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Allied Market Research

Protective Coating Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A08208
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Jun 2021 | 194 Views
 
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Protective Coating Market Analysis 2020-2027:

The protective coating is a coating that is placed over a surface to shield it against exterior atmosphere, which may harm an object or part's function or integrity. Protective coatings are used in household goods, heavy equipment, marine, automobile, and oil & gas sectors. Such coatings, when applied periodically, provide long-range security, which enhances a structure's service life. These coatings are utilized to shield and enhance aesthetical appearance of metals, plastics, and objects made of wood. The broadened use of these coatings has contributed to the growth of the market for protective coatings.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Resin, Formulation, End User, and Region

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA)

  Companies covered

Axalta Coating System Ltd., Ashland Inc., Clariant International Ltd., PPG Industries, Inc., Diamond Vogel Paints, Jotun A/S, RPM International, Inc., Royal DSM N.V., Solvay S.A., and Sono-Tek Corporation

 

Key drivers of global protective coating market

In emerging nations, rapid urbanization and increase in industrialization are the prime factors that boost the growth of the global protective coatings market. In addition, the global protective coatings market is anticipated to exhibit sustainable growth during the coming years majorly due to the development of different industrial sectors around the world. Another aspect that is expected to fuel the demand for protective coatings is product innovations based on eco-friendly and cost-efficient solutions. Moreover, increase in investment in infrastructure sector is anticipated to augment the growth of the protective coatings market during the forecast period.

Market scenario: opportunities and challenges

The growth of the global protective coatings market is majorly driven by increase in infrastructure & construction projects in developing economies, rise in demand for high-performance coatings, and surge in demand for sustainable protective coatings. Product and technology advances based on eco-friendly and cost-efficient solutions is projected to create growth opportunity for the market. Marine coatings play a significant role in guarding against corrosion. In addition, they exhibit the capacity to efficiently protect against oxidation, which depends on technical parameters such as fundamental corrosion protection through barrier or inhibition impacts, galvanic, higher mechanical strength, adhesion properties, and crack resistance. However, implementation of stringent environmental regulations regarding the manufacture and use of protective coatings is projected to limit future market growth.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global protective coating market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown. In addition, the current pandemic scenario has led to reduced demand in the automobile, manufacturing, appliances, and white goods for paints and coatings. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities are shutdown. 

Key segments covered

Segment

Subsegment

  Resin

  • Acrylic
  • Epoxy
  • Polyurethane
  • Alkyd
  • Polyester
  • Others

  Formulation

  • Solvent-borne
  • Water-borne
  • Powder-based
  • Others

  End User

  • Construction
  • Oil & Gas
  • Aerospace
  • Industrial
  • Marine
  • Automotive
  • Power Generation
  • Mining
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global protective coating industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global protective coating market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global protective coating market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global protective coating market research report:

  • Which are the leading market players active in the global protective coating market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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