Specialty Coating Market Trends and Forecast 2015 - 2023 Nov 2016 | Page 2

REPORT DESCRIPTION

The growth of the global specialty coatings market can be attributed to the positive outlook of consumers towards the
adoption of advanced paints and coatings. The report is titled “Specialty Coating Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2015–2023.” The study presents an in-depth analysis of the growth
trajectory of the market along with the prominent trends. An analysis of the competitive landscape of the specialty
coating market has also been presented in the report utilizing Porter’s five forces analysis. The market intelligence
report further highlights the shares, strategies, and product of the key market players.
Specialty coatings deliver performance according to the needs of the respective application. Specialty coatings can be a
self-primer, primer, and topcoat, and can be used effectively in their respective applications. Some of the key benefits that
specialty coatings offer are enhanced corrosion protection, excellent adhesive properties, substrate compatibility, sealing,
antireflection, and temperature or fire resistance.
Complete Report with TOC : http://www.transparencymarketresearch.com/specialty-coating-market.html
The primary driver for the global specialty coatings market is the rising need of consumers for extended service and
enhanced durability, which has led to a rising demand for high-performance paints and coatings. This trend is expected to
benefit the market over the forecast period. Owing to characteristics such as resistance to abrasion, chemicals, and heat,
the consumption of specialty coatings is expected to rise in both commercial and residential sectors. In the chemical and
automotive sectors, the demand for specialty coatings is expected to gain momentum from original equipment
manufacturers (OEM).
Specialty coatings are employed in several end-use industries such as lifestyle, construction, consumer electronics, and
automotive. However, at present, specialty coatings are most prominently used in construction and architectural projects.
The global specialty coatings market is further expected to be driven by the rise in construction expenditure and
improvement of infrastructure in Japan, Western Europe, and the U.S.
In terms of base material, the market has been classified into polyamide, acrylic urethane, epoxy, and alkyd. On the basis
of end-use application, the market is categorized into architectural, marine, water and wastewater, fireproofing, railway,
pipeline, petrochemical, paper and pulp, power, aerospace and defense, oil and gas, refineries, and OEM paints. The
growth of the specialty coatings market is directly proportional to the progress of the paints and coatings industry. Thus,
the rising demand for paints and coatings bodes well for the market for specialty coatings.