global-protective-coatings-industry
Published

June 2017

Global Protective Coatings Market - Segmented by Technology, Type, Resin Type and End-Users Industry, and Geography – Growth, Trends, and Forecasts (2017 - 2022)

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The global protective coatings market is expected to value at USD XX million in 2017 and reach USD XX million in 2022, registering an estimated CAGR of XX%, during 2017-2022 (the forecast period).

The demand for protective coatings is driven by the rapid infrastructure activities growth in the emerging economies, accompanied by the rising usage of eco-friendly coatings.

The construction industry has a dominant market share in the protective coatings market. The growing population, coupled with the increasing purchasing power among the middle-class population in developing economies such as India, South Korea, and ASEAN Countries, is boosting the need for infrastructural projects such as recreational centers, shopping malls, sophisticated health care centers, high-rise buildings, residential complexes, and many others, further, accelerating the usage and high demand for protective coatings. Apart from this, the protective coatings market is witnessing demand growth from aerospace, marine, and oil & gas industries.

Another major factor driving the growth of the protective coatings market is the increasing usage of eco-friendly coatings. However, the harmful and hazardous impact of solvent-borne coatings on human health and environment, combined with the enactment of stringent environmental regulations by the international agencies, are hindering the solvent-borne coatings market growth. Consequently, boosting the demand for eco-friendly coatings such as water-borne coatings, and powder coatings.

AREAS WHERE SCOPE OF PROTECTIVE COATINGS GROWTH IS RISING

In terms of consumption, Asia-Pacific accounted for the largest market size, with a value of USD million and is projected to register an estimated CAGR of XX%, during 2017-2022 (the forecast period), which is  higher than regions such as North America, Asia-Pacific, Europe, South America, and the Middle-East & Africa. In this region, the major demand for protective coatings is from the consistently increasing infrastructure activities in emerging economies, such as India, and ASEAN countries. Additionally, Based on the resin type, the market has been segmented into alkyd, acrylic, epoxy, polyurethane, polyester, and others. Moreover, in 2017, the demand for protective coatings is expected to increase higher than other resin types such as acrylic, epoxy, polyurethane etc., as shown below: 

NOTABLE DEVELOPMENTS IN THE MARKET

  • In May 2017, Sherwin Williams acquired Valspar, which is expected to make Sherwin Williams one of the leading companies in protective coatings market, further, boosting its market share.  
  • In Sep 2016, 3M's temporary protective films business was sold to US-based Pregis LLC
  • In Aug 2016, Axalta Coatings Systems LLC acquired Geeraets Autolak and High Performance Coating Sdn. Bhd

Why Purchase Our Global Protective Coatings Market Report

  • Will the increasing infrastructure activities in emerging countries help accelerate the protective coatings market
  • What will be the impact of Sherwin-Williams acquisition of Valspar on the protective coatings market
  • Know about: the latest technological advancements in the manufacture of protective coatings
  • How environmental regulations affecting the protective coatings market
  • Analyzing various market perspectives with the help of porter’s five forces analysis
  • What resin type of protective coatings will dominate the market
  • Which of the regions will witness the fastest growth during forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players, such as:
    • Sherwin William
    • AkzoNobel
    • PPG Industries Inc.
    • RPM International 
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