Press release
Polyaspartic Coatings Market will reach 681 Million USD by 2020-2025 | BASF, Covestro, Rust-Oleum, Akzo Nobel, PPG Industries, Sika, Chromaflo Technologies, Iron Man Coatings, Cipy Polyurethanes
Polyaspartic Coatings Market will reach 681 Million USD by 2020-2025 | BASF, Covestro, Rust-Oleum, Akzo Nobel, PPG Industries, Sika, Chromaflo Technologies, Iron Man Coatings, Cipy PolyurethanesThis report studies the global Polyaspartic Coatings market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Forecast Analysis.
Global Polyaspartic Coatings Market overview:
with the slowdown in world economic growth, the Polyaspartic Coatings industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, polyaspartic Coatings market size to maintain the average annual growth rate of 6.32% from 411 million $ in 2014 to 494 million $ in 2017, Market analysts believe that in the next few years, Polyaspartic Coatings market size will be further expanded, we expect that by 2025, the market size of the Polyaspartic Coatings will reach 681 million $.
Polyaspartic is a hybrid material that resembles polyurethane. It was first developed in the '90s as a coating for steel in bridges and used for its corrosion-resistant properties. This alternative to epoxy is also known as an aliphatic polyurea sealer, which is a mix of ester and other materials. The Global Polyaspartic Coatings Market is segmented on the basis of Product Type, Application, End Use Industry and Region. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
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On the Basis of Product Type segment, the Polyaspartic Coatings Market is sub segmented into Water, Solvent and Powder. Based on End Use Industry segment, the Polyaspartic Coatings Market is segmented as Construction (Residential, Commercial and Industrial) and Transportation (Automotive and Rail Car), and Power Generation).
There are several manufacturers of Polyaspartic Coatings in Europe and North America. In North America, the demand for Polyaspartic Coatings is primarily driven by the Chemical and Advanced Material sector. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India.
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Top Industry News:
BASF closes divestiture of its Construction Chemicals business on September 30, 2020 -- Effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The purchase price on a cash and debt-free basis is €3.17 billion. The Construction Chemicals business now forms the newly founded MBCC Group, headquartered in Mannheim, Germany.
“Lone Star has been a professional partner in this transaction and is committed to the future success of the business,” said Saori Dubourg, member of the Board of Executive Directors of BASF SE. “We highly appreciate the tremendous efforts to realize the carve-out and close the deal in such a fast and decisive manner. We wish the Construction Chemicals team much success for the future.”
The divestment of the assets and liabilities of the Construction Chemicals business and the related disposal gain will be reflected in BASF’s financial reporting in the fourth quarter of 2020. Payments received in the context of the transaction until September 30 will be included in cash flows from investing activities in the Q3 2020 Statement of Cash Flows.
On December 21, 2019, BASF and an affiliate of Lone Star had signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. With around 7,500 employees, the Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.6 billion in 2019.
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Major Key Players:
Some of the Polyaspartic Coatings Market manufacturers involved in the market are BASF SE, Covestro AG, Rust-Oleum Corporation, Akzo Nobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Sika AG, Duraamen Engineered Products Inc., Chromaflo Technologies Corporation, Iron Man Coatings, Cipy Polyurethanes Pvt. Ltd., NEOGARD, Carboline Inc., Polyval Coatings Inc, PATCHAM (FZC), FLEXMAR Coatings Inc., Enviro Epoxy Products Inc., TTM Finishes Inc., TSE Industries Inc., Rhino Linings Corporation, Zhuhai Feiyang Novel Materials Corporation Limited in World, effective mergers are some of the strategies adopted by the Polyaspartic Coatings Market manufacturers. New product launches and continuous technological innovations are the Polyaspartic Coatings Market strategies adopted by the major players.
Table of Contents:
1 Polyaspartic Coatings Product Definition
2 Global Polyaspartic Coatings Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Polyaspartic Coatings Shipments
2.2 Global Manufacturer Polyaspartic Coatings Business Revenue
2.3 Global Polyaspartic Coatings Market Overview
3 Manufacturer Polyaspartic Coatings Business Introduction
3.1 BASF SE Polyaspartic Coatings Business Introduction
3.1.1 BASF SE Polyaspartic Coatings Shipments, Price, Revenue and Gross profit 2020-2025
3.1.2 BASF SE Polyaspartic Coatings Business Distribution by Region
3.1.3 BASF SE Interview Record
3.1.4 BASF SE Polyaspartic Coatings Business Profile
3.1.5 BASF SE Polyaspartic Coatings Product Specification
3.2 Covestro AG Polyaspartic Coatings Business Introduction
3.2.1 Covestro AG Polyaspartic Coatings Shipments, Price, Revenue and Gross profit 2020-2025
3.2.2 Covestro AG Polyaspartic Coatings Business Distribution by Region
3.2.3 Interview Record
3.2.4 Covestro AG Polyaspartic Coatings Business Overview
3.2.5 Covestro AG Polyaspartic Coatings Product Specification
3.3 Rust-Oleum Corporation Polyaspartic Coatings Business Introduction
3.3.1 Rust-Oleum Corporation Polyaspartic Coatings Shipments, Price, Revenue and Gross
profit 2020-2025
3.3.2 Rust-Oleum Corporation Polyaspartic Coatings Business Distribution by Region
3.3.3 Interview Record
3.3.4 Rust-Oleum Corporation Polyaspartic Coatings Business Overview
3.3.5 Rust-Oleum Corporation Polyaspartic Coatings Product Specification
3.4 Akzo Nobel N.V. Polyaspartic Coatings Business Introduction
3.5 PPG Industries, Inc. Polyaspartic Coatings Business Introduction
3.6 The Sherwin-Williams Company Polyaspartic Coatings Business Introduction
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