TAGS: Epoxy Coatings Architectural Coatings
The global 2K protective coatings market size will grow to USD 10.8 billion by 2025 from USD 8.6 billion in 2020, at a CAGR of 4.8% during the 2020-2025 period. The use of 2K protective coatings in offshore structures/oil & gas exploration, production, and transmission and civil building & infrastructure is expected to increase in APAC in the next five years.
Epoxy - Largest Resin Type of 2K Protective Coatings Market
Epoxy is the largest resin type in 2K protective coatings market in terms of volume. The properties of epoxy-based coatings can be enhanced by adding additives and modifiers to meet the required specifications.
They are hard and offer resistance to humidity, abrasion, water, acid, alkali, and seawater. They possess low volatility and are water cleanable. These properties make these coatings ideal for use in metallic surfaces such as cast iron and aluminum.
Epoxy-based coatings are also applied on floors that are prone to heavy foot and vehicle traffic. Fusion bonded epoxy powder coatings are used for corrosion protection in steel pipes and fittings in the oil & gas industry and water transmission lines.
Civil Building and Infrastructure - Fastest-growing End-use Industry
Civil building and infrastructure is the fastest growing end-use industry in 2K protective coatings market, in terms of volume. The main purpose of 2K protective coatings is to protect structures from solvents, dust, fungi, corrosion, humidity, and other threat that may affect the stability and functionality of the structures.
2K protective coatings also provide waterproofing solutions, thereby preventing water leakages. 2K protective coatings act as a protective barrier that enables structures such as buildings, dams, wells, bridges, floors, wood finishes, and exterior & interior walls to function in demanding environments and situations.
Source: MarketsandMarkets™