In the short term, the global protective paint development momentum is good

MarketsandMarkets, a global market research company, has published a series of analysis data. This time, it mainly analyzed the protective coating market. Experts predict that as of 2019 global demand for protective coatings will increase to 6.701 million tons (4,253,000 tons in 2014). The average annual growth rate is 9.52%. In a short period of time, the global protective paint has a good momentum of development.

The promotion of the protective paint market is mainly due to the increase in demand for construction, maintenance, aerospace, automotive manufacturing and oil and gas industries. Buildings, automotive manufacturing, and aerospace require the development of infrastructure and therefore will expand consumer protective coatings. Professionals believe that the oil and gas industry will develop rapidly in the coming years, which will also increase the demand for anti-corrosion coatings and environmental protection coatings.

The protective paint market is booming, especially in the Asia Pacific region. Asia-Pacific countries have the fastest market growth rate in the world, followed by Europe and North America.

The global protective paint market has great potential. It not only attracts large manufacturers in this market, but some small and medium-sized companies also show great interest in it.

The development of new coatings is a major factor in the growth of the paint market. Most manufacturers are committed to developing new technologies and promoting the upgrading of products. In addition, manufacturers are also actively expanding production and developing new sales areas.