2K Protective Coatings industry Analysis by Resin Type (Epoxy-based, Polyurethane-based, Alkyd-based, Acrylic-based 2K Protective Coatings), by Application (Abrasion Resistance, Chemical Resistance, Fire Protection, Heat Resistance), by End User & by Region – Global Forecast 2022-2032
The global market for 2K protective coatings reached a valuation of US$ 8.73 Billion in 2021. The market is poised to experience a Y-o-Y expansion worth 3.1%. In the long-run, the industry is forecast to register a value CAGR of 5%, expected to be valued at US$ 14.66 Billion by the end of the 2022-2032 period of assessment.
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Competitive Landscape
The majority of the companies discussed in the report are investing to expand their business and launch new product lines in the 2K protective coating market, as well as conducting continuous research and development. Among the significant developments are:
- AkzoNobel announced a partnership with Players in 2021. AkzoNobel’s collaboration with Player will open up new possibilities in its industrial coating product line.
- Akzo Nobel N.V. acquired 100 percent of Industrias Titan S.A.U. (Titan Paints) in 2021 to expand its paints business, and it will assist Akzo Novel in expanding its business in Spain.
- Akzo Nobel invested US$ 23 million to increase the powder coatings capacity of their Como, Italy, plant by October 2020. This move will help them strengthen their position in the global 2K protective coatings market while also facilitating green manufacturing. PPG Industries launched PPG Aquacover, a waterborne coating system for shipping containers, in China in November 2020.
Major 2K Protective Coatings Providers
- Akzo Nobel N.V.
- PPG Industries
- The Sherwin Williams Company
- Jotun A/S
- Hempel A/S
- Chukogu Marine Paints Ltd.
- Nippon Paints Holdings Co. Ltd.
- Kansai Paint Co. Ltd.
- Sika AG
- RPM International Inc.
Key Segments Covered in the 2K Protective Coatings Industry Report
- By Resin Type :
- Epoxy-based
- Polyurethane-based
- Alkyd-based
- Acrylic-based
- Other
- By End User :
- Oil & Gas Exploration
- Petrochemicals
- Marine Applications
- Cargo Containers
- Power Generation
- Water Treatment
- Building And Infrastructure
- Food and Beverage Production Units
- Other End Use Applications
- by Application :
- Abrasion Resistance
- Chemical Resistance
- Fire Protection
- Heat Resistance
- Corrosion Protection
- Pipe Coatings
- Tank Linings