Protective Coatings Market Worth 21.47 Billion USD by 2021

India - English

News provided by

Aug 21, 2016, 09:30 ET

PUNE, India, August 22, 2016 /PRNewswire/ --

The report "Protective Coatings Market by Resin type (Epoxy, Alkyd, Acrylic, Polyurethane), Formulation (Solvent-borne, Water-borne, and Powder), End-use industry (Industrial, Oil & gas, Marine, Automotive, Mining) and Region - Global Forecast to 2021", published by MarketsandMarkets, The global market size is estimated to grow from USD 17.63 Billion in 2016 to USD 21.47 Billion by 2021, at a CAGR of 4.0%.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302)

Browse 226 market data Tables and 75 Figures spread through 240 Pages and in-depth TOC on "Protective Coatings Market"

http://www.marketsandmarkets.com/Market-Reports/protective-coatings-market-125206748.html

Early buyers will receive 10% customization on this report.

The market is driven by increasing demand for protective coatings in emerging markets and high demand from infrastructure & construction, oil & gas, automotive, aerospace, industrial, and marine industries.

Epoxy, the largest segment of protective coatings

The growing popularity of various types of protective coatings such as alkyd, acrylics, epoxy, polyurethane, and polyester in various end-use applications plays a significant role in driving the market. Epoxy protective coatings accounted for the maximum share, in terms of value, of the overall market due to its excellent customizability and easy to apply & remove properties. There is rising demand for high performance and environmentally friendly nature of protective coatings, which is expected to drive the market for this segment.

Industrial applications, the fastest-growing market segment for protective coatings

Industrial application is the fastest-growing market, in terms of value, for protective coatings. The use of protective coatings due to increased need for protection of machineries and equipment which function in harsh environment is driving the market in this segment.

Make an Inquiry @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=125206748

Rising demand in Asia-Pacific, the major driver for growth of the protective coatings market

In 2015, Asia-Pacific dominated the Protective Coatings Market. The region is also projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India between 2016 and 2021. China is the largest market for protective coatings, globally, with major demand from the marine industry. The Indian government has started investment promotion programs to assist infrastructure & construction projects, which is expected to drive the growth of the protective coatings market.

The key companies profiled in the protective coatings market research report are PPG Industries (U.S.), Akzonobel N.V.(Netherlands), The Sherwin-Williams Company (U.S.), Arkema (France), Sika A.G. (Switzerland), RPM International (U.S.), and Hempel (Denmark).

Browse Related Reports:

Anti-Corrosion Coating Market by Type (Epoxy, Polyurethanes, Acrylic, Alkyd), Technology (Solvent, Water, Powder) and End-use Industry (Marine, Oil & Gas, Industrial, Infrastructure, and Power Generation) - Global Trends & Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/anti-corrosion-coating-market-155215822.html

Insulation Coating Market by Type (Acrylics, Epoxy, Polyurethane, YSZ, Mullite, and Others), End-Use Industry (Aerospace, Automotive & Transportation, Industrial, Marine, Buildings & Construction and Others), & by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Trends & Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/insulation-coatings-market-26484290.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets