A protective coating is a film of material that is added to another material's surface in order to resist or avoid corrosion. They can either be non- metallic and metallic. Some of the common types of the protective coatings are polyurethanes, polymer, aluminium, zinc, and other. They also have the ability to offer the material with electric and water resistance qualities. These protective coating are usually painted, or sprayed on the material. These protective coating are widely used in application such as oil & gas, construction, industrial, power generation, and mining.
Access Full Report at https://www.databridgemarketresearch.com/reports/global-protective-coatings-market
Some of the factors which are affecting the protective coatings market in the forecast period of 2019- 2026 are:
The Global Protective Coatings Market is segmented on the basis of resin such as acrylic, epoxy, polyester, polyurethane, alkyd, vinyl esters, and others. On the basis of formulation, the market is segmented into powder-based, UV-cured, water-borne, and solvent-borne. The market is segmented on the basis of end-user as oil & gas, automotive, infrastructure & construction, aerospace, marine, industrial, mining, power generation, and others.
Few of the launches and acquisition that took place in the market by some of the prominent players are:
Protective Coatings Market is expected to at a projected value of USD 25.54 billion by 2026, registering a CAGR of 6.18% in the forecast period of 2019-2026
Few of the major competitors present in the market are Wacker Chemie AG, PPG Industries, Inc., Akzo Nobel N.V.,The Sherwin-Williams Company, Arkema, Sika AG, RPM International Inc., Axalta Coating Systems, LLC, HEMPEL A/S, BASF SE, Beckers Group, Induron Protective Coatings, H.B. Fuller Company, Jotun, Kansai Paint Co.,Ltd. and Nippon Paint Holdings Co., Ltd.
Rising infrastructure industry and rising demand from construction industry will affect the growth of this market positively. There is also increasing prevalence for equipment and devices with longer shelf life which is also expected to enhance the demand for the protective coating in the market. Growth in the oil and industry activities worldwide would also affect the growth of this market. There is also increasing demand for cost effective and eco- friendly solutions worldwide which will also further create new opportunities for protective coating market to grow in the forecast period of 2019-2026.
Browse in Chemical and Materials Related Reports@ https://www.databridgemarketresearch.com/report-category/chemical-and-materials/
Global Protective Coatings Market – Industry Trends and Forecast to 2026