Global Protective Coatings Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Protective Coatings Market” is an upcoming market research report by MarketResearch.biz. In the report, data and information regarding the global protective coatings market, such as market restrains, drivers, trends, growth opportunities, revenue details, competitive landscape, recent developments, and details of key players, are included. Moreover, extensive primary and secondary research efforts are conducted to ensure the accuracy of research conclusions and findings. Also, research findings and conclusions are verified by industry experts prior to including them in the research report. The global protective coatings market research report is segmented on the basis of resin, formulation, end-user, and regions and countries.

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Overview

Protective coatings are generally applied on a surface to protect it from corrosion. The protective coating is done according to the environmental conditions. In order to ensure protection from corrosion, protective coatings usually have cohesive film and other properties. The film used in protective coatings is resistant to dampness and very thick. Protective coatings have applications in consumer products, heavy machinery, oil and gas, marine, and automotive industries. Protective coatings are classified according to their resin types.

Dynamics

One among some of the major factors driving growth of the global protective coatings market is growing construction industry. The end-use industries in which protective coatings are widely in use are oil and gas, construction, industrial, marine, aerospace, power generation, mining, automotive, construction, and others. Protective coatings are applied over different surfaces for ensuring protection from external environment that can damage integrity or function of a part or item. Factors such as increasing urbanization, growing population, and industrial growth have resulted in increasing need for infrastructure construction and development around the globe, which, in turn, is fuelling demand for protective coatings in the global market. In order to meet the requirements of various applications, construction industry requires many protective coating formulations. Commonly used protective coatings products in the construction industry are high-temperature, abrasion and wear-resistant, water-resistant and intumescent coatings. In order to ensure resistance to wear and tear and corrosion, operational efficiency, and durability, protective coatings are also applied to various construction equipment. Increasing infrastructure spending by Asian countries such as India and China is projected to further drive growth of the global protective coatings market over the forecast period. The major restraint to the global market is the strength regulations regarding toxic solvents. However, continuous research and developments and new product launches are projected to create growth opportunities for key players in the global market over the forecast period.

Global Protective Coatings Market Segment Analysis:

By Resin: The epoxy segment continues to account for highest revenue share in the global protective coatings market among other resin segments. This is expected to continue over the forecast period. This can be attributed to its wide use in structural parts in the construction industry to enhance strength, durability, and resilience. Moreover, it is used in grouts, crack injection, floor toppings, and adhesives.

By Formulation: The solvent-borne segment among the formulations segments is expected to continue its dominance in terms of revenue share over the forecast period. This can be attributed to its wide use in oil and gas, industrial, and automotive sectors.

Global Protective Coatings Market Regional Analysis:

Asia Pacific is the dominant regional market in terms of revenue share and this dominance is expected to continue over the forecast period. This can be attributed to increasing demand for protective coatings from various end-users such as power generation, oil and gas, industrial, automotive, aerospace, mining, and others.

Global Protective Coatings Market Segmentation:

By Resin:

• Acrylic
• Epoxy
• Polyurethane
• Alkyd
• Polyester
• Others

By Formulation:

• Solvent Borne
• Water Borne
• Powder Based
• Others

By End-user:

• Construction
• Oil & Gas
• Aerospace
• Industrial
• Marine
• Automotive
• Power Generation
• Mining
• Others

By Region:

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

• Akzo Nobel NV
• Arkema SA
• Axalta Coating Systems
• PPG Industries, Inc.
• The Sherwin-Williams Company
• RPM International, Inc.
• Wacker Chemie AG along