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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The protective coating is applied to the surface in order to provide protection from harsh environmental conditions that could cause damage. They are widely used across various applications such as electronics products, marine, automotive heavy machinery, power generation, and oil & gas industry, etc. On the basis of resin type, the market is classified into epoxy, polyurethane, acrylic, polyester, and alkyd.

The global protective coatings market is projected to reach around US$ 35,707.3 million by the end of 2027, in terms of revenue, growing at CAGR of 9.0% during the forecast period (2020-2027).

Drivers:

Increasing construction of new infrastructure and rising spending on the maintenance of the existing infrastructure is expected to drive the market growth of protective coatings. Economies such as India, China, South Africa, and GCC have witnessed a significant increase in infrastructure development due to increasing investment. According to the India Brand Equity Foundation, India plans to spend US$ 1.4 trillion on infrastructure by 2025.

Figure 1. Global Protective Coatings Market Share (%) in terms of Value, By Region, in 2019

Protective Coatings  | Coherent Market Insights

Asia Pacific region dominated the global protective coatings market in 2019, accounting for 44.9% share in terms of value, followed by North America and Europe, respectively.

Market Restraints

The increasing price of crude materials coupled with the highly fragmented market due to presence of various players is expected to restrict the market growth. This is due to the presence of back-end manufacturers that offer product at very low price result in intense competition.

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Protective Coatings Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 17,850.8 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 9.0% 2027 Value Projection: US$ 35,707.3 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Technology: Solvent-borne Coatings, Water-borne Coatings, Powder Coatings, and Others
  • By Application: Infrastructure, Commercial Real Estate, Industrial Plants and Facilities, Oil & Gas, Power, and Mining
  • By Resin Type: Epoxy, Polyurethane, Acrylic, Alkyd, Polyester, and Others
Companies covered:

Akzo Nobel N.V., The Valspar Corporation, PPG Industries Inc, Arkema Group, Kansai Paint Co. Ltd, The Sherwin-Williams Company, Sika AG, Wacker Chemie AG, Hempel A/S, and Jotun

Growth Drivers:
  • Increasing construction of new infrastructure and rising spending on the maintenance of the existing infrastructure
  • Growth in the paints and coatings industry
Restraints & Challenges:
  • High energy consumption during the manufacturing of protective coatings

Market Opportunities

Increasing adoption of water-based coatings from conventional solvent-based coatings due to strict environmental regulations is expected to bring new market opportunities. For instance, Water-based coatings reduce the level of volatile organic compound emissions (VOC) by 80% as compared to solvent-based coatings. Such advantage associated with the water-based coatings is expected to raise the adoption across various end-use industries, thereby fueling the market growth.

Advancement in the technology by major players in order to meet the evolving market demand is expected to serve major growth opportunities over the forecast period. For instance, in October 2018, Axalta announced the launch of its new protective coatings brand, Corroless. The Corroless portfolio consists of Axalta's most durable products, engineered to provide exceptional, long-term chemical and corrosion resistance to a wide array of iron and steel substrates, while remaining cost-effective. 

Figure 2. Global Protective Coatings Market– Opportunity Analysis

Protective Coatings  | Coherent Market Insights

Market Trends

Epoxy resin coatings are gaining popularity across the construction industry as they improve durability and resilience. Floor toppings, grouts, crack injection, and adhesives are some of the applications of epoxy resin coatings. Moreover, this coating is also applied to home appliances such as washing machines and refrigerators in order to prevent them from the corrosive environment and enhance aesthetic appeal. Hence, growing demand for epoxy resins coatings is expected to foster the market growth of protective coatings.

Increasing use of protective coatings for maintaining old infrastructure is one of the major trends in the market. Moreover, protective coatings are also used in the water storage tanks as they are highly prone to corrosions and hence require coatings, thereby fueling the market growth. Furthermore, the development of the aerospace industry due to increasing spending on maintenance of aircraft is further anticipated to augment the market growth of protective coatings.

Figure 3. Global Protective Coatings Market Share (%) in terms of Value, By Resin Type, in 2019

Protective Coatings  | Coherent Market Insights

On the basis of application in 2019, the epoxy segment has accounted the largest market share of 33.3% in terms of value, followed by polyurethane and alkyd segment respectively.

Regulations

Asia Pacific

In Hong Kong, 'Chapter 311, Air Pollution Control Ordinance' – an air pollution control (volatile organic compounds) regulation sets VOC content limits for several types of paints & coatings, printing inks, consumer products, adhesives & sealants. It mandates proper labeling for regulated architectural paints not meeting their future prescribed VOC limits, requires displaying product information in Material Safety Data Sheets, trade catalogs, and packaging.

Global Protective Coatings Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus is expected to have a significant impact on infrastructure sector. Infrastructure are expected to vulnerable to delays due to supply chain disruptions and unavailability or shortage of workers. Governments across the world are devoting resources to address immediate needs, which in turn has made infrastructure projects take a back seat. This is expected to decrease the demand for protective coating from infrastructure sector. The coronavirus is expected to have a short term impact on protective coatings market. According to Coherent Market Insights, protective coatings market is expected to grow at a lower CAGR between 2020 and 2021.

Competitive Section:

Company Names 

  1. Akzo Nobel N.V.
  2. The Valspar Corporation
  3. PPG Industries Inc
  4. Arkema Group
  5. Kansai Paint Co. Ltd
  6. The Sherwin-Williams Company
  7. Sika AG
  8. Wacker Chemie AG
  9. Hempel A/S
  10. Jotun

Few Recent Developments

In December 2019, DuPont announced the sale of its protective coatings product lines and related assets to the Sika group.

The protective coating is applied to the surface in order to provide protection from harsh environmental conditions that could cause damage. They are widely used across various applications such as electronics products, marine, automotive heavy machinery, power generation, and oil & gas industry, etc. On the basis of resin type, the market is classified into epoxy, polyurethane, acrylic, polyester, and alkyd.

Market Dynamics

Growth in the paints and coating industry is projected to foster the market growth of the protective coatings. The paints &coatings market is growing on the account of rise in the various manufacturing industries and construction industry. Moreover, rapid urbanization coupled with the development of the rural markets is further anticipated to fuel the market growth of the paints &coatings industry which in turn is fueling the market growth of protective coatings.

Merger and acquisition by major players among major manufacturer for global expansion is one of the key trends in the market. For instance, in February 2020, KAEFER has announced the acquisition of Wood’s industrial services business from John Wood Group PLC in the UK and Ireland. Wood’s in­dus­trial ser­vices busi­ness have 16 loc­a­tions all over the UK and Ire­land. The com­pany provides high-end ser­vices for in­dus­trial op­er­a­tions, such as the ap­plic­a­tion of pro­tect­ive coat­ings, ac­cess solu­tions, thermal in­su­la­tion, pass­ive fire pro­tec­tion, and spe­cial­ist ser­vices.

However, high energy consumption during the manufacturing of protective coatings is a major concern. This factor is expected to hinder the market growth of the protective coatings.

Key features of the study:

  • This report provides in-depth analysis of the global protective coatings market and provides market size (US$ Million & KT) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on protective coatings market.
  • It profiles key players in the global protective coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Akzo Nobel N.V., The Valspar Corporation, PPG Industries Inc, Arkema Group, Kansai Paint Co. Ltd, The Sherwin-Williams Company, Sika AG, Wacker Chemie AG, Hempel A/S, and Jotun
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global protective coatings market report caters to various stakeholders in this industry including investors, suppliers, protective coatings manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the protective coatings market

Detailed Segmentation:

  • Global Protective Coatings Market, By Technology:
    • Solvent-borne Coatings
    • Water-borne Coatings
    • Powder Coatings
    • Others
  • Global Protective Coatings Market, By Application:
    • Infrastructure
    • Commercial Real Estate
    • Industrial Plants and Facilities
    • Oil & Gas
    • Power
    • Mining
  • Global Protective Coatings Market, By Resin Type:
    • Epoxy  
    • Polyurethane
    • Acrylic
    • Alkyd
    • Polyester
    • Others
  • Global Protective Coatings Market, By Region:
    • North America
      • U.S.
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Canada
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
    • Europe
      • U.K.
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Germany
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • France
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Italy
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Spain
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Russia
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Rest of Europe
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
    • Asia Pacific
      • China
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • India
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Japan
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • ASEAN
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Australia
        • By Application:
          • Automotive Lubricant
          • Industrial Lubricant
          • Aviation Lubricants
          • Power Generation Lubricants
          • Rail Lubricants
      • South Korea
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Rest of Asia Pacific
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
    • Latin America
      • Brazil
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Mexico
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Rest of Latin America
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
    • Middle East
      • GCC
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Israel
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Rest of Middle East
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
    • Africa
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • Central Africa
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
      • South Africa
        • By Technology:
          • Solvent-borne Coatings
          • Water-borne Coatings
          • Powder Coatings
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
        • By Resin Type:
          • Epoxy  
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
  • Company Profiles
    • Akzo Nobel N.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • The Valspar Corporation
    • PPG Industries Inc
    • Arkema Group
    • Kansai Paint Co. Ltd
    • The Sherwin-Williams Company
    • Sika AG
    • Wacker Chemie AG
    • Hempel A/S
    • Jotun

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  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 Application
      • Market Snippet, By Resin Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Protective Coatings Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Protective Coatings Market, By Technology, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Solvent-borne Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Water-borne Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Powder Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  6. Global Protective Coatings Market, By Application, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Infrastructure
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Commercial Real Estate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Industrial Plants and Facilities
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Power
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Mining
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  7. Global Protective Coatings Market, By Resin Type, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Epoxy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Polyurethane
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Acrylic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Alkyd
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Polyester
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  8. Global Protective Coatings Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • GCC
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
    • Africa
      • Market Share Analysis, By Sub-region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-region, 2020 – 2027 (%)
        • North Africa
          • Sub-region Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • Central Africa
          • Sub-region Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
        • South Africa
          • Sub-region Trends
          • Market Size and Forecast, By Technology, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Million & Kilo Tons)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Akzo Nobel N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Valspar Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • PPG Industries Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Arkema Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kansai Paint Co. Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Sherwin-Williams Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sika AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Wacker Chemie AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Hempel A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Jotun
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for protective coatings is estimated to surpass US$ 35,707.3 million by 2027, exhibiting a CAGR of 9.0% between 2020 and 2027.
Increasing construction of new infrastructure and rising spending on the maintenance of the existing infrastructure is expected to drive the market growth of protective coatings. Economies such as India, China, South Africa, and GCC have witnessed a significant increase in infrastructure development due to increasing investment. According to the India Brand Equity Foundation, India plans to spend US$ 1.4 trillion on infrastructure by 2025.
The protective coatings market is expected to exhibit a CAGR of 9.0% during the forecast period (2020-2027).
Major players operating in the global protective coatings market include Akzo Nobel N.V., The Valspar Corporation, PPG Industries Inc, Arkema Group, Kansai Paint Co. Ltd, The Sherwin-Williams Company, Sika AG, Wacker Chemie AG, Hempel A/S, and Jotun.
The increasing price of crude materials coupled with the highly fragmented market due to presence of various players is expected to restrict the market growth. This is due to the presence of back-end manufacturers that offer product at very low price result in intense competition.
Increasing use of protective coatings for maintaining old infrastructure is one of the major trends in the market. Moreover, protective coatings are also used in the water storage tanks as they are highly prone to corrosions and hence require coatings, thereby fueling the market growth. Furthermore, the development of the aerospace industry due to increasing spending on maintenance of aircraft is further anticipated to augment the market growth of protective coatings.
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