Key Companies Covered in the Protective Coatings Market Research are PPG Industries, Inc (U.S.), The Sherwin-Williams Company (U.S.), Jotun (Europe), Kansai Paint Co. Ltd (Japan), The Valspar Corporation (U.S.), and other key market players.
The report covers the protective coatings market on the basis of resin type, technology, applications, and geography. The market data for these types is given with respect to volume (Kilotons) and value ($million). The market size in terms of value of protective coatings was estimated to be $10,594.6 million in 2013, and is projected to grow with a CAGR of 9.75% from 2022 to 2031. The data mentioned in the report are based on the global demand for the protective coatings.
The total market for protective coatings has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to protective coatings raw materials, manufacturers, and end uses. The value chain describes the key contributors to the resins market at different stages from product development to end use. It represents the top players which are contributing to the global protective coatings industry.
The impact of different market factors such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as the growing demand in end-user industries, increased demand for efficiency, and development and modernization of infrastructure; and restraints such as fluctuating costs of raw materials and stringent environmental regulations.
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The protective coatings market is classified based on different resin types and technologies. The important resins include alkyd, acrylic, epoxy, polyurethane, and polyester. The major technologies included are solvent-borne, water-borne, and powder. The applications included in this market includes construction, oil & gas, automotive, aerospace, product finishes, and others. The construction and automotive industries are expected to show rapid growth in the future.
The key companies in this market are Akzo Nobel N.V. (the Netherlands), PPG Industries, Inc (U.S.), The Sherwin-Williams Company (U.S.), Jotun (Europe), Kansai Paint Co. Ltd (Japan), The Valspar Corporation (U.S.), Arkema Group (France), Wacker Chemie AG (Germany), Croda International Plc (England), Sika Group (Switzerland), Hempel Group (Denmark), and others are the most active and important players of the protective coatings industry in the Asia-Pacific market. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving customers more effectively. New product launch was the most preferred strategy by the top players in 2013 that are driving the demand of protective coatings.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 68.52% of the global demand in terms of consumption in 2013. China is the leading country in the consumption of protective coatings due to the increased demand from the construction and automotive industries. The emerging economies such as Brazil, India, Russia are further lined up for a higher growth in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, new product launches, investments, and agreements undertaken by the leading protective coatings companies in the past few years. Furthermore, different protective coatings market participants are also profiled in the report.
Scope of the report
The report segments the global protective coatings market as:
The protective coatings market has been covered in detail in this report. In order to provide an in-depth picture, the current market demand and forecasts have also been included.
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On the basis of resin type:
On the basis of technology:
- Solvent borne
- Water borne
On the basis of application:
- Oil & Gas
- Product Finishes
- Wires & cables
On the basis of region:
- North America
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