Global Protective Coating Resins Market is growing at a CAGR of 3.80% from 2017 to 2025.

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Summary

The global Protective Coating Resinsmarket was valued at USD 18.08billion in 2016 and is projected to reach USD 25.29billionby 2025, growing at a CAGR of 3.80% from 2017 to 2025. 

Press Release

The global Protective Coating Resinsmarket was valued at USD 18.08billion in 2016 and is projected to reach USD 25.29billionby 2025, growing at a CAGR of 3.80% from 2017 to 2025. 
Protective coatings are in huge demand owing to requirement for resistance against abrasion and harmful effects of chemicals. The growing demand in industrial and automotive equipment is driving market demand. Epoxy type is used extensively as it contains low VOC content and exhibits excellent corrosion resistance properties

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Market Dynamics:
1. Market Drivers
1.1 Increasing demand from construction industry
1.2 Need of efficient processes and longer life of equipments
2. Market Restraints
2.1 High costs associated with materials and utilities

Market Segmentation:
The global Protective Coating Resinsmarket is segmented on the resin type, formulation, application, and region.
1. By Resin Type:
1.1 Epoxy
1.2 Acrylic
1.3 Alkyd
1.4 Polyester
1.5 Polyurethane
1.6 Others

2. By Formulation:
2.1 Water Borne
2.2 Solvent Borne
2.3 Others

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3. By Application:
3.1 Industrial
3.2 Building and Construction
3.3 Aerospace
3.4 Automotive
3.5 Marine
3.6 Power Generation
3.7 Oil and Gas
3.8 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America) 
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. PPG Industries
2. Hempel A/S
3. Akzonobel NV
4. Axalta Coating Systems
5. The Sherwin Williams Company
6. Vlaspar Corporation
7. Arkema SA
8. RPM International
9. Sika AG
10. Wacker Chemie AG

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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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