Performance coating refers to varnishes that are applied to enhance the physical properties of different surfaces. The performance coating is resistant to corrosion, abrasion and high temperatures. Due to an effective environment friend technology used in its production, this coating come in a variety of combination. It can be applied to the minute sized components as well. The performance coating is widely utilized in the fields of automotive, aerospace, power and industrial coatings. It has a good record of adjusting with the surfaces. It can also be applied on the walls, railings and floors.
MARKET DYNAMICS
The increase in the construction activities in United States and Asia Pacific drives the growth of the performance coating market. Besides this, exceptional resistance to abrasion & resistance along with high impact resistance drives the market growth. However, the health effects associated with the exposure to performance coating restricts the fruitful development of the performance coating market. Rise in investments in the transportation, communication and power infrastructure is expected to bolster well the market for the performance coating in the near future.
MARKET SCOPE
The "Global Performance Coating Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the performance coating market with detailed market segmentation by resin, coating technology, end user industry and geography. The global performance coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading performance coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global performance coating market is segmented on the basis of resin, coating technology and end user industry. On the basis of resin, the performance coating market is segmented into epoxy, silicone, acrylic, polyester, alkyd, polyurethane, fluoropolymer and others. As per coating technology the market is broken into solvent based, water based and powder based. The market as per end user industry is bifurcated into building & construction, automotive & transportation, aerospace & defense, consumer goods, wood industry and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global performance coating market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The performance coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the performance coating market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the performance coating market in these regions.
MARKET PLAYERS
The reports cover key developments in the performance coating market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from performance coating market are anticipated to lucrative growth opportunities in the future with the rising demand for performance coating market in the global market. Below mentioned is the list of few companies engaged in the performance coating market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the performance coating market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel NV
- BASF SE
- Hempel A/S
- Jotun
- Kansai Nerolac Paints Limited
- Nippon Paint Corporation Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sherwin- Williams Company
- The Chemours Compan
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