Researchmoz added Most up-to-date research on "Performance Coating
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2017 - 2022" to its huge collection of research reports.
The global performance coating market report offers a comprehensive
look at the market by profiling it by various criteria and examining the
effect of all contributing factors on the market’s growth trajectory.
The global performance coating market is assessed in detail to
understand the hierarchy of the segments. Geographical analysis of the
global performance coating market is also provided in the report to
deliver key information on the best regions to invest in the market.
To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1336303Performance
coatings are a set of varnishes used to enhance the physical properties
of various surfaces. Enhancing the resistance of the surface against
environmental factors such as moisture, temperature, etc. The demand
from the performance coatings market has steadily risen due to the
growth of numerous end use industries, which has resulted in the need
for improvements in product quality and thus products such as
performance coatings.
The global performance coatings market was
valuated at US$79.1 bn in 2017. According to Transparency Market
Research, the performance coatings market is likely to exhibit steady
growth in the coming years on the back of steady demand from numerous
end use industries. The market is expected to rise to more than US$102
bn by 2022, rising at a 5.2% CAGR therein.
Global Performance Coating Market: DynamicsThe
vast range of highly important fields using performance coatings is the
key driver for the global performance coatings market. The marine and
power sectors are likely to be important to the performance coatings
market in the coming years, among others. The power sector is so firmly
established in the global economic structure that it has been one of the
first adopters of performance coatings, which ensure better protection
for wires and other electrical instruments. The progressive development
of the power sector to make services more reliable is likely to entail
rising demand from the global performance coatings market.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/performance-coating-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2022-report.html/tocThe
steady growth of the material sciences has been important for the
global performance coatings market, as it has provided the market an
easy channel for innovations. The steady government support and private
investment in the sector is likely to ensure steady growth of the
performance coatings market.
Global Performance Coating Market: SegmentationAsia
Pacific except Japan (APEJ) is the dominant market for performance
coatings and is set for steady dominance due to the presence of a
booming manufacturing sector in the region. Countries such as China,
India, Thailand, Vietnam, and Myanmar are set to emerge as major
manufacturing centers for various sectors in the coming years, with
China and India likely to drive the APEJ market on significantly. This
will be a key driver for the performance coatings market in Asia Pacific
except Japan, as performance coatings are likely to be ingrained as a
key part of the manufacturing sector in the coming years. The APEJ
performance coatings market is expected to exhibit a healthy CAGR of
6.2% in the 2017-2022 forecast period.
Various types of resin
used to produce performance coatings include epoxy, polyurethane,
polyester, and acrylic resin. Epoxy resin is the dominant resin in the
global performance coatings market. The segment was valued at US$29.2 bn
in 2017, accounting for 37% of the global performance coatings market.
Global Performance Coating Market: Competitive DynamicsLeading
companies in the global performance coatings market include AkzoNobel
NV, Masco Corporation, Hempel A/S, Jotun A/S, The Valspar Corporation,
Axalta Coating Systems Ltd., Nippon Paint Holding Co. Ltd., BASF SE, and
PPG Industries Inc.
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