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Protective Coatings Market

Protective Coatings Market Size, Share & Segment By Technology (Solvent Based, Water Based, Powder Coatings And Others), By Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Others), By End-Use Industry (Offshore Structures, Petrochemical, Marine, Cargo Containers, Power Generation, Water & Wastewater Treatment, Civil Building & Infrastructure, Food & Beverages, Others), By Application (Abrasion Resistance, Chemical Resistance, Fire Protection, Heat Resistance, Corrosion Resistance, Pipe Coatings, Tank Linings, Others), And By Region | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1473 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Protective Coatings Market size is expected to expand at a CAGR of 6%  from USD 13.8 billion in 2021 to USD 20.75 billion in 2028. In the anticipated period, the civil building and infrastructure industry in the APAC region is expected to expand, resulting in an increase in demand for Protective Coatings. The global Protective Coatings Market is expected to be driven by rising construction activities, increased infrastructure spending, the need to extend the life of devices and equipment, rising demand for high-quality protective coatings, growing population, rapid urbanization, industrial growth, and technological advancement during the forecasted period. Furthermore, rising protective coatings demand in various end-use sectors such as construction, automotive, mining, oil & gas, aerospace, and transportation will boost the worldwide Protective Coatings Market ahead. The Global Protective Coatings Market study offers a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market aspects.

Protective Coatings Market Revenue Graph

Market dynamics:

Drivers

  • Use in  civil building & infrastructure industry

  • Increasing the longevity and stability

Restraints:

  • High prices of raw materials and energy

Opportunities

  • Increasing demand for maintenance

Challenges: 

  • Development of cost-effective products under environmental regulations

Impact of covid-19:

According to recent IMF (International Monetary Fund) updates, the global economic crisis of 2008 will be repeated or worsened in 2020. Between 2020 and 2021, the IMF predicts a total output loss of USD 9 trillion in the global economy. The economic impact will be determined by how the virus spreads in Europe, the United States, and other key economies.

Economists predict that the Chinese economy would be further harmed by diminished global demand for its products as a result of the outbreak's impact on foreign economies. As the epidemic spreads, the rate of growth will slow dramatically, owing to turbulent markets and rising credit stress.

China's economy has been impacted far worse than expected, according to preliminary data, though a small recovery has begun. Increased travel and transit limitations, as well as a protracted lockdown, will result in a demand collapse in Europe and the United States, which will rebound a little in the second quarter before a big recovery begins later in the year. Fiscal authorities have been slow to loosen their purse reins in general. It is envisaged that expenditure on the most vulnerable groups will increase and become more targeted. Movement restrictions in Europe and the United States are stifling economic development.

Key players

AKZONOBEL N.V. HEMPEL A/S, KANSAI PAINTS CO., LTD, NIPPON PAINTS CO. LTD., THE DOW CHEMICAL COMPANY, WACKER CHEMIE AG, 3M CO., THE SHERWIN-WILLIAMS COMPANY,  PPG INDUSTRIES INC, BASF SE, and others.

A detailed segmentation by resin type, formation type, functional solutions, end-user industry, and location is included in the worldwide protective coatings market research report. Due to increased stringency by government bodies to restrict the application of volatile organic compounds, demand for epoxy coatings is expected to rise throughout the forecast period (VOC). Epoxy protective coatings are very popular because they provide good corrosion resistance and water resistance. Epoxy resin usage has increased in North America over time, mainly to the growing need for environmentally friendly coatings in the construction industry.

Market Segmentation:

By Technology

  • Solvent based

  • Water-based

  • Powder Coatings and Others

By Resin Type

  • Epoxy

  • Polyurethane

  • Acrylic

  • Alkyd

  • Zinc

  • Others

By End-use Industry

  • Offshore structures

  • Petrochemical

  • Marine

  • Cargo containers

  • Power generation

  • Water & wastewater treatment

  • Civil building & Infrastructure

  • Food & beverages

  • Others

By Application

  • Abrasion Resistance

  • Chemical Resistance

  • Fire Protection

  • Heat Resistance

  • Corrosion Resistance

  • Pipe Coatings

  • Tank Linings

  • Others

Protective Coatings Market Segment Pie Chart

Regional Analysis

In terms of revenue share, Asia Pacific is the most prominent regional market, and this trend is likely to continue over the projection period. This is due to the rising demand for protective coatings from a variety of industries, including power generation, oil & gas, industrial, aerospace, automotive, mining, and others.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Protective Coatings Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 13.8 Billion
Market Size by 2028 US$ 20.75 Billion
CAGR CAGR of 6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Technology (Solvent Based, Water Based, Powder Coatings And Others)
• By Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Others)
• By End-Use Industry (Offshore Structures, Petrochemical, Marine, Cargo Containers, Power Generation, Water & Wastewater Treatment, Civil Building & Infrastructure, Food & Beverages, Others)
• By Application (Abrasion Resistance, Chemical Resistance, Fire Protection, Heat Resistance, Corrosion Resistance, Pipe Coatings, Tank Linings, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles AKZONOBEL N.V. HEMPEL A/S, KANSAI PAINTS CO., LTD, NIPPON PAINTS CO. LTD., THE DOW CHEMICAL COMPANY, WACKER CHEMIE AG, 3M CO., THE SHERWIN-WILLIAMS COMPANY,  PPG INDUSTRIES INC, BASF SE, and others.
DRIVERS • Use in  civil building & infrastructure industry
• Increasing the longevity and stability
OPPORTUNITIES • High prices of raw materials and energy


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: Economists predict that the Chinese economy would be further harmed by diminished global demand for its products as a result of the outbreak's impact on foreign economies. As the epidemic spreads, the rate of growth will slow dramatically, owing to turbulent markets and rising credit stress.

Ans: Development of cost effective products under environmental regulations are the challenges faced by the Protective Coatings Market.

Ans: Use in  civil building & infrastructure industry and Increasing the longevity and stability are the Drivers for antimicrobial plastics Market

 

Ans: Protective Coatings market size is expected to expand at a CAGR of 6%  from USD 13.8 billion in 2021 to USD 20.75 billion in 2028.

 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Protective Coatings Market, By Technology

8.1 Solvent based

8.2 Water based

8.3 Powder coatings and others

 

9. Global Protective Coatings Market, By Resin type

9.1 Epoxy

9.2 Polyurethane

9.3 Acrylic

9.4 Alkyd

9.5 Zinc

9.6 Others

 

10. Global Protective Coatings Market, By End-use Industry

10.1 Offshore structures

10.2 Petrochemical

10.3 Marine

10.4 Cargo containers

10.5 Power generation

10.6 Water & wastewater treatment

10.7 Civil building & Infrastructure

10.8 Food & beverages

10.9 Others

 

11. Global Protective Coatings Market, By Application

11.1 Abrasion Resistance

11.2 Chemical Resistance

11.3 Fire Protection

11.4 Heat Resistance

11.5 Corrosion Resistance

11.6 Pipe Coatings

11.7 Tank Linings

11.8 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3 Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4 Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6 Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

 

13. Company Profiles

13.1 3M CO.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 AKZONOBEL N.V.

13.3 BASF SE

13.4 HEMPEL A/S

13.5 KANSAI PAINTS CO., LTD

13.6 NIPPON PAINTS CO. LTD.

13.7 PPG INDUSTRIES, INC.

13.8 THE SHERWIN-WILLIAMS COMPANY

13.9 THE DOW CHEMICAL COMPANY

13.10 WACKER CHEMIE AG

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

 

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Secondary Research

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