Our latest research report entitled Protective Coatings Market (by resin type (epoxy, polyester, polyurethane, and vinyl ester), product formulation (water-borne, solvent-borne, and powder-borne), end-use industry (oil and gas, mining, and power, infrastructure, and others)) provides complete and deep insights into the market dynamics and growth of Protective Coatings. The latest information on market risks, industry chain structure Protective Coatings cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Protective Coatings growth factors.
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Growing Demand for High-Performance Coatings and Environmentally Friendly Protective Coatings Are Driving the Demand
Protective coatings are used to protect metals from corrosion. They are also used for decorative purposes. In addition to corrosion protection and decoration, they import some special properties such as electrical properties, hardness, thermally insulating and oxidation-resistance to the protected surface.
Their ability to protect effectively against corrosion over a number of years depending on a long line of technical parameters including fundamental corrosion protection through the galvanic, barrier or inhibition effects, as well as good adhesion properties, mechanical strength, and resistance against cracking.
High-performance anti-corrosion coatings are used to protect tanks, pipes, processing equipment, metal, and concrete structures from deterioration caused by exposure to a corrosive environment. The growing infrastructure and construction industry is the major driver for the protective coatings market. The protective coatings have an intensive application in the construction industry as a protective agent and corrosion-resistant for metal and plastic structures.
Further, the major player in this market is concentrating on research and development activities that help to drive the growth of the market in the coming years. Furthermore, growing demand for high-performance coatings and environmentally friendly protective coatings are driving the demand of the market.
However, strict environmental regulations on the production and usage of protective coatings are hindering the growth of the market. Moreover, the growing demand for the maintenance of existing substrates provides a growth opportunity for the protective coatings market.
Asia-Pacific is the Largest Region for the Protective Coatings Market
The Asia-Pacific is the largest region for the protective coatings market owing to a growing demand for new infrastructure, increased investments to upgrade aging infrastructure and development of major rail and road projects.
China and South Korea are the major contributors to the market owing to the significant growth in construction, infrastructure and oil and gas industry in these regions. North America is the second-largest region for the protective coatings market owing to increasing commercial construction activities in this region.
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Report on Global Protective Coatings Market Covers Segments Such As Resin Type, Product Formulation, and End-Use Industry
On the basis of resin type, the sub-markets include epoxy, polyester, polyurethane, and vinyl ester. On the basis of product formulation, the sub-markets include water-borne, solvent-borne, and powder-borne. On the basis of the end-use industry, the sub-markets include oil and gas, mining, power, infrastructure, and others.
The report provides profiles of the companies in the market such as Wacker Chemie AG, Axalta Coating Systems, AkzoNobel NV, Sherwin-Williams Co, Arkema SA, PPG Industries, RPM International, BASF, Nippon paints, and Dow Corning.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Protective Coatings.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.