In-depth analysis and data-driven insights on the impact of COVID-19 included in this global protective coatings market report.
The protective coatings market is expected to grow at a CAGR of approximately 6% during the period 2020−2026.
Key Highlights Offered in the Report:
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Protective Coatings Market – Segmentation
Protective Coatings Market by Resin Type
Protective Coatings Market by Formation Type
Protective Coatings Market by Functional Solution
Protective Coatings Market by End-user Industry
Protective Coatings Market – Dynamics
There are various research and innovations being carried out to increase the efficiency of protective coatings. Protective coatings manufacturers are trying to improve the composition of coatings. For instance, Sherwin Williams has introduced epoxy coatings that offer mildew resistant corrosion to enhance the efficiencies of oil and gas storage tanks. This has longer lasting effect and gives good aesthetic finish. Sherwin also introduced the Macropoxy 646 technology that offers high chemical abrasion resistance both inside and outside the oil and gas tanks. This product will help tanks and pipelines work more effectively with good aesthetics. Macropoxy 646 is a low volatile organic compound that can be easily applied with brush rollers and airless sprays.
Key Drivers and Trends fueling Market Growth:
Protective Coatings Market – Geography
China, India, and Japan were the largest contributors of the region and together accounted for approximately 64% of the total revenue share in 2020. The growth of protective coatings market in the APAC region is expected to increase due to increase in number of constructions, marine, and energy industries in China and India. These investments will be accountable for boosting the growth of protective coatings market in the region. The need for high-quality infrastructure in developing countries such as India and China have been driving the growth of the protective coatings market in the recent years. In emerging economies such as India, increased foreign direct investments are anticipated to enhance market growth. Rapid urbanization has highly contributed toward the growth of construction, chemical, and power generation sectors. All these factors are driving the growth of the protective coatings market in the APAC region.
Protective Coatings Market by Geography
Major Vendors
Other Prominent Vendors
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