Protective Coatings Market Profile | Trends, Revenue Analysis | Forecast To 2025
The global protective coatings market was valued at USD 24.90 billion in 2015 and is anticipated to grow with higher CAGR during the forecast period, providing numerous opportunities for market players to invest for research and development.
(firmenpresse) - The global Protective Coatings Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global protective coatings market was valued at USD 24.90 billion in 2015. The growth in this market is primarily an outcome of significant consumption in key end-use industries such as construction, oil & gas, and aerospace.
Key Players:
AkzoNobel NV
PPG Industries
The Sherwin-Williams Co.
Arkema SA
Wacker Chemie AG
Sika AG
RPM International Inc.
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Growth Drivers:
The growth in the protective coatings market is expected to be positively impacted by the rise in the aerospace and automotive industries worldwide. The rising demand for passenger cars and the growing air traffic, most notably in emerging regions, are expected to drive the growth of this industry during the forecast period.
The product finds major applications in the construction, mining, power generation, aerospace, industrial, and marine industries, among which the construction segment accounted for the largest share in 2015. The growing infrastructure development in emerging countries such as India, Brazil, and China are anticipated to drive the demand for the product during the forecast period.
Type Outlook:
Acrylic
Epoxy
Polyurethane
Alkyd
Polyester
Regional Insights:
The Asia Pacific accounted for a major share of the overall industry in 2015, having recorded revenues of over USD 18 billion. This regional industry segment is expected to continue its dominance in the coming years, as a result of the presence of numerous manufacturers, easy availability of raw materials, rising construction initiatives being taken by governments, and low production costs. China is expected to be among the highest growing markets for the product worldwide during the forecast period, projected to grow at a CAGR of nearly 10%.
The European region is expected to observe slow growth in the protective coatings industry, primarily owing to the political and economic instabilities in the region. The industry in Russia has been witnessing a significant boost in the construction sector, which is expected to offer high growth potential to product manufacturers in the region during the forecast period.
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protective-coatings-market-news
global-protective-coatings-market-industry-size
protective-coatings-market-share
protective-coatings-market-demand
protective-coatings-market-analysis
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2020 - 11:37 Uhr
Sprache: Deutsch
News-ID 619525
Anzahl Zeichen: 3268
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Chemical industry
Typ of Press Release: Financial
type of sending: don't
Date of sending: 16.09.2020
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