Protective Coatings Market

PPG (US) and AkzoNobel N.V. (Netherlands) are leading players in Protective Coatings Market

The Protective Coatings market is projected to grow from USD 13.8 Billion in 2021 to USD 17.8 Billion by 2026, at a CAGR of 5.2% between 2021 and 2026. APAC is estimated to be the largest consumer of Protective Coatings. The global Protective Coatings market is driven by the growing demand for Protective Coatings from Civil Building and Infrastructure industry.

The key players operating in the market are PPG (US), AkzoNobel N.V. (Netherlands), Sherwin-Williams (US), Jotun (Norway) and Hempel (Denmark). These players have adopted various strategies, such as mergers & acquisition, investment & expansion, and new product launch to grow in the market. Mergers & acquisitions is the key strategy adopted by the major players between 2020 and 2026. This strategy helped companies enhance their global presence.

To know about the assumptions considered for the study download the pdf brochure

PPG (US) is one of the leading manufacturers of protective coatings. The company is recognized on several renowned platforms. FORTUNE has ranked PPG industries #4 in the Worlds most admired companies list in the chemical industry and acquired #608 rank on FORBES global 2,000. The company has developed a software-based program for the protective and marine coatings business, which involves PPG developed proprietary algorithms to enable facility owners, managers, and engineers schedule, budget, and optimize the corrosion protection of metal assets. For this innovation, the company has been rewarded with FututreEdge 50 from the publishers of IDG. Such initiatives by the organization helps it stand out from its competitors.

AkzoNobel N.V. (Netherlands) has been investing to meet the increasing demand for its products. It is one of the largest protective coating companies globally. For further expansion in this field, the company adopted new product launches, mergers & acquisitions, and expansions & investments strategies. The protective coatings segment of the company has a strong presence in the emerging market of the APAC. The region accounts for a 43% share of the marine and protective coatings market followed by 34% in EMEA and 23% by Americas. The company has undertaken various innovations in the segment to cater to untapped markets. Its diversified product portfolio serves various end-use industries such as China Power Generation Industry. It has boosted the requirement for protective coatings due to the presence of the largest operational offshore wind farm in Asia.

Related Reports:

Protective Coatings Market by Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc), Technology (Solvent-based, Water-based, Powder Coatings), Application, End-Use Industry, and Region - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
CH 2599
RI Published ON
8/19/2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Protective Coatings Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved