Authored By: Sarah
01 Feb 2021

Protective Coatings Market Size to Grow by $ 14.09 bn through 2021-2025  

Technavio research projects the protective coatings market to grow by $ 14.09 bn, accelerating at a CAGR of about 10% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Protective Coatings Market: Key Market Driver

One of the primary factors that will trigger the growth of the protective coatings market size is Increased demand for water-borne coatings. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Protective Coatings Market to Grow by Over $ 14 Billion| APAC to Dominate Market Growth through 2021-2025

Protective Coatings Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Akzo Nobel NV, Arkema SA, Covestro AG, Hempel AS, Jotun AS, Kansai Paint Co. Ltd., KC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Technavio has been monitoring the Global Protective Coatings Market and it is expected to grow by USD 14.09 billion, progressing at a CAGR of about 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Protective Coatings Market to Grow by Over $ 14 Billion| APAC to Dominate Market Growth through 2021-2025

APAC region to drive market growth

APAC will offer several growth opportunities to market vendors during the forecast period with 71% of the market growth set to originate from this region. China and India are the key markets for protective coatings in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the protective coatings market size.  Factors such as increased demand for water-borne coatings, rapid growth in the oil and gas industry, and expansion of the construction industry will offer immense growth opportunities. However, volatile raw material prices, switching costs associated with water-borne coatings, and stringent regulations against solvent-based coatings may impede  market growth. 

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Protective Coatings Market to Grow by Over $ 14 Billion| APAC to Dominate Market Growth through 2021-2025

Protective Coatings Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Akzo Nobel NV, Arkema SA, Covestro AG, Hempel AS, Jotun AS, Kansai Paint Co. Ltd., KC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Protective Coatings Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive Protective Coatings Market growth during the next five years
  • Precise estimation of the Protective Coatings Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the protective coatings industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Protective Coatings Market vendors
Read News Read Less
Interested in this report?
Get your sample now!
Technavio