Protective Coatings Market Growing at 4% CAGR to 2021 led by Polyester Segment

PUNE, India, August 29, 2016 /PRNewswire/ --

The protective coatings market size is estimated to reach $ 21.47 billion by 2021, registering a CAGR of 4% between 2016 and 2021 driven by growing popularity of various types of protective coatings such as alkyd, acrylics, epoxy, polyurethane, and polyester while Asia-Pacific is to dominate the global protective coatings market.

Complete report on global protective coatings market spread across 240 pages, profiling 10 companies and supported with 226 tables and 75 figures is now available http://www.reportsnreports.com/reports/292785-protective-coatings-market-by-resin-type-alkyd-acrylic-epoxy-polyurethane-polyester-others-by-technology-solvent-borne-water-borne-powder-others-by-application-construction-oil-gas-automotive-aerospace-product-finishes-others.html .

The polyester protective coatings segment is estimated to witness the highest growth in the overall protective coatings market. The rising demands for protective coatings with excellent chemical and corrosion resistant properties drive the market for this segment. Polyester protective coatings are used in the marine industry, as it offers exceptional chemical, salt, and abrasion resistance. Polyester protective coatings offer good dielectric properties with excellent humidity and are cost-effective.

In 2015, Asia-Pacific dominated the protective coatings market due to rapid growth of infrastructure & construction and automotive industries. The Asia-Pacific region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India. China is the largest market for protective coatings globally with major demand from the infrastructure & construction and marine industries. Growing innovation & development and rising demand in the industrial sector for novel and improved products are directly affecting the rise in the use of protective coatings. High growth and innovation, along with industry consolidations, are expected to lead to a prospective future for the industry in the region.

The key companies profiled in this market research report are PPG Industries (U.S.), RPM International (U.S.), Axalta Coatings Systems (U.S.), The Sherwin-Williams Company Limited (U.S.), AkzoNobel NV (Netherlands), Arkema SA (France) Valspar (U.S.), Wacker Chemie AG (Germany), Sika AG (Switzerland), and Hempel A/S (Denmark). Order a copy of Protective Coatings Market by Resin type (Epoxy, Alkyd, Acrylic, Polyurethane), Formulation (Solvent-borne, Water-borne, and Powder), End-use industry (Industrial, Oil & gas, Marine, Automotive, Mining) and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=292785 .