Global Protective Coating Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 9% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Protective coatings market growth is inclined by various factors, with growing demand for new infrastructure in developing countries and improved investments to upgrade aging infrastructure in developed countries. Product and technology inventions focused on eco-friendly and cost-efficient solutions is another factor projected to fuel the growth of the market during forecast period. Major trend observed in the market is the implementation of water-borne coatings over solvent-borne coatings because of stringent environmental protocols limiting VOC emissions.
Protective coatings market will basically pick up from the accelerating investments in building and construction activities worldwide. Also, growth of government-upheld welfare housing plans will increase development views for the market. Given the primary situation at the worldwide development part, the interest for rebuilding, remodel, and renewing of old structures is on an ascent. This has filled the interest for protective coatings globally.
Geographically, Asia Pacific protective coatings market is projected to develop at the highest CAGR of 9%, in terms of volume during the forecast years. Market in region is projected to account for 41% share of the global protective coatings market volume by 2025 end. In terms of market volume, Europe market is estimated to illustrate slow growth during the forecast period. It is line up to account for a value share of 21% by the end of 2026. Revenue contribution of Latin America and the Middle East & Africa to the global protective coatings market is projected to rise significantly at CAGR of 9% and 8% respectively over the forecast period.
Major players in the protective coatings market are Axalta Coating Systems, The Sherwin-Williams Co., AkzoNobel NV, Wacker Chemie AG, Arkema SA, and PPG Industries. These players have adopted new product developments and capacity developments as main approach for making their places stronger in the market. Growth example for protective coating is that in 2016, a multinational company that generates performance and paints coatings, AkzoNobel finalizes the takeover of an industrial coating business, BASF.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Protective Coating Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Protective Coating Market.
Scope of Global Protective Coating Market:
Global Protective Coating Market by Resin Type:
• Vinyl Ester
• Other Resin Types
Global Protective Coating Market by Technology:
• Other Technologies
Global Protective Coating Market by End-user Industry:
• Oil and Gas
• Other End-user Industries
Global Protective Coating Market by Region:
• North America
• Asia Pacific
• Middle East & Africa
• South Africa
Key Players Operating in the Market Include:
• Axalta Coating Systems
• Sherwin-Williams Company
• PPG Industries Inc.
• Hempel A/S
• Jotun Group
• Akzo Nobel N.V.
• Sika AG
• Nippon Paint Holdings Company Limited
• Arkema Group
• Kansai Paint Company Limited
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