Protective Coatings Market Analysis

  • Report ID: 1314
  • Published Date: Feb 06, 2023
  • Report Format: PDF, PPT

Protective Coatings Market Analysis

End-user (Construction, Oil & Gas, Aerospace, Industrial, Marine, Automotive, Power Generation, Mining)

The protective coatings market is segmented and analyzed for demand and supply by end-user into construction, oil & gas, aerospace, industrial, marine, automotive, power generation, mining, and others. Out of these, the construction sector is attributed to garner the highest market share by 2033, owing to rising construction sector for residential, commercial and industrial properties. As per estimations, in 2020, there were almost 100 million single family homes in the U.S.

Major Macro-Economic Indicators Impacting the Market Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Our in-depth analysis of the global market includes the following segments:

          By Resins

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

         By Technology

  • Solvent Borne
  • Water-Borne
  • Powder Based
  • Others

          By End-User

  • Construction
  • Oil & Gas
  • Aerospace
  • Industrial
  • Marine
  • Automotive
  • Power Generation
  • Mining
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 1314
  • Published Date: Feb 06, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising construction processes along with expansion of automotive industry and high investment in research and development sector are some of the factors that are anticipated to drive the market growth.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2033.

The strict rules regarding toxic nature along with rising concern for utilizing Volatile Organic Compounds (VOC) and governmental rules regarding adverse effect on environment are expected to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Sika AG, PPG Industries, Inc., Akzo Nobel N.V., Arkema, Sherwin-Williams Company, Wacker Chemie AG, RPM International Inc., Hempel A/S, Axalta Coating Systems, Kansai Nerolac Paints Limited, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by resin, technology, end-user, and by region.

The construction segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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