Protective Coatings Market – Key Financial Metrics and Competitive Analysis 2018

The Global Protective Coatings Market is expected to witness significant growth over the forecast period owing to the increasing demand for anti-corrosion, thermal resistant, and durable coating formulations in the aerospace and oil & gas industries. The rising demand from key end-use segments such as oil & gas, aerospace, construction, and industrial owing to its superior properties over its counterparts is expected to propel the industry demand over the forecast period.

The growing application scope of protective coatings in the aforementioned segments can be attributed to the growing need for low-VOC coating solutions, which offer resistance to wear & tear, high temperatures, and corrosion, while ensuring low maintenance costs.

Construction dominated the industry, globally, in 2015. The growing infrastructure development in emerging countries such as India, China, Brazil, and Russia is expected to drive demand for the product in the construction end-use industry over the projected period. Globally, epoxy and alkyd product segments are slated to witness significant growth in terms of volume during the forecast period, growing at a CAGR of over 10% during the forecast period.

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This is mainly attributed to low VOC content, efficiency, and favorable government policies, along with the rising demand from key end-use verticals such as construction and aerospace.

Top Players of Protective Coatings Market:

Key participants in the industry include AkzoNobel NV, PPG Industries, The Sherwin-Williams Co., and Arkema SA, among others.

Market Segmentation of Protective Coatings Market:

The Global Protective Coatings Market segmented on the basis of Resin Type, Product and End-Use.

By Resin Type:

    Acrylic
    Epoxy
    Polyurethane
    Alkyd
    Polyester

By Product:

    Solvent-borne
    Water-borne
    Powder-based

By End-Use:

    Construction
    Oil & Gas
    Aerospace
    Industrial
    Marine
    Automotive
    Power Generation
    Mining

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