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Protective Coatings Market

Protective Coatings Market

Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Chemicals & Materials | Author Name: Harshad

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The demand for protective coatings is increasing as more and more people are becoming aware of their benefits. Protective coatings provide a number of advantages over other finishes, including increased durability, resistance to weathering and corrosion, and improved aesthetics. The Coating can be used on a variety of surfaces, including wood, metal, concrete, and plastic. They are available in a wide range of colors and finishes, making it easy to find the right coating for any application. One of the main drivers of protective coatings market is that most of the consumers are buying the products to extend the life of the underlying surface as it surfaces from weathering, erosion, and corrosion, which can greatly reduce the life expectancy of the surface. Additionally, protective coatings can provide the surface with additional protection against water damage, mold, mildew, corrosion, and other environmental factors.

Wide Applications of Protecting Coatings to Drive Growth of Protective coatings market

Protective coatings are used in many different industries. The civil building & infrastructure industry uses them for flooring, wood finishes, interior & exterior walls, bridges, swimming pools, doors, and ceilings. Protective coatings are also used in transportation for paint on airplanes and trains. They can be found in automobiles for rust proofing cars through the use of rust proofer sprays or an anti-rust coating paint spray. Other protective coatings are used to make fireman coats flame retardant, which reduces the risk of injury when coming into contact with flames or sparks during a firefight or rescue mission.

Epoxy Protective coatings market is Booming, With New Innovations and Developments that are Keeping it Competitive

Protective coatings are widely used in building and infrastructure to prevent corrosion and extend the life of the asset. There are a variety of coatings available, each with its own advantages and disadvantages. The most common types of coatings include epoxy coating, paint coating, polyurethane, acrylic, zinc, and alkyd. Wherein, epoxy coatings are one of the most popular types of coatings because they offer excellent protection against corrosion. They are also very durable and can last for many years. However, epoxy coatings can be difficult to apply and can be expensive, which may hinder the growth of protective coatings market to some extent.

Epoxy coatings are employed in many different industries including the aerospace, automotive, marine, pipe line applications, oil and gas industry. Epoxy coatings provide excellent corrosion protection to applications exposed to acids; alkaline; moisture; salt; metal cleaners; fuel oils; oil exposure etc. which can be harmful or destructive to some other types of protective coatings like paint coating. Though epoxy is more expensive than paint coating but they are very durable and offers excellent abrasion resistance which makes them ideal for high traffic floors where maintenance cost needs to be minimized. The epoxy coating is basically made up of two components that include resin and hardener that together form an adhesive material useful various applications requiring a tough surface coating.

Increasing Demand for Protective Coating for Strengthening Old Infrastructure

The need to protect old infrastructure from corrosion and subsequent failure has never been greater, which is why there's a major demand for protective coatings. A recent study shows that more than 50% of bridges in the United States will require some kind vice-like replenishment within 20 years if nothing changes. Infrastructure that is over 30 years old needs to be replaced with new, improved structures in order for them continue functioning properly. The aging process causes these outdated pieces of equipment and systems - like bridges or pipelines-to become more susceptible to failure which leads us into an increase demand on protective coatings from such surfaces as metal plating due their inability withstand time's natural elements. The old infrastructure is becoming more vulnerable to environmental damage and it's a serious problem. It will eventually cause collapse, which could lead to accidents or injuries because some parts of these structures may not be able hold up under pressure anymore.

The increasing demand for protective coating from outdated buildings and infrastructure is projected to drive growth of protective coatings market.

Asia Pacific Protective coatings market is projected to Witness Fastest Growth

Protective coatings are a must-have for any industry that demands high quality and standards. Asia Pacific, with its rapid growth in demand for protective coating products has become the center of this profitable market trend. There's no question about it - Asian countries like South Korea have been leading producers since they were first introduced over 40 years ago but now other nations such China expect to fill those shoes if needed because there isn't enough production coming out yet due largely from decreased fossil fuel use. This rapid expansion has been because countries such as China and India are working towards economic development while still maintaining their agricultural sectors which provides them food security needs alongside other basic necessities like housing or transportation.

The automotive industry is one of the main drivers of this demand, as carmakers are always looking for ways to improve the durability and longevity of their products. In addition, the construction industry is also seeing rapid growth in Asia Pacific, as more and more people are moving to cities and needing new homes and office buildings. Protective coatings are essential in both industries, as they help protect against weathering, corrosion, and other forms of damage.  Overall, the demand for protective coatings is growing rapidly in Asia Pacific, and countries in the region are taking advantage of this by investing in new production facilities. This is good news for coating manufacturers, as it means that there is a lot of potential for growth in global protective coatings market.

Key Players

Some of the key producers in the global protective coatings market are Nippon Paint Holdings Co., Ltd., Jotun; Kansai Paint Co.,Ltd. Sherwin-Williams, Beckers Group, Induron Protective Coatings; PPG Industries, Axalta Coating Systems, LLC,  Hempel, AkzoNobel N.V., BASF SE and Jotun.

Key Elements Included In The Study: Global Protective Coatings Market

  • Protective Coatings Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2021
  • Volume Consumption at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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