Chemical Resistant Coatings Market Scope
Chemical-resistant coatings are employed in different industries like construction, waste product treatment, organic compound, etc. There are other forms of chemical-resistant coatings resins that are employed in the coating to avoid the corrosion of the structures and metals. chemical resistant coating and paint extremely corrosive chemical environments and industries to shield metal, wood, etc. For some purpose, the majority of coatings can get disclosed to chemicals and acids, whether clean-up product, spills, or fumes. This coating plays a considerable role in protection against harmful acids, oils, solvents, and even clean-up solutions which may simply result in erosion on floors.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Metal Coatings Corp (United States), ITW Polymers Sealants (United States), The Jotun Group (Norway), PPG Industries Inc. (United States), Sika AG (Switzerland), The Sherwin-Williams Company (United States), VersaFlex Incorporated (United States), Wacker Chemie AG (Germany) and The Protech Group (Australia) |
CAGR | % |
The global market for chemical-resistant coatings is fragmented by global key players owing to rising demand for the coating material in different industries like wastewater treatment or automobile or construction for different purposes. The players should focus on Different Innovations and research and development for the introduction of new products to grab the market share.
BASF SE (Germany), Metal Coatings Corp (United States), ITW Polymers Sealants (United States), The Jotun Group (Norway), PPG Industries Inc. (United States), Sika AG (Switzerland), The Sherwin-Williams Company (United States), VersaFlex Incorporated (United States), Wacker Chemie AG (Germany) and The Protech Group (Australia) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Chemical Resistant Coatings market by Type and Region with country level break-up.
On the basis of geography, the market of Chemical Resistant Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In 2021, The Protech Group acquired the liquid coatings business of Excalibur Paints & Coatings Ltd. The expertise of Excalibur Paints formulations and the wide reach of the Protech Group portfolio of liquid coatings brands will come together due to this collaboration and strengthen the position of companies in the market.
Sika AG offers a variety of coatings and systems that are designed to provide chemical resistance and protection in various applications. Their chemical-resistant coatings are formulated to withstand exposure to aggressive chemicals, acids, solvents, and other corrosive substances. These coatings are commonly used in industrial facilities, wastewater treatment plants, chemical processing plants, and other environments where chemical resistance is critical.
In the United States, the Environmental Protection Agency (EPA) and the Occupational Safety and Health Administration (OSHA) are two regulatory bodies that play a role in the regulation of chemical-resistant coatings.
Influencing Trend:
Product Development with Additional Benefits like Heat Resistance and Water Resistance
Market Growth Drivers:
Rising Applications in Construction and Infrastructure for Layering, Varnishing, or Flooring Applications
Challenges:
Availability of Substitutes in the Market
Restraints:
High Cost involved in Chemical Resistant Coating for Coating Bigger Areas
Opportunities:
Increasing Applications of Chemical Resistant Coating in the Automobile Sector and Rising Demand for the Chemical Resistant Coating in Wastewater Treatment Plants and Sewers for Better Efficiency
Key Target Audience
Chemical Resistant Coatings Manufacturer, Raw Material Provider, Research Institutes, End-User Industry and Others