2K Protective Coatings Market Research Report by Resin Type, by End-use Industry, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19
2K Protective Coatings Market Research Report by Resin Type (Acrylic, Alkyd, Epoxy, and Polyurethane), by End-use Industry (Civil Building and Infrastructure, Food and Beverage Plants, Marine, Petrochemical, and Power Generation), by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19
May 14, 2021 08:04 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, May 14, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report 2K Protective Coatings Market Research Report by Resin Type, by End-use Industry, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19 - https://www.reportlinker.com/p06072099/?utm source=GNW
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CHICAGO, May 11, 2021 /PRNewswire/ In-depth analysis and data-driven insights on the impact of COVID-19 included in this global waterborne coatings market report.
The global waterborne coatings market is expected to grow at a CAGR of over 5% during the period 2020−2026.
Key Highlights Offered in the Report:
The major driver of waterborne coatings markets includes the growth of the construction sector, infrastructure development, the automotive industry, packaging, and various other end-use industries such as marine, aerospace, and aircraft.
Acrylic resins are widely used in the manufacturing of water-borne coatings industry due to their excellent properties of UV and weather resistance.
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The global decorative coatings market by revenue is expected to grow at a CAGR of over 5% during 2021-2026.
The introduction of anti-microbial coatings is expected to boost the global decorative paints market growth. These coatings use chemicals to prevent the growth of disease-causing micro-organisms. They provide lasting and effective protection against harmful bacteria, mold, and fungi.
A growing concern for cleanliness in several surroundings has led to the continued growth of the market. Due to the outbreak of the COVID-19 pandemic and the growth of healthcare-associated infections (HAIs), the importance of anti-microbial decorative coating has grown significantly. Hospitals, schools, and food production facilities are experiencing the high application of anti-microbial paints as these places are susceptible to bacterial and microbial growth.
Global Decorative Coatings Market Outlook 2021-2026 - Construction and Rapid Urbanization / New Technologies / Remodelling and Repaint in Construction / Introduction of DIY Paint prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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The global powder coatings market by revenue is expected to grow at a CAGR of approx. 6% during 2020-2026.
The global powder coating market size was valued at USD 9.7 billion in 2020 and is expected to reach USD 14 billion by 2026, exhibiting a compound annual growth rate (CAGR) of 6% during 2021-2026. The market is expected to grow 1.4 times during the forecast period.
APAC is the largest contributor to the market. China holds the largest share in the market as there are over 500 producers with small-scale operations supplying powder coatings to the local market. The APAC market will witness the highest growth due to the increasing construction and infrastructure activities during the forecast period.