Protective Coatings Market Size 2023 Forecast by 2030 and Market Segmentation Report

24 January 2020 - The Global Protective Coatings Market was valued at USD 24.90 billion in 2015.

The rising demand for passenger cars and the growing air traffic, most notably in emerging regions, are expected to drive the growth of this industry during the forecast period.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/protective-coatings-marketThe product finds major applications in the construction, mining, power generation, aerospace, industrial, and marine industries, among which the construction segment accounted for the largest share in 2015.

The growing infrastructure development in emerging countries such as India, Brazil, and China are anticipated to drive the demand for the product during the forecast period.The key restraints for the growth of the industry include the stringent government regulations, especially in the U.S. and European countries, regarding the volatile organic compound (VOC) emissions and increasing cost of raw materials.

However, this segment is anticipated to observe slow growth during the forecast years owing to strict government regulations on the use of solvent-based compounds with high VOC content.Water-borne coatings is another key segment, which is expected to experience the highest revenue growth of nearly 11% during the forecast period.

This can be attributed to the increasing demand for the products in thermal barrier and surface protection applications, in the aforementioned industries, which witness high-temperature operations.Regional InsightsThe Asia Pacific accounted for a major share of the overall industry in 2015, having recorded revenues of over USD 18 billion.

The industry in Russia has been witnessing a significant boost in the construction sector, which is expected to offer high growth potential to product manufacturers in the region during the forecast period.Competitive InsightsThe protective coatings industry is highly competitive, with key manufacturers spread worldwide.

The 2K Protective Coatings market is projected to grow from USD 8.6 billion in 2020 to USD 10.8 billion by 2025, at a CAGR of 4.8% between 2020 and 2025.

Growing demand from the civil building and infrastructure industry in APAC is likely to boost the 2K protective coatings market.♦ To know about the assumptions considered for the study download the pdf brochureThe key market players are AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), Hempel A/S (Denmark), Chugoku Marine Paints Ltd. (Japan), Nippon Paints Holdings Co. Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), Sika AG (Switzerland), and RPM International Inc. (US).

These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market.

Merger & acquisition was the key strategy adopted by the major players between 2016 and 2021.

This strategy strengthened their market position and increased their presence in emerging economies.AkzoNobel N.V. (Netherlands) is a diversified chemical company active in the fields of decorative paints and performance coatings.

In March 2020, AkzoNobel launched ultimate rust-busting metal paint, which is designed to usher in the next evolution in superior metal protection.

Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Protective Coatings Market By Resin (Acrylic, Epoxy, Polyester, Polyurethane, Alkyd, Vinyl Esters, Others), Formulation (Powder-Based, UV-Cured, Water-Borne, Solvent-Borne), End-User (Oil & Gas, Automotive, Infrastructure & Construction, Aerospace, Marine, Industrial, Mining, Power Generation, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)”.

In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge.

The Protective Coatings Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.Few of the leading organizations’ names are listed here- 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.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-protective-coatings-marketSegmentation: Global Protective Coatings MarketGlobal Protective Coatings Market By Resin (Acrylic, Epoxy, Polyester, Polyurethane, Alkyd, Vinyl Esters, Others)Formulation (Powder-Based, UV-Cured, Water-Borne, Solvent-Borne)End-User (Oil & Gas, Automotive, Infrastructure & Construction, Aerospace, Marine, Industrial, Mining, Power Generation, Others)Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026Key Developments in the Market:In October 2018, Axalta Coating Systems, LLC announced the launch of “Corroless”, a brand new product portfolio focused on the demand of corrosion and chemical resistant coatings solutions from the industrial market.

The product formulated from the latest urethane technology and is compatible with a number of spraying equipments.

Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/7253    UpMarketResearch offers a latest published report on “Global Protective & Specialty Coatings Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.

Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.

The statistics are represented in graphical format for a clear understanding on facts and figures.

The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.

Region-wise Analysis Global Protective & Specialty Coatings Market covers:North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) The Major players reported in the market include:AkzoNobelPPG IndustriesRPMSherwin-WilliamsAxalta Coating SystemsArkemaHempelJotunKansaiNipponSikaValsparWacker Chemie For More Information, Please Visit https://www.upmarketresearch.com/home/enquiry_before_buying/7253    Global Protective & Specialty Coatings Market: Product Segment Analysis:Solvent-borne CoatingsWater-borne CoatingsPowder Coatings Global Protective & Specialty Coatings Market: Application Segment Analysis:InfrastructureOil and gasAutomotiveAerospace The Report covers in-depth analysis as follows:Chapter 1 Study CoverageChapter 2 Executive SummaryChapter 3 Market Size by ManufacturersChapter 4 Protective & Specialty Coatings Production by RegionsChapter 5 Protective & Specialty Coatings Consumption by RegionsChapter 6 Market Size by TypeChapter 7 Market Size by ApplicationChapter 8 Manufacturers ProfilesChapter 9 Production ForecastsChapter 10 Consumption ForecastChapter 11 Value Chain and Sales Channels AnalysisChapter 12 Market Opportunities & Challenges, Risks and Influences Factors AnalysisChapter 13 Key Findings in the Global Protective & Specialty Coatings StudyChapter 14 Appendix Buy Protective & Specialty Coatings Market analysis & forecast 2018-2023 Report along with complete TOC @ https://www.upmarketresearch.com/buy/protective-and-specialty-coatings-market  “Protective & Specialty Coatings Market Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.