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Protective Coatings Market Size, Share & Industry Analysis, By Type (Acrylic, Epoxy, Polyurethane, Alkyd, Polyester, Other), By Formulation (Solvent based, Water based, Powder based), By Application (Building & Construction, Oil & Gas, Industrial, Marine, Mining, Power, Automotive, Other) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102942 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Protective Coatings is applied to substrate surface to protect it from corrosion and external environmental conditions. It is a thick cohesive film that is used for sealing, waterproof, flooring, and chemical & wears resistance. Vapour deposition, chemical & electrochemical techniques, spraying, roll to roll and physical coating are some of the techniques used to apply the coating. It is also used for coating heat exchangers, containers, transformers, boilers, and other machines.


Increase in construction activities shall foster the industry growth. The increasing spending of governments for housing projects, smart city projects, commercial parks, malls and other infrastructure is likely to boost the market. For instance, the Pradhan Mantri Awas Yojana initiative by government to provide affordable house for urban poor. Moreover, the growing demand from end-use sectors like oil & gas, power and automotive is expected to drive the market.


Key Market Driver -

Increasing demand for protective coatings in construction industry.

Key Market Restraint -

Stringent rules imposed by government authorities.


However, the stringent rules imposed by regulatory authorities regarding the discharge of VOCs during manufacturing of the coatings are likely to hinder the market growth.


Market Segmentation:


Based on the type, the market is segmented into acrylic, epoxy, polyurethane, alkyd, polyester and other. Based on formulation, the market is segmented into solvent based, water based and powder based. Based on end-use industry the market is segmented into building & construction, oil & gas, industrial, marine, mining, power, automotive and other.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The key players operating in the Protective Coatings market are the sherwin williams company, PPG industries, AkzoNobel, Nippon Paints, Axalta, Hempel, and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Protective Coatings market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds the largest share in market owing to the huge demand from end use sectors like industrial, construction, mining, power generation and oil & gas. Moreover the presence of large number of manufacturers in the region is likely to boost the regional market. North America is the second largest market owing to the growing infrastructure and construction sector. Europe is estimated to show moderate growth due to the demand from automotive industries for passenger cars & commercial vehicles. The Latin America and Middle East & Africa is expected to show moderate growth.


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Segmentation


























 ATTRIBUTE


 DETAILS

By Type




  • Acrylic

  • Epoxy

  • Polyurethane

  • Alkyd

  • Polyester

  • Other



By Formulation




  • Solvent based

  • Water based

  • Powder based



By Application




  • Building & Construction

  • Oil & Gas

  • Industrial

  • Marine

  • Mining

  • Power

  • Automotive

  • Other



By Geography




  • North America (U.S., and Canada)

  • Europe (UK, Germany, France, and Rest of Europe)

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Latin America (Brazil, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia and Rest of the Middle East & Africa)



Protective Coatings Industry Developments



  • In March 2020, PPG Completed the acquisition of Alpha Coating Technologies, a light industrial powder coatings producer for industrial applications and heat susceptible substrates. It helped in expanding PPG’s product portfolio in powder coatings.

  • In December 2019, PPG Introduced PPG HI-TEMP 900 Coating for commercial applications for combating corrosion under insulation thus expanding  its line of high temperature  resistant coatings.

  • In September 2019, Axalta Coating System acquired Capital Paints in the United Arab Emirates to expand its powder-based coatings offerings.


Protective Coatings Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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