From 2016 to 2021, sales of 2K protective coatings surged at a 4% value CAGR, with the market concluding at US$ 8.73 billion. 2K protective coatings play an important role towards enhancing the life of buildings, swimming pools, marine projects and roads by protecting them from rust, acid rain, grow...
From 2016 to 2021, sales of 2K protective coatings surged at a 4% value CAGR, with the market concluding at US$ 8.73 billion. 2K protective coatings play an important role towards enhancing the life of buildings, swimming pools, marine projects and roads by protecting them from rust, acid rain, growth of algae & fungi and adverse climatic conditions.
Demand for epoxy resins has especially increased, due to its various benefits including enhancement of durability of coating as compared to other coatings. Besides, epoxy resins are more effective in protecting surfaces from humidity, acid, alkali and seawater. Epoxy resin is mostly used for marine projects to protect them from any unwanted damage.
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Key Takeaways from the Market Study:
“As the demand for incorporating construction material which is immune to adverse abiotic environmental factors increases, deployment of 2K protective coatings is rising immensely, providing major growth opportunities for manufacturers,” remarks an analyst at Fact.MR
Leading Players Driving Innovation in the 2K Protective Coatings Market
Key industry participants like Lincoln; Middleby Corporation; Italforni USA; Picard Ovens Inc.; Davron Technologies Inc.; Star Manufacturing; Wisconsin Oven Corporation; Zanolli; Ovention, Inc.; Mahan OvAkzo Nobel N.V.; PPG Industries; The Sherwin Williams Company; Jotun A/S; Hempel A/S; Chukogu Marine Paints Ltd.; Nippon Paints Holdings Co. Ltd.; Kansai Paint Co. Ltd.; Sika AG; RPM International Inc.; Axalta Coating Systems, LLC; Dulux Group; BASF SE; Parker Hannifin Corp.; Berger Paints India Ltd.; Tnemec Company, Inc.; Cloverdale Paint Inc.; Teknos Group OY; Benjamin Moore & Co.; Shawcore; Noroo Paint & Coatings Co. Ltd.; Premium Coatings and Chemicals Pvt. Ltd.; Weilburger Coatings GmbH; Guangdong Maydos Building Materials Limited Company; Fosroc, Inc.en & Engineering Co. Inc.; Infratrol LLC; Doyon; Moretti Forni; LEWCO, Inc. etc. are driving the 2k protective coatings industry.
Competitive Landscape
Majority of the companies discussed in the report have focusing on investing to expand their business and launch of new product line in 2K protective coating market and continuously doing research and development. Some of the key development are:
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More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global 2K protective coatings market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of resin type (epoxy, polyurethane, alkyd, acrylic and others), end user (oil & gas exploration, petrochemicals, marine, cargo containers, power generation, water treatment, building and infrastructure, food and beverage production units and others) and application (abrasion resistance, chemical resistance, fire protection, heat resistance, corrosion protection, pipe coatings and tank linings) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).
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A protective coating is a layer applied to surfaces to prevent damage from environmental factors, corrosion, and wear, enhancing the durability and lifespan of materials such as buildings and vehicles.
Epoxy resin is a type of synthetic resin known for its strong adhesive properties and resistance to chemicals and moisture, commonly used in protective coatings and construction materials.
Market value refers to the current worth of a company or asset, determined by the price at which it can be bought or sold in the marketplace.
CAGR, or Compound Annual Growth Rate, is a measure used to describe the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
Demand in economics refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.
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