Global Polyaspartic Coatings Market
A polyaspartic coating is an aliphatic polyurea protective layer applied to surfaces of metal or concrete floors. There main function is to prevent corrosion and erosion. They usually are hard and rough so they are very useful to provide protection. They are also used as a topcoat because of their non- yellowing nature. These coatings are widely used in various infrastructures so they can cater better protection of floors, structures and they also have the ability to provide many other advantages such as decreasing the maintenance requirements of infrastructures. Pure polyurea and hybrid polyurea are two common types of the polyaspartic coating. These coating are usually light, have strong adhesion, provide rapid curing and are highly resistant t temperature.
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Some of the factors responsible for the growth of this market are:
- Better cost-effectiveness and economic benefits as compared to traditional coating solutions such as polyurethane: Polyaspartics are identical to polyurethane coating in application and performance characteristics. These polyaspartics are way better than the polyurethane because they usually have faster drying times at ambient temperature as compared to the standard epoxy or polyurethane techniques, which enables a quicker return to service. A much higher film thickness in a single collaboration is feasible for large film build application, which in theory means one layer can be saved. These factors make them productive in nature. They also have fast curing time as compared to the polyurethane which usually takes 4- 5 days to install. This factor helps the saving the money spends on labor
- High levels of effectiveness due to their quick drying systems: Polyaspartic coatings have fast curing capabilities and can dry within hour or less. These concrete floor coating technologies often make it possible to return to service next day. This fast curing nature also makes it cost effective as they decreases the money spends on the labor. Polyaspartics can be used around freezing temperatures, making them ideal for freezers as well. This quick drying is the main factor they are widely used in industries such as building & construction, power generation, transportation and other
The global polyaspartic coatings market is segmented on the basis of type as pure polyurea, & hybrid polyurea; technology as water-borne, solvent-borne, powder coatings, & others; system as quartz, & metallic and end-use industry as building & construction, transportation, industrial, power generation, and landscape.
Some of the launches and acquisition in the market are as follow:
- In February 2019, MetroEpoxy announced the launch of their new Polyaspartic Coatings for concrete floors which has the ability to get installed in one day at home. This new epoxy and polyaspartic coatings have High efficiency, low maintenance, inexpensive and accessible in many designer colors. This one day coating will provide durability and protection to the surface
- In July 2017, Cargill announced the launch of their new polyaspartic ester product, Altor 205 which is specially designed for the service which provides faster curing time and longer pot life. These advantages will help the user to cover large area in less amount of time. This launch will help the customers to complete their work faster in less time so they can get more working time
“According to Data Bridge Market Research, global polyaspartic coatings market is expected to rise to an estimated value of USD 749.48 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026”
Few of the major competitors currently working in the global polyaspartic coatings market are Covestro AG; The Sherwin-Williams Company; PPG INDUSTRIES, INC.; Akzo Nobel N.V.; BASF Corporation; Hempel Group; Sika AG; Carboline; LATICRETE International, Inc.; Indmar CoatingsCorporation; RPM International Inc.; Satyen Polymers Pvt. Ltd.; The Floor Company; FLEXMAR Polyaspartics; Lifetime Flooring Solutions, Inc.; Prokemsc.com; ADVACOAT; Rhino Linings Corporation; Duraamen Engineered Products, Inc.; Enviro Epoxy Products Inc.; Iron Man Coatings. Inc.; Pidilite Industries Ltd. and PATCHAM(FZC) among others.
Using polyaspartic coating can be very beneficial as they have ability to provide strong and durable protection. They are low-to-zero volatile organic compound (VOC) which is reason they have faster curing time. They have high flexibility and provide resistance to chemical due to which they are widely used in garage floors, industrial application, automotive and other. They can also be applied in extreme temperatures and when exposed to moisture don’t get discolored.
