Market Overview:
The global protective and specialty coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for protective and specialty coatings from various end-use industries, such as infrastructure, oil and gas, automotive, aerospace, and others. In terms of type, the solvent-borne coatings segment is expected to lead the global protective and specialty coatings market during the forecast period. This can be attributed to their high performance properties as compared with other types of coating systems.
Product Definition:
Protective coatings are applied to surfaces, such as metal or wood, in order to protect them from the elements and extend their life. Specialty coatings are a type of protective coating that is specifically designed for a particular application. Some examples of specialty coatings include corrosion-resistant coatings, fire-retardant coatings, and waterproofing coatings.
Solvent-borne Coatings:
Solvent-borne coatings are widely used in the protective and specialty coatings industry owing to its characteristics such as low VOC content, quick drying time, superior adhesion & corrosion resistance along with high flexibility on various substrates. Solvent-borne coating is a two-component system that comprises of a solvent and binder which are usually mixed together at fixed ratios to obtain the desired viscosity for application.
Water-borne Coatings:
Water-borne coatings are widely used in the protective and specialty coatings industry. They are also referred to as water-based or wet coatings. These coating types have gained favor among consumers due to their environment friendly nature, which is a major factor driving the global market. Water based coating is produced using either emulsion or a suspension process with an oil based carrier fluid ( usually vegetable oils).
Application Insights:
The infrastructure application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to increasing government spending on infrastructure projects across the globe. For instance, according to a study by Oxford Economics, governments of China and India are likely to invest around USD 4 trillion and USD 6 trillion respectively in new infrastructure activities from 2016 to 2020 due largelyto increased disposable income owing to rising employment rates among both urban & rural residents. This is expectedto boost demand for protective & specialty coatings globally during this period.
Infrastructure application dominated North America protective & specialty coatings market share in 2017 owing primarilyto presence of major airports including New York City's JFK International Airport, Chicago O'Hare International Airport, Los Angeles International Airport; as well as seaports including PortMiami Beachand Port Canaveral on Florida's east coast The oil.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, increasing foreign investments, rising infrastructure activities, and favorable government policies.
The Asia Pacific protective & specialty coatings market is also driven by growing automotive production in countries such as China and India. In addition, rising demand for consumer goods coupled with expanding oil & gas industry will drive product demand over the forecast period.
Europe was valued at USD X million in 2017 owing to presence of major automobile manufacturers such as Volkswagen Group; BMW AG; Daimler AG; Ford Motor Company Europe S.A.; Fiat Chrysler Automobiles N.V.; Jaguar Land Rover Limited; Mercedes-Benz AG DaimlerChrysler LLC., etc., which are actively investing in research & development activities for manufacturing high performance cars using powder coating technology across various European countries including Germany, France Italy and U K among others).
Growth Factors:
- Increasing demand from the construction industry for protective and specialty coatings as a result of growth in infrastructure development activities.
- Rising demand for corrosion protection coatings from various end-use industries, such as oil & gas, automotive, and marine sectors.
- Growing popularity of nanotechnology-based protective and specialty coatings due to their superior properties such as high durability, chemical resistance, and thermal stability.
- Increasing use of waterborne coatings owing to their environmental friendly nature and low VOC emissions levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Protective & Specialty Coatings Market Research Report
By Type
Solvent-borne Coatings, Water-borne Coatings, Powder Coatings
By Application
Infrastructure, Oil and gas, Automotive, Aerospace
By Companies
AkzoNobel, PPG Industries, RPM, Sherwin-Williams, Axalta Coating Systems, Arkema, Hempel, Jotun, Kansai, Nippon, Sika, Valspar, Wacker Chemie
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Protective & Specialty Coatings Market Report Segments:
The global Protective & Specialty Coatings market is segmented on the basis of:
Types
Solvent-borne Coatings, Water-borne Coatings, Powder Coatings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infrastructure, Oil and gas, Automotive, Aerospace
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- PPG Industries
- RPM
- Sherwin-Williams
- Axalta Coating Systems
- Arkema
- Hempel
- Jotun
- Kansai
- Nippon
- Sika
- Valspar
- Wacker Chemie
Highlights of The Protective & Specialty Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent-borne Coatings
- Water-borne Coatings
- Powder Coatings
- By Application:
- Infrastructure
- Oil and gas
- Automotive
- Aerospace
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Protective & Specialty Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Protective coatings are a type of coating that is used to protect surfaces from the elements. Specialty coatings are a type of coating that is used to improve the performance or appearance of a surface.
Some of the key players operating in the protective & specialty coatings market are AkzoNobel, PPG Industries, RPM, Sherwin-Williams, Axalta Coating Systems, Arkema, Hempel, Jotun, Kansai, Nippon, Sika, Valspar, Wacker Chemie.
The protective & specialty coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Protective & Specialty Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Protective & Specialty Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Protective & Specialty Coatings Market - Supply Chain
4.5. Global Protective & Specialty Coatings Market Forecast
4.5.1. Protective & Specialty Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Protective & Specialty Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Protective & Specialty Coatings Market Absolute $ Opportunity
5. Global Protective & Specialty Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Protective & Specialty Coatings Market Size and Volume Forecast by Type
5.3.1. Solvent-borne Coatings
5.3.2. Water-borne Coatings
5.3.3. Powder Coatings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Protective & Specialty Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Protective & Specialty Coatings Market Size and Volume Forecast by Application
6.3.1. Infrastructure
6.3.2. Oil and gas
6.3.3. Automotive
6.3.4. Aerospace
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Protective & Specialty Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Protective & Specialty Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Protective & Specialty Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Protective & Specialty Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Protective & Specialty Coatings Demand Share Forecast, 2019-2026
9. North America Protective & Specialty Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Protective & Specialty Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Protective & Specialty Coatings Market Size and Volume Forecast by Application
9.4.1. Infrastructure
9.4.2. Oil and gas
9.4.3. Automotive
9.4.4. Aerospace
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Protective & Specialty Coatings Market Size and Volume Forecast by Type
9.7.1. Solvent-borne Coatings
9.7.2. Water-borne Coatings
9.7.3. Powder Coatings
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Protective & Specialty Coatings Demand Share Forecast, 2019-2026
10. Latin America Protective & Specialty Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Protective & Specialty Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Protective & Specialty Coatings Market Size and Volume Forecast by Application
10.4.1. Infrastructure
10.4.2. Oil and gas
10.4.3. Automotive
10.4.4. Aerospace
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Protective & Specialty Coatings Market Size and Volume Forecast by Type
10.7.1. Solvent-borne Coatings
10.7.2. Water-borne Coatings
10.7.3. Powder Coatings
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Protective & Specialty Coatings Demand Share Forecast, 2019-2026
11. Europe Protective & Specialty Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Protective & Specialty Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Protective & Specialty Coatings Market Size and Volume Forecast by Application
11.4.1. Infrastructure
11.4.2. Oil and gas
11.4.3. Automotive
11.4.4. Aerospace
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Protective & Specialty Coatings Market Size and Volume Forecast by Type
11.7.1. Solvent-borne Coatins
11.7.2. Water-borne Coatings
11.7.3. Powder Coatings
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Protective & Specialty Coatings Demand Share, 2019-2026
12. Asia Pacific Protective & Specialty Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Protective & Specialty Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Protective & Specialty Coatings Market Size and Volume Forecast by Application
12.4.1. Infrastructure
12.4.2. Oil and gas
12.4.3. Automotive
12.4.4. Aerospace
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Protective & Specialty Coatings Market Size and Volume Forecast by Type
12.7.1. Solvent-borne Coatings
12.7.2. Water-borne Coatings
12.7.3. Powder Coatings
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Protective & Specialty Coatings Demand Share, 2019-2026
13. Middle East & Africa Protective & Specialty Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Protective & Specialty Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Protective & Specialty Coatings Market Size and Volume Forecast by Application
13.4.1. Infrastructure
13.4.2. Oil and gas
13.4.3. Automotive
13.4.4. Aerospace
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Protective & Specialty Coatings Market Size and Volume Forecast by Type
13.7.1. Solvent-borne Coatings
13.7.2. Water-borne Coatings
13.7.3. Powder Coatings
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Protective & Specialty Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Protective & Specialty Coatings Market: Market Share Analysis
14.2. Protective & Specialty Coatings Distributors and Customers
14.3. Protective & Specialty Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AkzoNobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PPG Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. RPM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sherwin-Williams
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Axalta Coating Systems
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arkema
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hempel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jotun
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kansai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nippon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sika
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Valspar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Wacker Chemie
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
