Protective Coatings Market 2022 Global Industry Analysis Size Share Growth Trends and Forecast to 2031

Protective Coatings Market 2022 – Summary

Protective Coatings Market Segmented By Solvent-borne, Water-borne, Powder Technologies in Epoxy, Polyurethane, Acrylic, Alkyd, Polyester Resin.

The global protective coatings market is predicted to amass a worth of approximately US$ 55 Bn by the end of the decade.

Over the next 10 years, it is expected that the market for protective coatings would expand at a strong CAGR of over 7%. The market is currently valued about US$27.6 billion, and by the end of the decade, that value is anticipated to expand by 2X. Currently, Japan’s protective coatings market is estimated to be worth close to US$ 1.9 billion.

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Protective coatings are applied to protect an object from the environment. These coatings can be used on a variety of objects, including metal, concrete, and wood. The main drivers of the market are the increasing demand for protective coatings in end-use industries such as automotive, construction, and marine. The restraints on the market are the high cost of protective coatings and the limited number of suppliers in the market.

Protective coatings are typically grouped according to the fundamental types of resin they include, such as epoxy, alkyd, acrylic, or polyurethane. However, the serviceability and qualities of protective coatings vary depending on the resin, pigments, solvents, and additives used in the blend.

The study is systematically separated into four areas, including technology, resin type, application, and region, in order to comprehend and evaluate the prospects in this market. The study examines the global market for protective coatings in terms of volume and market value (US$ Mn) (kilotons).

The research starts out with an overview of the global market for protective coatings, evaluating industry performance in terms of revenue and volume. Persistence Market Research then conducts an analysis of the major trends, drivers, and constraints observed in the international market.

Key Players-

  • Akzo Nobel N.V.
  • PPG Industries Inc.
  • The Sherwin-Williams Company
  • The Valspar Corporation
  • Jotun
  • Hempel Group
  • Kansai Paints Co. Ltd.
  • Other

protective-coatings-market

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The forecast presented in the report assesses the total revenue generated by the global protective coatings market.

When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future.

Given the characteristics of the market, Persistence Market Research triangulates the data via the different analysis based on the supply side, demand side, and dynamics of the protective coatings market.

However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only provides forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.

Another key feature of this report is the analysis of protective coatings market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market.

However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the global protective coatings market.

To understand key segments in terms of their growth and performance in the protective coatings market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global protective coatings market.

In the final section of the report, protective coatings market, the competitive landscape is included to provide a dashboard view of companies that manufacture and supply protective coatings. The report contains company profiles of some of the major players operating in the global protective coatings market.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders

Protective Coatings Market Manufacturers
Protective Coatings Market Distributors/Traders/Wholesalers
Protective Coatings Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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