovation and the rising demand for improved products are driving the use of polyaspartic coatings.

Polyaspartic Coatings Market

Key Market Players

The leading players in the polyaspartic coatings market are Covestro AG (Germany), The Sherwin-Williams Company (US), PPG Industries (US), BASF SE (Germany), AkzoNobel (Netherlands), Hempel Group (Denmark), Rust-Oleum (US), Laticrete (US), SIKA AG (Switzerland), Satyen Polymers (India), and VIP Coatings (Germany). These players adopted expansions, acquisitions, new product development, and agreements as their key growth strategies from 2015 to 2018, which helped them increase their capacities and cater to the widening customer base.

Covestro AG generates its major revenue from the polyurethane business segments and generates only 16% of its revenue from the coatings, additives, specialties business segment. The company has production sites in North America, Europe, and APAC. In APAC, the company is majorly focused on generating revenue from China, India, and Taiwan.

The Sherwin-Williams company is one of the leading producers of paints and coatings in the market and is focused on research & development in order to develop new technologies. With the acquisition of Valspar, the company now operates with 84 manufacturing and distribution facilities. It serves various end-use industries. The company is one of the top producers of polyaspartic coatings and launched EnviroLastic, which has anti-microbial properties and can be used to resist molds, mildew, and fungus in storage tanks and in the food processing industry.  

PPG Industries is one of the leading manufacturers of performance coatings, globally. The company invests and emphasizes on research & development activities in order to come up with new technologies in the paints and coatings market. The company has two separate innovation centers and mobility teams that focus on new developments in the areas the company caters to. Apart from innovation, the company focuses on sustainability and environment safety, PPG has reduced its carbon emissions by 25% and energy usage by 22% since 2012.

Recent Developments

  • The Sherwin-Williams company entered into an agreement with Axalta Coatings (US) in April 2017 to sell some assets of Valspar’s North American Industrial Wood Coatings business to Axalta for USD 420 million. North American Industrial Wood Coatings is one of the leading providers of OEM coatings. This agreement will provide technical service and support as well as increase the focus on innovation in advanced technology.
  • PPG introduced the Kwikspar 600 and Kwikspar 600SG polyaspartic coatings range in July 2017, which is a line-corrosion-resistant, direct-to-metal formulated and fast curing coating and can be used in steel building and structural components that require protection against corrosion and weathering.

Key Questions Addressed by the Report

  • What are the global demand trends for polyaspartic coatings? Will the market witness an increase or decline in demand in the coming years?
  • What is the estimated demand for polyaspartic coatings? Which type is used the most in end-use industries?
  • What were the revenue pockets for the polyaspartic coatings market in 2017?
  • What are the upcoming technologies/product areas that will have a significant impact on the market in the future?
  • Who are the major polyaspartic coatings manufacturers, globally?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regions Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    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 (Page No. - 36)
    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 (Page No. - 44)
    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 (Page No. - 48)
    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 (Page No. - 52)
    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 (Page No. - 61)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 Increasing Demand for Corrosion-Resistant Coatings in the Energy Pipeline Industry Projected to Drive the Market
           9.2.2 Canada
                    9.2.2.1 Increasing Focus on Oil & Gas Export Spurring the Demand for Polyaspartic Coatings
           9.2.3 Mexico
                    9.2.3.1 Low Operational Cost of Manufacturing and Increasing Investments in the Construction Industry Expected to Boost the Demand for Polyaspartic Coatings
    9.3 APAC
           9.3.1 China
                    9.3.1.1 Increased Spending on Infrastructure and Moderate Government Regulations Drive the Market for Polyaspartic Coatings
           9.3.2 Australia
                    9.3.2.1 Increased Capital Investment in Public and Private Construction Drive the Market
           9.3.3 Malaysia
                    9.3.3.1 Growing Infrastructure Projects to Drive the Demand for Polyaspartic Coatings
           9.3.4 Indonesia
                    9.3.4.1 Government Reforms on Tax and Investment in Infrastructure to Drive the Polyaspartic Coatings Market
           9.3.5 Rest of APAC
    9.4 Europe
           9.4.1 Germany
                    9.4.1.1 Increasing Investment in Infrastructure and Growing Residential Construction Sector Expected to Drive Demand for Polyaspartic Coatings
           9.4.2 UK
                    9.4.2.1 Government Initiatives in Infrastructure Projects to Increase the Demand for Polyaspartic Coatings
           9.4.3 France
                    9.4.3.1 Increasing Manufacturing Activities are Contributing to Market Growth
           9.4.4 Russia
                    9.4.4.1 Increasing Investment in Industry and Railway Infrastructure are Boosting the Demand for Polyaspartic Coatings
           9.4.5 Spain
                    9.4.5.1 Increasing Focus on Aerospace and Industrial Sectors is Boosting the Demand for Polyaspartic Coatings
           9.4.6 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 UAE
                    9.5.1.1 Government Investments in Mega Projects Driving the Polyaspartic Coatings Market
           9.5.2 Saudi Arabia
                    9.5.2.1 Growing Infrastructure Development to Drive Demand for Polyaspartic Coatings
           9.5.3 South Africa
                    9.5.3.1 Focus on Industrialization to Drive Demand for Polyaspartic Coatings
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
                    9.6.1.1 Government Efforts to Develop Infrastructure for Transportation, Residential, and Energy Industries Projected to Drive the Market
           9.6.2 Argentina
                    9.6.2.1 Government’s Public-Private Partnerships Policy Spurring Demand for Polyaspartic Coatings
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 111)
     10.1 Introduction
     10.2 Competitive Leadership Mapping, 2017
             10.2.1 Terminology/Nomenclature
                        10.2.1.1 Visionary Leaders
                        10.2.1.2 Innovators
                        10.2.1.3 Dynamic Differentiators
                        10.2.1.4 Emerging Companies
             10.2.2 Strength of Product Portfolio
             10.2.3 Business Strategy Excellence
     10.3 Competitive Scenario
             10.3.1 Expansions
             10.3.2 Acquisitions
             10.3.3 New Product Launches

11 Company Profiles (Page No. - 118)
(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
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 
     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

12 Appendix (Page No. - 140)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Related Reports
     12.4 Author Details


List of Tables (154 Tables)

Table 1 Trends and Forecast of GDP Growth Rate, By Country, 2017–2023
Table 2 Polyaspartic Coatings Market Size, By Type, 2018-2023 (Tons)
Table 3 Polyaspartic Coatings Market Size, By Type, 2018-2023 (USD Million)
Table 4 Pure Polyurea Market Size, By Region, 2016—2023 (Tons)
Table 5 Pure Polyurea Market Size, By Region, 2016—2023 (USD Million)
Table 6 Hybrid Polyurea Market Size, By Region, 2016—2023 (Tons)
Table 7 Hybrid Polyurea Market Size, By Region, 2016—2023 (USD Million)
Table 8 Polyaspartic Coatings Market Size, By System, 2016–2023 (Tons)
Table 9 Polyaspartic Coatings Market Size, By System, 2016–2023 (USD Million)
Table 10 Quartz Coating Systems Market Size, By Region, 2016–2023 (Tons)
Table 11 Quartz Coating Systems Market Size, By Region, 2016–2023 (USD Million)
Table 12 Metallic Coating Systems Market Size, By Region, 2016–2023 (Tons)
Table 13 Metallic Coating Systems Market Size, By Region, 2016–2023 (USD Million)
Table 14 Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 15 Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 16 Polyaspartic Coatings Market Size in Building & Construction, By Region, 2016–2023 (Tons)
Table 17 Polyaspartic Coatings Market Size in Construction Flooring, By Region, 2016–2023 (USD Million)
Table 18 Polyaspartic Coatings Market Size in Transportation, By Region, 2016–2023 (Tons)
Table 19 Polyaspartic Coatings Market Size in Transportation, By Region, 2016–2023 (USD Million)
Table 20 Polyaspartic Coatings Market Size in Industrial, By Region, 2016–2023 (Tons)
Table 21 Polyaspartic Coatings Market Size in Industrial, By Region, 2016–2023 (USD Million)
Table 22 Polyaspartic Coatings Market Size in Power Generation, By Region, 2016–2023 (Tons)
Table 23 Polyaspartic Coatings Market Size in Power Generation, By Region, 2016–2023 (USD Million)
Table 24 Polyaspartic Coatings Market Size in Landscape, By Region, 2016–2023 (Tons)
Table 25 Polyaspartic Coatings Market Size in Landscape, By Region, 2016–2023 (USD Million)
Table 26 Polyaspartic Coatings Market Size, By Region, 2016–2023 (Tons)
Table 27 Polyaspartic Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 28 North America: Polyaspartic Coatings Market Size, By Country, 2016–2023 (Tons)
Table 29 North America: Polyaspartic Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 30 North America: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 31 North America: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 32 North America: Polyaspartic Coatings Market Size, By System, 2016–2023 (Tons)
Table 33 North America: Polyaspartic Coatings Market Size, By System, 2016–2023 (USD Million)
Table 34 North America: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 35 North America: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 36 US: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 37 US: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 38 US: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 39 US: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 40 Canada: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 41 Canada: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 42 Canada: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 43 Canada: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 44 Mexico: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 45 Mexico: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 46 Mexico: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 47 Mexico: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 48 APAC: Polyaspartic Coatings Market Size, By Country, 2016–2023 (Tons)
Table 49 APAC: Polyaspartic Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 50 APAC: Polyaspartic Coatings Market Size, By Type 2016–2023 (Tons)
Table 51 APAC: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 52 APAC: Polyaspartic Coatings Market Size, By System, 2016–2023 (Tons)
Table 53 APAC: Polyaspartic Coatings Market Size, By System, 2016–2023 (USD Million)
Table 54 APAC: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 55 APAC: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 56 China: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 57 China: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 58 China: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 59 China: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 60 Australia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 61 Australia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 62 Australia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 63 Australia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 64 Malaysia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 65 Malaysia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 66 Malaysia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 67 Malaysia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 68 Indonesia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 69 Indonesia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 70 Indonesia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 71 Indonesia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 72 Rest of APAC: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 73 Rest of APAC: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 74 Rest of APAC: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 75 Rest of APAC: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 76 Europe: Polyaspartic Coatings Market Size, By Country, 2016–2023 (Tons)
Table 77 Europe: Polyaspartic Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 78 Europe: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 79 Europe: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 80 Europe: Polyaspartic Coatings Market Size, By System, 2016–2023 (Tons)
Table 81 Europe: Polyaspartic Coatings Market Size, By System, 2016–2023 (USD Million)
Table 82 Europe: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 83 Europe: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 84 Germany: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 85 Germany: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 86 Germany: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 87 Germany: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 88 UK: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 89 UK: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 90 UK: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 91 UK: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 92 France: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 93 France: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 94 France: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 95 France: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 96 Russia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 97 Russia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 98 Russia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 99 Russia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 100 Spain: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 101 Spain: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 102 Spain: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 103 Spain: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 104 Rest of Europe: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 105 Rest of Europe: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 106 Rest of Europe: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 107 Rest of Europe: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 108 Middle East & Africa: Polyaspartic Coatings Market Size, By Country, 2016–2023 (Tons)
Table 109 Middle East & Africa: Polyaspartic Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 110 Middle East & Africa: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 111 Middle East & Africa: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 112 Middle East & Africa: Polyaspartic Coatings Market Size, By System, 2016–2023 (Tons)
Table 113 Middle East & Africa: Polyaspartic Coatings Market Size, By System, 2016–2023 (USD Million)
Table 114 Middle East & Africa: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 115 Middle East & Africa: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 116 UAE: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 117 UAE: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 118 UAE: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 119 UAE: Polyaspartic Coatings Market Size, By End-Use Industry , 2016–2023 (USD Million)
Table 120 Saudi Arabia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 121 Saudi Arabia: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 122 Saudi Arabia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 123 Saudi Arabia: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 124 South Africa: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 125 South Africa: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 126 South Africa: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 127 South Africa: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 128 Rest of Middle East & Africa: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 129 Rest of Middle East & Africa: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 130 Rest of Middle East & Africa: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 131 Rest of Middle East & Africa: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 132 South America: Polyaspartic Coatings Market Size, By Country, 2016–2023 (Tons)
Table 133 South America: Polyaspartic Coatings Market Size, By Country, 2016–2023 (USD Million)
Table 134 South America: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 135 South America: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 136 South America: Polyaspartic Coatings Market Size, By System, 2016–2023 (Tons)
Table 137 South America: Polyaspartic Coatings Market Size, By System, 2016–2023 (USD Million)
Table 138 South America: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 139 South America: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 140 Brazil: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 141 Brazil: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 142 Brazil: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 143 Brazil: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 144 Argentina: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 145 Argentina: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 146 Argentina: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 147 Argentina: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 148 Rest of South America: Polyaspartic Coatings Market Size, By Type, 2016–2023 (Tons)
Table 149 Rest of South America: Polyaspartic Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 150 Rest of South America: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (Tons)
Table 151 Rest of South America: Polyaspartic Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 152 Expansions, 2017–2018
Table 153 Acquisitions, 2015–2017
Table 154 New Product Launches, 2017–2018


List of Figures (35 Figures)

Figure 1 Polyaspartic Coatings Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Polyaspartic Coatings Market: Data Triangulation
Figure 5 Hybrid Polyurea Estimated to Dominate the Type Segment in the Polyaspartic Coatings Market in 2018
Figure 6 Building & Construction to Be the Fastest-Growing End-Use Industry of Polyaspartic Coatings
Figure 7 APAC to Be the Fastest-Growing Polyaspartic Coatings Market During the Forecast Period
Figure 8 Rapid Curing Time and High Corrosion Resistance Properties to Drive the Polyaspartic Coatings Market Between 2018 and 2023
Figure 9 Pure Polyurea Segment Accounted for the Largest Market Share in APAC in 2017
Figure 10 Polyurea Segment to Register the Highest CAGR
Figure 11 Quartz Segment to Register the Highest CAGR During the Forecast Period
Figure 12 Building & Construction to Be the Fastest-Growing End-Use Industry (2018–2023)
Figure 13 China to Be the Fastest-Growing Market for Polyaspartic Coatings
Figure 14 Overview of Factors Governing the Polyaspartic Coatings Market
Figure 15 Polyaspartic Coatings Market: Porter’s Five Forces Analysis
Figure 16 Global Construction Output, 2015–2019
Figure 17 Global Construction Industry Growth Rate
Figure 18 China to Be the Fastest-Growing Polyaspartic Coatings Market
Figure 19 North America: Polyaspartic Coatings Market Snapshot
Figure 20 APAC: Polyaspartic Coatings Market Snapshot
Figure 21 Companies Majorly Adopted Organic Growth Strategies Between 2015 to 2018
Figure 22 Market Evaluation Framework
Figure 23 Polyaspartic Coatings Market: Competitive Leadership Mapping, 2017
Figure 24 Covestro AG: Company Snapshot
Figure 25 Covestro AG: SWOT Analysis
Figure 26 The Sherwin-Williams Company: Company Snapshot
Figure 27 The Sherwin-Williams Company: SWOT Analysis
Figure 28 PPG Industries: Company Snapshot
Figure 29 PPG Industries: SWOT Analysis
Figure 30 Akzonobel: Company Snapshot
Figure 31 Akzonobel: SWOT Analysis
Figure 32 BASF SE: Company Snapshot
Figure 33 BASF SE: SWOT Analysis
Figure 34 Hempel: Company Snapshot
Figure 35 SIKA AG: Company Snapshot

This study involved four major activities to estimate the current market size of polyaspartic coatings. Exhaustive secondary research was carried out to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies; white papers; publications by recognized websites; and databases were referred to for identifying and collecting information. Secondary research was used to obtain key information about the supply chain of the industry, the total pool of key players, market classification, and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both, the market- and technology-oriented perspectives.

Primary Research

The polyaspartic coatings market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the building & construction, industrial, transportation, power generation, and other industries. The supply side is characterized by advancements in technology and diverse end-use industries. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Polyaspartic Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global polyaspartic coatings market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials such as directors and marketing executives.

Data Triangulation

After arriving at the total market size through the estimation process, the overall market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both, the demand and supply sides. In addition, the market size was validated by using the top-down and bottom-up approaches. Then, it was verified through primary interviews. Thus, for every data segment, there were three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed to be correct when the values arrived at from the three sources matched.

Report Objectives

  • To define, describe, and forecast the size of the polyaspartic coatings  market, in terms of value and volume
  • To provide detailed information regarding the significant factors (drivers, restraints, and opportunities) influencing the growth of the market
  • To analyze and forecast the market size on the basis of type, system, and end-use industry
  • To forecast the market size of different segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To analyze the competitive developments such as expansion, new product launches, and acquisition
  • To strategically profile the key players and comprehensively analyze their growth strategies

Scope of the Report

Report Metric

Details

Years considered for the study

2016–2023

Base year

2017

Forecast period

2018–2023

Units considered

Value (USD Million) and Volume (Tons)

Segments

Type, System, End-use industry, and Region

Regions

North America, APAC, Europe, Middle East & Africa, and South America

Companies profiled

Covestro AG (Germany), The Sherwin-Williams Company (US), PPG Industries (US), BASF SE (Germany), AkzoNobel  (Netherlands), Hempel Group (Denmark), Rust-Oleum (US), Laticrete (US), SIKA AG (Switzerland), Satyen polymers (India), and VIP Coatings (Germany) among the total 22 major players covered

This research report categorizes the global polyaspartic coatings market on the basis of type, system, end-use industry, and region.

On the basis of type:

  • Pure Polyurea
  • Hybrid Polyurea

On the basis of systems:

  • Quartz
  • Metallic

On the basis of end-use industry:

  • Building & Construction
  • Transportation
  • Industrial
  • Power Generation
  • Landscape

On the basis of region:

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographical Analysis:

  • Country-level analysis of the global polyaspartic coatings market

Company Information:

  • Detailed analysis and profiles of additional market players

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company
Report Code
CH 7033
Published ON
Apr, 2019
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