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Miller Pit
by on January 13, 2023
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According to the report published by Allied Market Research, the global polyaspartic coating market was estimated at $347.6 million in 2021 and is expected to hit $515.1 million by 2031, registering a CAGR of 4.0% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Report Coverage & Details:

Report Coverage Details
Forecast Period 2022-2031
Base Year 2021
Market Size in 2021 $347.6 Million
Market Size in 2031 $515.1 Million
CAGR 4.0%
No. of Pages in Report 255
Segments Covered End-use Industry, Type, and Region.
Drivers Increase in investments in building infrastructure in countries such as India, Mexico, Japan, and China
Restraints The high cost involved in the formulation of polyaspartic coating
Opportunities Sustainable economic growth in the developed and developing countries

Covid-19 Scenario-

The outbreak of the pandemic had a negative impact on the polyaspartic coating market, especially during the initial period.
However, emergence of high-solid polyaspartic coatings that produce little or no VOCs has gradually increased the potential applications of polyaspartic coatings among several end-use sectors.
The global polyaspartic coating market is analyzed across end-use industry, component, application, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

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By end-use industry, the industrial segment held more than one-third of the global polyaspartic coating market revenue in 2021, and is expected to dominate by 2031. The same segment, however, would also cite the fastest CAGR of 4.5% throughout the forecast period. The other segments mentioned through the report include buildng & construction, transportation, and power generation.

Based on type, the 100% solids segment contributed to more than two-thirds of the global polyaspartic coating market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR of 4.2% throughout the forecast period. The hybrid segment is also assessed through the study.

Based on region, the market across Asia-Pacific generated nearly half of the global polyaspartic coating market in 2021, and is anticipated to retain the lion's share by 2031. The same region would also cite the fastest CAGR of 4.5% during the forecast period. The other regions studied in the report include LAMEA, North America, and Europe.

The key market players analyzed in the global polaspartic coating market report include The Sherwin-Williams Company, BASF SE, AkzoNobel, SIKA AG, Rust-Oleum Corporation, IndMar Coatings Corporation, Covestro AG, LATICRETE International Inc., PPG Industries, and Resinwerks.

These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

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