Global Protective Coatings Market, 2016-2022

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
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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 the growth of the global protective coatings market during the forecast period.
Global protective coatings consumption is expected to increase from 5,657 kilotons by 2016
end to 8,509 kilotons by 2022, increasing at a CAGR of 7.0% during the forecast period.
In terms of market value, Asia-Pacific is expected to dominate the global protective coatings
market over the forecast period, with North America being the second largest market,
accounting for revenue share of 23.4% of the global estimated market value by 2016 end.
Asia Pacific protective coatings market is slated to expand at the highest CAGR of around
11.8% in terms of value during the forecast period.
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Global Protective Coatings Market, 2016-2022
On the basis of technology, the water-borne segment is expected to expand at the fastest
value CAGR during the forecast period. The growth of this segment is primarily driven by
increased adoption of water-borne protective coatings over solvent-borne due to the
stringent environmental regulation limiting VOC emissions. On the basis of resin type,
revenue contribution of the epoxy segment is expected increase at the highest CAGR of
9.4% during the forecast period. On the basis of application, infrastructure segment is
expected to dominate the market, accounting for a revenue share of 22.2% by 2016.
Commercial real estate and industrial plants & facilities segments are expected to witness
CAGRs of 8.0% and 7.7% in terms of consumption during the forecast period.
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Akzo Nobel N.V., PPG Industries Inc., The Sherwin-Williams Company, Hempel Group, The
Valspar Corporation and Jotun are the leading players in the global protective coatings
market. Other players include Sika AG, Kansai Paints Co. Ltd, and Wacker Chemie AG.
The global protective coatings market is segmented as follows:
By Technology

Solvent-borne

Water-borne

Powder

Others
By Resin Type

Epoxy

Polyurethane

Acrylic

Alkyd
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Global Protective Coatings Market, 2016-2022

Polyester
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
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Global Protective Coatings Market, 2016-2022

Polyester

Others
Oil & Gas

Epoxy

Polyurethane

Acrylic

Alkyd

Polyester

Others
Power

Epoxy

Polyurethane

Acrylic

Alkyd

Polyester

Others
Mining

Epoxy

Polyurethane

Acrylic

Alkyd

Polyester

Others
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Global Protective Coatings Market, 2016-2022
By Regions

Asia Pacific

Europe

North America

Latin America

The Middle East & Africa
Market History:
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 types such as epoxy, alkyd, acrylic, or polyurethane. Epoxy resins
segment account for a dominant share of the protective coatings market. However, various
blends of resin, pigments, solvents, and additives result in different serviceability and
properties of protective coatings.
The global protective coatings market is expected to expand at a CAGR of 9.0% in terms of
value over the forecast period (2016–2022), to reach market value of US$ 23.2 Bn by 2022.
Protective coatings market growth is influenced by a number of factors, including growing
demand for new infrastructure in developing economies and increased investments to
upgrade aging infrastructure in developed economies. Product and technology innovations
focused on eco-friendly and cost-efficient solutions is another factor expected to fuel the
growth of the market over the forecast period. The major trend observed in the market is the
adoption of water-borne coatings over solvent-borne coatings due to stringent
environmental regulations limiting VOC emissions.
Persistence Market Research, in its latest report titled ‘Protective Coatings Market: Global
Industry Analysis and Forecast, 2016–2022’, has segmented the global protective coatings
Persistence Market Research
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Global Protective Coatings Market, 2016-2022
market into technology, resin type, application and regions. On the basis of technology, the
market is segmented into solvent-borne, water-borne, powder and others. On the basis of
resin type, the market is segmented into epoxy, polyurethane, acrylic, alkyd, polyester and
others. On the basis of applications, the market is segmented into infrastructure, commercial
real estate, industrial plants and facilities, oil & gas, power and mining. On the basis of
geographic regions, the protective coatings market is segmented into Asia-Pacific, Europe,
North America, Latin America and the Middle East & Africa.
Amongst the aforementioned regions, Asia Pacific protective coatings market is expected to
expand at the highest CAGR of 9.4%, in terms of volume during the forecast period. The
market in the region is expected to account for 41.6% share of the global protective coatings
market volume by 2016 end. In terms of market volume, Europe market is expected to
depict slow growth during the forecast period. It is slated to account for a value share of
21.3% by the end of 2016. Revenue contribution of Latin America and the Middle East &
Africa to the global protective coatings market is expected to increase significantly at CAGRs
of 9.3% and 8.4% respectively, over the forecast period.
About Us:
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Global Protective Coatings Market, 2016-2022
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated
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