Global Protective Coatings Market, 2016 to 2022
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Global Protective Coatings Market, 2016-2022
Persistence Market Research
Global Protective Coatings Market is
Expected to Account for US$ 23.2 Bn by
2022: Persistence Market Research
Persistence Market Research
1
Global Protective Coatings Market, 2016-2022
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research ‘Global Market Study on Protective
Coatings: Water-borne Protective Coatings Projected to Reflect Impressive Growth
Over the Forecast Period ’, the global protective coatings market is estimated to be
valued at US$ 13.8 Bn by 2016 end, and is expected to increase at a CAGR of 9.0% during
2016-2022.
The protective coating is a covering that is applied over a surface to ensure protection from
external environment that could damage the function or integrity of an item or part.
Protective coatings find application in consumer products as well as in heavy machinery,
marine, automotive and oil & gas industry, etc. Protective coatings are generally classified
by their basic resin type, such as epoxy, alkyd, acrylic, or polyurethane. However, different
blends of resin, pigments, solvents, and additives result in different serviceability and
properties of protective coatings.
Growing demand for new infrastructure in developing economies and increased investments
to upgrade aging infrastructure in developed economies are expected to emerge as major
factors driving the growth of protective coatings market during the forecast period.
Innovations in product and technology focused on eco-friendly and cost-efficient solutions
and increasing adoption of water-borne protective coatings due to stringent environmental
regulations are other factors expected to fuel the growth of the market over the forecast
period. However, stringent government regulations focusing on reduced VOC emissions,
availability of substitutes at cheaper costs and volatility of raw material costs are projected
to impede...
Persistence Market Research
Global Protective Coatings Market is
Expected to Account for US$ 23.2 Bn by
2022: Persistence Market Research
Persistence Market Research
1
Global Protective Coatings Market, 2016-2022
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research ‘Global Market Study on Protective
Coatings: Water-borne Protective Coatings Projected to Reflect Impressive Growth
Over the Forecast Period ’, the global protective coatings market is estimated to be
valued at US$ 13.8 Bn by 2016 end, and is expected to increase at a CAGR of 9.0% during
2016-2022.
The protective coating is a covering that is applied over a surface to ensure protection from
external environment that could damage the function or integrity of an item or part.
Protective coatings find application in consumer products as well as in heavy machinery,
marine, automotive and oil & gas industry, etc. Protective coatings are generally classified
by their basic resin type, such as epoxy, alkyd, acrylic, or polyurethane. However, different
blends of resin, pigments, solvents, and additives result in different serviceability and
properties of protective coatings.
Growing demand for new infrastructure in developing economies and increased investments
to upgrade aging infrastructure in developed economies are expected to emerge as major
factors driving the growth of protective coatings market during the forecast period.
Innovations in product and technology focused on eco-friendly and cost-efficient solutions
and increasing adoption of water-borne protective coatings due to stringent environmental
regulations are other factors expected to fuel the growth of the market over the forecast
period. However, stringent government regulations focusing on reduced VOC emissions,
availability of substitutes at cheaper costs and volatility of raw material costs are projected
to impede...