2K protective coatings market will grow at a rate of 5.00% for the forecast period of 2021 to 2028. Rise in the demand from civil building and infrastructure industry acts as a vital factor driving the growth of 2K protective coatings market.
A protective coating is defined as a layer of material applied to the surface of another material with the intent of inhibiting or preventing corrosion. A protective coating may be metallic or non-metallic and is commonly used materials in non-metallic protective coatings include polymers, epoxies and polyurethanes.
Increase in the need for efficient processes and longer life of equipment and devices is the vital factor escalating the market growth, also growing environmental concerns and rise in the research and development activities in the market are the major factors among others driving the 2K protective coatings market. Moreover, rise in the demand for maintenance of existing substrates and rise in the demand from emerging economies will further create new opportunities for the 2K protective coatings market in the forecast period of 2021- 2028.
However, high prices of raw materials and energy is the major factor among others acting as a restraint, and will further challenge the growth of 2K protective coatings market in the forecast period mentioned above.
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2K Protective Coatings Market Scope and Market Size
2K protective coatings market is segmented on the basis of resin type and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on resin type, the 2K protective coatings market is segmented into epoxy, alkyd, polyurethane and acrylic.
The 2K protective coatings market is also segmented on the basis of end-use industry into cargo containers, marine, oil gas, power generation, waste water treatment and petrochemical.
Competitive Landscape and 2K Protective Coatings Market Share Analysis
2K protective coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 2K protective coatings market.
The major players covered in the 2K protective coatings market report are Akzo Nobel N.V, PPG Industries, Inc, The Sherwin-Williams Company, Jotun, Hempel A/S, Chugoku Marine Paints, Ltd, Kansai Paint Co.,Ltd, Sika AG, RPM International Inc, Valspar, Vitro, Dunn-Edwards Corporation, Tikkurila, Teknos Group, BASF SE, Henkel Adhesives Technologies India Private Limited, Benjamin Moore Co, Kelly-Moore Paints, Berger Paints, Cloverdale Paint Inc., Duluxgroup Ltd, NOROO Paint Coatings co.,Ltd. and PARKER HANNIFIN CORP among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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2K Protective Coatings Market Country Level Analysis
2K protective coatings market is analysed and market size, volume information is provided by resin type and end-use industry as referenced above.
The countries covered in the 2K protective coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the drilling fluid additives market due to rise in the environmental concerns and rise in the research and development activities in this region.
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