This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

2K Coatings Market

2K Coatings Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Market Insights on 2K Coatings covering sales outlook, demand forecast & up-to-date key trends

2K Coatings Market Overview

According to latest research, 2K Coatings Market is set to witness prominent growth during the period 2021-2031, with a CAGR of more than 5% during the period.

The main reason behind the growing market is the continuously rising demand from construction of residential, commercial buildings. Besides, construction projects in developing countries, the rise in the demand for maintaining durability, protection from acid rain & bad weather and the need for long time stability has further boosted the market of protective coating globally.

2K coatings provide excellent waterproofing solutions by preventing water leaks. The coatings act as a barrier, which enables structures such as bridges, floors, buildings, wood finishes dams, wells, as well as exterior and interior walls to function in demanding situations and environments.

What is Driving Demand for 2K Coatings?

2K Coatingss are used for protecting & maintaining the existing substrates to extend lifestyle. Many industries have systems that run on continuous operations. Several of them are exposed to environmental changes or involve the use of harsh materials. This results in the deterioration in the structure of the equipment or decline in the efficiency of the process, which causes shutdown of the plant or stoppage in the overall operations. The coatings help in preventing these issues, thereby saving on the cost of shutdown and replacement of equipment.

The marine industry is prone to damage to vessels, ships, and docks due to the corrosive action of seawater. Waterproofing coats and joints & crack filling coats are widely used for maintenance in these industries. These protective coatings are generally applied on marine parts made of steel, aluminum, fiberglass, and other substrates. They are used for cargo vessels, tankers, tug barge, workboats, motor launch, and hydrofoil.

Customize this Report

Let us know your requirement to get
100% FREE customization

Civil Building and Infrastructure Industry to Remain a Key Segment for the Consumption of 2K Coatings

2K Coatingss are used in the civil building and infrastructure industry for flooring, wood finishes, interior & exterior walls, bridges, swimming pools, doors, and ceilings.

This particular type of coatings forms a thin layer on the surfaces on which they are applied and are used for increasing the longevity and stability of the structures. Bridges, highways, and infrastructure projects are essentially in need of long-time stability and the ability to withstand harsh weather conditions, such as acid rains.

Degradation of structures results in rusting of metal surfaces, fading, cracking of concrete, leakages, and growth of micro-organisms such as algae and fungi. These may directly or indirectly affect the life of buildings and increase the cost of replacement and maintenance. Waterproofing coatings are usually applied to walls and floorings in bathrooms, kitchens, hotels, and swimming pools to prevent leakages and avoid moisture from deteriorating the structures.

US and Canada 2K Coatings Market Outlook

The U.S. is one of the markets for coatings globally. The market in U.S. is set to be driven by increased construction spending and demand from the automotive and transportation sectors as well. The region's highly developed Building and Infrastructure industry is the primary reason for its significant market share.

The presence of key market participants in U.S. and Canada is also favoring the market growth by ensuring smooth supply. The high R&D spending on Marine and Construction sector in U.S. has also created lucrative opportunities to fasten the demand of Protective Coatings

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Asia Pacific Demand Outlook for 2K Coatings

The infrastructure & construction industry is growing rapidly in the APAC region. APAC is one of the largest and fastest-growing markets for the infrastructure & construction sector. APAC has emerged as one of the leading producers as well as consumers of coatings. APAC is the hub of foreign investment and booming industrial sectors due to the low-cost labor and cheap availability of lands.

Increase in the demand for coatings can be largely attributed to the growing industrial, infrastructure & construction, and marine industries. APAC has a growing power industry that is likely to drive the market for coatings.

India produces most of its power through coal and is planning to increase solar energy generation with newer solar projects. These factors contribute to the rising demand for coatings in APAC.

Who are the Key Manufacturers and Suppliers of 2K Coatings?

Some of the leading manufacturers and suppliers of 2K Coatings include

  • Akzonobel 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.
  • Axalta Coating Systems LLC
  • Dulux Group
  • BASF SE
  • Parker Hannifin Corp
  • Berger Paints India Ltd
  • Tnemec Company, Inc.
  • Cloverdale Paint Inc.
  • Teknos Group OY
  • Weilburger Coatings GmbH
  • Guangdong Maydos Building Materials Limited Company
  • Fosroc Inc.and many more.

With the implementation of lockdown at the global level, industries are badly affected globally, due to the halt in business activities. Construction industries and real estate industries are badly impacted sectors globally. This has impacted the market growth of 2K coatings. As the raw material like chemicals, Solution mixture and other things storage was happening due to trade restriction. However, even after a huge drop in the revenue in 2K protective coating market during the pandemic times, the growth of the market is expected to reach back to normalcy in the next few quarters.

The 2k Coatings report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Key Segments

By Region Type:

  • Epoxy
  • Polyurethane
  • Alkyd
  • Acrylic
  • Others

By End User:

  • Oil & Gas Exploration
  • Petrochemicals
  • Marine
  • Cargo Containers
  • Power Generation
  • Water Treatment
  • Building and Infrastructure
  • Food and Beverage Production Units

By Region:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K
    • Spain
    • BENELUX
    • Russia
    • Rest of Europe
  • South Asia
    • India
    • ASEAN
    • Australia & New Zealand
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • S. Africa
    • Northern Africa
    • Rest of SEA
Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Chemicals & Materials Insights

View Reports
Google translate