2K Protective Coatings Market Analysis

Resin Type (Epoxy, Polyurethane, Alkyd, Acrylic)

The global 2K protective coatings market is segmented and analyzed resin type into epoxy, polyurethane, alkyd, and acrylic. Out of the these, the polyurethane segment is estimated to gain the largest market share over the projected time frame. For instance, in 2020, the polyurethane segment accounted for the greatest market share globally, according to research. This is a result of their benefits, which include lengthy durability, greater gloss, color retention, and abrasion resistance. The market is also growing as a result of the expanding usage of 2K polyurethane in the petrochemical industry for heavy-duty use on buildings, as well as in the automotive industry for automobiles, ships, and aircraft.

End-user (Oil & Gas, Petrochemical, Marine, Cargo Containers, Power Generation, Water & Waste Treatment)

Furthermore, the global 2K protective coatings market is also segmented and analyzed for demand and supply by end-use industry into petrochemical, marine, power generation, water, and waste treatment, cargo container and oil & gas, and civil building and infrastructure. The civil building and infrastructure segment is anticipated to grow at the fastest rate over the projection period. It is frequently used for wall and floor coatings on civil and commercial structures owing to its durability, aesthetically pleasing performance, and protection against corrosion, abrasion, high temperatures, and fire. Additionally, there has been an increasing use of architectural coatings as high-performance architectural coatings (HiPAC), which is a type of 2k protective coating, in a range of applications, including offices, showrooms, warehouses, supermarkets, schools, industrial workshops, and others. The market for 2K protective coatings is dominated by the infrastructure sector worldwide. In the forecast period, it is predicted to reach a value of USD 6,120 million globally.

Our in-depth analysis of the global market includes the following segments:

By Resin Type	Epoxy Polyurethane Alkyd Acrylic
By Application	Abrasion Resistance Chemical Resistance Fire Protection Heat Resistance Corrosion Protection Pipe Coatings Tank Linings
By End Use Industry	Oil & Gas Petrochemical Marine Cargo Containers Power Generation Water and Waste Treatment Civil Building & Infrastructure

Frequently Asked Questions (FAQ)

The rapid expansion of construction sector along with the rising need for 2K protective coatings from various end-user industries are some of the factors that are expected to garner notable revenue over the forecast period.

The market is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.

The high prices of raw materials and energy along with the rising stringent governmental rules and concern regarding the toxic nature are expected to hamper the market growth.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are PPG Industries, Inc., Akzo Nobel N.V., Hempel A/S, Jotun A/S, Sherwin-Williams, BASF, DuluxGroup Limited, Axalta Coating Systems, RPM International Inc., Sika AG, and other key players

2K Protective Coatings Market Analysis