Global Protective Coatings Market - 2023-2030

Global Protective Coatings Market - 2023-2030

Market Overview

The global protective coatings market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of XX% during the forecast period (2023-2030).

A coating is described as a thin layer of solid substance applied to a surface to improve its functional, aesthetic or protective qualities. By restricting the metal's exposure to corrosive environments, protective coatings are an easy technique to reduce corrosion. Tar, pitch, bitumen and plastics are also employed as protective coatings in addition to paint, which is quite popular.

Market Dynamics

The growing infrastructure sector

Due to expanding infrastructure projects, the construction industry is expanding favorably all over the world. To address the needs of various applications, the construction sector needs a variety of protective coating compositions. Ones that are resistant to wear and abrasion, high temperatures, intumescence and water are some of the protective coating materials that are frequently utilized in the sector. Moreover, protective coatings are applied to various construction equipment to ensure operational effectiveness, longevity and resistance to corrosion and wear and tear.

The development of the construction industry, particularly in rising economies like India and China, is being heavily fueled by the country's strong economic growth and growing government initiatives to build the nation's infrastructure. Over the projected period, increasing infrastructure investment in China is anticipated to support the growth of the protective coatings market.

The stringent government regulations

The EPA has launched programs to minimize VOC emissions and other relevant elements that contribute to ozone depletion in accordance with revisions to the Clean Air Act. The National Ambient Air Quality Standards (NAAQS) have been put into effect by the agency and it has the authority to impose sanctions in places where manufacturers are required to adhere to the requirements. Thus, during the course of the forecast period, the expansion of the protective coatings market is anticipated to face challenges from strict regulations by the EPA, OSHA, EU and other regional authorities around the world.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

the global protective coatings market is segmented based on resin, application, product formulation and region.

The use of epoxy resin in structural parts

Epoxy resin is anticipated to grow at the fastest rate over the course of the projected period. Epoxy coatings are applied to structural components of buildings to increase their resiliency, durability and strength. Moreover, they are utilised in adhesives, grouts, crack injection and floor toppings. The substance is also used in household appliances like refrigerators and washing machines to shield them from corrosive gases, humidity and food acids as well as to improve appearance and increase service life.

Low VOC content, strong anti-corrosion performance and increased demands from the aerospace and automotive industries are all contributing to the increase in demand. Epoxy resin consumption has increased as a result of rising demand for shipbuilding and repair, petrochemicals and steel in China.

Geographical Analysis

The presence of leading players in various end-use industries

Throughout the projected period, a sizable market for protective coatings is anticipated in Asia-Pacific. In the local market, China is the dominant nation. China's massive building sector is expanding at an unstoppable rate. China is the largest market for protective coatings due to the fast growth of the construction sector there. Also, the country's oil and gas industry is growing as a result of the presence of two major oil corporations, SINOPEC and CNCP, which is also boosting demand for protective coatings. Due to the rising development activities in the area, Japan and India are also making a sizable contribution to the industry.

Competitive Landscape

The major global players in the market are PPG Industries, AkzoNobel, The Sherwin-Williams Co., RPM International Inc., Nippon Paint Holdings Co, Axalta Coating Systems, The Valspar Corp., BASF SE, Kansai Paint Co. Ltd. and Arkema.

Why Purchase the Report?

• To visualize the global protective coatings- market segmentation based on resin, application, product formulation and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of protective coatings market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global protective coatings market report would provide approximately 61 tables, 63 figures and 204 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies


1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Market Snippet By Resin
3.2. Market Snippet By Application
3.3. Market Snippet By Product Formulation
3.4. Market Snippet By Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. The growing infrastructure sectors
4.1.1.2. The rising need for water treatment
4.1.2. Restraints
4.1.2.1. The stringent government regulations
4.1.2.2. XX
4.1.3. Opportunity
4.1.3.1. XX
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Forces Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Before COVID-19 Scenario
6.1.2. Present COVID-19 Scenario
6.1.3. Post COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Resin
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
7.1.2. Market Attractiveness Index, By Resin
7.2. Epoxy*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Polyurethane
7.4. Acrylic
7.5. Polyester
7.6. Alkyd
7.7. Others
8. By Application
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
8.1.2. Market Attractiveness Index, By Application
8.2. Oil & Gas*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Infrastructure
8.4. Power
8.5. Mining
8.6. Others
9. By Product Formulation
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Formulation
9.1.2. Market Attractiveness Index, By Product Formulation
9.2. Water-borne*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Solvent-borne
9.4. Powder-borne
9.5. Others
10. By Region
10.1. Introduction
10.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
10.3. Market Attractiveness Index, By Region
10.4. North America
10.4.1. Introduction
10.4.2. Key Region-Specific Dynamics
10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Formulation
10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.4.6.1. U.S.
10.4.6.2. Canada
10.4.6.3. Mexico
10.5. Europe
10.5.1. Introduction
10.5.2. Key Region-Specific Dynamics
10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Formulation
10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.5.6.1. Germany
10.5.6.2. UK
10.5.6.3. France
10.5.6.4. Italy
10.5.6.5. Rest of Europe
10.6. South America
10.6.1. Introduction
10.6.2. Key Region-Specific Dynamics
10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Formulation
10.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.6.6.1. Brazil
10.6.6.2. Argentina
10.6.6.3. Rest of South America
10.7. Asia-Pacific
10.7.1. Introduction
10.7.2. Key Region-Specific Dynamics
10.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
10.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Formulation
10.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
10.7.6.1. China
10.7.6.2. India
10.7.6.3. Japan
10.7.6.4. Australia
10.7.6.5. Rest of Asia-Pacific
10.8. Middle East and Africa
10.8.1. Introduction
10.8.2. Key Region-Specific Dynamics
10.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
10.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Formulation
11. Competitive Landscape
11.1. Competitive Scenario
11.2. Market Positioning/Share Analysis
11.3. Mergers and Acquisitions Analysis
12. Company Profiles
12.1. PPG Industries
12.1.1. Company Overview
12.1.2. Product Portfolio and Description
12.1.3. Key Highlights
12.1.4. Financial Overview
12.2. AkzoNobel
12.3. The Sherwin-Williams Co.
12.4. RPM International Inc.
12.5. Nippon Paint Holdings Co
12.6. Axalta Coating Systems
12.7. The Valspar Corp.
12.8. BASF SE
12.9. Kansai Paint Co. Ltd.
12.10. Arkema
LIST NOT EXHAUSTIVE
13. Appendix
13.1. About Us and Services
13.2. Contact Us

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