Major factors driving growth of the global protective coating resins market is increasing demand from building & construction, marine, oil & gas, and automotive. In addition, these products come with properties such as wear & tear resistance, thermal resistance, and corrosion, owing to high operating temperatures in these end-use verticals.

The global protective coating resins market report has been segmented on the basis of resin type, technology, end-use industry, and region.

On the basis of resin type, the global protective coating resins market has been segmented into polyurethane, epoxy, acrylic, alkyd, and others (phenolic, and polyester). The polyurethane segment is projected to account for major share in terms of revenue in the global protective coating resins market during the forecast period. However, alkyd segment is expected to register highest CAGR over the forecast period in terms of revenue.

On the basis of end-use industry, the global protective coating resins market has been segmented into automotive, building & construction, oil & gas, aerospace and marine, industrial, power generation, and others (electronics, mining, and pulp & paper). The building & construction segment is estimated to account for significant share in the global protective coating resins market in terms of revenue.

On the basis of region, the global protective coating resins market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Market in Asia Pacific is estimated to account for major revenue share in the global protective coating resins market and is projected to register significant growth in terms of revenue in the next ten years, owing to increasing demand for automotive and various industrial sectors from developing economics such as India and China in this region.

Key players operating in the global market include Arkema SA, Akzonobel N.V., ika AG, PPG Industries, Inc., The Sherwin-Williams Company, Wacker Chemie AG, RPM International Inc., Axalta Coating Systems, Hempel A/S, and The Valspar Corporation.

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