The polyaspartic coating market is projected to grow from USD 329 million in 2020 to USD 411.6 million by 2027, with a CAGR of 3.3 % over the forecast period. To form polyaspartics, aspartic respond with aliphatic polyisocyanates. Polyaspartic technology differentiates itself from conventional polyurethanes because, through simple manipulation, these polyaspartic esters can be used in various end-use applications.
While it takes longer for coating systems such as epoxy and polyurethane to cure polyaspartic coatings, they heal more quickly. These coatings can also be easily formulated at temperatures below freezing for application. Polyaspartic coatings are used, among others, in the oil & gas industry for bridges, flooring, OEM coatings, automotive repair, wind turbines, and pipelines. The COVID-19 pandemic is expected to impact the value of the polyaspartic coatings market with a decrease of 10.3 percent in 2020. Because of its low price, ease of use, and favourable outcomes, conventional epoxy coating technology is commonly used in different industries. Epoxies, however, take a long time to heal and fade in direct sunlight when returned to work, yellow with age, bulge at weak points, and can crack at the joints of the floor. Polyurethanes, on the other hand, are quickly curable but are highly moisture-sensitive.
In addition to quick curing, polyaspartic coatings have overcome most deficiencies in epoxy- and polyurethane-based coating technology. Polyaspartic coatings are more resistant to abrasion, more versatile & UV-stable than epoxies, and, like polyurethanes, are not susceptible to moisture. Polyaspartic coatings are increasingly replacing epoxy-based coat and urethane topcoat two-layer systems with one-layer systems that deliver rapid curing and superior performance. This then increases the efficiency of the process and increases the market for polyaspartic coatings.
Restraints: Increased cost compared to conventional coatings
Polyaspartic coatings are more costly than their equivalents, which can serve as a restraint, such as epoxy and polyurethane coatings. This increased cost can be due to the high raw material prices, the costs associated with the formulation of polyaspartic coating systems and the high level of R&D investment. In addition, the need for trained employees during formulation and service further raises the application expense. The high cost thus serves as a significant constraint on the market for polyaspartic coatings.
Possibilities: New fields of use of polyaspartic coatings
The ability to substitute epoxy and polyurethane coatings with polyaspartic coatings is a valuable feature and contributes to high demand in industrial and commercial applications. Applications of polyaspartic coatings are rapidly increasing due to their advantages and characteristics, generating significant opportunities for market players.
While it takes longer for coating systems such as epoxy and polyurethane to cure polyaspartic coatings, they heal more quickly. These coatings can also be easily formulated at temperatures below freezing for application. Polyaspartic coatings are used, among others, in the oil & gas industry for bridges, flooring, OEM coatings, automotive repair, wind turbines, and pipelines. The COVID-19 pandemic is expected to impact the value of the polyaspartic coatings market with a decrease of 10.3 percent in 2020. Because of its low price, ease of use, and favourable outcomes, conventional epoxy coating technology is commonly used in different industries. Epoxies, however, take a long time to heal and fade in direct sunlight when returned to work, yellow with age, bulge at weak points, and can crack at the joints of the floor. Polyurethanes, on the other hand, are quickly curable but are highly moisture-sensitive.
In addition to quick curing, polyaspartic coatings have overcome most deficiencies in epoxy- and polyurethane-based coating technology. Polyaspartic coatings are more resistant to abrasion, more versatile & UV-stable than epoxies, and, like polyurethanes, are not susceptible to moisture. Polyaspartic coatings are increasingly replacing epoxy-based coat and urethane topcoat two-layer systems with one-layer systems that deliver rapid curing and superior performance. This then increases the efficiency of the process and increases the market for polyaspartic coatings.
Restraints: Increased cost compared to conventional coatings
Polyaspartic coatings are more costly than their equivalents, which can serve as a restraint, such as epoxy and polyurethane coatings. This increased cost can be due to the high raw material prices, the costs associated with the formulation of polyaspartic coating systems and the high level of R&D investment. In addition, the need for trained employees during formulation and service further raises the application expense. The high cost thus serves as a significant constraint on the market for polyaspartic coatings.
Possibilities: New fields of use of polyaspartic coatings
The ability to substitute epoxy and polyurethane coatings with polyaspartic coatings is a valuable feature and contributes to high demand in industrial and commercial applications. Applications of polyaspartic coatings are rapidly increasing due to their advantages and characteristics, generating significant opportunities for market players.
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