Safeguarding Surfaces: Unraveling the Potential of Protective Coatings Market for Durability, Longevity, and Corrosion Resistance

The most recent industry analysis from Persistence Market Research predicts that the global market for protective coatings will reach US$ 25.2495 billion in 2023. With a consistent growth rate of 6.3%, the market for protective coatings is anticipated to reach US$ 46.514 billion in value by 2033.

This latest Persistence Market Research report examines the global protective coatings market for the forecast period 2023-2033. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the global protective coatings market.

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Key Companies-

Akzo Nobel N.V.
PPG Industries Inc.
The Sherwin-Williams Company
The Valspar Corporation
Jotun
Hempel Group
Kansai Paints Co. Ltd.
Other

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A protective coating is a covering that is applied over a surface to ensure protection from external environment that could damage the function or integrity of an item or part. Protective coatings find application in consumer products as well as in heavy machinery, marine, automotive and oil & gas industry, etc.

Protective coatings are generally classified by their basic resin types such as epoxy, alkyd, acrylic, or polyurethane. However, different blends of resin, pigments, solvents, and additives result in different serviceability and properties of protective coatings.

To understand and assess the opportunities in this market, the report is categorically divided into four sections, namely, technology, resin type, application, and region. The report analyses the global protective coatings market in terms of market value (US$ Mn) and volume (kilotons).

The report begins with an overview of the global protective coatings market, appraising market performance in terms of revenue and volume, followed by Persistence Market Research & analysis of key trends, drivers, and restraints witnessed in the global market.

Key trends specific to different geographies are also included in the report to equip the client with crystal clear decision-making insights.

To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split, by technology, resin type and application, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates.

The forecast presented in the report assesses the total revenue generated by the global protective coatings market.

When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future.

Given the characteristics of the market, Persistence Market Research triangulates the data via the different analysis based on the supply side, demand side, and dynamics of the protective coatings market.

However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only provides forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.

Another key feature of this report is the analysis of protective coatings market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market.

However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the global protective coatings market.

To understand key segments in terms of their growth and performance in the protective coatings market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global protective coatings market.

In the final section of the report, protective coatings market, the competitive landscape is included to provide a dashboard view of companies that manufacture and supply protective coatings. The report contains company profiles of some of the major players operating in the global protective coatings market.

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Key Questions Answered in This Report -

Which nations decisively control the exports of protective coatings?
Which trends are prevalent in the protective coatings market?
What is the protective coatings market value in South Korea and Japan?
In terms of value, what will be the market metrics for 2031?
How much of the global market share is influenced by the top 5 players?
How is the protective coatings industry expected to perform over the decade?
Which nations drive most of the demand for protective coatings?
At what pace did the market evolve from 2016 to 2020?
What is the outlook for the Germany market in Europe?

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.