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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.
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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 -
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
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
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.
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This industry research report on the global protective coating resins market by Technavio is an integral part of the chemicals and materials portfolio and offers insights into the major trends and evolving drivers inducing the growth of the paints, coatings, and pigments industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.
Our market research analysis includes qualitative and quantitative research techniques like vendor analysis, drivers, challenges and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various paints, coatings, and pigments products and services and offers an all-inclusive picture of the global protective coating resins market for the estimated period of 2017-2021.
Our market research experts have predicted that the increasing demand for protective coatings in emerging markets and the high demand for industrial equipment and machinery in automotive, and infrastructure and construction industries may influence the demand for protective coating resins in the coming years. This upcoming market research report on the global protective coating resins market also covers vendors like BASF SE, Dow Corning, Kisco Limited, and The Dow Chemicals Company (U.S.). Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global protective coating resins market also covers geographies like the North America, APAC, EMEA, and ROW.
The upcoming industry report on the global protective coating resins market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like specialty chemicals and textile, fiber, and composites. Furthermore, this report also presents insights into the varying competitive landscape and gives clients a realistic picture of the future direction of the industry.
Our market research methodology for the protective coating resins market
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Market segmentation by geography
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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