Research and Markets: Global Protective Coatings Market Outlook 2019 - Key Analysis of the $10 Billion Industry

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/lvjkxj/protective) has announced the addition of the "Protective Coatings Market by Resin Type, by Technology & by Application- Global Trends & Forecast to 2019" report to their offering.

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 2014 to 2019.

The protective coatings market has a wide range of players ranging from small- and medium-sized companies to large players. Construction, oil & gas, automotive, aerospace, and product finishes are the major end-user industries for protective coatings showing high growth potential. Other end-user industries such as marine, wind turbines, chemical & fertilizer industry, and OEMs have not commercialized the use of protective coatings and are thus set to record a lower growth rate.

Protective coatings are used to deliver high performance benefits in terms of corrosion protection, wear and tear, anti-fouling, fire protection, chemical attack, extreme weather conditions, hazardous industrial conditions, and so on. Due to these properties, there is a growing demand for protective coatings from both existing and emerging end-user industries thus driving the market. Also, the shift from solvent-based systems toward water-based systems has helped reduce the VOC (Volatile Organic Compounds) emissions in the environment, thus creating increased demand for protective coatings. However, fluctuations in the cost of resins and lack of innovation in the industry are restraining the growth of the protective coatings market.

Asia-Pacific is identified as the largest market as well as the highest growing in the next five years among all the regional markets. Europe and North America accounted for the second- and third-largest markets respectively for protective coatings consumption.

The growing demand for protective coatings has prompted many companies to develop new and innovative products to capture the major share in different end-user industries. Thus, most of the companies are focused on new product development as their major growth strategy. The other growth opportunities such as capacity expansion, partnerships, investments, and acquisitions are also adopted for intensifying the penetration in the protective coatings market.

Scope of the report:

On the basis of resin type:

  • Alkyd
  • Acrylic
  • Epoxy
  • Polyurethane
  • Polyester
  • Others

On the basis of technology:

  • Solvent-borne
  • Water-borne
  • Powder
  • Others

On the basis of application

  • Construction
  • Oil & Gas
  • Automotive
  • Aerospace
  • Product Finishes
  • Others

Companies Mentioned

  • AKZO Nobel N.V.
  • Arkema Group
  • Croda International PLC
  • Hempel Group
  • Jotun
  • Kansai Paint Co., Ltd
  • PPG Industries, Inc.
  • Sika Group
  • the Sherwin-Williams Company
  • The Valspar Corporation
  • Wacker Chemie ag

For more information visit http://www.researchandmarkets.com/research/lvjkxj/protective

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Chemicals

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Chemicals