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By 2030, the global market for protective coatings is projected to be worth USD 51.49 billion, representing a CAGR of 9.1 percent between 2022 and 2030.
Surfaces can be coated with protective compounds to increase their resistance to harm from the elements, corrosion, normal wear and tear, and other sources. Coatings like this are applied to substrates in an effort to boost their performance and longevity. There is a wide range of protective coatings available, each with its own set of advantages and applications. Coatings that protect against wear, abrasion, impact, and other forms of physical damage can greatly extend the useful life of their substrates. The coating may perform better, last longer, and require less care if this is the case. While covering surfaces with protective coatings may be more expensive up front, it often saves money in the long run. By protecting substrates against damage, corrosion, and premature deterioration, coatings can extend their useful lives, reduce the frequency with which they need to be repaired or replaced, and ultimately reduce maintenance costs.
The Effect of COVID 19 on the International Market for Protective Coatings
The global supply network has been impacted by the pandemic's lockdowns, travel prohibitions, and reduced industrial operations. Manufacturing and delivery of protective coatings have been slowed, and the availability of raw materials has been disrupted. The building sector, which uses protective coatings extensively, slowed considerably during the pandemic. Many building initiatives were delayed or scrapped as a result of lockdown procedures and monetary uncertainty. The need for protective coatings suffered as construction slowed. As more companies adopted telecommuting policies, there was less need for renovations and maintenance to existing workplaces. This temporarily lowered the need for coatings to safeguard commercial buildings. Hygiene and other health precautions took on greater importance during the pandemic. A greater focus on cleaning and disinfecting has led to a rise in demand for antimicrobial coatings and surface treatments, particularly in healthcare facilities, public places, and transportation.
Market-Driving Factors
It is expected that the demand for protective coatings would continue to rise at a steady clip over the next decade. This expansion is due in large part to developments in infrastructure and industrialization as well as an increased public consciousness of the importance of protecting surfaces from corrosion, wear and tear, and other environmental variables. The construction and automotive industries are two of the largest consumers of protective coatings. Coatings that prevent the elements from wearing away at buildings, bridges, roads, and vehicles are widely used in these industries. The oil and gas industry is another significant contributor to market growth due to the need of protective coatings in preventing corrosion in pipelines, tanks, and offshore structures. The increasing need for sustainable and environmentally friendly coatings has also spurred innovation in the protective coatings industry.
Major Struggles in the Market
Increasingly stringent environmental regulations, especially those pertaining to volatile organic compounds (VOCs) and hazardous air pollutants (HAPs), provide a significant challenge to the protective coatings industry. Manufacturers will need to invest in R&D to develop new formulas of environmentally friendly coatings that meet these requirements without sacrificing performance. Protective coatings rely on a variety of raw materials, including resins, pigments, and additives, the price and availability of which could have an impact on the market. Coating manufacturers' bottom lines and pricing policies may be affected by fluctuations in the cost of raw materials or their scarcity. Protective coatings require careful surface preparation, coating application, and curing to work well. Lack of skilled applicators and training programmes may be a barrier to the widespread use of protective coatings, especially in emerging countries or industries where the application process requires specialised knowledge.
The worldwide market for protective coatings is split into three different types based on their formulation: water-based, solvent-based, and powder-based. Over the next few years, the solvent borne sector is expected to maintain its status as the market leader. Multiple factors have affected the evolution of solvent-borne protective coatings. The growth of solvent-borne coatings has slowed recently due to environmental concerns and stricter laws regarding the emissions of volatile organic compounds (VOCs), despite their historically widespread use in a variety of sectors including the automotive, aerospace, marine, and industrial ones.
Infrastructure, construction, commercial real estate, industrial plants and facilities, oil & gas, power, mining, and others make up the end-use segments of the worldwide protective coatings market. The construction industry is expected to maintain its dominant position in the market over the estimated time frame. The construction of structures such as buildings, bridges, roads, and railroads is on the rise around the world. These structures require protective coatings to last longer, prevent corrosion and weathering, and meet code requirements for safe construction. The increasing need for new buildings and other infrastructure is a major factor in the widespread use of protective coatings in the building trades. Coatings are used in construction for both functional and aesthetic purposes. Architectural coatings are used to increase a structure's curb appeal. Coatings can be textured, ornamental, or coloured and have special effects. Coatings that provide both protection and a pleasing look are in high demand, contributing to the industry's growth.
Report Coverage
Global Protective Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Protective Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Protective Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Protective Coatings market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Protective Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Protective Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Royal DSM N.V., RPM International, Inc, Jotun A/S, Solvay S.A., Clariant International Ltd., Ashland Inc., Diamond Vogel Paints, Sono-Tek Corporation, PPG Industries, Inc., Axalta Coating System Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Protective Coatings market based on the below-mentioned segments:
Global Protective Coatings Market, By Formulation
Water Borne
Solvents Borne
Powder Based
Global Protective Coatings market, By Resin
Acrylic
Epoxy
Polyurethane
Alkyd
Polyester
Global Protective Coatings Market, By End User
Infrastructure
Construction
Commercial Real Estate
Industrial Plants and Facilities
Oil & Gas
Power
Mining
Global Protective Coatings market, Regional Analysis
Surfaces can be coated with protective compounds to increase their resistance to harm from the elements, corrosion, normal wear and tear, and other sources. Coatings like this are applied to substrates in an effort to boost their performance and longevity. There is a wide range of protective coatings available, each with its own set of advantages and applications. Coatings that protect against wear, abrasion, impact, and other forms of physical damage can greatly extend the useful life of their substrates. The coating may perform better, last longer, and require less care if this is the case. While covering surfaces with protective coatings may be more expensive up front, it often saves money in the long run. By protecting substrates against damage, corrosion, and premature deterioration, coatings can extend their useful lives, reduce the frequency with which they need to be repaired or replaced, and ultimately reduce maintenance costs.
The Effect of COVID 19 on the International Market for Protective Coatings
The global supply network has been impacted by the pandemic's lockdowns, travel prohibitions, and reduced industrial operations. Manufacturing and delivery of protective coatings have been slowed, and the availability of raw materials has been disrupted. The building sector, which uses protective coatings extensively, slowed considerably during the pandemic. Many building initiatives were delayed or scrapped as a result of lockdown procedures and monetary uncertainty. The need for protective coatings suffered as construction slowed. As more companies adopted telecommuting policies, there was less need for renovations and maintenance to existing workplaces. This temporarily lowered the need for coatings to safeguard commercial buildings. Hygiene and other health precautions took on greater importance during the pandemic. A greater focus on cleaning and disinfecting has led to a rise in demand for antimicrobial coatings and surface treatments, particularly in healthcare facilities, public places, and transportation.
Market-Driving Factors
It is expected that the demand for protective coatings would continue to rise at a steady clip over the next decade. This expansion is due in large part to developments in infrastructure and industrialization as well as an increased public consciousness of the importance of protecting surfaces from corrosion, wear and tear, and other environmental variables. The construction and automotive industries are two of the largest consumers of protective coatings. Coatings that prevent the elements from wearing away at buildings, bridges, roads, and vehicles are widely used in these industries. The oil and gas industry is another significant contributor to market growth due to the need of protective coatings in preventing corrosion in pipelines, tanks, and offshore structures. The increasing need for sustainable and environmentally friendly coatings has also spurred innovation in the protective coatings industry.
Major Struggles in the Market
Increasingly stringent environmental regulations, especially those pertaining to volatile organic compounds (VOCs) and hazardous air pollutants (HAPs), provide a significant challenge to the protective coatings industry. Manufacturers will need to invest in R&D to develop new formulas of environmentally friendly coatings that meet these requirements without sacrificing performance. Protective coatings rely on a variety of raw materials, including resins, pigments, and additives, the price and availability of which could have an impact on the market. Coating manufacturers' bottom lines and pricing policies may be affected by fluctuations in the cost of raw materials or their scarcity. Protective coatings require careful surface preparation, coating application, and curing to work well. Lack of skilled applicators and training programmes may be a barrier to the widespread use of protective coatings, especially in emerging countries or industries where the application process requires specialised knowledge.
The worldwide market for protective coatings is split into three different types based on their formulation: water-based, solvent-based, and powder-based. Over the next few years, the solvent borne sector is expected to maintain its status as the market leader. Multiple factors have affected the evolution of solvent-borne protective coatings. The growth of solvent-borne coatings has slowed recently due to environmental concerns and stricter laws regarding the emissions of volatile organic compounds (VOCs), despite their historically widespread use in a variety of sectors including the automotive, aerospace, marine, and industrial ones.
Infrastructure, construction, commercial real estate, industrial plants and facilities, oil & gas, power, mining, and others make up the end-use segments of the worldwide protective coatings market. The construction industry is expected to maintain its dominant position in the market over the estimated time frame. The construction of structures such as buildings, bridges, roads, and railroads is on the rise around the world. These structures require protective coatings to last longer, prevent corrosion and weathering, and meet code requirements for safe construction. The increasing need for new buildings and other infrastructure is a major factor in the widespread use of protective coatings in the building trades. Coatings are used in construction for both functional and aesthetic purposes. Architectural coatings are used to increase a structure's curb appeal. Coatings can be textured, ornamental, or coloured and have special effects. Coatings that provide both protection and a pleasing look are in high demand, contributing to the industry's growth.
Report Coverage
Global Protective Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Protective Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Protective Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Protective Coatings market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Royal DSM N.V., RPM International, Inc, Jotun A/S, Solvay S.A., Clariant International Ltd., Ashland Inc., Diamond Vogel Paints, Sono-Tek Corporation, PPG Industries, Inc., Axalta Coating System Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Protective Coatings Market from 2021 to 2030.
- Market Forecast for Protective Coatings Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Protective Coatings competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Protective Coatings
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Protective Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Protective Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Royal DSM N.V., RPM International, Inc, Jotun A/S, Solvay S.A., Clariant International Ltd., Ashland Inc., Diamond Vogel Paints, Sono-Tek Corporation, PPG Industries, Inc., Axalta Coating System Ltd.
Primary Target Market
- Market Players of Protective Coatings
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Protective Coatings market based on the below-mentioned segments:
Global Protective Coatings Market, By Formulation
Water Borne
Solvents Borne
Powder Based
Global Protective Coatings market, By Resin
Acrylic
Epoxy
Polyurethane
Alkyd
Polyester
Global Protective Coatings Market, By End User
Infrastructure
Construction
Commercial Real Estate
Industrial Plants and Facilities
Oil & Gas
Power
Mining
Global Protective Coatings market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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