Global Protective Coatings Market, By Material Type (Acrylic, Epoxy, Polyurethane, Alkyd, Others), Product Type (Solvent-borne, Water-borne, Powder-based), End-Use (Building and Construction, Oil & Gas, Aerospace and Defense, Automotive, Power Generation, Marine, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Protective Coatings Market
The protective coatings market is expected to be growing at a growth rate of 11.76% in the forecast period of 2021 to 2028. The protective coatings market report analyses the growth, which is currently being increasing due to the increasing demand for new infrastructure in developing economies and increased investments to upgrade aging infrastructure in developed economies.
A protective coating is a coating that is tests on the surface of a material with the intention of inhibiting corrosion. A protective coating is done to reduce erosion, by prohibiting the disclosure of the material under the erosive conditions. The factors driving the growth for the protective coating market are increasing building and construction activities, expanding automotive industry in the emerging economies, and increasing investments in infrastructure development. it acts as a protective layer enclosed by the environment and material area. For example, zinc coatings over steel prevent the oxidation of steel; henceforth act as rust-resistant coating.
The increase in the protective coating market is growing building and construction actions, is spreading in the automotive industry in the emerging nations and increasing investments in infrastructure development. The increase in the investments in infrastructure advancements coupled with the increase in the repairing of old buildings are few of the factors that are anticipated to act as a major growth booster in the protective coating market. In addition, the utilization of protective coatings in implementations for instance metal coatings, floor coatings, wall and ceiling coatings, concrete coatings, wood coatings, and roof tile coatings is likely to fuel the global market growth. Moreover, growing issues related to environmental concerns for instance global warming and declining air quality condition index has led environmental departments to restrict the adoption of volatile organic compounds (VOCs) and rise the expenditure of waterborne coatings, which is anticipated to propel the growth of the protective coating market during the forecast period. Factors, in addition increasing need for new framework in advancing nations and growing investments to promoting aging infrastructure in advanced economies. Additionally, oscillating costs of raw materials for example pigments, additives, binders and resins, dispersants, curing agents, and solvents are anticipated to most likely to hamper the growth of the protective coating market. Increasing population, modernization, and industrial growth have resulted in the growing demand for framework advancement and construction around the world, most noticeably in fast emerging countries. Tenacious economic growth and increasing government catalyst to advance framework in the country are noticeably propelling the growth of the construction industry specifically in emerging nations.
This protective coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on protective coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Protective Coatings Market Scope and Market Size
The protective coatings market is segmented on the basis of material type, product type and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on material type, the protective coatings market is segmented into acrylic, epoxy, polyurethane, alkyd, others.
- Based on product type, the protective coatings market is segmented into solvent-borne, water-borne, powder-based.
- Based on end-use, the protective coatings market is segmented into building & construction, oil & gas, aerospace & defense, automotive, power generation, marine, others.
Protective Coatings Market Country Level Analysis
The protective coatings market is analysed and market size, volume information is provided by country, material type, product type and end-use as referenced above.
The countries covered in the protective coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the protective coatings market due to the growing demand for protective coatings from end-users, such as aerospace, automotive, mining, power generation, industrial, oil and gas, and so forth. North America shows a large amount of growth in the forecast period due to the a well-established automotive industry along with growing alteration activities in the region is the reason why it is anticipated to boost the growth of the regional market
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Protective Coatings Market Share Analysis
The protective coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to protective coatings market.
The major players covered in the protective coatings market report 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. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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