A detailed report on Global Protective Coatings Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global Protective Coatings , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production, revenue, and other estimations for the global as well as regional markets.
Market Dynamics:
Merger and acquisition (M&A) by key players for global expansion is also expected to drive the growth of the protective coatings market. For instance, in January 2021, Houston-based NACE International and Pittsburgh-based SSPC merged to form a new organization, named the Association for Materials Protection and Performance (AMPP), to create a unified voice for the corrosion control and protective coatings industries.
Moreover, increasing demand for protective coatings from the infrastructure and construction industry is expected to propel the growth of the protective coatings market. For instance, in 2018, Axalta launched its new protective coatings brand, Corroless, consists of Axalta's most durable products, engineered to provide exceptional, long-term chemical, and corrosion resistance to a wide array of iron and steel substrates, while remaining cost-effective.
Increasing adoption of water-based coatings due to strict environmental regulations is expected to offer lucrative growth opportunities for players in the protective coatings market.
However, high cost of raw materials and high energy consumption during the manufacturing of protective coatings is expected to restrain the growth of the protective coatings market.
Competitive Landscape:
Major players active in the protective coatings market are Jotun, Hempel A/S, Wacker Chemie AG, Sika AG, Akzo Nobel N.V., The Sherwin-Williams Company, Kansai Paint Co. Ltd, Arkema Group, PPG Industries Inc, and The Valspar Corporation.
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Major players active in the market are adopting various strategies such as collaboration, M&A, business expansion, etc. to strengthen their product portfolio or to enhance their market position. For instance, in January 2021, PPG planned to acquire Versaflex, a manufacturer specializing in polyuria, epoxy, and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure, and industrial applications.
Moreover, in February 2020, KAEFER acquired Wood’s industrial services business from John Wood Group that provides high-end services for industrial operations, such as the application of protective coatings, access solutions, thermal insulation, passive fire protection, and specialist services.
Detailed Segmentation:
Global Protective Coatings Market, By Technology:
Solvent-borne Coatings
Water-borne Coatings
Powder Coatings
Others
Global Protective Coatings Market, By Application:
Infrastructure
Commercial Real Estate
Industrial Plants and Facilities
Oil & Gas
Power
Mining
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Important Features that are under Offering and Key Highlights of the Reports:
– Potential and niche segments/regions exhibiting promising growth.
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
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✤ SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
✤ Examine the potential and advantages of the global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
✤ Determine whether market growth is being driven or hampered by trends and factors.
✤ Stakeholders will be able to assess market potential by identifying high-growth categories.
✤ Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
✤ Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
✤ To develop a strategic profile of the major players and conduct a thorough analysis of their growth strategies.
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✔ In the next seven years, what innovative technology trends should we expect?
✔ Which sub-segment do you believe will grow the fastest over the next few years?
✔ By 2028, which region is predicted to have the largest market share?
✔ What organic and inorganic strategies are businesses employing to gain market share?
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