Performance Coatings Market Application Revenue Product development, Demographic Strategy, Trend, Global Segments by Forecast 2030
According to the MRFR analysis, the Global Protective Coatings Market was valued at more than USD 17.22 billion in 2018 and is expected to reach over USD 24.55 billion by the end of 2025 at a CAGR of 5.2%. A protective coating is a barrier of paint or powder coatings that are applied on a material surface to prohibit corrosion thus, helping in making the metal inert from environmental changes. Protective coatings are important as they help to extend the lifetime of the substrate. Protective coatings can act as a barrier, sacrificial surface, or as an inhibitive to protect the underlying element from water, oxygen, chemicals to hinder corrosion. Pricing and Regulatory Analysis The stringent standards and regulations for coatings used in automotive, building & construction and oil & gas industries are likely to propel the growth of the global protective market during the assessment period. For instance, the National Asso...