Protective Coatings Market Report, by Technology (Solvent-borne, Water-borne, Powder, and Others), by Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Polyester, and Others), by Application (Infrastructure, Commercial Real Estate, Industrial Plants and Facilities, Oil & Gas, Power, and Mining), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • Published On : Jun 2019 |
  • Pages : 130 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

­­­Global Protective Coatings Market – Insights

A protective coating is a layer of material, which is applied on the surface of another material with the aim of preventing or inhibiting corrosion. Protective coating can be classified into metallic and non-metallic coatings. Commonly used materials in metallic protective coatings include aluminum, zinc, and chromium, whereas, non-metallic protective coating’s material include epoxies, polyurethanes, and polymers. Protective coatings find applications in consumer products as well as in heavy machinery, marine, and oil & gas industry, etc.

Increased investment by leading players in developing regions, owing to low labor cost, less stringent environmental regulations, and cheap manufacturing costs is expected to boost the production for protective coatings market. For instance, in June 2015, Axalta Coating Systems Ltd. announced establishment of a new waterborne coatings facility in Wuppertal, Germany, which was in line with the company’s strategy to provide a sustainable coating solutions. Furthermore, in December 2014, PPG Industries, Inc. completed expansion of its Cheonan, South Korea, facility, which cost around US$ 12 Mn, and enabled increased production capacity of waterborne coatings. Increased adoption of water-based coatings as compared to solvent-based coatings is likely to drive the demand for water-borne segment in the near future.

Factors such as volatility of raw material costs along with low replacement rate of solvent-based coatings is expected to hinder growth of the market in the near future. The major raw materials used in paints and coatings industry are pigments, solvents, binders, additives, and white urea, with raw materials accounting for around to 49% of total costs. Growth of the global protective coatings market is affected by various macroeconomic factors and price fluctuations of crude oil and logistics costs. This scenario is likely to have adverse impact on the growth of protective coatings market over the approaching years.

The global protective coatings market was valued at US$ 16.39 Bn in 2018, and is expected to register a CAGR of 8.7%, in terms of revenue over the forecast period (2019-2027), to reach US$ 34.81 Bn by 2027.

Asia Pacific held the largest revenue share of over 42.0% in the global protective coatings market in 2018, and is expected to maintain its dominance over the forecast period. Factors including growth of end-use industries such as automotive and construction along with the power is expected to act as major driver for the global protective coatings market. According to Organization for Economic Co-operation and Development (OECD), Asia Pacific construction market is expected to witness a growth rate of 7-8% during 2017 to 2025, in order to reach US$ 5.36 trillion by 2025, accounting for around 60.0% of the global construction industry.

Figure 1. Global Protective Coatings Market Share (%), By Region, 2018

Source: Coherent Market Insights, 2018-19

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.

Based on technology, in 2018, solvent-borne segment accounted for the largest market share in the global protective coatings market. The segment contributed for around 64.0% of the overall revenue generated by the global protective coating market across the globe in 2018. Solvent-based coating has high Volatile organic compounds (VOC) content, are high in odor, and highly flammable. These are generally thinned and cleaned using solvents such as turpentine.

Figure 2. Global Protective Coatings Market Share (%), By Application, 2018

Source: Coherent Market Insights, 2018-19

Solvent-based coating gives more resilient finish than waterborne and powder-based coatings, making it easier to wipe. However, it tends to become brittle as the coating ages. Solvent-based coating provides high block resistance, i.e., when two painted surfaces come into contact, they do not stick to each other and are more tolerant to adverse weather conditions such as high humidity during the drying period. Owing to advantages offered by the solvent-borne coatings, the demand for solvent-borne coatings is expected to boost in the near future.

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.

Coating is a covering that acts as a physical and chemical barrier between the surface of an object and the external environment. The purpose of applying coating may be functional or decorative. Functional coatings are applied to change surface properties for abrasion resistance, adhesion, wear resistance, corrosion resistance, water resistance, and others. Depending upon the purpose, coatings may be classified as architectural coatings, decorative coatings, industrial coatings, including protective coatings, and special purpose coatings.

Protective coatings are used to reduce the corrosion by the way of limiting exposure of the metal with the corrosive environment. These are used to prevent the corrosion in various end-use industries such as commercial real estate, industrial plant & facilities, mining, power, oil & gas, and others.

Market Dynamics

Based on resin type, in 2018, epoxy coating segment accounted for the largest market share in the global protective coatings market. In 2018, the segment contributed for over 34.0% share in the market in terms of revenue. Epoxy coatings find its major applications in automotive, marine, and industrial applications. Rising end-use industries is further expected to boost the demand for epoxy coatings, which in turn is likely to generate higher revenues for the global protective coatings market in the near future.

Among regions, in 2018, Asia Pacific held dominant position in the global protective coatings market and contributed revenue of more than 42.0% in the global market. The market growth in the region is driven by the expansion of automotive industry in emerging economies such as China and India. According to International Organization of Motor Vehicle Manufacturers (OICA), total automobiles production in China and India was pegged at 27.8 Mn and 5.1 Mn units, respectively in 2018.

Key features of the study:

  • This report provides in-depth analysis of global protective coatings market and provides market size (US$ Bn & KT) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 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 approvals, regional outlook, and competitive strategy adopted by key players
  • 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 the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, 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 global protective coatings market

Detailed Segmentation:

  • Global Protective Coatings Market, By Technology:
    • Solvent-borne
    • Water-borne
    • Powder
    • Others
  • Global Protective Coatings Market, By Resin Type:
    • Epoxy
    • Polyurethane
    • Acrylic
    • Alkyd
    • Polyester
    • Others
  • Global Protective Coatings Market, By Application:
    • Infrastructure
    • Commercial Real Estate
    • Industrial Plants and Facilities
    • Oil & Gas
    • Power
    • Mining
  • Global Protective Coatings Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Canada
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
    • Latin America
      • Brazil
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Argentina
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Mexico
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Rest of Latin America
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
    • Europe
      • Germany
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • U.K.
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • France
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Italy
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Spain
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Russia
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Rest of Europe
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
    • Asia Pacific
      • China
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • India
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • ASEAN
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Japan
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • South Korea
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Australia
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Rest of Asia Pacific
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
    • Middle East & Africa
      • Middle East
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
      • Africa
        • By Product Type:
          • Solvent-borne
          • Water-borne
          • Powder
          • Others
        • By Resin Type:
          • Epoxy
          • Polyurethane
          • Acrylic
          • Alkyd
          • Polyester
          • Others
        • By Application:
          • Infrastructure
          • Commercial Real Estate
          • Industrial Plants and Facilities
          • Oil & Gas
          • Power
          • Mining
  • 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 Objective and Assumption
    • 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
    • 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
      • PEST Analysis
      • PORTER Analysis
      • Value Chain
      • Production Trends
      • Demand and Supply Scenario
      • Key Industry Trends
      • List of Manufacturers, By Region
      • Overview of the Paints & Coatings Industry
  4. Global Protective Coatings Market, By Technology, 2017 - 2027 (US$ Bn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Solvent-borne
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Water-borne
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
  5. Global Protective Coatings Market, By Resin Type, 2017 - 2027 (US$ Bn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Epoxy
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Polyurethane
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Acrylic
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Alkyd
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Polyester
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
  6. Global Protective Coatings Market, By Application, 2017 - 2027 (US$ Bn & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Infrastructure
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Commercial Real Estate
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Industrial Plants and Facilities
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Power
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
    • Mining
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2019 - 2027, (US$ Bn & KT)
  7. Global Protective Coatings Market, By Regions, 2017 - 2027 (US$ Bn & KT)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, For Regions, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
    • Latin America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Rest of Latin America
          • Country/Region Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • France
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Rest of Europe
          • Country/Region Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • India
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Rest of Asia Pacific
          • Country/Region Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2018 and 2027 (%)
      • Y-O-Y Growth Analysis, By Sub-Region, 2019 - 2027
        • Middle East
          • Sub-Region/ Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
        • Africa
          • Sub-Region/ Country Trends
          • Market Size and Forecast, By Technology, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Resin Type, 2017 - 2027 (US$ Bn & KT)
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Bn & KT)
  8. 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
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 25 market data tables and 30 figures on "Protective Coatings Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

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    We strive to provide most accurate and reliable research findings in our research reports.