Protective Coatings Market, By Technology (Solvent-borne Coatings, Water-borne Coatings, Powder Coatings, and Others), By Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Polyester, and Others), By Application (Infrastructure, Commercial Real Estate, Industrial Plants and Facilities, Oil & Gas, Power, and Mining), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024

Code : CMI2715

Pages :120

Formats :

Excel and PDF

Industry : Advanced Materials

Market Concentration and Competitive Landscape

Protective Coatings Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Stringent environment regulations

Governments across major economies have been aggressively raising the environmental standards pertaining to various industries over the past few years. Several regions have implemented stringent norms to reduce pollution and lower carbon footprint. Industries which have high environmental exposure such as oil & gas, mining, marine, power generation are now subject to strict compliance. Failure to meet these regulations can result in heavy penalties. This is positively impacting the protective coatings market as these industries look for advanced solutions to maintain compliance.

In February 2024, Evonik launched Ancamine 2844 for protective coatings
In 2023, nduron Protective Coatings announced the launch of its newest product, Novasafe
In 2021, PPG Industries Inc., a supplier of paints, coatings, and specialty materials, introduced the PPG PITTHANE ULTRA LS high performance polyurethane topcoat, which is designed for use in corrosive situations where a low sheen required to reduce a glare and cover surface flow
In 2020, Sherwin-William’s protective and marine coatings expanded its line of FIRETEX, a passive fire protection coatings range that improves applications and lowers costs for onshore assets by allowing the exact coating thickness parameters

*Definition: The protective coatings market includes paints, coatings, and other protective layers that are applied to metal or other substrates to prevent corrosion and weathering. These coatings form a barrier between the substrate material and its environment, extending the useful lifetime and durability of assets. Common protective coating types include epoxy, polyurethane, acrylic, alkyd, and vinyl-based formulations that are used across various end-use industries like oil and gas, marine, construction, automotive, and aerospace.