2K Protective Coatings Market Share

APAC Market Statistics

The market in Asia Pacific is anticipated to grow significantly as a result of the region's increased infrastructural activity and the expansion of oil and gas operations. The construction of flyovers and bridges to boost durability and decrease damage is the main issue owing to the expansion in population and rapid urbanization, and as a result, the coatings industry may experience lucrative demand. Currently, Asia Pacific is the world's top producer and consumer of 2K protective coating, thanks to rising FDIs and booming industrial sectors brought on by the accessibility of land and inexpensive labor. China's government spending and investment in construction are still increasing exponentially. For instance, China is investing a huge amount of money in infrastructure, making approximately USD 1 trillion in federal spending accessible for construction ventures.

Europe Market Forecast

The market in the Europe region is predicted to witness growth in the upcoming years owing to the presence of one of the biggest building industries, and growing awareness for the different types of coatings in the region. As per the estimated data, the building industry contributes around 9% of the GDP of the EU. The demand from the oil and gas sector could help the increase, which is further anticipated to increase the market’s growth in the region. The Connecting Europe Facility invested USD 26 billion to fund TEN-T projects in the EU member states that were of common interest.