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.
Use in civil building & infrastructure industry
Increasing the longevity and stability
High prices of raw materials and energy
Increasing demand for maintenance
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.
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.
Powder Coatings and Others
By Resin Type
By End-use Industry
Water & wastewater treatment
Civil building & Infrastructure
Food & beverages
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 13.8 Billion|
|Market Size by 2028||US$ 20.75 Billion|
|CAGR||CAGR of 6% From 2022 to 2028|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
10. Global Protective Coatings Market, By End-use Industry
10.1 Offshore structures
10.4 Cargo containers
10.5 Power generation
10.6 Water & wastewater treatment
10.7 Civil building & Infrastructure
10.8 Food & beverages
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
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 3M CO.
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
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