Market Overview
This recently updated market study, prepared by analysts at Persistence Market Research, contains a thorough analysis of the Protective Coatings Market. The market is expected to grow at a strong CAGR of more than 7% over the next ten years, according to this industry survey, which is based on current as well as forecasted forecast assessment data. The market is currently valued at about US$27.6 billion, and by the end of the decade, that value is anticipated to expand by 2X. Currently, Japan’s protective coatings market is estimated to be worth close to US$ 1.9 billion.
By the end of 2031, the protective coatings market will have expanded its application areas across numerous industrial sectors, growing at a rapid rate. Increased investments in infrastructure development and increased renovation of older buildings are two variables that operate as important market growth drivers. Advancements in protective coatings are being brought about by the introduction of economical and environmentally friendly technology. The COVID-19 epidemic has slowed down activity in the infrastructure development industry, lowering market revenue. It is anticipated that market activity would pick up in the coming days, paving the way for the market to advance.
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Important topics covered in the report:
- Market forecasts and estimations from 2016 to 2031
- Primary market growth-restraining factors
- Regional, national, and segmental analyses
- Benchmarking and competition mapping
- Analysis of market and brand share
- Key product developments and the regulatory environment
- Impact of COVID-19 on the market for protective coatings and how to use
- Recommendations for effective winning tactics
Research to Reorient the Protective Coatings Sector
The greatest technique to prevent damage to a surface or structure, whether it be a product or an entire infrastructure, is with a protective coating. It’s becoming more necessary as maintenance prices drop significantly. Industrial applications of protective coatings can reduce costs associated with machinery that would otherwise be lost to maintenance or repair.
- The results of Syneffex’s new Heat ShieldTM High Heat coating, which was placed at a U.S. Army base in Fort Wainwright, were just published. This new coating can simply be applied to both hot and cold pipes and has proven to be quite successful at withstanding moisture while taking up almost no space.
- A novel application for graphene as a protective coating has been discovered by researchers at Cutin University in Australia. They have developed a technique for coating silicon with a thin layer of graphene oxide to create an impermeable barrier. This barrier might be used to preserve artwork, metals, and electronics, and even to create more efficient solar cells. It is absolutely undetectable to the naked eye.
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Market Segmentation
By Technologies
- Solvent-borne
- Water-borne
- Powder
- Others
By Application
- Infrastructure
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others - Commercial Real Estate
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others - Industrial Plants and Facilities
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others - Oil & Gas
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others - Power
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others - Mining
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
By Region
- Asia Pacific
- Europe
- North America
- Latin America
- The Middle East & Africa
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Frequently asked questions:
- Which trends are most common in the market for protective coatings?
- What will the market metrics be in 2031 in terms of value?
- How quickly did the market change between 2016 and 2020?
- What are the prospects for the European German market?
- What is the market size for protective coatings in Japan and South Korea?
- How should the protective coatings market perform over the next ten years?
About us:
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