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Global Protective Coatings Market 2018-2022 | High Demand from Construction Industry to Boost Growth | Technavio

June 6, 2018

Technavio has published a new market research report on the global protective coatings market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jun 6, 2018-- projects the global protective coatings market to post a CAGR of more than 9% from 2018-2022, according to their latest market research report.

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Technavio has published a new market research report on the global protective coatings market from 2018-2022. (Graphic: Business Wire)

The rise in construction and infrastructure development activities is a significant driver that will impact the growth of the during the forecast period. Governments in emerging countries such as India, China, Australia, Indonesia, and Vietnam are heavily investing in infrastructure and residential projects. This will boost the construction market and lead to an increase in demand for protective coatings.

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

In this report, Technavio highlights the increasing demand for waterborne coating as one of the key emerging trends to drive the global protective coatings market:

Global protective coatings market: Introduction of rugged OTG pen drives

The waterborne coating uses water as a solvent. Solvent-borne coatings dominate the global protective coatings market. However, these coatings emit VOCs which are hazardous to human health as well as the environment. Various regulatory restrictions have been imposed on the use of these solvents which has led to the development of various water-borne solvents.

According to a senior analyst at Technavio for paints, coatings, and pigments research , “Water-borne coatings are eco-friendly in nature and emit a low amount of VOC in the air. Moreover, these coatings do not need any kind of thinner or hardener because of which they are more cost-effective than other coatings.”

Global protective coatings market: Segmentation and analysis through 2022

This market research report segments the global protective coatings market by end-user (infrastructure and construction, oil and gas, automotive, aerospace, and others) and key regions (the Americas, APAC, and EMEA).

The infrastructure and construction segment dominated the market with a market share of close to 40%, closely followed by the oil and gas segment. The infrastructure segment is expected to witness an increase in its market share over the forecast period, while all the other segments will decline or see a very marginal increase in their market shares.

In 2017, the global protective coatings market was dominated by APAC with a revenue share of 67% followed by EMEA and the Americas respectively. The market share of APAC is expected to increase by a further 2% during the forecast period while EMEA and the Americas will see a decline in their market share.

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.

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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View source version on businesswire.com:https://www.businesswire.com/news/home/20180606006237/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 06/06/2018 02:48 PM/DISC: 06/06/2018 05:46 PM

http://www.businesswire.com/news/home/20180606006237/en

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