Reports and Data estimates the global Protective Coatings Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period.
The Global Protective Coatings Market is projected to reach USD 52.31 billion in 2027. The rise is expected to be fueled by growing demand from the aerospace industry. Protective coatings are commonly used in applications of aerospace such as outdoor topcoats, fuel tanks, anti-chafes, wings, and others. They provide equipment and assemblies with protection against erosion, corrosion, chemical attack, and abrasion and thus help to extend the life and efficiency of components. Over the predicted timeframe, demand for aerospace and defense equipment is expected to see substantial growth across the globe. The revival in global security challenges combined with an expansion in the main nations’ defense spending is projected to push the aerospace industry in the years ahead.
Protective coatings are commonly used in domestic applications and enclosed spaces that are poorly ventilated. They have low content in Volatile Organic Compound (VOC), thereby making them more environmentally conscious than their counterparts. This coating is used in those cases where solvent-borne coatings are expected to react with the substrate. Because of its properties, including outstanding thermal and corrosion resistance, the waterborne coating is the perfect primer. The protective coating is used to protect products from heat and humidity by heat exchangers, boilers, transformers, containers, and material handling equipment. Due to their impermeability, they give the equipment better impact and abrasion resistance.
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The report covers market definitions, classifications, manufacturing and production processes, cost analysis, and government policies and plans. It offers details about the key factors that will positively and negatively impact the market growth over the forecast period. The report also provides pictorial representations of current and emerging trends, business scope, regional bifurcation, and key statistical data. For clear and easy understanding, the statistical data is represented in the form of graphs, charts, diagrams, tables, and figures. The report covers SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis to offer a comprehensive overview of the Protective Coatings market.
Top Companies Profiled in the Report:
Arkema SA, Akzo Nobel NV, PPG Industries, Inc., Axalta Coating Systems, RPM International, Inc., The Sherwin-Williams Company, Wacker Chemie AG, The Dow Chemicals Company, BASF SE, and Kisco Limited, among others.
The Protective Coatings market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Protective Coatings market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
Product Outlook (Revenue: USD Billion; 2017-2027)
- Epoxy
- Acrylic
- Polyurethane
- Polyester
- Alkyd
- Others
Application Outlook (Revenue: USD Billion; 2017-2027)
- Construction
- Oil & Gas
- Aerospace
- Industrial
- Automotive
- Others
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Key Questions Addressed in the Report:
- The global Protective Coatings market study offers an in-depth analysis of the constantly changing market aspects such as market trends, production and consumption ratios, and revenue growth rates.
- The report offers a seven-year assessment of the global Protective Coatings market, highlighting the key market dynamics such as drivers, restraints, trends, and opportunities.
- It throws light on the major product and application segments of the market.
- It offers a comprehensive regional analysis of the global Protective Coatings market.
- The report’s competitive section includes the business profiles of the leading industry manufacturers and stakeholders.
- It therefore helps readers make informed business decisions through its valuable market insights and in-depth analysis of the key segments.
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