PROTECTIVE COATINGS MARKET ANALYSIS

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 Challenges: Fluctuations in raw material prices

Fluctuations in the prices of raw materials remain a key concern for the protective coatings market. Raw materials account for a major share of the total production costs and any fluctuations in their prices can have significant impact on the profit margins of protective coatings manufacturers. This often restrains their capacity to reduce costs and prices of finished goods to attract more customers.

Market Opportunities: Emergence of bio-based coatings

The emergence of bio-based coatings presents a great opportunity for growth in the protective coatings market. Bio-based coatings are manufactured wholly or partly from materials derived from biological sources such as plants, leaves and other natural organic materials. These coatings offers superior properties like biodegradability, sustainability and reduced toxicity as compared to traditional oil-based coatings.