Product ID: UCMIG15A2090
Protective Coatings Market Size, Share, Growth Analysis, By Resin(Acrylic, Epoxy), By Formulation(Solvent Borne, Water-Borne), By End-User(Construction, Oil & Gas), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG15A2090 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Protective Coatings Market Insights
Market Overview:
The protective coatings market is expected to witness growth due to various end-use industries' increased demand for these coatings. The market's size was estimated at USD 30.28 billion in 2019, and it is anticipated to grow at a CAGR of 7.7% from 2020 to 2025. The growth is primarily attributed to the rising construction industry. The coatings are applied to different surfaces in industries such as oil and gas, aerospace, industrial, marine, automotive, power generation, mining, and others to protect against damage from the external environment, ensuring the item's function or part integrity.
Protective Coatings Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Protective Coatings Market Report Snapshots
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