Polyaspartic Coatings Market By Technology (Water-Borne, Solvent-Borne, Powder Coatings, Others), Type (Pure Polyaspartic Coatings, Hybrid Polyaspartic Coatings), Application, And Segment Forecasts, 2017-2026
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The polyaspartic coatings market is expected to reach USD 630.8 Million by 2026, according to a new report by Research Genics. This can be mainly associated with the increasing demand from the construction industries and properties like extremely resistant to temperature, chemical & oil stains, light, and strong adhesion for lightweight materials, which are expected to accelerate the market growth globally.Polyaspartic coatings characteristics of high strength and hardness makes them superior over regularly used coatings such as epoxy and polyurethanes. With direct sunlight, epoxy coatings tend to fade and can turn yellow with aging. Other factors such as greater film thickness, low color values, reduced drying times, odorless, long pot life, and excellent compatibility with most surfaces makes them favorable for concrete floor applications. They are also subjected to hot tires when implemented to a parking platform or garage floor. These coatings are suitable for harsh environment applications as they offer prevention against corrosion.
The market in APAC accounts for the largest share of 29.3% of the market in 2018. There is an expansion in the consumption of polyaspartic coatings in the building & construction, industrial, transportation, and power generation industries in APAC due to growing industrialization and increase in the building & construction sector of the region.Akzonobel, The Sherwin-Williams Company, Covestro AG, SIKA AG, BASF SE, PPG Industries, Carboline, Hempel, Flexmar Coatings, Inc. Chromaflo Technologies Corporation, Neogard, and Polyval Coatings Inc.Water-Borne, Solvent-Borne, Powder Coatings, Others
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