Global Protective Coating Resins Market Size By Product (Acrylic, Epoxy), By Application (Infrastructure & Construction, Oil & Gas), By Geography And Forecast
Report ID: 20300|No. of Pages: 202
Global Protective Coating Resins Market Size By Product (Acrylic, Epoxy), By Application (Infrastructure & Construction, Oil & Gas), By Geography And Forecast
Protective Coating Resins Market Size And Forecast
Protective Coating Resins Market size was valued at USD 23.17 Billion in 2024 and is projected to reach USD 30.55 Billion by 2031, growing at a CAGR of 3.52% from 2024 to 2031.
The increasing need for efficient processes and longer life of equipment and devices is the crucial aspect of the rise in the market revenue of Protective Coating Resins as well as the growing demand from the infrastructure & construction industry that will foster market growth. The Global Protective Coating Resins Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Protective Coating Resins Market Definition
Coating resins are covering applied on the surface of the thing to realize hardness, corrosion resistance, weather resistance, and stain resistance. Resins offer gloss retention, quick drying times, and superior weathering to coatings. Resins for protective coating are substances that are used to cover a surface or substrate with protection. They are frequently employed in several sectors, including the automotive, aerospace, maritime, construction, and oil and gas industries. Protective coating resins come in a variety of forms, including epoxy, polyurethane, polyester, and acrylic. Each variety has distinct characteristics and characteristics that make it appropriate for specific applications. Because of their excellent chemical resistance, durability, and adhesion, epoxy resins are frequently used.
Concrete, metal, and wood are just a few of the surfaces to which they can be applied. In the construction sector, epoxy coatings are commonly used to protect concrete walls, floors, and structures from chemical and moisture damage. Protective coating resins are used to protect industrial equipment, machinery in infrastructure & construction, and automotive industries. It has several of distinctive qualities, including high adhesion and resistance to abrasion, and chemical. The lifespan of the substrate is increased by three to five years by these coating resins. The protective coating resins are free from volatile organic compounds and are environmentally friendly and thus it is extensively used in a wide variety of industries.
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What's inside a VMR
industry report?
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=20300
Global Protective Coating Resins Market Overview
The market is driven by increasing demand for protective coatings in emerging markets and high demand from industrial equipment and machinery in automotive, and infrastructure & construction industries. Protective coating resins have unique properties, such as excellent adhesion and resistance to abrasion, impact, and chemicals. They increase the life span of a substrate by 3 to 5 years. Rapid industrialization and urbanization in emerging economies, notably in Asia-Pacific, are driving up demand for protective coatings in a variety of industries, including construction, automotive, marine, and aerospace.
Rising consumer expenditure, increased construction activity, and expanding industrialization are some of the factors that are fueling the increasing need for protective coatings in emerging regions. Protective coating resins are also heavily used in the construction, infrastructure, and automotive sectors. These sectors need protective coatings to shield equipment and structures from corrosion, weathering, and other types of harm. The need for protective coatings is anticipated to rise further as a result of rising infrastructure development, construction activity, and automotive sector growth.
The tremendous growth within the demand for protective coating resins from the development and infrastructure industries fuels the expansion of the worldwide protective coating resins market. The rising need for longer life of devices and efficient processes expects to encourage the growth of the market. Owing to the emergence of the latest product application base, the utilization of protective coating resins has increased which includes rising demand for the upkeep of existing substrates thus projecting to propel the protective coating resins market growth. However, strict regulations set by the government, the development of cost-effective products, and higher prices of energy and raw materials are hampering the market growth.
Global Protective Coating Resins Market Segmentation Analysis
The Global Protective Coating Resins Market is Segmented based on Product, Application, And Geography.
Protective Coating Resins Market, By product
- Acrylic
- Epoxy
- Polyurethane
- Others
Based on Product, the market is bifurcated into Acrylic, Epoxy, Polyurethane, and others. The epoxy segment accounted for the most important market share, followed by alkyd. Epoxy protective coating resins accounted for the largest share owing to their low volatility and unmatchable corrosion protection properties. The rising demand for environmentally friendly or volatile organic compounds (VOCs)-free protective coating resins in countries such as Germany and France is expected to drive this market.
Protective Coating Resins Market, By Application
- Infrastructure & Construction
- Oil & Gas
- Aerospace
- Others
Based on Application, the market is bifurcated into Infrastructure & Construction, Oil & Gas, Aerospace, and Others. The infrastructure & construction industry is estimated to be the largest end-use industry of protective coating. The growing construction industry and the need for protective coatings on equipment to protect them from wear & tear and to increase their performance in vulnerable environments have been the key factors for the dominance of the infrastructure & construction industry in the protective coating resins market.
Protective Coating Resins Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Based on regional analysis, the Global Protective Coating Resins Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Improving economy coupled with increased demand from infrastructure & construction, oil & gas, marine, and automotive boost the market for protective coating resins in Asia-Pacific. The region accounts for the most important share of the worldwide protective coating resins market. North America accounted for the second-largest market share.
Key Players
The “Global Protective Coating Resins Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Akzo Nobel, Axalta Coatings Systems, RPM International, Dow Chemical Company, Sherwin-Williams Company, Arkema Group, allnex Group, Hempel, Jotun, Sika, PPG Industries, Wacker Chemie, among others.
This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Protective Coating Resins Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Protective Coating Resins Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Akzo Nobel, Axalta Coatings systems, RPM International, Dow Chemical Company, Sherwin-Williams Company, Arkema Group, allnex Group, Hempel, Jotun, Sika, PPG Industries, Wacker Chemie |
| Segments Covered |
|
| Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Protective Coating Resins Market: Research Methodology
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well asthe future market outlook of the industry for recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF THE GLOBAL PROTECTIVE COATING RESINS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL PROTECTIVE COATING RESINS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porter’s Five Force Model
4.4 Value Chain Analysis
5 GLOBAL PROTECTIVE COATING RESINS MARKET, BY PRODUCT
5.1 Overview
5.2 Acrylic
5.3 Epoxy
5.4 Polyurethane
5.5 Others
6 GLOBAL PROTECTIVE COATING RESINS MARKET, BY APPLICATION
6.1 Overview
6.2 Infrastructure & Construction
6.3 Oil & Gas
6.4 Aerospace
6.5 Others
7 GLOBAL PROTECTIVE COATING RESINS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 The U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 The U.K.
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Argentina
7.5.3 Rest of LATAM
7.6 Middle East and Africa
7.6.1 UAE
7.6.2 Saudi Arabia
7.6.3 South Africa
7.6.4 Rest of the Middle East and Africa
8 GLOBAL PROTECTIVE COATING RESINS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
8.4 Company Regional Footprint
8.5 Company Industry Footprint
8.6 ACE Matrix
9 COMPANY PROFILES
9.1 Akzo Nobel
9.1.1 Company Overview
9.1.2 Company Insights
9.1.3 Business Breakdown
9.1.4 Product Benchmarking
9.1.5 Key Developments
9.1.6 Winning Imperatives
9.1.7 Current Focus & Strategies
9.1.8 Threat from Competition
9.1.9 SWOT Analysis
9.2 Axalta Coatings systems
9.2.1 Company Overview
9.2.2 Company Insights
9.2.3 Business Breakdown
9.2.4 Product Benchmarking
9.2.5 Key Developments
9.2.6 Winning Imperatives
9.2.7 Current Focus & Strategies
9.2.8 Threat from Competition
9.2.9 SWOT Analysis
9.3 RPM International
9.3.1 Company Overview
9.3.2 Company Insights
9.3.3 Business Breakdown
9.3.4 Product Benchmarking
9.3.5 Key Developments
9.3.6 Winning Imperatives
9.3.7 Current Focus & Strategies
9.3.8 Threat from Competition
9.3.9 SWOT Analysis
9.4 Dow Chemical Company
9.4.1 Company Overview
9.4.2 Company Insights
9.4.3 Business Breakdown
9.4.4 Product Benchmarking
9.4.5 Key Developments
9.4.6 Winning Imperatives
9.4.7 Current Focus & Strategies
9.4.8 Threat from Competition
9.4.9 SWOT Analysis
9.5 Sherwin-Williams Company
9.5.1 Company Overview
9.5.2 Company Insights
9.5.3 Business Breakdown
9.5.4 Product Benchmarking
9.5.5 Key Developments
9.5.6 Winning Imperatives
9.5.7 Current Focus & Strategies
9.5.8 Threat from Competition
9.5.9 SWOT Analysis
9.6 Arkema Group
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Development
9.7 allnex Group
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Hempel
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Development
9.9 Jotun
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Development
9.10 Sika
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Development
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
