Chemical Resistant Coating is a paint commonly applied to provide protection against chemicals.
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.
Growing construction sector in the United States, which is one of the major consumers of chemical resistant coatings is driving the market. Increasing construction activities of hotels, malls, offices, and etc., in almost all the provinces, is boosting the demand for chemical resistant coatings during the forecast period. The gradual growth of the commercial sector, primarily office space construction, is likely to have a positive impact on the market. The United States is competing toward complete transformation of its diesel buses into zero-emission buses. Electrical buses are fast gaining importance and their production is set to grow rapidly in the coming years which is expected to drive the global chemical resistant coatings market during the forecast period.
The Global Chemical Resistant Coatings Market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Chemical Resistant Coatings Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
PPG Industries
BASF
Sherwin-Williams
Jotun
Sika
Kansai Paint
Hempel A/S
ITW Polymers Sealants
VersaFlex
Wacker Chemie
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Solvent-borne
Water-borne
Others
In Market segmentation by applications :
Chemical
Oil & Gas
Marine
Construction
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Chemical Resistant Coatings Market for the forecast period 2020 - 2026?
• What are the driving forces in the Chemical Resistant Coatings Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Chemical Resistant Coatings industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?