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1 MarketsandMarkets Publisher Sample Phone: (US) or or (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST MarketResearch.com

2 GLOBAL PROTECTIVE COATINGS MARKET BY RESIN Type (Alkyd, Acrylic, Epoxy, Polyurethane, Polyester, & Others), BY TECHNOLOGY (Solvent-borne, Waterborne, Powder, & Others), BY APPLICATION & BY REGION - Global Trends & Forecast To

3 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. 2

4 3. PREMIUM INSIGHTS 3

5 PREMIUM INSIGHTS 3.1 Figure 5 MARKET SEGMENTATION Global Protective Coatings Market, By Segment Protective Coatings Market Segmentation Resin Type Technology Application Region Epoxy Solvent-borne Construction Asia-Pacific Alkyd Waterborne Automotive Europe Acrylic Powder Oil & Gas North America Polyurethane Others Product Finishes RoW Polyester Aerospace Others Others Decreasing Order of Revenue Source: MarketsandMarkets Analysis Source: Chemical Weekly, ICIS, Factiva, Paints & Coatings Industry Journals & Magazines, Government Websites, Company Websites, Company Annual Reports, Expert Interviews, and MarketsandMarkets Analysis 4

6 PREMIUM INSIGHTS 3.2 Figure 6 PROTECTIVE COATINGS MARKET SHARE, 2013 Protective Coatings Market Share (Volume), By Resin Type, Technology & Application, 2013 Market Share (%) % % % % % % % % % % % % % % % % Technology Resin Type Application 2013 Solvent borne Alkyd Construction Water borne Acrylic Oil & Gas Powder Epoxy Automotive Others Polyurethane Aerospace Polyester Product Finishes Others Others Source: MarketsandMarkets Analysis Source: Chemical Weekly, ICIS, Factiva, Paints & Coatings Industry Journals & Magazines, Government Websites, Company Websites, Company Annual Reports, Expert Interviews, and MarketsandMarkets Analysis 5

7 PREMIUM INSIGHTS 3.3 Figure 7 PROTECTIVE COATINGS MARKET TREND & FORECAST, BY REGION Protective Coatings Market Share (Volume), By Region, (Kilotons) Consumption (KT) Asia-Pacific Consumption (KT) Rest of the World Brazil Rest of RoW Consumption (KT) Europe Germany France U.K. Russia Rest of Europe North America Europe Asia-Pacific RoW Consumption (KT) North America U.S. Canada Mexico Source: MarketsandMarkets Analysis Source: Chemical Weekly, ICIS, Factiva, Paints & Coatings Industry Journals & Magazines, Government Websites, Company Websites, Company Annual Reports, Expert Interviews, and MarketsandMarkets Analysis 6

8 PREMIUM INSIGHTS 3.4 Figure 8 PROTECTIVE COATINGS MARKET ATTRACTIVENESS, BY RESIN TYPE Protective Coatings Market Attractiveness, By Resin Type, CAGR % ( ) INSIGHTS Epoxy resins are widely used in protective coatings due to its high performance corrosion protection and chemical resistance properties The rising demand in product finishing, industrial, and domestic applications has resulted in the increased demand of alkyd resins in the protective coatings industry Market Size ($Million), 2014 The bubble size represents market size ($Million), 2019 Source: MarketsandMarkets Analysis Source: Chemical Weekly, ICIS, Factiva, Paints & Coatings Industry Journals & Magazines, Government Websites, Company Websites, Company Annual Reports, Expert Interviews, and MarketsandMarkets Analysis 7

9 4. MARKET OVERVIEW 8

10 MARKET OVERVIEW 4.2 Figure 11 VALUE CHAIN ANALYSIS Global Protective Coatings Market: Value Chain Analysis Acrylic Alkyd Epoxy Polyurethane Polyester and others Raw Materials Protective Coatings Manufacturers Akzo Nobel PPG Industries Sherwin Williams Inc. Jotun The Kansai Paints Co. Ltd. and others Construction Oil & Gas Automotive Aerospace Product Finishes Power plants and others End-use Industries Source: Secondary Research, and MarketsandMarkets Analysis 9

11 MARKET OVERVIEW 4.3 MARKET DYNAMICS Drivers Growing demand in end-user industries: Protective coatings have recorded a significant growth due to a rapid boom in the infrastructure sector Growing inclination toward the oil & gas industry and rapid growth in the automotive sector have accelerated the use of protective coatings DRIVERS Increased demand for efficiency: Protective coatings offer advantages of improved quality, cost advantages over the substitutes, and easy availability The usage of protective coatings is bound to increase in future due to the benefits they offer, thus driving the growth of this market at a substantial rate Development and modernization of infrastructure: Surge in development of infrastructure, especially in underdeveloped and the growing countries, is driving the growth in the protective coatings market Source: MarketsandMarkets Analysis 10

12 MARKET OVERVIEW Restraints Fluctuating cost of raw materials: From rising energy costs to unexpected fluctuations in raw material price levels, unforeseen obstacles are destabilizing supply chains and making it difficult for the protective coatings manufacturers to deliver quality products at low prices RESTRAINTS Stringent environmental regulations: Environmental regulations such as REACH, LEED, Green Seal, and VOCs (volatile organic compounds) are being implemented to cut down the usage of the solvent-borne technology in the protective coatings market Source: MarketsandMarkets Analysis 11

13 MARKET OVERVIEW Opportunities Potential in emerging economies: Emerging economies such as China, India, Brazil, and so on represent high unexplored potential for market participants and are expected to grow at a higher rate in the near future The increasing income and purchasing power in the developing countries of Asia-Pacific and RoW are particularly responsible for prompting higher purchase of protective coatings in construction, automotive, oil & gas, aerospace, product finishes, and other applications Source: MarketsandMarkets Analysis 12

14 8. MARKET ANALYSIS, BY REGION 13

15 MARKET ANALYSIS, BY REGION Strong growth in the infrastructure and automotive sectors in emerging economies may assure future growth in the protective coating industry. North America Recovery after long recession The aerospace industry to grow more in the next few years driving the protective coatings market Europe Germany and France growing at a slow pace Slow pace demand in the European region Asia-Pacific Strong growth in emerging nations such as India and China Focus on construction, automotive, and product finishes industries Rest of the World Dominated by Brazil driven by Olympics and World Cup, and growth in energy and infrastructure Expected to grow moderately in the next five years Source: Chemical Weekly, ICIS, Factiva, Paints & Coatings Industry Journals & Magazines, Government Websites, Company Websites, Company Annual Reports, Expert Interviews, and MarketsandMarkets Analysis 14

16 9. COMPETITIVE LANDSCAPE 15

17 COMPETITIVE LANDSCAPE Figure 17 Major Developments in the Global Protective Coatings Market Protective Coatings Market, By Growth Strategy, * Investments & Expansions New Product Launches Mergers & Acquisitions Agreement & Partnership Others Major companies in this market used organic growth strategies such as new product launches to increase their product portfolio, market share, and global reach From 2010 to 2014, new product launches were the key development strategies, accounting for a share of %, followed by investments and expansions at %; agreements and partnerships at %; mergers and acquisitions at %; and others accounted for a share of % * April 2014 Source: MarketsandMarkets Analysis 16

18 COMPETITIVE LANDSCAPE Figure 18 Protective Coatings Market Developments, By Growth Strategy, * Number of developments Investments and Expansions New Product Launches Mergers and Acquisitions Agreement and Partnership Others * April 2014 Source: MarketsandMarkets Analysis 17

19 COMPETITIVE LANDSCAPE Figure 21 Growth Strategies of Major Companies, Merger & acquisitions Investments & expansions ` Partnership & agreement New product launches Akzo Nobel N.V. PPG Industries Inc. Sika AG The Sherwin-Williams Company Jotun The Valspar Corporation Hempel Group Source: MarketsandMarkets Analysis 18

20 DISCLAIMER Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge when ordering that MarketsandMarkets strategic analysis services are for our customers internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or users. No part of this strategic analysis service may be given, lent, resold or disclosed to non-customers without written permission. Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited. 19

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