Research Nester assesses the growth of global 2K protective coatings market which is anticipated to be on account of the growing importance construction processes across the world and rising vehicle demand.
New York – November 2, 2022 - Research Nester’s recent market research analysis on “2K Protective Coatings Market: Global Demand Analysis Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global 2K protective coatings market in terms of market segmentation by resins, end-use industry, application, and by region.
Growing Need of Residential and Non-Residential Building Construction to Drive Growth of Global 2K Protective Coatings Market
The demand for construction of new infrastructure and rising spending on the maintenance of the existing infrastructure is expected to drive the market growth of 2K protective coatings. Other than construction industry, protective coating is widely used in various end-use industries including oil and gas, aerospace, industrial, marine, power generation, mining, and others. The coating is applied over various surfaces to ensure protection from the external environment and harsh effects that could damage the function or integrity of an item or part.
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The market research report also includes other growth factors and challenges that are associated with the growth of the global protective coatings market. Some of the major growth indicators are:
Surge in Government Support
Increased Research Development Expenditure
The high prices of raw materials and energy along with the rising stringent governmental rules and concern regarding the toxic nature are some of the major factors anticipated to hamper the growth of the global 2K protective coatings market. Despite of the numerous restraint factors associated with the growth of the market, Research Nester’s analysis indicates a robust growth for the market during the forecast period
The market research report on global 2K protective coatings encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
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By end-use industry, the global 2K protective coatings market is segmented into oil gas, petrochemical, marine, cargo containers, power generation, water and waste treatment. Out of this, the oil gas segment is attributed to garner the highest market share by 2035, owing to high consumption of oil and petroleum products.
By region, the Asia Pacific 2K protective coatings market is to generate the highest revenue by the end of 2035. This growth is rising construction sector and automotive industry in the region. Also, the rise in disposable income, GDP level and construction industry are some of the other factors that is anticipated to increase the adoption rate of wood coating.
The research is global in nature and covers detailed analysis on the protective coatings market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global 2K protective coatings market size, Y-O-Y growth opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global 2K protective coatings market which includes company profiling of PPG Industries, Inc., Akzo Nobel N.V., Hempel A/S, Jotun A/S, Sherwin-Williams, BASF, DuluxGroup Limited, Axalta Coating Systems, RPM International Inc., Sika AGand others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 2K protective coatings marketthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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