Global Protective Coatings Market, 2016-2022
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Global Protective Coatings Market is Expected to Account for US$ 23.2 Bn by 2022: Persistence Market Research
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Global Protective Coatings Market, 2016-2022 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research ‘Global Market Study on Protective Coatings: Water-borne Protective Coatings Projected to Reflect Impressive Growth Over the Forecast Period ’, the global protective coatings market is estimated to be valued at US$ 13.8 Bn by 2016 end, and is expected to increase at a CAGR of 9.0% during 2016-2022.
The protective coating is a covering that is applied over a surface to ensure protection from external environment that could damage the function or integrity of an item or part. Protective coatings find application in consumer products as well as in heavy machinery, marine, automotive and oil & gas industry, etc. Protective coatings are generally classified by their basic resin type, such as epoxy, alkyd, acrylic, or polyurethane. However, different blends of resin, pigments, solvents, and additives result in different serviceability and properties of protective coatings.
Growing demand for new infrastructure in developing economies and increased investments to upgrade aging infrastructure in developed economies are expected to emerge as major factors driving the growth of protective coatings market during the forecast period. Innovations in product and technology focused on eco-friendly and cost-efficient solutions and increasing adoption of water-borne protective coatings due to stringent environmental regulations are other factors expected to fuel the growth of the market over the forecast period. However, stringent government regulations focusing on reduced VOC emissions, availability of substitutes at cheaper costs and volatility of raw material costs are projected to impede the growth of the global protective coatings market during the forecast period. Global protective coatings consumption is expected to increase from 5,657 kilotons by 2016 end to 8,509 kilotons by 2022, increasing at a CAGR of 7.0% during the forecast period.
In terms of market value, Asia-Pacific is expected to dominate the global protective coatings market over the forecast period, with North America being the second largest market, accounting for revenue share of 23.4% of the global estimated market value by 2016 end. Asia Pacific protective coatings market is slated to expand at the highest CAGR of around 11.8% in terms of value during the forecast period. Request Sample Report: http://www.persistencemarketresearch.com/samples/3082
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Global Protective Coatings Market, 2016-2022 On the basis of technology, the water-borne segment is expected to expand at the fastest value CAGR during the forecast period. The growth of this segment is primarily driven by increased adoption of water-borne protective coatings over solvent-borne due to the stringent environmental regulation limiting VOC emissions. On the basis of resin type, revenue contribution of the epoxy segment is expected increase at the highest CAGR of 9.4% during the forecast period. On the basis of application, infrastructure segment is expected to dominate the market, accounting for a revenue share of 22.2% by 2016. Commercial real estate and industrial plants & facilities segments are expected to witness CAGRs of 8.0% and 7.7% in terms of consumption during the forecast period.
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/protective-coatings-market.asp
Akzo Nobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Hempel Group, The Valspar Corporation and Jotun are the leading players in the global protective coatings market. Other players include Sika AG, Kansai Paints Co. Ltd, and Wacker Chemie AG.
The global protective coatings market is segmented as follows:
By Technology
Solvent-borne
Water-borne
Powder
Others
By Resin Type
Epoxy
Polyurethane
Acrylic
Alkyd
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Global Protective Coatings Market, 2016-2022
Polyester
Others
By Application
Infrastructure
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
Commercial Real Estate
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
Industrial Plants and Facilities
Epoxy
Polyurethane
Acrylic
Alkyd
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Global Protective Coatings Market, 2016-2022
Polyester
Others
Oil & Gas
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
Power
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
Mining
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
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Global Protective Coatings Market, 2016-2022
By Regions
Asia Pacific
Europe
North America
Latin America
The Middle East & Africa
Market History: The protective coating is a covering that is applied over a surface to ensure protection from external environment that could damage the function or integrity of an item or part. Protective coatings find application in consumer products as well as in heavy machinery, marine, automotive and oil & gas industry, etc. Protective coatings are generally classified by their basic resin types such as epoxy, alkyd, acrylic, or polyurethane. Epoxy resins segment account for a dominant share of the protective coatings market. However, various blends of resin, pigments, solvents, and additives result in different serviceability and properties of protective coatings.
The global protective coatings market is expected to expand at a CAGR of 9.0% in terms of value over the forecast period (2016–2022), to reach market value of US$ 23.2 Bn by 2022.
Protective coatings market growth is influenced by a number of factors, including growing demand for new infrastructure in developing economies and increased investments to upgrade aging infrastructure in developed economies. Product and technology innovations focused on eco-friendly and cost-efficient solutions is another factor expected to fuel the growth of the market over the forecast period. The major trend observed in the market is the adoption of water-borne coatings over solvent-borne coatings due to stringent environmental regulations limiting VOC emissions.
Persistence Market Research, in its latest report titled ‘Protective Coatings Market: Global Industry Analysis and Forecast, 2016–2022’, has segmented the global protective coatings
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Global Protective Coatings Market, 2016-2022 market into technology, resin type, application and regions. On the basis of technology, the market is segmented into solvent-borne, water-borne, powder and others. On the basis of resin type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, polyester and others. On the basis of applications, the market is segmented into infrastructure, commercial real estate, industrial plants and facilities, oil & gas, power and mining. On the basis of geographic regions, the protective coatings market is segmented into Asia-Pacific, Europe, North America, Latin America and the Middle East & Africa.
Amongst the aforementioned regions, Asia Pacific protective coatings market is expected to expand at the highest CAGR of 9.4%, in terms of volume during the forecast period. The market in the region is expected to account for 41.6% share of the global protective coatings market volume by 2016 end. In terms of market volume, Europe market is expected to depict slow growth during the forecast period. It is slated to account for a value share of 21.3% by the end of 2016. Revenue contribution of Latin America and the Middle East & Africa to the global protective coatings market is expected to increase significantly at CAGRs of 9.3% and 8.4% respectively, over the forecast period.
About Us:
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Global Protective Coatings Market, 2016-2022 Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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