The global protective coatings market, along with its end products, has witnessed a remarkable growth in the past few years. This growth is estimated to increase in the coming years. The quality, durability, corrosion and fire protection properties, and the upcoming safety regulations and innovative techniques for its use will be the key influencing factors for the global protective coatings market with the increased emphasis on its different types and applications.
The market size in terms of value of protective coatings was estimated to be $10,594.6 million in 2013, and is projected to grow with a CAGR of 9.75% from 2014 to 2019. Considerable amount of investments are made by the protective coatings players to serve the end-user applications industry in the future. The Asia-Pacific region is the most important market that accounted for about 68.52% market share of the total global demand in 2013. The region is further estimated to show a high growth in the future, mainly due to the high growth potential of protective coatings in the infrastructure and automotive market in China and India.
Almost 49.82% of the total protective coatings demand was for the construction applications in 2013, followed by the automotive industry primarily due to its high penetration in all the regions. Due to stringent governmental regulations, the solvent-borne coatings technology is rapidly getting replaced by water borne and other environmental friendly technologies. In terms of resin type, epoxy holds a maximum share of about 32.79% in 2013, due to their high level of mechanical properties, corrosion protection, and chemical resistance. The drivers of the industry are growing demand in end-user industries, increased demand for efficiency, and development and modernization of infrastructure.
This study basically aims to estimate the global market of protective coatings for 2014 and to project its demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of the global protective coatings market. We have used various secondary sources such as encyclopedia, directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the protective coatings market. The primary sources experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of protective coatings.
Competitive scenarios of the top players in the protective coatings market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include key manufacturers such as Akzo Nobel N.V. (the Netherlands), PPG Industries Inc. (U.S.), The Sherwin-Williams Company (U.S.), Jotun (Europe), Arkema Group (France), Kansai Paint Company Limited (Japan), The Valspar Corporation (U.S.), and others.
Scope of the report:
This research report categorizes the global market for protective coatings on the basis of resin type, technology, applications, and geography along with forecasting volume, value, and analyzing trends in each of the submarkets.
On the basis of resin type:
On the basis of technology:
On the basis of application
Oil & Gas
On the basis of region:
The market is further analyzed for key countries in each of these regions.
MarketsandMarkets is a global market research and consulting company based in the U.S. It publishes strategically analyzed market research reports and serves as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
Protective Coatings Market Estimated to Grow with a CAGR of 9.75% from 2014 to 2019
Published July 24, 2014
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