Global Protective Coating Resins Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Protective Coating Resins Market Overview:

“The global Protective Coating Resins Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global protective coating resins market report has been segmented on the basis of resin type, technology, end-use industry, and region.

Protective coating resins are employed for coverings of varnish, paint or lacquer which protects things/objects from corrosion, mechanical pressures, weathering, chemical attacks, wear and tear, temperature, fire, and chemicals.

Applications for protective coating resins include various consumer products, heavy machinery, automotive, marine, and oil & gas industry, and others. Based on technology, protective coatings can be categorized into solvent-borne, water-borne, and powder-based coating resins.

Protective coatings differ in their functionalities and properties depending on their resin and chemistry type. Powder coating is solvent-free process used for coating surfaces and it also limits volatile organic compounds (VOC) emission in atmosphere.

Increasing demand for thermal resistant, anti-corrosion, and durable coating resins formulations in oil & gas and aerospace industries is expected to drive growth of the global protective coating resins market. Rising demand from key end-use sectors such as aerospace, oil & gas, industrial, and building and construction, owing to its superior characteristics over its counterparts is anticipated to propel growth of the target market over the forecast period.

Increasing scope of applications for protective coating resins in segments mentioned above is expected to result in high demand for low VOC emissions coating solutions, that offer resistance to high temperatures, wear & tear, and corrosion while assuring low maintenance costs.

However, high cost of raw materials in various developed as well as developing countries with respect to production of protective coating resins is major factor estimated to restrain growth of the global protective coating resins market.

Asia Pacific protective coating resins market is expected to account for major share in terms of revenue in 2017, and is expected to maintain its dominance over the forecast period, owing to growing demand for protective coating resins from various end-use application manufacturers in the countries in this region. Asia Pacific protective coating resins market is also projected to register highest growth in terms of revenue in the next five years.

Global Protective Coating Resins Market Segmentation:

Segmentation by resin type:

• Polyurethane
• Epoxy
• Acrylic
• Alkyd
• Others (phenolic, and polyester)

Segmentation by technology:

• Solvent-borne
• Water-borne
• Powder based

Segmentation by end-use industry:

• Automotive
• Building & construction
• Oil & Gas
• Aerospace and Marine
• Industrial
• Power Generation
• Others (electronics, mining, and pulp & paper)

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa