Chemical resistant coatings market size is expected to grow at a compound annual growth rate of 5.4% for the forecast period of 2021 to 2028. Data Bridge Market Research report on chemical resistant coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The increasing demand for epoxy resin is expected to influence the growth of the chemical resistant coatings market. In addition to this, the rise in the applications in the end-use industries due to its benefits such as high protective output and its ability protect materials and structures in the chemical environment and the expansion of oil and gas activities are also anticipated to act as key determinants favouring the growth of the chemical resistant coatings market over the forecast period of 2021 to 2028. Also, the growing investments in the infrastructure and construction industry are also expected to generate new opportunities of the chemical resistant coatings market. However, the high costs and fluctuations in fluoropolymer prices are likely to act as key restraints towards chemical resistant coatings market growth rate in the forecast period of 2021 to 2028, whereas increasing governmental regulations regarding VOC Emissions can challenge the growth of the chemical resistant coatings market in the above mentioned forecast period.
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Chemical resistant coatings is a basically a paint or a coating that are applied to provide protection against chemicals which are available in a wide range of formulations, suited to different applications. Some of the chemical resistant coatings also avoid the corrosion of the structures and metals.
The choice of coating is further complicated by extra requirements such as high abrasion resistance, or sufficient lack of friction. Chemical resistant coatings have used in different industries such as construction, wastewater treatment, petrochemical, etc. There are the other kinds of chemical resistant coatings resins are used in the coating to avoid the corrosion of the structures and metals.
The major players covered in the chemical resistant coatings market report are Metal Coatings, Delta Coatings & Linings, Rawlins Paints, Crossroad Coatings, Protexion, ITW Polymers Sealants, PPG Industries, Inc., BASF SE, The Sherwin-Williams Company, Jotun, Kansai Paint Co.,Ltd., , Hempel A/S, TW Polymers Sealants, The VersaFlex Companies, Wacker Chemie AG, ClearChoice, Inc (SDC), SpecialChem, ENECON Corp., Akzo Nobel N.V, Tnemec, Topkrete Sdn Bhd, AkzoNobel Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Chemical Resistant Coatings Market Report:
Chemical resistant coatings market is segmented on the basis of resin, technology and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin, the chemical resistant coatings market is segmented into epoxy, polyester, polyurethane, fluoropolymers and others.
- On the basis of technology, the market is segmented into solvent-borne, water-borne, 100% solids, powder and others.
- On the basis of end user, the market is segmented into chemical, oil and gas, marine, construction and others.
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Chemical Resistant Coatings Market Regional Analysis/Insights
The Chemical Resistant Coatings market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Chemical Resistant Coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Chemical Resistant Coatings within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Chemical Resistant Coatings market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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