SAN FRANCISCO, January 25, 2017 /PRNewswire/ --
The global protective coatings market is expected to witness significant growth over the forecast period owing to the increasing demand for anti-corrosion, thermal resistant, and durable coating formulations in the aerospace and oil & gas industries. The rising demand from key end-use segments such as oil & gas, aerospace, construction, and industrial owing to its superior properties over its counterparts is expected to propel the industry demand over the forecast period. The growing application scope of protective coatings in the aforementioned segments can be attributed to the growing need for low-VOC coating solutions, which offer resistance to wear & tear, high temperatures, and corrosion, while ensuring low maintenance costs.
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Construction dominated the industry, globally, in 2015. The growing infrastructure development in emerging countries such as India, China, Brazil, and Russia is expected to drive demand for the product in the construction end-use industry over the projected period.
Browse full research report with TOC on "Protective Coatings Market By Resin Type (Acrylic, Epoxy, Polyurethane, Alkyd), Product (Water-borne, Powder-based), End-Use (Construction, Oil & Gas, Aerospace, Industrial, Marine, Automotive, Power Generation), And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/protective-coatings-market
Further key findings from the report suggest
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Grand View Research has segmented the global protective coatings market on the basis of resin type, product, end-use, and region:
Read Our Blog - Protective Coatings Market - Increasing demand from construction industry in emerging countries to drive demand growth
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