High Performance Coatings Market Updates

May 22, 2021 - PRLog -- The high performance coatings are specialized and specifically engineered coatings for the primary function to sustain the premium quality, increasing the life cycle savings in the long run, and secondary function to enhance the aesthetics of the product applied.
AKI Research and Consulting has estimated the high performance coatings market to value USD 60,512.34 million by 2026 at a CAGR of 4.89% over the forecast period 2020-2026.
Key Driving Factors
The high performance coatings market is highly driven by the building and construction activities in countries like the USA, China, India, Saudi Arabia, and many more. The materials used in construction like steel, iron, metals, etc., are easily affected by corrosion. High performance coatings prevent these substrate materials from corrosion and enhance their durability.
Power plants, the oil & gas industry, water treatment plants, etc., are asset-intensive businesses that require enormous capital for continuous operations. These industries are highly affected by corrosion, chemicals, and the environment. For example, in the oil & gas industry, the high performance coatings prevent the corrosion of drilling rigs, pipelines, offshore platforms, etc., to minimize the risk.

Regional Market Analysis
By region, the Asia-Pacific is dominating the high performance coatings market with a global market share of about 39.27% in 2020. It is also estimated to have the highest CAGR of 6.13% during the forecast period 2020-2026.
China accounted for the largest share in Asia-Pacific due to the manufacturing hub for various industries like automotive, aviation, shipbuilding, building and construction. China has launched the "New Infrastructure" campaign, which will focus on infrastructures like 5G networks, inter-city transportation, inner-city rail systems, new energy vehicle charging stations, and many more. Several railway projects like Wuhan Urban Rail Transit, Intercity Railway lines along the Yangtze River in Jiangsu Province, etc., are under construction and planned to complete in the forecast period.
Please read the full blog here: https://www.akiresearch.com/post/high-performance-coating...
End-User Industry Analysis
The building and Construction industry dominated the global high performance coatings market by end-user industry with a share of about 30.26% in 2020. It is estimated to have the second-fastest CAGR of 5.08% during the forecast period.
For this study, the end-user industries included in the high performance coatings market are industrial, building & construction, automotive, marine, aviation & defense, other transportations (railways, heavy buses & trucks, etc.), and other end-user industries (wood, consumer goods, etc.)...Full blog with detailed market analysis is available here: https://www.akiresearch.com/post/high-performance-coatings-market
Key Players in High Performance coatings market are
PPG Industries,Sherwin-Williams, Akzo Nobel, Axalta, Jotun, Nippon Paints, Hempel, BASF, Kansai Paint, KCC Corporation, RPM International, Beckers Group, Endura Coatings, Metal Coatings Corporation, Tiger Coatings, Toefco, Daikin Industries, Wacker Chemie, etc.