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The Global Protective Coatings Market is projected to reach USD 52.31 billion in 2027. The rise is expected to be fueled by growing demand from the aerospace industry.
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Protective Coatings Market To Reach USD 52.31 Billion By 2027 www.reportsanddata.com
Market Summary The Global Protective Coatings Market is projected to reach USD 52.31 billion in 2027. The rise is expected to be fueled by growing demand from the aerospace industry. Protective coatings are commonly used in applications of aerospace such as outdoor topcoats, fuel tanks, anti-chafes, wings, and others. They provide equipment and assemblies with protection against erosion, corrosion, chemical attack, and abrasion and thus help to extend the life and efficiency of components. Over the predicted timeframe, demand for aerospace and defense equipment is expected to see substantial growth across the globe. The revival in global security challenges combined with an expansion in the main nations' defense spending is projected to push the aerospace industry in the years ahead. Protective coatings are commonly used in domestic applications and enclosed spaces that are poorly ventilated. They have low content in Volatile Organic Compound (VOC), thereby making them more environmentally conscious than their counterparts. Read More @ https://www.reportsanddata.com/report-detail/protective-coatings-market
Market Summary Key players include Arkema SA, Akzo Nobel NV, PPG Industries, Inc., Axalta Coating Systems, RPM International, Inc., The Sherwin-Williams Company, Wacker Chemie AG, The Dow Chemicals Company, BASF SE, and Kisco Limited, among others Product Outlook (Revenue: USD Billion; 2017-2027) Epoxy, Acrylic, Polyurethane, Polyester, Alkyd, Others Formulation Outlook (Revenue: USD Billion; 2017-2027) Water-Borne, Solvent-Borne, Powder-Based, Others Application Outlook (Revenue: USD Billion; 2017-2027) Construction, Oil & Gas, Aerospace, Industrial, Automotive, Others
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