Major Players in Protective Coatings Market: Akzo Nobel N.V. (the Netherlands), PPG Industries Inc. (U.S.), Arkema Group (France), Kansai Paint Company Limited (Japan), The Sherwin-Williams Company (U.S.), Jotun (Europe), The Valspar Corporation (U.S.).
(PRWEB) October 26, 2014
The report "Protective Coatings Market by Resin Type, by Technology & by Application - Global Trends & Forecast to 2019", defines and segments the global protective coatings market with analysis and forecasting of volume consumed and value generated. The protective coatings consumption is projected to grow from 4,253.9 KT in 2014 to 6,701.3 KT by 2019, at a CAGR of 9.52% during the same period.
Browse 91 market data tables and 22 figures spread through 219 slides and in-depth TOC on "Protective Coatings Market ".
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The protective coatings market is mainly driven by growing demand for end-user industries such as construction, oil & gas, automotive, aerospace, and product finishes. Rising need for infrastructure is driving the consumption of protective coatings in the construction industry. Similarly, accelerating demand for efficiency has resulted in expanding the market for protective coatings in the automotive and aerospace industries. The oil & gas industry is projected to show a rapid growth with increasing demand for protection from corrosion and other environmental factors.
The protective coatings market is subjugated by respective regional players along with few global players in the key growth markets. The Asia-Pacific region is the largest market, followed by Europe, in the global protective coatings industry. Different market players have integrated their value chains to reduce the impact of external environment on product economics.
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The rising attention toward the protection of human health and environmental risks has promoted various government regulations, which has further resulted in increased consumption of protective coatings in different industries as well as in different regions. In order to achieve this hike, innovations are being undertaken to meet the synchronization of consumer needs as per their requirements. The demand for renewable and sustainable green resins are also gaining hold in this industry.
The Asia-Pacific market has tremendous opportunities for protective coatings, resins, and applications. This region has emerged to be the driving factor for this market, contributing to more than 50% of the global demand. China is the global market leader in the consumption of protective coatings, due to the increased demand from the construction and automotive industries. The other emerging economies such as Brazil, the Middle East, Russia, India are further lined up for the brighter future in this market.
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The report segments the global protective coatings market by end-user industries by resin type such as alkyd, acrylic, epoxy, polyurethane, polyester, and other resins; by technology such as solvent borne, water borne, powder, and other technologies; and by application such as construction, paints & coatings, pulp & paper, detergents, oil & gas, agriculture, pharmaceutical, and other end-user industries. It also focuses on company analysis and metrics such as drivers, restraints, opportunities, and winning imperatives.
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