2K Protective Coatings Market Size, Share, Growth, Forecast 2030

2K Protective Coatings Market

2K Protective Coatings Market - By Resin Type (Epoxy, Alkyd, Polyurethane, and Acrylic), By End-Use Industry (Cargo Containers, Marine, Oil & Gas, Power Generation, Waste Water Treatment, and Petrochemical), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Chemical & Materials Report Format : PDF Pages: 130 Report Code: ZMR-6289 Published Date: May-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 7.1 Billion USD 11.2 Billion 5% 2019

The global 2K Protective Coatings market accrued earnings worth approximately 7.1(USD Billion) in 2019 and is predicted to gain revenue of about 11.2(USD Billion) by 2026, is set to record a CAGR of nearly 5% over the period from 2020 to 2026.

The report offers assessment and analysis of the 2K Protective Coatings market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

2K Protective Coatings Market: Overview

These products are stiff and provide resistance against humidity, alkali, abrasion, seawater, and acid. Furthermore, these products have distinct features including low volatility and are utilized as water cleaning agents. These unique characteristics help these coatings fit to be utilized for metallic surfaces including Aluminum and Cast Iron.

Global 2K Protective Coatings MarketRequest Free Sample

2K Protective Coatings Market: Growth Dynamics

Thriving construction activities as well as real estate sector has prompted the expansion of 2K protective coatings industry over 2020-2026. Surge in of use of 2K protective coatings in residential & commercial sectors as well as for building strong road as well as rail infrastructure will drive the market growth during the forecast period. Apparently, these products play a vital role in improving the lifespan of buildings, durability of swimming pools, and road protection from rusting, hard water, the urbanization witnessed in the emerging economies, thereby further steering the growth of 2K protective coatings industry. Escalating demand for epoxy resin has resulted in massive use of the product in 2K protective coatings, thereby enhancing the market size in the recent years.

Furthermore, massive product usage in oil & gas, marine, chemical & specialty chemical, waste water treatment, and power generation sectors will proliferate the expansion of 2D protective coatings market in the foreseeable future. With growing environmental concerns, firms, as a part of their corporate social responsibility, are focusing on manufacturing green products to minimize the degradation of environment and this, in turn, will further embellish the business growth over the assessment period.

2K Protective Coatings Market: Report Scope

Report Attributes Report Details
Report Name 2K Protective Coatings Market Research Report
Market Size in 2019 USD 7.1 Billion
Market Forecast in 2026 USD 11.2 Billion
Growth Rate CAGR of 5%
Number of Pages 210
Key Companies Covered RPM International Inc., Hempel A/S, Jotun A/S, Kansai Paint Co., Ltd., Nippon Paints Holdings Co. Ltd., Chugoku Marine Paints Ltd., AkzoNobel N.V., Sika AG, PPG Industries , and The Sherwin-Williams Company
Segments Covered By End-Use Industry, By Process and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2017 to 2019
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Competitive Landscape

Key players influencing market growth are RPM International Inc., Hempel A/S, Jotun A/S, Kansai Paint Co., Ltd., Nippon Paints Holdings Co. Ltd.,  Chugoku Marine Paints Ltd., AkzoNobel N.V., Sika AG, PPG Industries , and The Sherwin-Williams Company.

Regional Landscape

Asia Pacific Market To Acquire Numero Uno Position Over 2020-2026

The expansion of 2D protective coatings industry in APAC over the assessment period is owing to large number of foreign direct invests in the region due to favorable government policies. Apart from this, easy availability of land and low labor charges has encouraged the firms based in the U.S. and Europe to set up their manufacturing units in the countries such as India and China.

Global 2K Protective Coatings Market SizeRequest Free Sample

This will steer the market growth in the region over the forthcoming years. With thriving power sector as well as launching of new solar energy products aided by government initiatives in India, Japan, Singapore, Philippines, Taiwan,  and China is likely to culminate into large-scale penetration of the product in the sub-continent.

2K Protective Coatings Market: Competitive Space

The global 2K Protective Coatings market profiles key players such as:

  • RPM International Inc
  • Hempel A/S
  • Jotun A/S
  • Kansai Paint Co., Ltd.
  • Nippon Paints Holdings Co. Ltd.
  • Chugoku Marine Paints Ltd.
  • AkzoNobel N.V.
  • Sika AG
  • PPG Industries
  • The Sherwin-Williams Company

The global 2D Protective Coatings Market is segmented as follows:

By End-Use Industry

  • Cargo Containers
  • Marine
  • Power Generation
  • Waste Water Treatment
  • Petrochemical
  • Oil & Gas

By Process

  • Epoxy
  • Alkyd
  • Polyurethane
  • Acrylic

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Thriving construction activities as well as the real estate sector has prompted the expansion of 2K protective coatings industry over 2020-2026. Surge in of use of 2K protective coatings in residential & commercial sectors as well as for building strong road as well as rail infrastructure will drive the market growth during the forecast period. Apparently, these products play a vital role in improving the lifespan of buildings, durability of swimming pools, and road protection from rusting, hard water, the urbanization witnessed in the emerging economies, thereby further steering the growth of 2K protective coatings industry. Escalating demand for epoxy resin has resulted in massive use of the product in 2K protective coatings, thereby enhancing the market size in the recent years.

Furthermore, massive product usage in oil & gas, marine, chemical & specialty chemical, waste water treatment, and power generation sectors will proliferate the expansion of 2D protective coatings market in the foreseeable future. With growing environmental concerns, firms, as a part of their corporate social responsibility, are focusing on manufacturing green products to minimize the degradation of environment and this, in turn, will further embellish the business growth over the assessment period.

According to Zion market research report, the global 2K Protective Coatings market accrued earnings worth approximately 7.1(USD Billion) in 2019 and is predicted to gain revenue of about 11.2(USD Billion) by 2026, is set to record a CAGR of nearly 5% over the period from 2020 to 2026.

Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is owing to large number of foreign direct invests in the region due to favorable government policies. Apart from this, easy availability of land and low labor charges has encouraged the firms based in the U.S. and Europe to set up their manufacturing units in the countries such as India and China. This will steer the market growth in the region over the forthcoming years. With thriving power sector as well as launching of new solar energy products aided by government initiatives in India, Japan, Singapore, Philippines, Taiwan,  and China is likely to culminate into large-scale penetration of the product in the sub-continent. 

The key market participants include RPM International Inc., Hempel A/S, Jotun A/S, Kansai Paint Co., Ltd., Nippon Paints Holdings Co. Ltd., Chugoku Marine Paints Ltd., AkzoNobel N.V., Sika AG, PPG Industries , and The Sherwin-Williams Company.

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