Global Polyaspartic Coatings Market to Reach Valuation of US$ 931 Mn by 2027: TMR
Transparency Market Research, New York: The escalating use of high performance and eco-friendly protective coatings for use in industries such as automotive, marine, and power generation may invite good growth opportunities for polyaspartic coatings market. Booming construction activities across the globe are further assisting in strengthening the growth rate of the polyaspartic coatings market.
The researchers at Transparency Market Research expect the global polyaspartic coatings market to expand at a CAGR of more than 6.5 percent during the assessment period of 2019-2027. The global polyaspartic coatings market was valued at US$ 525 mn in 2018 and is prognosticated to reach over US$ 931 mn by 2027.
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The properties of polyaspartic coatings such as high durability and hardness make them one of the preferred choices of numerous end-users. In addition, polyaspartic coatings act as a guard against the changing climatic conditions. Thus, all these factors assure steady growth for the polyaspartic coatings market through the forecast period of 2019-2027.
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Polyaspartic Coatings Market: Key Revelations
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Polyaspartic Coatings Market: Growth Accelerators
The polyaspartic coatings market may record good growth owing to the various associated advantages.
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Polyaspartic Coatings Market: Geographical Dimensions
The polyaspartic coatings market is spread across North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe. North America was the leader in consumption of polyaspartic coatings in 2018 and the increasing demand for polyaspartic coatings may continue through this forecast period also. Strict regulations regarding construction of buildings and heightening awareness about decreasing VOC emissions may prove to be a boon for the growth of polyaspartic coatings market in North America.
Asia Pacific may also gain a significant share during the forecast period of 2019-2027 due to the rise in novel construction projects and redevelopment activities across densely populated countries like India. In addition, the proliferating automotive sector in Indonesia, Malaysia, Vietnam, Thailand, and India may serve as a prominent growth factor for polyaspartic coatings market.
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Global Polyaspartic Coatings Market: Segmentation
By End user
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