Protective Coatings Market, By Technology, By Resin Type, By Application, By Geography

Description

The protective coatings market is estimated to be valued at USD 13.55 Bn in 2024 and is expected to reach USD 20.64 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 13.55 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.20%	2031 Value Projection:	US$ 20.64 Bn

Figure. Protective Coatings Market Share (%), By Region 2024

The protective coatings market refers to various surface coating materials and solutions that provide protective barriers against external forces such as corrosion, wear and tear, moisture, extreme heat or cold, and other environmental factors. Protective coatings are extensively used across diverse end-use industries, including automotive, construction, energy and power, aerospace and defense, and electronics. With rising infrastructural development activities, increasing requirement for durable and sustainable construction, and growing automotive industry worldwide, the demand for protective coatings is expected to witness steady growth in the coming years. Major products in this market include epoxy, alkyd, acrylic, polyurethane, zinc, and others, finding widespread applications as primers, paints, clear coats, and ceramic coatings.

Market Dynamics:

The global protective coatings market is primarily driven by increasing construction and infrastructure development activities across developing nations. Rapid urbanization has boosted the construction of residential and commercial buildings, bridges, roads, rail, and other structures which require the application of protective coatings. Furthermore, the growth of the automotive industry has augmented the consumption of auto OEM coatings. However, stringent environmental regulations pertaining to the use of volatile organic compounds (VOCs) in several coating products act as a major restraining factor. On the positive side, rising R&D investments towards development of durable and eco-friendly coating solutions present new opportunities in this space. In addition, increasing expenditure on corrosion protective coatings from oil & gas, marine, and power generation industries are expected to present lucrative prospects.

Key Features of the Study:

This report provides in-depth analysis of the global protective coatings market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global protective coatings market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Akzo Nobel NV , PPG Industries, Inc. , Jotun A/S , The Sherwin-Williams company, Kansai Paint Co.,Ltd., BASF SE, Axalta Coating Systems Ltd., Henkel Adhesives Technologies India Private Limited, DOW, 3M, SK FORMULATIONS INDIA PVT. LTD., Chembond Chemicals Limited, Teknos, Wacker Chemie AG, Heubach GmbH, The Magni Group, Diamond Vogel, Nycote, Bluechem Group, and Corrocoat SA (Pty) Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global protective coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global protective coatings market

Detailed Segmentation-

By Technology:
- Solvent-borne Coatings
- Water-borne Coatings
- Powder Coatings
- Others
By Resin Type:
- Epoxy
- Polyurethane
- Acrylic
- Alkyd
- Polyester
- Others
By Application:
- Infrastructure
- Commercial Real Estate
- Industrial Plants and Facilities
- Oil & Gas
- Power
- Mining
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Akzo Nobel NV
- PPG Industries, Inc.
- Jotun A/S
- The Sherwin-Williams company
- Kansai Paint Co.,Ltd.
- BASF SE
- Axalta Coating Systems Ltd.
- Henkel Adhesives Technologies India Private Limited
- DOW
- 3M
- SK FORMULATIONS INDIA PVT. LTD.
- Chembond Chemicals Limited
- Teknos
- Wacker Chemie AG
- Heubach GmbH
- The Magni Group
- Diamond Vogel
- Nycote
- Bluechem Group
- Corrocoat SA (Pty) Ltd

Product Code: CMI2715

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Resin Type
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Protective Coatings Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Protective Coatings Market
Impact Analysis

5. Global Protective Coatings Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Solvent-borne Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Water-borne Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Powder Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Protective Coatings Market, By Resin Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Epoxy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Polyurethane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Acrylic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Alkyd
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Polyester
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Protective Coatings Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Infrastructure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Commercial Real Estate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Industrial Plants and Facilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Protective Coatings Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Resin Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Akzo Nobel NV
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- PPG Industries, Inc.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Jotun A/S
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- The Sherwin-Williams company
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Kansai Paint Co.,Ltd.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- BASF SE
- Axalta Coating Systems Ltd.
- Henkel Adhesives Technologies India Private Limited
- DOW
- 3M
- SK FORMULATIONS INDIA PVT. LTD.
- Chembond Chemicals Limited
- Teknos
- Wacker Chemie AG
- Heubach GmbH
- The Magni Group
- Diamond Vogel
- Nycote
- Bluechem Group
- Corrocoat SA (Pty) Ltd

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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