Global Protective Coatings Market 2019-2023| 10% CAGR Projected Over the Forecast Period| Technavio

November 20, 2018

LONDON--(BUSINESS WIRE)--Nov 20, 2018--The global protective coatings market is expected to post a CAGR of nearly 10% during the period 2019-2023, according to the latest market research report by .

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Technavio has released a new market research report on the global protective coatings market for the period 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the increased demand for water-borne coatings. The water-borne coatings provide numerous benefits owing to the presence of water as the main solvent. Industries such as the aerospace, oil and gas, marine, power generation, mining, automotive, and others use these coatings extensively as they offer excellent resistance to heat and abrasion along with superior adhesion. Low levels of VOC and hazardous air pollutants (HAP) emissions makes water-borne coatings less toxic and flammable.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the new plants and capacity expansion as one of the key emerging trends in the global protective coatings market:

Global protective coatings market: New plants and capacity expansion

The capacity expansions by major vendors of protective coatings shows the growth being witnessed in the global protective coatings market. Various vendors such as Axalta Coating Systems, Akzo Nobel, and Berger Paints are investing in the development of advanced industrial coatings. Also, these vendors are concentrating on strengthening their global presence.

“Companies such as Axalta Coating Systems inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujrat, India. The new plant is expected to double the company’s coating manufacturing capacity to meet the growing demand for coatings in light vehicles, commercial vehicles, and industrial segments. Also, Akzo Nobel has inaugurated its new coating manufacturing facility in India to expand their presence in northern and western parts of the country,” says a senior analyst at Technavio for research on paints, coatings, and pigments.

Global protective coatings market: Segmentation analysis

This market research report segments the global protective coatings market by technology (solvent-borne, water-borne, and powder coating), by resin (epoxy, alkyd, and polyurethane), end-user (infrastructure and construction, oil and gas, automotive, and aerospace), and geographical regions (APAC, EMEA, and the Americas).

The solvent-borne segment held the largest market share in 2018, accounting for nearly 74% of the market. This technology segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2018 with a market share of nearly 67%. This region is expected to dominate the market through 2023, with an increase in its market share by nearly 2%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/20/2018 09:36 AM/DISC: 11/20/2018 09:36 AM


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