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iCrowdNewswire Jan 20, 2021 5:00 AM ET

Protective Coatings Market : Projected to register a CAGR of 5.2% | Size, Share, Growth Rate, Business Trends and Future Prospects by 2025


iCrowd Newswire - Jan 20, 2021

Pricing and Regulatory Analysis

The stringent standards and regulations for coatings used in automotive, building & construction and oil & gas industries are likely to propel the growth of the global protective market during the assessment period. For instance, the National Association of Corrosion Engineers– RP0188, for ‘Testing of Protective Coatings’, European Federation of Corrosion–  EFC 20, for ’Organic & Inorganic Coatings for Corrosion Prevention’, American National Standards Institute–  ANSI Z535.1, for ‘ Safety Color Code’, the European Paints Directive 2004/42/EC, for ‘the maximum amount of VOCs content’.

A protective coating is a barrier of paint or powder coatings that are applied on a material surface to prohibit corrosion thus, helps in making the metal inert from environmental changes. Protective coatings are important as they help to extend the lifetime of the substrate. Protective coatings can act as a barrier, sacrificial surface or as an inhibitive to protect the underlying element from water, oxygen, chemicals to hinder corrosion.

According to the MRFR analysis, the Global Protective Coatings Market was valued at more than USD 17.22 billion in 2018 and is expected to reach over USD 24.55 billion by the end of 2025 at a CAGR of 5.2%.

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SEGMENTATION

By Material Type

By Product Type

By End-Use Industry

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By Region

North America: Market growth is driven by the demand for aluminum protective coatings in aerospace, automotive, and marine industries.

Europe: Driven by the presence of global leaders of the oil & gas and automotive industry.

Asia-Pacific: The largest and most opportunistic market.

Latin America: Increase in the number of assembling plants for automobiles.

Middle East & Africa: Strong base oil & gas industry and rising construction activities

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Keywords:    Protective Coatings Market, Protective Coatings Market Size, Protective Coatings Market Share, Protective Coatings Market Growth, Protective Coatings Market Analysis, Protective Coatings Market Trends, Protective Coatings Industry

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