Protective Coatings Market in APAC 2015-2019
About Protective Coatings
Protective coatings are paints, varnishes, or lacquers that protects things from temperature, wear and tear, chemicals, corrosion, weather, mechanical pressures, chemical attacks, and fire and offer performance benefits. These coatings are used more for their functional purposes than for decorative purposes. On the basis of technology, protective coatings can be categorized into waterborne, solvent-borne, and powder-based coatings. The properties and functional benefits of protective coatings vary on the basis of coating chemistries and resin type.
Technavio's analysts forecast the protective coatings market in APAC to grow at a CAGR of 10.22% over the period 2014-2019.
Covered in this Report
The following are the major end-users of protective coatings: infrastructure, oil and gas, automotive, aerospace, and others sectors.
Technavio's report, Protective Coatings Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Countries
Technavio Announces the Publication of its Research Report – Protective Coatings Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Protective Coatings Market in APAC: Jotun, Akzo Nobel, Hempel, PPG Industries and Kansai Paints
Other Prominent Vendors in the market are: 3M, Arkema Group, Asian Paints, BASF, Berger Paints, Boero Bartolomeo, Brillux, Carboline, Chugoku Marine Paints, Croda International, DNT (Dai Nippon Toryo), Dow Chemicals, Dulux, E.I. Du Pont De Nemours, Hempel Group, Kansai Paint, Meffert, Nippon Paint, Sika Group and Tikkurila
Commenting on the report, an analyst from Technavio’s team said: “An increase in consumer preference for eco-friendly products is an important trend being witnessed in the protective coatings market. Increased environmental regulations and restrictions along with changing consumer preferences for sustainable products are urging protective coatings manufacturers to develop eco-friendly products. Manufacturers of protective coatings, such as anti-corrosive, anti-fouling, high-temperature coatings, and tank lining products, are developing new and eco-friendly coatings to comply with the regulations and to meet the growing demand for sustainable, harmless products.”
According to the report, the growth in the oil and gas industry is because of the growing population, urbanization, and an increase in demand for oil and gas from the transportation industry. Protective coatings are widely used for the protection and maintenance of underwater structures, and offshore oil and gas facility structures. Protective coatings such as non-toxic, anti-corrosive, anti-fouling, and high-temperature resistant products are widely used in the oil and gas industry to ensure protection against hostile environments and adverse conditions such as fire, high temperatures, and chemicals.Further, the report states that stringent regulations limiting the use of hazardous chemicals are forcing vendors to increase their investments in R&D to develop eco-friendly and sustainable protective coating products.
Jotun, Akzo Nobel, Hempel, PPG Industries, Kansai Paints, 3M, Arkema Group, Asian Paints, BASF, Berger Paints, Boero Bartolomeo, Brillux, Carboline, Chugoku Marine Paints, Croda International, DNT (Dai Nippon Toryo), Dow Chemicals, Dulux, E.I. Du Pont De Nemours, Hempel Group, Kansai Paint, Meffert, Nippon Paint, Sika Group, Tikkurila