The global demand for 2K Coatings Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
2K coatings or 2K protective coatings are two-component coatings in which a chemical reaction results in paint hardening. Two-component coatings consist of base paint and a hardener. These two components are mixed vigorously in the correct ratio and then applied quickly. 2K coatings provide a harder wearing coat more suitable for surfaces that may come into contact with day-to-day use and heavy access areas. The hardener functions by chemically reacting with a catalyst component which sets hard to form a very tough finish. 2K coatings are well suited to exterior use, heavy use areas, high-temperature surfaces, and other harsh environments
Market Dynamics
The global 2K coatings market is projected to grow at an exciting rate during the forecast period. Rapid urbanization and industrialization are majorly influencing demand for 2K coatings. Increasing demand from the city building and infrastructure industry and increasing demand for maintenance and renovation of existing substrates and devices are steering the global 2K coatings market. The use of the 2K coating has been increasing in the infrastructure and construction industry due to its durability and high resistance to water and the environment. However, stringent VOC emission standards, unstable raw materials prices, and economic slowdown hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of 2k coatings. The growth and trends of 2k coatings industry provide a holistic approach to this study.
Market Segmentation
This section of the 2k coatings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Resin Type
- Epoxy
- Polyurethane
- Alkyd
- Acrylic
- Others
By End-Use Industry
- Offshore Structures/Oil & Gas Exploration, Production, And Transmission
- Petrochemical- Refineries And Chemical Processing
- Marine
- Cargo Containers
- Power Generation
- Water And Waste Treatment
- Civil Building And Infrastructure
- Food And Beverage Plants
- Others
By Application
- Abrasion Resistance
- Chemical Resistance
- Fire Protection
- Heat Resistance
- Corrosion Protection
- Pipe Coatings
- Tank Linings
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the 2K Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global 2K Coatings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the 2k coatings market include AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, Jotun A/S, Hempel A/S, Chugoku Marine Paints Ltd., Nippon Paints Holdings Co. Ltd., Kansai Paint Co., Ltd., Sika AG, RPM International Inc., The Valspar, Axalta Coating Systems, and Vitro. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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