Press release
2K Protective Coatings Market estimated value of USD 13.30 billion by 2029, registering a steady CAGR of 4.9% throughout the forecast period
2K Protective Coatings Market Report Scope and Research MethodologyThe report thoroughly analyzes the global 2K protective coatings industry, classifying the market based on resin type, application, end-user, and region. By studying market dynamics from 2016 to 2020, the report allows readers to compare past trends with current market scenarios, along with assessing the contributions of key players in the industry.
In profiling major market players from different regions, the report considers market leaders, followers, and new entrants, taking into account investor perspectives. It provides a detailed examination of the manufacturing environments in various regions, focusing on their impact on manufacturing costs, supply chains, raw material availability, labor costs, and access to advanced technology. Additionally, the report offers recommendations for potential growth areas in the Asia Pacific region. Moreover, it covers the impact of manufacturing policies in major countries on market demand.
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What are 2K Protective Coatings Market Dynamics?
One of the key drivers propelling market growth is the increasing demand from the civil building and infrastructure industry. The durability and high resistance to water and chemicals make 2K protective coatings ideal for various applications. They are widely used in architectural projects for steelwork, paneling, interior and exterior walls, as well as wood finishes. Moreover, their chemical resistance makes them suitable for coating surfaces in laboratories, hospitals, leisure centers, and other facilities. Infrastructure projects requiring long-term stability and the ability to withstand harsh weather conditions, such as acid rain, also utilize 2K protective coatings. Additionally, these coatings are used for flooring in bathrooms, kitchens, hotels, and swimming pools to prevent leakages and moisture. Furthermore, the attractive finish and resistance to color fade provided by 2K protective coatings are expected to drive market growth worldwide.
However, the market growth may face challenges due to the high prices of raw materials. The manufacturing cost of 2K protective coatings is increasing, primarily due to fluctuating crude oil prices and foreign currency exchange rates. This factor is anticipated to restrain market growth during the forecast period.
What are 2K Protective Coatings Market regional insights:
The Asia Pacific region is expected to witness the highest growth during the forecast period, exhibiting a CAGR of xx%. The demand for 2K protective coatings is driven by emerging economies, industrial growth, and the marine sector in countries such as India, China, and South Korea. Currently, Asia Pacific leads in both production and consumption of 2K protective coatings, fueled by increasing foreign direct investments and thriving industrial sectors due to the availability of land and low-cost labor.
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What is 2K Protective Coatings Market Segmentation?
by Resin Type
• Epoxy
• Polyurethane
• Alkyd
• Acrylic
• Others
by Application
• Abrasion resistance
• Chemical resistance
• Fire protection
• Heat resistance
• Corrosion protection
• Pipe coatings
• Tank linings
by End-user
• Oil & Gas Exploration, Production, and Transmission
• Petrochemical- Refineries and Chemical Processing
• Marine
• Cargo Containers
• Power Generation
• Water and Waste Treatment
• Civil Building and Infrastructure
• Food and Beverage Plants
• Others
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Who are 2K Protective Coatings Market Key Players?
• AkzoNobel N.V.
• PPG Industries
• The Sherwin-Williams Company
• Jotun A/S
• Hempel A/S
• Chugoku Marine Paints Ltd.
• Nippon Paints Holdings Co. Ltd.
• Kansai Paint Co., Ltd.
• Sika AG
• RPM International Inc.
• The Valspar
• Axalta Coating Systems
• Vitro
• Dunn-Edwards
• Tikkurila
• Teknos
• BASF
• Henkel Vorzuege
• Benjamin Moore
• Kelly-Moore Paints
• Berger Paints India Ltd.
• Cloverdale Paint Inc.
• Dulux Group
• Guangdong Maydos Building Materials Limited Company
• Noroo Paint & Coatings Co. Ltd.
• Parker Hannifin Corp
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Table of content for the 2K Protective Coatings Market includes:
1. Global 2K Protective Coatings Market : Research Methodology
2. Global 2K Protective Coatings Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global 2K Protective Coatings Market : Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global 2K Protective Coatings Market Segmentation
• Global Market, by Resin Type (2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by End-user (2021-2029)
5. Regional 2K Protective Coatings Market (2021-2029)
• Regional Market, by Resin Type (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by End-user (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ https://www.maximizemarketresearch.com/market-report/global-2k-protective-coatings-market/94751/
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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