Global protective coatings market to reach USD 18.7 billion by 2027. Global protective coatings market is valued approximately at USD 13.1 billion in 2020 and is anticipated to grow with a healthy growth rate of about 5.2% over the forecast period 2021-2027. Protective coatings refer to layer of a material which is applied to the surface of different material to inhibit or prevent corrosion. These coatings may be metallic or non - metallic and are applied using a range of methods and have many other purposes apart from corrosion prevention. The global protective coatings market is being driven by growing demand from civil building & infrastructure industry and increasing need for efficient processes and longer life of equipment and devices. Furthermore, increasing demand for maintenance of existing substrates will provide new opportunities for the global protective coatings industry. In the construction sector (civil building and infrastructure), protective coatings are applied to different surfaces to enhance surface properties, including corrosion, appearance, scratch resistance and adhesion. With growth in the construction spending, the demand for protective coatings is expected to increase in the civil building and infrastructure sector. As per Statista, the global spending on the construction industry is projected to increase from USD 12 trillion in 2019 to approximately USD 14.8 trillion by 2025. This is likely to boost the market growth. However, high prices of raw materials and energy may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global protective coatings market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global protective coatings market over the forecast period 2021-2027 and is expected to register the fastest growth rate. Factors such as increasing demand for protective coatings from end - users, rapid urbanization and industrialization in developing countries such as India and China, etc. contribute towards the largest market share of the region.

Major market player included in this report are:
Akzonobel N.V. (Akzonobel)
PPG Industries
The Sherwin-Williams Company
Jotun A/S
Hempel A/S
Chugoku Marine Paints Ltd.
Nippon Paint Holdings Co. Ltd.
Sika AG
Kansai Paints Co. Ltd.
Rpm International Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Solvent based
Water based
Powder coatings
Others
By Resin Type:
Epoxy
Polyurethane
Acrylic
Alkyd
Zinc
Others
By End-Use Industry:
Offshore Structures/Oil&Gas - Exploration, Production & Transmission
Petrochemical - Refineries & Chemical Processing
Marine
Cargo Containers
Power Generation
Water & Wastewater Treatment
Civil Building & Infrastructure
Food & Beverages
Others
By Application:
Abrasion Resistance
Chemical Resistance
Fire Protection
Heat Resistance
Corrosion Resistance
Pipe Coatings
Tank Linings
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Protective Coatings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors