London, 03 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Protective Coatings Market 2015-2019, which is expected to grow at a CAGR of 9.14 percent during the period 2014-2019.
Various governments are investing in capital assets for the development of infrastructure and the development of alternative energy sources, which is propelling the demand for protective coatings in the market. The growth of various end-users such as oil and gas, automotive, and infrastructure industries are major factors boosting the demand and adoption of protective coatings.
“In an effort to differentiate their products and introduce eco-friendly products, protective coatings manufacturers are developing new coating technology-based products,” says Faisal Ghaus, Vice President of TechNavio.
“The emergence of zinc, polyurethane, and powder coating technologies is much more effective and efficient in terms of performance and cost than the epoxy resin technology.”
Key Market Drivers
- Rapid Growth in Oil and Gas Industry
- Increase in Demand for Solvent-free Coatings
- Increase in Demand from End-user Markets
Key Market Trends
- Increase in Demand for Eco-friendly Products
- Emergence of New Coating Technologies
- Globalization and Consolidation by Vendors
Key Market Vendors
- AkzoNobel NV
- Jotun AS
- PPG Industries Inc.
- Valspar Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
