The global protective coatings market analyst says established vendors in the market are increasing their expenditure on R&D to capture a larger proportion of the market share through new product introductions. The incorporation of potential materials such as nanoparticles in coating technologies is a relatively new concept in the market. The global nanocoatings market was valued at $2.89 billion in 2015. It is expected to reach $8.93 billion by 2020, growing at a CAGR of 25.31%. —
Complete report on protective coatings market spread across 60 pages, analyzing 5 major companies and providing 52 data exhibits are now available at http://www.reportsnreports.com/reports/769792-global-protective-coatings-market-2016-2020.html
According to the 2016 protective coatings market report, many countries are enforcing regulations to improve efficiency and reduce carbon emissions of vehicles. For instance, the US Fuel Economy Regulations have directed automakers to improve fuel economy from the current 38 miles per gallon to 54.52 miles per gallon by 2025. In addition, the European Fuel Economy Regulations aim at reducing carbon dioxide emission to 95 grams per kilometer by 2020.
The following companies are the key players in the global protective coatings market: AkzoNobel, PPG, RPM, Sherwin-Williams, and Axalta Coating Systems. Other prominent vendors in the market are: Arkema, Hempel, Jotun, Kansai, Nippon, Sika, Valspar, and Wacker Chemie. Order a copy of Global Protective Coatings Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=769792
Durability of commercial coatings is a challenge that most vendors in the global protective coatings market face. Many vendors such as A&I Coatings are focusing on the introduction of products for commercial applications such as facades. Facade coatings feature superior mechanical properties and weather resistance. This technology is going continuous innovation as vendors are investing increasingly on the R&D for the development of high-performance coatings.
The global protective coatings market is highly fragmented and competitive in nature due to the several vendors in the market space. The market comprises of both international and regional players who compete with each other for market shares. Lack of product differentiation further intensifies the competition among the vendors as local vendors offer cheaper products that attract end users while international players lose out in the price war. During the forecast period, vendors are expected to engage in mergers and acquisition to gain market shares and strengthen their foothold in the market.
Global Protective Coatings Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global protective coatings market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of protective coatings in oil and gas, infrastructure, automotive, aerospace, and other end-user applications in key regions by considering 2015 as the base year.
Further, the protective coatings market report states that new coating processes that enhance coating efficiency and reduce the consumption volume of coatings are being introduced in the market. The rising adoption of specially-designed spray guns with features such as high-volume-low-pressure and low-pressure-low-volume for automotive coating applications have decreased the volume of coatings consumed.
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