Industry Background:
Rising demand from the aerospace industry is expected to fuel the growth. Protective coatings are widely used in aerospace application such as in exterior topcoats, fuel tanks, anti-chafe, wings, and others. They provide protection to equipment and assemblies against erosion, corrosion, chemical attack, and abrasion, and thereby help extend the life and efficiency of components. The demand for aerospace and defense equipment is anticipated to witness significant growth across the globe over the forecast period. The resurgence of global security threats coupled with growth in the defense budget of key nations is expected to drive the aerospace industry in the forthcoming years.
According to AMA, the market for Protective Paints is expected to register a CAGR of 5.0% during the forecast period to 2026. This growth is primarily driven by The protective coating is widely used in various end-use industries including construction, oil and gas, aerospace, industrial, marine, automotive, power generation, mining, and others..
Globally, a noticeable market trend is evident Increasing Need for Efficient Processes and Longer Life of Equipment and Devices
. The Consumer Goods sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as The Dow Chemicals Company (United States), BASF SE (Germany), Dow Corning (United States), Kisco Limited (Japan), PPG Industries (United States), The Sherwin-Williams Company Limited (United States), Arkema SA (France), Boeing (United States), BMW (Germany) and DLF (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- The protective coating is widely used in various end-use industries including construction, oil and gas, aerospace, industrial, marine, automotive, power generation, mining, and others.
Market Trend
- Increasing Need for Efficient Processes and Longer Life of Equipment and Devices
- Growing Demand From the Infrastructure & Construction Industry
Restraints
- High Prices of Raw Materials and Energy
Opportunities
Increasing Demand for the Maintenance of Existing Substrates and New Products Enhance Application Areas for Protective Coatings Resins
Challenges
Development of Cost-Effective Product Under Stringent Environmental Regulations
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Protective Paints Study Sheds Light on
The Protective Paints Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Protective Paints industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Protective Paints industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.