The polyaspartic coatings market is mainly driven by the increasing number of residential and commercial construction activities, owing to rapid urbanization, supported by increasing income levels and modern attitudes toward home ownership in several countries.
Albany, NY -- (SBWIRE) -- 09/08/2017 -- Polyaspartic coatings, chemically the aliphatic polyurea are comparatively a new class of coatings which have been used in a number of protective applications in the construction industry. They are mainly used for the protection of steel and concrete. Polyaspartic coatings can be applied both at high and low temperatures and they bond easily to nearly any concrete surface. The attractive properties of polyaspartic coatings include high abrasion resistance, UV stability and short curing period. Most of them show superior levels of durability, flexibility, adhesion and chemical resistance. They can be applied in multiple coatings and this make them different from most of the other coatings such as epoxy and polyurethanes. Polyaspartic coatings based concrete flooring technology is getting popularity since it offers corrosion prevention for bridges and other harsh environment applications. Polyaspartic coatings are applied in commercial kitchens, industrial manufacturing facilities, retail, educational flooring, shop floors and garage floor coatings.
The polyaspartic coatings market is mainly driven by the increasing number of residential and commercial construction activities, owing to rapid urbanization, supported by increasing income levels and modern attitudes toward home ownership in several countries. The building and construction industry is expected to witness high growth during the forecast period, driven by huge investments in new infrastructure developments, new housing projects, and renovation of non-residential buildings in the emerging economies. This in turn, has contributed to the increasing demand for polyaspartic coatings in varied end use applications. Demand for performance quality is considered to be a key factor which propels the growth of polyaspartic coatings as they offer superb durability with color and gloss retention. The environmental regulations by various governments in order to control the volatile organic compounds emission is expected to fuel the market of polyaspartic coatings in the next few years.
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On the basis of product types, polyaspartic coatings has been classified as solvent based coatings, water based coatings and powder based coatings. In terms of application, polyaspartic coatings market is categorized into exterior and interior applications.
Global polyaspartic coatings market has shown a decent growth in 2016 and it is expected follow the same trend in the forecast period (2017- 2025). Asia-Pacific region accounted for a significant market share of the polyaspartic coatings market owing to availability of inexpensive raw materials, low cost of production, and ability to cater to the local emerging market. Besides, increased demand for premium and better quality products has contributed to the growth of the polyaspartic coatings market in this region. China is expected to lead the demand for polyaspartic coatings over the forecast period. The domestic market for polyaspartic coatings is growing in the North America region and this in turn triggers the exporting of the polyaspartic coatings into remaining parts of the world. The shift towards green technology in North America propels the market of polyaspartic coatings in this region. In Europe also, the market is going to experience an upward trend with countries such as U.K, Germany, France and Russia are expected to persist as successful polyaspartic coatings markets. The flooring industry in the Europe region is anticipated to drive the market of polyaspartic coatings. Rest of the world which covers both Latin America and Middle East & Africa are also expected to have a strong market for polyaspartic coatings owing to the recent infrastructure developments and urbanization in the region.
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The key players of global polyaspartic coatings include The Sherwin-Williams Company, PPG Industries, Chromaflo Technologies and Akzo Nobel N.V.
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