Insights on Global Protective Coatings Market and Growth Forecast Discussed in New Research for the Period 2017-2025

Presently, there are innumerable types of protective coatings that are increasingly used for varied types of applications and purposes. Recently, a study has been conducted which gives an in-depth insights on the global demand for protective coatings and provides a complete perspective on the market’s growth in the coming years. Market Research Reports Search Engine (MRRSE) has freshly publicized this study to its vast repository, which is titled as “Protective Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. According to the findings of the latest study, the global protective coatings market is all set to exhibit impressive growth in the coming few years. It is likely to gain from the rising demand from industries such as building and construction, oil and gas, aerospace, automotive, industrial, marine, and others.

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For the benefit of the readers, the research highlights market opportunities and its current as well as future scenario covering different geographical regions namely Europe, Asia Pacific, North America, Middle East & Africa and Latin America. In addition, the research segments the global protective coatings market on the basis of resin type, product formulation, and end-use industry. These segments have been analyzed based on present and future trends.

Market Introduction

Firstly, the report begins with an overview of the global protective coatings market, with assessments on key market segments offered in the report in terms of revenues. It has been analyzed that the use of protective coatings is extremely significant because it provides resistance against corrosion, chemical attacks, extreme weather conditions and protection from other such possible risks or dangers to which various metals and materials are exposed. The analysts also clearly stated that the protective coatings market will primarily gain from the hastening investment in building and construction activities worldwide. As per the report evaluations, the global protective coatings market is foreseen to rise from US$12,463.7 mn in 2016 and to reach a valuation of US$19,374.50 mn by the end of 2025. At this pace, the market is expected to register an auspicious CAGR of 5.10% from 2017 to 2025.

From a geographical point of view, the Asia Pacific region dominates the market for protective coatings followed by Europe and North America. This is due to rapid industrialization taking place in this region. Low cost of labor and easy availability of materials are chief factors mainly responsible a healthy presence of the market in this region.

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In terms of resin type, the protective coatings can be classified into acrylic, epoxy, polyurethane, alkyd, polyesters, others (phenolic, fluoropolymer, nitrocellulose etc.). By product formulation, it includes solvent borne, water borne, powder borne and others.

In the end, leading players operating in the global protective coatings market are also outlined. Key players profiled in the study are Nippon Paint Holdings Company Limited, PPG Industries Inc., Arkema Group, Sherwin-Williams Company, Kansai Paint Company Limited, Jotun Group, Akzo Nobel N.V., Axalta Coating Systems, Hempel A/S, Sika AG.

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This release was published on openPR.