Chemical Resistant Coating is a paint commonly applied to provide protection against chemicals.
Market Analysis and Insights: Global Chemical Resistant Coatings Market
Due to the COVID-19 pandemic, the global Chemical Resistant Coatings market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Solvent-borne accounting for % of the Chemical Resistant Coatings global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Chemical segment is altered to an % CAGR throughout this forecast period.
The epoxy-based resins are reinforced polymer composites derived from petroleum sources, after a reaction process involving epoxide units. These resins help in the development of several properties in coatings, which includes strength, durability, and chemical resistance. The fast drying, toughness, outstanding adhesion, resistance to water, good curing, make it suitable to provide protection to metals and other surfaces. They can also be used as binders for coating applications, to enhance durability of coating for floor and metal applications. Therefore, the demand for epoxy based coatings is expected to increase over the forecast period.
Global Chemical Resistant Coatings Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2030. This section mentions the volume of production by region from 2017 to 2030. Pricing analysis is included in the report according to each type from the year 2017 to 2030, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Chemical Resistant Coatings Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2030. by Application segment also provides consumption during the forecast period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- Solvent-borne
- Water-borne
- Others
Segment by Application
- Chemical
- Oil & Gas
- Marine
- Construction
- Others
By Company
- PPG Industries
- BASF
- Sherwin-Williams
- Jotun
- Sika
- Kansai Paint
- Hempel A/S
- ITW Polymers Sealants
- VersaFlex
- Wacker Chemie
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
