Protective Coatings Market Growing at 4% CAGR to 2021 led by Polyester Segment

Aug 29, 2016, 04:00 ET from ReportsnReports

PUNE, India, August 29, 2016 /PRNewswire/ --

The protective coatings market size is estimated to reach $ 21.47 billion by 2021, registering a CAGR of 4% between 2016 and 2021 driven by growing popularity of various types of protective coatings such as alkyd, acrylics, epoxy, polyurethane, and polyester while Asia-Pacific is to dominate the global protective coatings market.

Complete report on global protective coatings market spread across 240 pages, profiling 10 companies and supported with 226 tables and 75 figures is now available .

The polyester protective coatings segment is estimated to witness the highest growth in the overall protective coatings market. The rising demands for protective coatings with excellent chemical and corrosion resistant properties drive the market for this segment. Polyester protective coatings are used in the marine industry, as it offers exceptional chemical, salt, and abrasion resistance. Polyester protective coatings offer good dielectric properties with excellent humidity and are cost-effective.

In 2015, Asia-Pacific dominated the protective coatings market due to rapid growth of infrastructure & construction and automotive industries. The Asia-Pacific region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India. China is the largest market for protective coatings globally with major demand from the infrastructure & construction and marine industries. Growing innovation & development and rising demand in the industrial sector for novel and improved products are directly affecting the rise in the use of protective coatings. High growth and innovation, along with industry consolidations, are expected to lead to a prospective future for the industry in the region.

The key companies profiled in this market research report are PPG Industries (U.S.), RPM International (U.S.), Axalta Coatings Systems (U.S.), The Sherwin-Williams Company Limited (U.S.), AkzoNobel NV (Netherlands), Arkema SA (France) Valspar (U.S.), Wacker Chemie AG (Germany), Sika AG (Switzerland), and Hempel A/S (Denmark). Order a copy of 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 research report at .

In the process of determining and verifying, the protective coatings market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (37%), Tier 2 (50%) and Tier 3 (13%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level (50%), Director Level (31%) and others (19%) from various key organizations operating in the protective coatings market. The primary interviews were conducted worldwide covering regions such as North America (31%), Europe (38%), Asia-Pacific (25%) and Rest of World (6%).

On a related note, another research on Plastic Coatings Market Global Forecast to 2021 says, polyurethane plastic coatings segment to register high growth due to its advantages over other materials. The global market is projected to reach USD 7.76 billion by 2021, at a CAGR of 5.5% from 2016 to 2021. Asia-Pacific is to register the highest growth in the plastic coatings market by 2021. Companies like PPG Industries Inc., Bayer AG, Axalta Coating Systems, AkzoNobel N.V., 3M, Eastman Chemical Company, Axalta Coatings System LTD., Kansai Paint Co., LTD., BASF SE and Wacker Chemie AG have been profiled in this 177 pages research report available at .

Explore more reports on the chemicals ›market at .

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