Global Protective Coating Resins Market 2017-2021

Overview of the global protective coating resins market

Technavio's market study identifies the growing maritime transportation to be one of the primary growth factors for the protective coating resins market. Majority of the trade transportation is carried out through the sea route as it is cost-effective. Seaborne trade and freight are the primary contributors to the world's economic contribution. Developing countries are increasingly deploying LNG carriers and container ships. As protective coating resins are primarily used in maritime transportation, the increasing maritime trade will contribute to the growth of this market. The market analysts estimate that the market will grow steadily at a CAGR of almost 5% by 2021.

Waterborne coating resins contain several incomparable features such as lower volatile organic compound (VOC), low toxicity, and air emissions. As waterborne resins are less dependent on additives, thinners, and hardeners, they are deemed to be cost-effective. The marine, coil, wood, metal packaging, and printing ink industries are the primary end users of the waterborne coating resins. Consequently, the increasing demand for waterborne coating resins is identified to be one of the key trends contributing towards the growth of the protective coating resins market.

What's your takeaway?

Technavio's industry research report titled, Global Protective Coating Resins Market, will help you-

• Identify latent opportunities and explorative solutions in the protective coating resins market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The presence of several key international and regional players is rendering the market highly fragmented. Consequently, the market is intensely competitive with high barriers for new entrants. The competition among the vendors will increase influenced by the increasing R&D investments, advances in technology, and new product development. The vendor's performance is impacted by the intense price competition. Resin coating vendors must offer efficient and dependable logistics solutions to cater to the customers? demand.

The leading vendors in the market are -

• Akzo Nobel
• Axalta Coatings systems
• RPM International
• The Dow Chemical Company
• The Sherwin-Williams Company

The other prominent vendors in the market are Arkema Group, allnex group, Hempel, Jotun, and Sika.

Segmentation by end user and analysis of the protective coating resins market

• Construction
• Automotive
• Oil and gas
• Marine
• Industrial
• Power generation
• Mining

Industrial epoxy floor coatings are used primarily used by the construction industry for attaining good surface penetration, providing good adhesion to the coatings, UV resistance, anti-corrosive properties, and durability of the protective coats. Additionally, increasing investment in developing infrastructure in APAC and Middle East will contribute to the growth of this segment.

Geographical segmentation and analysis of the protective coating resins market

• Americas
• APAC
• Europe
• ROW

The exponentially growing automotive and expanding construction industries in APAC are the primary end users of protective coating resins. The increasing demand for epoxy resin coating in this region is mainly influenced by the increasing urbanization and industrialization and the rising government investments in India and China.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global protective coating resins market?
• What are the key market trends impacting the growth of the global protective coating resins market?
• What are the challenges to market growth?
• Who are the key vendors in the global protective coating resins market?
• What are the market opportunities and threats faced by the vendors in the global protective coating resins market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW.
• What are the key outcomes of the five forces analysis of the global protective coating resins market? 

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