Polyaspartic Coatings Market Overview
Polyaspartic Coatings Market was valued at US$ 390.9 Million in 2024 and is projected to grow at a CAGR of 6.00% to reach US$ 665.7 Million by 2034.
Polyaspartic Coatings is a layer of protective covering of aliphatic polyurea which is applied to concrete floor surface or metal. Polyaspartic coatings help in preventing corrosion and erosion of surfaces after layered by painting, spraying and plastering. Coat setting time of polyaspartic coating ranges from 10 to 45 min. Polyaspartic coatings are tough and hard. Polyaspartic coatings enhance protection. Polyaspartic coatings are resistant to chemicals which helps in protecting concrete floors. Polyaspartic coatings are better than epoxy coating as it lasts for much longer period of time by providing better results. Polyaspartic coatings last for 10 to 20 years which depends on wear & tear that it receives & how well it is applied. Polyaspartic coatings are waterproof. Polyaspartic coatings are used in coatings, pipes, tank linings, sewer linings, pipeline, water treatment plants, etc. It is also used in automotive refinish & molded parts industries because of its fastest curing time even at ambient temperature. ArmoFloor polyaspartic coatings has become ideal for decorative concrete in high traffic areas like mall, retail store and restaurant due to its property like durability and resistant to abrasions. Polyaspartic coatings are less time consuming to cure and thus requires less down time. Polyaspartic coatings are UV stable and does not degrade when exposed to sunlight, resistant to salt, oil, mild acid & fat, does not blush or discolor when exposed to moisture, has good weatherability, concrete forms strong bond due to coating, flexible and more durable than urethane and epoxy coatings. Polyaspartic coatings has become the superior choice in environment as they are more sustainable & better for environment. Polyaspartic coatings has anti-bacterial and anti-microbial properties. However, wide applications and excellent beneficial properties has given the positive impact on polyaspartic coatings market growth.
Polyaspartic Coatings Market Dynamics
Rising industrialization, construction, and rate of urbanization
Rising industrialization, construction and rate of urbanization is one of the leading factors for the Polyaspartic Coatings Market growth. Urbanization has given rise in residential areas, construction of buildings, growth in industries, transportation, etc. Industrialization is growing rapidly due to urbanization to fulfill individual needs. Polyaspartic Coatings are used in tubes, pipe fittings, bars, internal heat & sound solution of walls, floors, fire protection structures, chimneys, frame walls, tanks and boiler shells. Polyaspartic Coatings has strong applications in construction materials and are commonly used in garage flooring, industrial, bridges, commercial, highways, piers and port facilities. Polyaspartic Coatings contains low or zero VOCs (volatile organic compounds) and thus widely used due to its long pot life, short curing time, excellent moisture & chemical resistance, and its coating lasts for up to 20 years. Polyaspartic Coatings serves various lining & coating applications on metals and concrete by providing protection from corrosion and thus widely used in industries and construction. Rapid urbanization has given rise in construction like residential buildings, offices, etc. Use of polyaspartic coatings in construction material, industries is growing due to its beneficial properties like chemical resistance, acid-alkali resistance, abrasion resistance, light resistance, fast curing, good mechanical properties, etc. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. For instance, in 2022, industrialization in Tamil Nadu along with Kerala has relatively developed the path of industrialization with higher levels of development and lower levels of poverty compared to other states with development of dynamic manufacturing industries which includes, pharmaceuticals, automobiles, auto components, chemicals, plastics, garments, engineering, leather products, textile products, etc. However, the growth in industrialization and population in urban areas boosts the demand for Polyaspartic Coatings market.
Restrains:
However, polyaspartic coatings are more expensive for purchasing and to apply, pot life is short as the coating is dried on floor or bucket before application which may trap bubbles, cause imperfections and wastage of material, this may somewhat restrain the target market growth.
Polyaspartic Coatings Market Segmentation
Polyaspartic Coatings Market is segmented based on type, system, end-users and region.
Type Insight
On the basis of Type Polyaspartic Coatings Market is segmented into Hybrid Polyaspartic Coatings and Pure Polyaspartic Coatings. Hybrid Polyaspartic Coatings has dominated the target market growth due to its lower odor, excellent chemical resistance, and decorative durable coating used for industrial and commercial flooring.
System Insights
On the basis of System Polyaspartic Coatings Market is segmented into Metallic, Quartz. Metallic system has dominated the target market growth.
End-Users Insights
On the basis of End-Users Polyaspartic Coatings Market is segmented into Industrial, Transportation, Building & Construction, Power Generation, and others. Building & construction has dominated the target market growth due to rising urbanization, transportation, residential areas, etc.
Regional Insights:
On region the Polyaspartic Coatings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising demand from construction, automotive industries, commercial architecture, and growing investments in infrastructural projects, is anticipated to increase demand for Polyaspartic Coatings in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 to 2034 |
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Market Segmentation |
By Type - Hybrid Polyaspartic Coatings and Pure Polyaspartic Coatings By System - Metallic, Quartz By End-Users - Industrial, Transportation, Building & Construction, Power Generation, and others
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Polyaspartic Coatings Market report based on type, system, end-users and region:
Polyaspartic Coatings Market, By Type:
- Hybrid Polyaspartic Coatings
- Pure Polyaspartic Coatings
Polyaspartic Coatings Market, By System:
- Metallic
- Quartz
Polyaspartic Coatings Market, By End-Users:
- Industrial
- Transportation
- Building & Construction
- Power Generation
- Others
Polyaspartic Coatings Market, By Region:
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-
- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Polyaspartic Coatings Market Key Players
The key players operating the Polyaspartic Coatings Market includes,
- PPG Industries Inc.
PPG Industries, is a public company founded in 1883 which is headquartered in Pittsburgh, Pennsylvania, U.S. PPG Industries is an American company. PPG Industries is the global supplier of coatings, paints, & specialty materials. PPG Industries offer products like coatings, industrial finishing products, decorative paints and industrial chemicals.
- AkzoNobel
AkzoNobel is a public company founded in 1994, which is headquartered in Amsterdam, Netherlands. AkzoNobel is a Dutch multinational company. AkzoNobel offer products like decorative paints, chemicals, coatings and industrial finishing products.
- Sherwin Williams Company
Sherwin Williams Company is a public company founded in 1866 which is headquartered in Cleveland, Ohio, U.S. Sherwin Williams is an American company which is the manufacturer and distributor of paint and coating.
- BASF SE
BASF SE is a public company founded in 1865 which is headquartered in Ludwigshafen, Germany. BASF SE is a German multinational company and largest chemical producer in the world which offer products like plastics, chemicals, coatings, crude oil, natural gas, plastics, crop technology and others.
- Covestro AG
Covestro AG, was founded in 2015 which is headquartered in Leverkusen, North Rhine-Westphalia, Germany. Covestro AG is a German company. Covestro AG, is a producer of polycarbonate and polyurethane based raw materials. Covestro AG, offer products like thermoplastic polyurethane, polyols, and others for coatings and adhesives.
- Rust Oleum Corporation
Rust Oleum Corporation, was founded in 1921, which is headquartered in Vernon Hills, Illinois, U.S. Rust Oleum Corporation is the manufacturer of protective coatings and paints for home and industrial uses.
- RPM International Inc.,
RPM International Inc., is a public company founded in 1947, which is headquartered in Medina, Ohio, U.S. RPM International is an American multinational company. RPM International is the manufacturer and marketer of specialty coatings, building materials, and sealants.
- Polyval Coatings Inc.,
Polyval Coatings Inc., was established in 1983, and was started as a local supplier of light duty industrial maintenance coatings. Polyval Coatings offer solutions for each stage of its development with wide range of quality based industrial strength products. Polyval Coatings offers high-performance industrial maintenance coatings which includes, epoxies, alkyds, polyurea membranes, urethanes, linings, primers & urethane binders, and moisture-cure urethane protective coatings.
- Cipy Polyurethanes Pvt. Ltd.
Cipy was founded in 1976. Cipy offers varied flooring solutions from variety of polymers. Cipy also offers products like plural spray epoxies, floor coatings, hygiene coatings, PUs& Polyureas, protective coatings, liquid applied membranes, and epoxy-terrazzo floorings.
- Coatings For Industry, Inc.
Coatings For Industry, Inc., (CFI) is the manufacturer of lubrication, coatings, mold release & other chemical products. CFI offers superior coatings and customer service with formulated coatings for commercial, industrial and aerospace applications. CFI provides durable floor coatings, graffiti-resistant top coats, anti-corrosion primers, and inorganic high temperature coatings.
Polyaspartic Coatings Market Key Issues Addressed
Recent Development:
- In December 2022, BASF has launched new ‘ColorBrite Airspace Blue ReSource basecoat’ the first biomass balance automotive coatings in China. Newly launched product is made from renewable raw materials according to certified biomass balance approach. Newly launched product helps in reduction of 20% of carbon footprint.
- In December 2021, CFI (Coatings for Industry, Inc.,) has launched the new ‘WearCoat 2055’ which is a long-cure polyaspartic floor coating formulation with smooth and glossy finish. Newly launched product is ideal for use in high-traffic and high-visibility environments. Newly launched product has low-VOC and low-odor formula and ideal for application in indoor environments.
Polyaspartic Coatings Market Company Profile
- BASF SE*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PPG Industries Inc.
- AkzoNobel
- Sherwin Williams Company
- Covestro AG
- Rust Oleum Corporation
- RPM International
- Polyval Coatings Inc.
- Cipy polyurethanes Pvt. Ltd.
- Coatings For Industry, Inc.*
“*” marked represents similar segmentation in other categories in the respective section
Polyaspartic Coatings Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By System
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Polyaspartic Coatings Market, By Type
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Hybrid Polyaspartic Coatings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Pure Polyaspartic Coatings
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Polyaspartic Coatings Market, By System, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Metallic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Quartz
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Polyaspartic Coatings Market, By End-Users, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Industrial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Transportation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Building & Construction
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Power Generation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Polyaspartic Coatings Market, By Region, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By System, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By System, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By System, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By System, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- Latin America
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-
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Mn), By System, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- PPG Industries Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AkzoNobel
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sherwin Williams Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Covestro AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rust Oleum Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- RPM International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Polyval Coatings Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cipy polyurethanes Pvt. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Coatings For Industry, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Polyaspartic Coatings Market is segmented into type, system, end-users and region.
Polyaspartic Coatings Market is driven by factors like rise in industrialization, construction, and rate of urbanization.
By region, the Polyaspartic Coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Polyaspartic Coatings Market includes, PPG Industries Inc., AkzoNobel, Sherwin Williams Company, BASF SE, Covestro AG, Rust Oleum Corporation, RPM International, Polyval Coatings Inc., Cipy polyurethanes Pvt. Ltd., Coatings For Industry, Inc., and others.