Global Protective Coatings Market is expected to rise from its initial estimated value to a projected value of USD 25.54 billion by 2026, registering a CAGR of 6.18% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing need for easily applicable products and innovative and effective product offerings.
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The Protective Coatings market research report is a splendid arrangement of various sorts of analysis of basic parts of the worldwide Electrocardiography showcase. It reveals insight into how the worldwide market is relied upon to develop over the span of the figure time frame. With SWOT investigation and Porter’s Five Forces examination, it gives a profound clarification of the qualities and shortcomings of the worldwide market and various players working in that. The creators of the report have likewise given subjective and quantitative investigations of a few microeconomic and macroeconomic components affecting the worldwide market.
Major Key players profiled in this report are:
Wacker Chemie AG; PPG Industries, Inc.; Akzo Nobel N.V.; The Sherwin-Williams Company; Arkema; Sika AG; RPM International Inc.; Axalta Coating Systems, LLC; HEMPEL A/S; BASF SE; Beckers Group; Induron Protective Coatings; H.B. Fuller Company; Jotun; Kansai Paint Co.,Ltd. and Nippon Paint Holdings Co., Ltd.
Major Market Drivers:
- Rise in the levels of urbanization and industrialization which has resulted in the construction and establishment of various buildings; this factor is expected to act as a driver for the market growth
- Product innovations and advancements resulting in new product launches; this factor is expected to act as a driver for the market growth
Protective coatings are layering materials applied on various substrate surfaces so that the substrates can be prevented from corrosion and various harmful factors such as corrosion, water resistance, fungal, and various other factors. They are usually applied as an addition to the surfaces and bring more of a functional characteristic instead of an aesthetic appeal.
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- Presence of strict regulations in place for the emissions caused by the production of these coatings; this factor is expected to act as a restraint to the market growth
- High and volatile nature of the cost of raw materials used in the production of these coatings are expected to restrain the market growth
Global protective coatings market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of protective coatings market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
By Resin (Acrylic, Epoxy, Polyester, Polyurethane, Alkyd, Vinyl Esters, Others)
By Formulation (Powder-Based, UV-Cured, Water-Borne, Solvent-Borne)
By End-User (Oil & Gas, Automotive, Infrastructure & Construction, Aerospace, Marine, Industrial, Mining, Power Generation, Others)
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Why to purchase this report?
Following are the reasons to consider this Protective Coatings report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall market.
- This report not only analyzes present market condition but it likewise estimates how the market is going to perform for estimated time period of 2019-2026.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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