Protective Coatings Market Size, Trends, Growth Status, Key Players Overview, Price Analysis, Share Estimation and Forecast to 2028

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The global protective coatings market size is projected to grow from USD 12.9 billion in 2021 to USD 21.2 billion in 2028. As per a report published by Fortune Business Insights™ in a report, titled, “Protective Coatings Market2021-2028,” the market stood at USD 12.0 billion in 2020. It is set to exhibit a CAGR of 7.3% during the forecast period 2021-2028.

Protective coatings are applied to various surfaces to provide protection against environmental factors such as moisture, chemicals, corrosion, abrasion, and UV radiation. In the context of textiles, protective coatings serve multiple purposes, including enhancing durability, waterproofing, flame resistance, and adding specific functionalities. Here are some common types of protective coatings used in textiles:

  1. Waterproof Coatings: These coatings prevent water penetration into the fabric, making the textile water-resistant or waterproof. They are commonly used in outdoor gear, rainwear, tents, and umbrellas.
  2. Flame Retardant Coatings: Flame retardant coatings reduce the flammability of textiles, making them less likely to catch fire or slow down the spread of flames. They are crucial for applications where fire safety is essential, such as in upholstery, curtains, and protective clothing.
  3. Antimicrobial Coatings: These coatings inhibit the growth of microorganisms such as bacteria, mold, and mildew on the textile surface. They are used in medical textiles, sportswear, and other applications where hygiene is important.
  4. UV Protective Coatings: UV protective coatings shield textiles from harmful ultraviolet (UV) radiation, helping to prevent color fading and degradation of the fabric. They are commonly applied to outdoor fabrics like awnings, outdoor furniture, and clothing.
  5. Abrasion-Resistant Coatings: Abrasion-resistant coatings increase the durability of textiles by providing a protective layer against wear and tear. They are used in applications such as backpacks, upholstery, and industrial fabrics.
  6. Stain-Resistant Coatings: These coatings repel liquids and prevent stains from penetrating the fabric, making it easier to clean. They are used in upholstery, carpets, and clothing to maintain the appearance of the textile.
  7. Thermal Insulation Coatings: Thermal insulation coatings help regulate temperature by trapping heat or providing thermal barriers. They are used in cold weather clothing, sleeping bags, and thermal blankets.
  8. Hydrophobic and Oleophobic Coatings: These coatings repel both water and oil-based liquids, making textiles resistant to stains from both sources. They are used in clothing, upholstery, and outdoor gear.
  9. Conductive Coatings: Conductive coatings add electrical conductivity to textiles, making them suitable for applications such as smart clothing, wearable technology, and electromagnetic shielding.
  10. Anti-static Coatings: Anti-static coatings reduce the build-up of static electricity on the textile surface, minimizing the risk of static discharge and improving comfort. They are used in clothing, upholstery, and electronics packaging.

Protective coatings significantly enhance the performance and longevity of textiles, making them suitable for a wide range of applications in various industries.

Report Coverage-

The research report of the protective coatings industry offers a comprehensive analysis of existing companies that can affect the market outlook throughout the forthcoming years. In addition to that, it provides an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and qualitative insights.

Drivers & Restraints-

Urgent Need to Deploy Corrosion Management Measures will Spur Growth

Metals often create compounds, such as sulfides, carbonates, hydroxides, and oxides according to the environment they are exposed to. The NACE International IMPACT stated that corrosion worldwide costs approximately USD 2.5 trillion every year. It holds around 3.4% of the global GDP. The implementation of corrosion management measures can save 15 and 35% of the cost of corrosion across the globe annually. Various industries are nowadays inclining towards lightweight metals. These coatings aid in isolating the surface that is prone to corrosion happening because of multiple environmental elements. However, these coatings contain liquefying substances that can evaporate during a chemical process when exposed to oxygen. It further emits volatile organic compounds (VOCs). Hence, regulatory bodies have restricted the usage of solvent-borne solutions. It may hinder the protective coatings market growth.

Segments-

Epoxy Segment to Lead Backed by Ability to Withstand Heat and Cold

Based on the resin type, the market is divided into epoxy, polyurethane, alkyd, acrylic, inorganic zinc, and others. Out of these, the epoxy segment generated the largest protective coatings market share in 2020 and is likely to maintain its position in the upcoming years. These coatings are capable of withstanding extreme heat and cold. They are also resistant to chemical exposure, scratches, and oil leaks. Hence, the coating is prevented from wearing out.

Protective coatings are applied to textiles to enhance their durability, performance, and functionality. These coatings provide various benefits such as water resistance, stain resistance, UV protection, flame retardancy, antimicrobial properties, and more. Here are some common uses of protective coatings in textiles:

  1. Waterproofing: Coatings are applied to textiles to make them resistant to water penetration. This is essential for outdoor clothing, tents, awnings, and other items exposed to the elements.
  2. Stain Resistance: Coatings can repel stains, making textiles easier to clean and maintain. This is useful for upholstery fabrics, carpets, and clothing.
  3. UV Protection: UV-resistant coatings are applied to textiles to prevent damage from the sun’s ultraviolet rays. This is important for outdoor fabrics like awnings, umbrellas, and outdoor clothing.
  4. Flame Retardancy: Textiles used in environments where fire safety is a concern, such as in public buildings, transportation, or military applications, can be treated with flame retardant coatings to reduce the risk of ignition and slow down flame spread.
  5. Antimicrobial: Coatings with antimicrobial properties inhibit the growth of bacteria, fungi, and other microorganisms on textiles, making them suitable for healthcare settings, bedding, and apparel where hygiene is important.
  6. Abrasion Resistance: Coatings can increase the durability of textiles, making them more resistant to wear and tear. This is beneficial for outdoor gear, workwear, and upholstery fabrics.
  7. Oil and Chemical Resistance: Textiles used in industrial applications or environments where exposure to oils, chemicals, or other contaminants is likely can be coated to resist absorption and staining.
  8. Anti-static: Coatings can be applied to textiles to reduce or eliminate static electricity buildup, which is particularly useful for clothing worn in dry environments or electronic assembly areas.
  9. Breathability: Some coatings are designed to provide protection while still allowing the fabric to breathe, ensuring comfort for the wearer. This is important for activewear and outdoor clothing.
  10. Color Enhancement: Coatings can enhance the appearance of textiles by adding luster, depth, or color vibrancy. They can also be used to create special effects such as metallic finishes or reflective properties.

These are just a few examples of how protective coatings are used in textiles to improve their performance and functionality across various applications.

Competitive Landscape-

Key Companies Aim to Gain Competitive Edge through Acquisitions and New Product Launches

The global market houses numerous big, small, and medium companies that are presently focusing on acquisitions and new product launches to gain a competitive edge. A few others are investing in R&D activities to expand their portfolios. Below is one of the significant industry developments:

Information source:

https://www.fortunebusinessinsights.com/protective-coatings-market-102942

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