Protective coatings market is expected to witness growth owing to increased concerns towards thermal stability, durability, fire and corrosion resistance in oil & gas, construction, manufacturing and automotive industry. Gaining popularity of water borne and eco-friendly coatings is expected to have a positive impact on market growth. European Commission’s Paints Directive 2004/42/EC for limiting VOC emission, is expected to play an important role in promoting eco-friendly products demand such as powder coatings over the forecast period.
Full research report on Global Protective Coatings Market with detailed figures and charts available at:
http://www.grandviewresearch.com/industry-analysis/protective-coatings-market
Automotive industry growth in Brazil, Mexico, China and Malaysia is expected to have a positive impact on protective coatings market. Increased government funding towards improving infrastructure is expected to fuel protective coatings demand in construction and architectural applications in the near future. Increasing petroleum production in Brazil and China coupled with growing preference towards preventive maintenance is expected to promote protective coatings use in oil & gas sector. Oman Oil Company and SABIC have announced establishment of petrochemical production facilities, which are further expected to positively impact market growth.
Get more information on Global Protective Coatings Market or request for TOC of this research report at:
http://www.grandviewresearch.com/industry-analysis/protective-coatings-market/request-toc
Key market participants such as PPG Industries, BASF, AkzoNobel and Dow are focusing on new product developments. In 2013, BASF launched RELEST Powder PUR Anti-Sticker coating, with a property of anti-sticking surface protection. Application growth in construction, automotive and oil & gas industry in Asia Pacific has resulted in protective coatings market players setting up manufacturing facilities in the region. AkzoNobel and Axalta announced construction of new production facility for powder coatings in China. Indian Government’s PCPIR policy intended for promoting chemical production is expected to open new avenues for protective coatings over the forecast period.
View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information, visit: http://www.grandviewresearch.com/
Blog: http://www.dniamericas.org/
Media ContactCompany Name: Grand View Research, Inc.
Contact Person: Sherry James
Email:Send Email
Phone: 1-415-349-0058
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/protective-coatings-market
