Protective Coatings System Market Trends and Forecasts to 2020Special Coatings PaintingUpdated on Dec 24, 2014 View more like this | Visit SAN FRANCISCO, CA | Contact Andrew Smith |
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.
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.
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.
