3rd Dec 2018 - Global Protective Coating Resins Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. The key factor that propels the growth of the Protective Coating Resins Market include growing demand in the construction and infrastructure industries. In addition, product & technical innovations coupled with increasing need for longer life of devices and equipment and efficient processes is significantly fueling the market growth.
On the other hand, there are also factors that may hamper the growth of the market such as increasing prices of energy and raw materials and stringent regulations imposed by the government. Protective Coating Resins Market is classified on the basis of resin type, formulation, end users, distribution channel and geography.
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Market segment by Type, the product can be split into
- Epoxy
- Alkyd
- Acrylic
- Polyurethane
- Other
Among the resin type, epoxy segment is projected to account a dominant share in the Protective Coating Resins Market. Protective Coating Resins Market is classified on the basis of formulation as powder based, solvent borne and water borne.
Market segment by Application, Protective Coating Resins can be split into
- Infrastructure & Construction
- Oil & Gas
- Aerospace
- Industrial
- Marine
- Automotive
- Power Generation
- Mining
- Other (Electronics & Pulp & Paper)
Among the end users, industrial segment is estimated to hold a significant share in the Protective Coating Resins Market. Protective Coating Resins Market is classified on the basis of distribution channel as online stores, specialty stores and others. Protective Coating Resins Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
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The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa. In case of geographical region, Asia Pacific particularly China is projected to account a major share of the Global Protective Coating Resins Market. The key factor that contributes to the growth of this is existence of huge number of manufacturing units in China and major demand from the marine industry. Some of the key players that fuel the growth of the Global Protective Coating Resins Market include Akzonobel, Axalta Coating, Arkema, Akzonobel, Hempel, PPG Industries, RPM International, Sika,Wacker Chemie, Valspar and others.
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