The global protective coating resins market size is to be USD 21.47 Billion by 2021, at a CAGR of 4.0%. The market is driven by increasing demand for protective coating in emerging markets and high demand from infrastructure & construction, oil & gas, automotive, aerospace, industrial, and marine industries.
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Top Companies profiled in this Study are :
• The Dow Chemicals Company (U.S.)
• BASF SE (Germany)
• Dow Corning (U.S.)
• Kisco Limited (Japan)
• PPG Industries (U.S.)
• The Sherwin-Williams Company Limited (U.S.)
• Arkema SA (France)Boeing (U.S.
• BMW (Germany)
• DLF (India).
Epoxy, the largest segment of protective coating resins
The growing popularity of various types of protective coating resins such as alkyd, acrylics, epoxy, polyurethane, and polyester in various end-use applications plays a significant role in driving the market. Epoxy protective coating resins accounted for the maximum share, in terms of value, of the overall market due to its excellent customizability and easy to apply & remove properties. There is rising demand for high performance and environmentally friendly nature of protective coatings, which is expected to drive the market for this segment.
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Industrial applications, the fastest-growing market segment for protective coating resins
Industrial application is the fastest-growing market, in terms of value, for protective coating resins. The use of protective coating resins due to increased need for protection of machineries and equipment which function in harsh environment is driving the market in this segment.
Rising demand in Asia-Pacific, the major driver for growth of the protective coating resins market
In 2015, Asia-Pacific dominated the protective coating resins market. The region is also projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India between 2016 and 2021. China is the largest market for protective coating resins, globally, with major demand from the marine industry. The Indian government has started investment promotion programs to assist infrastructure & construction projects, which is expected to drive the growth of the protective coating resins market.
Objectives of the report are as follows:
- To define and segment the market of protective coating resins
- To provide detailed information regarding major factors influencing the growth of the market for protective coating resins (drivers, restraints, opportunities, and challenges)
- To analyze and forecast the market size of protective coating resins, in terms of volume and value
- To analyze the market segmentation and project the market size, in terms of value and volume, for key regions such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
- To analyze competitive developments such as new product launches, capacity expansions, mergers & acquisitions, and partnerships & agreements in the market for protective coating resins
- To strategically profile key players in the market of protective coating resins
Available Customizations:
With the given market data, we offers customizations according to the company’s specific needs. The following customization options are available for the report:
Geographic Analysis:
- Country-level analysis of the protective coating resins market
Company Information:
- Detailed analysis and profiling of additional market players
Product Analysis
- Product Matrix, which gives a detailed comparison of product portfolio of each company
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