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Protective Coatings Market 2022 Key Players, Top Regions, Growth, Size, Shares, Revenue Segmentations by Types, Applications Challenges

The Protective Coatings market crossed US$ 14.4 billion mark in 2022 and is expected to hit US$ 24.4 billion by 2030, recording a CAGR of 6.8% during the forecast period.


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Surya NG

6 days ago | 4 min read

The “Protective Coatings Market forecast 2030 report analyses the present and future competitive scenario of the analytics industry. Protective Coatings Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications.

Get a sample PDF of the report at –https://www.businessmarketinsights.com/sample/BMIRE00026694

The report covers an in-depth analysis of the key market players within the market

PPG

AkzoNobel N.V.

Sherwin-Williams

Hempel

Jotun

Protective coatings are widely used in the civil building & infrastructure industry for flooring, wood finishes, interior & exterior walls, bridges, swimming pools, doors, and ceilings. Protective coatings are used for increasing the longevity and stability of the structures by forming a thin layer on the surfaces on which they are applied. Protective coatings are applied on bridges, highways, and infrastructure projects to ensure long-time stability and the ability to withstand harsh weather conditions. In addition, the increasing demand for new infrastructure in developing economies and increased investments to upgrade aging infrastructure in developed economies is contributing to the market growth.

In this report, the market has been segmented on the basis of:

Protective Coatings Market by Types:

Resin Type:

Epoxy

Polyurethane

Acrylic

Alkyd

Zinc

Others

Technology:

Solvent-based

Water-based

Powder Coatings

Others

Protective Coatings Market by Applications:

End Use Industry:

Infrastructure and Construction

Oil and Gas

Industrial

Marine

Automotive

Power Generation

Mining

Others

Region

North America

Europe

Asia Pacific (APAC)

South & Central America

Middle East & Africa

Rising concern of corrosion in various end use industries to drive market growth

The industries for protective coatings are infrastructure and construction, oil and gas, industrial, marine, automotive, power generation, mining, and others. Protective coatings are largely used in various industries to protect metal from corrosion. Metals create oxides, hydroxides, carbonates, sulfides, and other compounds when exposed to an environment. Protective coatings are a way of isolating the metal surfaces from the environmental elements that cause corrosion.

Recent strategic developments in protective coatings market

The protective coatings market has undergone several significant developments, and a few of these have been mentioned below:

In March 2021, PPG Industries, introduced PPG Pitthane Ultra LS high performance polyurethane topcoat, which is designed for use in corrosive situations where a low sheen is required to reduce glare and cover surface flaws.

In December 2019, Jotun made a joint venture with a leading company of Hong Kong i.e., COSCO shipping. The company accepted the innovative, high-performance coatings technology of Jotun, whereas Jotun enjoyed the COSCO valued reputation in the key market, China.

Market Analysis and Insights: Protective Coatings Market

Protective Coatings Market report elaborates the market size, market characteristics, and market growth of the Protective Coatings industry, and breaks down according to the type, application, and consumption space of Protective Coatings. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.

The report provides the current market size for the Protective Coatings Market, defines trends, and presents growth forecasts for nine years from 2022 to 2030. 2022 is considered as the base year, and 2022 to 2030 is the forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Benefits Management Platform for all the regions globally.

This research report on the “Protective Coatings Market” provides a holistic view of the global market size across major regions. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends about the market growth. The market is segmented into deployment, application, and geography.

This research provides detailed information regarding the major factors influencing the growth of the Protective Coatings Market at the Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths, and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

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Some of the key queries answered in this report:

-What can we estimate about the anticipated growth rates and also the Protective Coatings industry size by 2030?

-What will happen in the coming existing and emerging markets?

-Which are the five top players within the Protective Coatings market?

-How can the Protective Coatings market change in the upcoming years?

-Which product and application will take a share of the Protective Coatings market?

-What will be the CAGR and size of the Protective Coatings market throughout the forecast period?

-What are the market opportunities and challenges two-faced by the key vendors?

-Who are the major competitors and what is their strategy?

-What are the barriers to entry for new players in the market?

-What would be the upcoming Protective Coatings market behaviour forecast with trends, challenges, and drivers for development?

-What business opportunities and dangers are faced by vendors in the market?

-Which would be Protective Coatings industry opportunities and challenges have faced by most vendors in the market?

-What will be the outcomes of this market SWOT five forces analysis?

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