United States, Rockville MD, June 20, 2022 (GLOBE NEWSWIRE) -- The global market for 2K protective coatings is forecast to register a 5% value CAGR from 2022 to 2032, expected to reach a valuation of US$ 14.66 Billion, according to a recently recalibrated study published by Fact.MR. As of 2022, the industry is poised to document a market value of US$ 9 Billion. Demand is likely to accelerate on the back of extensive applications in the civil and commercial construction industry.
From 2016 to 2021, sales of 2K protective coatings market 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.
For Critical Insights on 2K Protective Coatings Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=5857
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 damages.
Prominent Growth Drivers Influencing 2K Protective Coating Deployment
Increasing demand from the civil construction and infrastructure industries
In the civil construction industry, 2K protective coatings are used for wood finishes, flooring, interior and exterior walls, bridges, swimming pools, doors, and ceilings. 2K protective coatings form a thin layer on the surfaces to which they are applied and are used to increase the structure's longevity and stability.
Bridges, highways, and infrastructure projects require long-term stability as well as the ability to withstand harsh weather conditions such as acid rain. Structure degradation causes rusting of metal surfaces, fading, cracking of the concrete, leaks, and the growth of microorganisms such as algae and fungi. These can have an immediate or indirect impact on the life of a building and raise the cost of replacement and maintenance.
Waterproofing coatings are typically applied to the walls and floors of bathrooms, kitchens, hotels, and swimming pools to prevent leaks and moisture deterioration. In the Asia-Pacific region, the infrastructure and construction industries are expanding rapidly. APAC is one of the world's largest and fastest-growing infrastructure and construction markets.
To learn more about 2K Protective Coatings Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=5857
Key Segments Covered in the 2K Protective Coatings Industry Survey
- 2K Protective Coatings by Resin Type :
- Epoxy-based 2K Protective Coatings
- Polyurethane-based 2K Protective Coatings
- Alkyd-based 2K Protective Coatings
- Acrylic-based 2K Protective Coatings
- Other
- Epoxy-based 2K Protective Coatings
- 2K Protective Coatings by End User :
- Oil & Gas Exploration
- Petrochemicals
- Marine Applications
- Cargo Containers
- Power Generation
- Water Treatment
- Building And Infrastructure
- Food and Beverage Production Units
- Other End Use Applications
- Oil & Gas Exploration
- 2K Protective Coatings by Application :
- Abrasion Resistance
- Chemical Resistance
- Fire Protection
- Heat Resistance
- Corrosion Protection
- Pipe Coatings
- Tank Linings
- Abrasion Resistance
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:
- In 2021, AkzoNobel announced its partnership with Qlayers. Collaboration with Qlayer will open new possibilities in industrial coating product line for AkzoNobel.
- In 2021, Akzo Nobel N.V. acquired 100% shares of Industrias Titan S.A.U. (Titan Paints) to expand its paints business and it will help Akzo Novel to expand its business to Spain.
Get Customization on 2K Protective Coatings Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5857
Key players in the 2K Protective Coatings Market
- Akzo 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
Key Takeaways from 2K Protective Coatings Market Study
- By resin type, epoxy 2K protective coatings sales to document a 5.4% value CAGR
- Alkyd resins market demand is likely to emerge significant, registering a 5.9% CAGR
- By end user, building & infrastructure construction to yield nearly 45% revenue
- North America to yield an absolute dollar opportunity worth US$ 1.3 Billion until 2032
- Asia Pacific to be the largest revenue contributor, accounting for 1/3rd of the global market share
- Global 2K protective coatings market to flourish 1.6x from 2022 to 2032
Fact. MR’s Domain Expertise in Chemicals and Materials Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Explore More Chemical and Materials Industry Reports:
Sodium Diacetate Market - Sodium Diacetate is a sodium salt of acetic acid and has wide applications in bakery, cereals, snacks, instant food, sauces, dressings, and pet food. In meat and meat products, sodium diacetate is used as an acidity regulator.
Sodium Sulphite Market - Industrial grade sodium sulphite has covered nearly 70% of the market share, and has maintained its supremacy in the market, attributed to high end-use consumption such as chemical intermediates, oil & field recovery, bleaching, etc.
Flat Glass Market - The global flat glass market was valued at US$ 274 Bn in 2021, and is expected to gain a significant position in the market with a steady CAGR rate of 4.5% during the forecast period, 2022- 2032.
Textile Market- The global sales of textile is likely to garner a market value of US$ 995 Bn in 2022 and is expected to register a CAGR of 3.77% by accumulating a market value of US$ 1,440 Bn through the assessment period 2022-2032.
Sodium Methylparaben Market - Sodium methylparaben, also known as the sodium salt of methylparaben, is a preservative used by the pharmaceutical, food & beverage, and cosmetics & personal care industries.
Super Absorbent Polymers Market - Detailed industry analysis reveals that worldwide super absorbent polymer consumption is predicted to increase at 4.9% CAGR to reach a valuation of US$ 9.7 Bn by 2032.
Abrasives Market - The global abrasives market was valued at US$ 54.03 Bn in 2020. Consumption of abrasives is expected to increase at a CAGR of 5.5% to reach a market valuation of US$ 97.7 Bn by the end of 2031.
Biodiesel Market- The global biodiesel market reached a valuation of US$ 90.4 Bn in 2020. Demand for biodiesel is slated to rise at a CAGR of 6.9% to reach US$ 187.6 Bn by the end of 2031.
Agricultural Fumigants Market- The global Agricultural Fumigants Market is estimated at US$ 1 Bn in 2022 and is projected to reach a valuation of US$ 1.4 Bn by 2032, expanding at a CAGR of 2.8% through the forecast period of 2022-2032.
Sodium Chlorate Market - The global sodium chlorate market size has witnessed a moderate growth rate at a CAGR of 4.1% over the past half-decade.
Technical Textile Market - The global technical textile market size is estimated at US$ 220 Bn in 2022, and is forecast to reach a valuation of US$ 370 Bn by 2032, expanding at a CAGR of 5.3% over the next ten years.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter
