Global Protective Coating
Resins Market is expected to grow at a significant CAGR in the upcoming years
as the scope and its applications are increasing across the globe. The key
factor that propels the growth of the Protective Coating Resins Market include
growing demand in the construction and infrastructure industries. In addition,
product & technical innovations coupled with increasing need for longer
life of devices and equipment and efficient processes is significantly fuelling
the market growth.
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On the other hand, there are
also factors that may hamper the growth of the market such as increasing prices
of energy and raw materials and stringent regulations imposed by the
government. Protective Coating Resins Market is classified on the basis of
resin type, formulation, end users, distribution channel and geography. Protective
Coating Resins Market is classified on the basis of resin type as acrylic,
alkyd, epoxy, polyurethane, polyester and other resin type such as phenolic and
fluoropolymer. Among the resin type, epoxy segment is projected to account a
dominant share in the Protective Coating Resins Market.
Protective Coating Resins
Market is classified on the basis of formulation as powder based, solvent borne
and water borne. Protective Coating Resins Market is classified on the basis of
end users as aerospace, automotive, infrastructure & construction,
industrial, marine, mining, oil & gas, power generation, and other end
users such as electronics and pulp & paper.
Among the end users, industrial segment is estimated to hold a
significant share in the Protective Coating Resins Market. Protective Coating
Resins Market is classified on the basis of distribution channel as online
stores, specialty stores and others. Protective Coating Resins Market is
classified on the basis of geography as North America, Latin America, Western
Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
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