The global market for 2K protective coatings reached a valuation of US$ 8.73 Billion in 2021. The market is poised to experience a Y-o-Y expansion worth 3.1%. In the long-run, the industry is forecast to register a value CAGR of 5%, expected to be valued at US$ 14.66 Billion by the end of the 2022-2032 period of assessment.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global 2K Protective Coatings market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the 2K Protective Coatings market.
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Key findings of the 2K Protective Coatings market study:
- Regional breakdown of the 2K Protective Coatings market based on predefined taxonomy.
- Innovative manufacturing processes implemented by 2K Protective Coatings vendors in detail.
- Region-wise and country-wise fragmentation of the 2K Protective Coatings market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global 2K Protective Coatings market.
Key Companies Profiled
- Akzo Nobel N.V.
- PPG Industries
- The Sherwin Williams Company
- Jotun A/S
- Hempel A/S
- Chukogu Marine Paints Ltd.
- Nippon Paints Holdings Co. Ltd.
- Kansai Paint Co. Ltd.
- Sika AG
- RPM International Inc.
- Axalta Coating Systems, LLC
- Dulux Group
- BASF SE
- Others
Competitive Landscape
The majority of the companies discussed in the report are investing to expand their business and launch new product lines in the 2K protective coating market, as well as conducting continuous research and development. Among the significant developments are:
- AkzoNobel announced a partnership with Players in 2021. AkzoNobel’s collaboration with Player will open up new possibilities in its industrial coating product line.
- Akzo Nobel N.V. acquired 100 percent of Industrias Titan S.A.U. (Titan Paints) in 2021 to expand its paints business, and it will assist Akzo Novel in expanding its business in Spain.
- Akzo Nobel invested US$ 23 million to increase the powder coatings capacity of their Como, Italy, plant by October 2020. This move will help them strengthen their position in the global 2K protective coatings market while also facilitating green manufacturing. PPG Industries launched PPG Aquacover, a waterborne coating system for shipping containers, in China in November 2020.
Key Segments Covered in the 2K Protective Coatings Industry Report
- By Resin Type :
- Epoxy-based
- Polyurethane-based
- Alkyd-based
- Acrylic-based
- Other
- By End User :
- Oil & Gas Exploration
- Petrochemicals
- Marine Applications
- Cargo Containers
- Power Generation
- Water Treatment
- Building And Infrastructure
- Food and Beverage Production Units
- Other End Use Applications
- by Application :
- Abrasion Resistance
- Chemical Resistance
- Fire Protection
- Heat Resistance
- Corrosion Protection
- Pipe Coatings
- Tank Linings
- By Region :
- North America
- Europe
- Latin America
- East Asia
- South Asia
- Oceania
- MEA
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Queries addressed in the 2K Protective Coatings market report:
- Why are the 2K Protective Coatings market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global 2K Protective Coatings market?
- Which regions are displaying the fastest growth in the 2K Protective Coatings market?
- What are the underlying micro- macroeconomic factors affecting the global 2K Protective Coatings market?
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