Global On-site Maintenance Coating Market - Segmented by Resin, Technology, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The Global On-site maintenance coating market is estimated to experience significant growth during the forecast period. Asia-Pacific is expected to hold the largest share of the market, owing to rising number of construction and infrastructure activities in developing nations. Water-borne is expected to be the fastest growing technology.

Re-Construction Activities across Globe Set to Propel Growth

Regions of Asia-Pacific and Europe have always been known for their architectural stronghold. In Asia-Pacific remodeling activities related to commercial segment, especially in countries, such as China and Japan are expected to help the market grow. While in Europe, betterment in renovation strategies and policies will help the market to gain potential growth during the forecast period. Additionally, Norway, France, and Slovakia are expected to lead the renovation rate in residential building sector during the forecast period, in Europe.

Protective Sector Account for the Largest Share of the End-user Segment During the Forecast Period

Protective coatings are used majorly in, oil & gas, power, and infrastructure. In terms of revenue, Asia-Pacific is the largest market for the protective coatings. Whereas, Middle East & Africa is expected to witness highest growth in the demand for infrastructural coatings during the forecast period. The increasing need to revamp existing sector of the oil & gas sector acts as one of the major driver for the market. Moreover, in the offshore locations, there is a prolonged exposure to penetrating UV rays and constant contact with rough seawater, has increased the need for maintenance coatings.

Asia-Pacific is Set to Dominate the Region during the Forecast Period

Asia-Pacific is expected to hold the major share of more than 40% in terms of revenue in 2017, with China dominating the market. China is globally recognized for its architectural boom. The demand for low-cost housing and commercial housing is the reason for its growth in the recent years. China’s real estate sector has been growing rapidly and the existing structures are in need of constant refurbishing to meet the international standards. In 2016, property prices in China rose by about 30.0% due to increased activity in the real estate space. The growth in construction is expected to positively affect the maintenance coatings market in the country. Moreover, the country has a long history of infrastructure that needs to be revamped. Additionally, the large number of oil & gas plants are also in constant need of maintenance

Key Players:PPG Industries, Akzo Nobel NV, The Sherwin Williams Company, RPM International, and Jotun A/S, among others.

Reasons to Purchase This Report

• To understand the impact of increasing impact of VOC regulations on the market


• Analyze various perspectives of the market with the help of Porter’s five forces analysis


• To understand the dominating technology in the market


• Countries expected to witness the fastest growth during the forecast period


• Identify the latest developments, market shares, and strategies employed by the major market players


• 3-month analyst support, along with the Market Estimate sheet (in excel)

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