Performance Coatings Market Size 2022 Impressively Grow In Future By Top Companies Analysis
Performance Coatings Market Overview The performance coatings market is expected to exhibit a CAGR of over 5.11 % to reach a value of around USD 62.45 billion by the end of the forecast period. Performance coatings provide durability, safety, and longevity to the surface and components that are to be coated with performance coating. Ithas a wide range of applications such as drywall, construction materials, and others in various end-use industries, including construction, automotive and transportation, industrial, aerospace and defense, marine, and others. Performance coatings are specially designed to protect a substance from corrosion, offer resistance to chemicals & abrasion, ensure durability & safety, and enhance the appearance of a substance. Whereas high-performance coating acts as a barrier between the substrate and water, insulates it from soil contact, and protects it from chemical interaction. Regulatory Framework Below is the list of ASTM (American Society for Te