Products in the global 2K protective coatings market are used in the infrastructure and civil building industry for wood finishes, bridges, doors, ceilings, flooring, exterior and interior walls, and swimming pools, etc. These products in the global 2K protective coatings market form a thin layer on various applicable surfaces and are utilized to increase the stability as well as the longevity of these structures. Products in the global 2K protective coatings market prevent degradation of thee infrastructures by preventing rusting of the metal surfaces, leakages, fading, cracking of concrete and restrict the growth of micro-organisms such as fungi and algae. Water proofing products in the global 2K protective coatings market are applied to floorings and walls in order to avoid moisture and prevent leakages.
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The 2K Protective Coatings market is projected to grow from USD 8.6 billion in 2020 to USD 10.8 billion by 2025, at a CAGR of 4.8% between 2020 and 2025.
Growing demand from the civil building and infrastructure industry in APAC is likely to boost the 2K protective coatings market.♦ To know about the assumptions considered for the study download the pdf brochureThe key market players are AkzoNobel N.V. (Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Jotun A/S (Norway), Hempel A/S (Denmark), Chugoku Marine Paints Ltd. (Japan), Nippon Paints Holdings Co. Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), Sika AG (Switzerland), and RPM International Inc. (US).
These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch, partnership & agreement to grow in the market.
Merger & acquisition was the key strategy adopted by the major players between 2016 and 2021.
This strategy strengthened their market position and increased their presence in emerging economies.AkzoNobel N.V. (Netherlands) is a diversified chemical company active in the fields of decorative paints and performance coatings.
In March 2020, AkzoNobel launched ultimate rust-busting metal paint, which is designed to usher in the next evolution in superior metal protection.
2K Coatings Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.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.Get more information on "Global 2K Coatings Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/2k-coatings-market/download-sampleMarket DynamicsThe 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.
