The global protective-paints market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The rising usage of protective paints in construction industry is driving the growth of the global protective-paints market. For instance, in January 2019, the China Railway Corporation announced plans to build 6,800 km of the new railway line, including 3,200 km of high-speed rail, representing a 40.0% increase in new track construction from 2018. In the construction industry, protective paints are used for flooring, wood finishes, interior and exterior walls, bridges, swimming pools, doors, and ceilings which in turn driving the market growth.
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Protective paints are used to increase the longevity and stability of structures by forming a thin layer on the surfaces to which they are applied. Bridges, highways, and infrastructure projects, require long-term stability and the ability to withstand harsh weather conditions, such as acid rain. Moreover, the civil construction and infra industry is the most rapidly growing end-use industry for protective paints.
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Looking towards the high demand for protective-paints key manufacturers of Protective-paints agents are adopting several market growth strategies such as mergers & acquisitions, partnerships, and new product launches among others to meet the growing demand for dental biomaterials of dental consumables. For instance, in December 2019, Jotun has formed a partnership with Hong Kong’s leading shipping company, COSCO shipping. This collaboration provides mutual benefit to both parties. The company combines Jotun’s innovative, high-performance coatings technology with COSCO’s infrastructure, industry, and expertise, while Jotun will benefit from COSCO’s valued reputation in the key market of China.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Technology
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Sherwin-Williams Co., PPG Industries, Inc., Jotun, Akzo Nobel N.V., Kansai Paint Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Protective-Paints Market Report by Segment
By Type
- Epoxy
- Polyurethane
- Vinyl Ester
- Polyester
- Others
By Technology
- Water-borne
- Solvent-borne
- Powder
- Others
By End-User
- Oil and Gas
- Mining
- Power
- Infrastructure
- Others
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