UK Protective Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Protective Coatings Market Analysis
The United Kingdom Protective Coatings market is expected to reach USD 300 million by the end of this year and is projected to register a CAGR of over 4% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market is estimated to reach pre-pandemic levels and is forecasted to grow steadily in the future.
- Government initiatives and policies for infrastructure development and various industries, such as plastics, pulp, and paper, are expected to fuel market expansion over the forecast period.
- The rising trend of shifting focus toward bio-based coatings is the key market opportunity expected to drive the market in the coming years.
- The infrastructure sector dominated the market and will likely continue its dominance during the forecast period.
UK Protective Coatings Market Trends
This section covers the major market trends shaping the UK Protective Coatings Market according to our research experts:
Growing Oil and Gas Sector
- The oil and gas industry is one of the major end-users of protective coatings. Due to the high-temperature environment in which it operates, the industry necessitates heat-resistant coatings. Coatings are also used to protect metal and steel structures from corrosion when exposed to moist and damp conditions. In the oil and gas industry, they are used for tanks, pipes, valves, and pumps.
- The oil and gas industry uses protective coatings for both upstream and downstream segments to prevent corrosion during oil and gas transportation to refineries.
- Offshore oil and gas production faces some of the most difficult challenges. As a result, the coating systems used must be capable of withstanding these conditions. Long-term exposure to penetrating UV rays and constant contact with heat waves in the oil and gas sector increases the demand for protective coatings.
- Although there has been a significant increase in natural gas consumption in the United Kingdom. According to BP Statistical Review 2022, the total natural gas consumption in the United Kingdom was 76.9 billion cubic meters in 2021, registering a growth rate of 5.7 % from 73 billion cubic meters in 2020.
- All the aforementioned factors are projected to boost the demand for protective coatings in the oil and gas industry throughout the forecast period in the United Kingdom.
Expanding Infrastructure Sector
- The infrastructure sector in the United Kingdom has been growing significantly in recent years, thus increasing the consumption of protective coatings.
- In 2020, the overall net stock of infrastructure in the United Kingdom was estimated to be EUR 342.6 billion in constant prices, representing a growth of 0.9% compared to 2019.
- Furthermore, the country is switching toward renewable energy and focusing more on sustainability. Owing to this, the United Kingdom has been recognized as the home to the largest offshore wind farm in the world, which is situated off the coast of Cumbria in Northern England.
- Additionally, energy is a significant driver of economic growth in the United Kingdom. About 60% of all infrastructure projects available to foreign investors involve investments in energy projects.
- According to the Infrastructure and Projects Authority, the United Kingdom has more than EUR 57 billion in energy investment projects planned until 2021.
- Also, the government is investing significantly in the transportation sector. For instance, in the financial year 2021-22, the government of the United Kingdom spent more than GBP 40 billion in railways, local roads, local public transport, national roads, and other forms of transport.
- All the aforementioned factors are expected to drive the demand for protective coatings in the infrastructure sector in the United Kingdom over the forecast period.
UK Protective Coatings Industry Overview
The United Kingdom protective coatings market is fragmented in nature. Some of the major players in the market include RPM International Inc., AkzoNobel NV, Axalta Coatings Systems, Jotun, and PPG Industries Inc., among others (in no particular order).
UK Protective Coatings Market Leaders
-
RPM International Inc
-
AkzoNobel NV
-
Axalta Coatings Systems
-
Jotun
-
PPG Industries Inc.
*Disclaimer: Major Players sorted in no particular order
UK Protective Coatings Market News
- In June 2021, United Kingdom Corrosion Prevention Company- Winn & Coales announced the acquisition of Protective Coatings Business- Viscotaq business, including Amcorr Products and Services Inc.
- In July 2021, Axalta announced the acquisition of U-POL, a leading paint, protective coatings, and accessories manufacturer for the automotive aftermarket. U-POL is a United Kingdom-based manufacturer of repair and refinish products used for protective applications.
UK Protective Coatings Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increasing Oil & Gas activities across the country
- 4.2.2 Increasing investments in infrastructure sector
-
4.3 Market Restraints
- 4.3.1 Regulations Related to VOC Emissions
- 4.3.2 Other Restraints
- 4.4 Industry Value Chain Analysis
-
4.5 Porters Five Force Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value)
-
5.1 By Resin Type
- 5.1.1 Epoxy
- 5.1.2 Acrylic
- 5.1.3 Alkyd
- 5.1.4 Polyurethane
- 5.1.5 Polyester
- 5.1.6 Other Resin Types
-
5.2 By Technology
- 5.2.1 Water-borne
- 5.2.2 Solvent-borne
- 5.2.3 Powder
- 5.2.4 Other Technologies
-
5.3 By End-user Industry
- 5.3.1 Oil and gas Industry
- 5.3.2 Mining Industry
- 5.3.3 Power Industry
- 5.3.4 Infrastructure Industry
- 5.3.5 Other End-user Industries
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) **/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 AkzoNobel NV
- 6.4.2 Axalta Coatings Systems
- 6.4.3 Jotun
- 6.4.4 PPG Industries Inc.
- 6.4.5 RPM International Inc.
- 6.4.6 Kansai Paint Co., Ltd.
- 6.4.7 Nippon Paint Holdings Co., Ltd.
- 6.4.8 Henkel AG & Co. KGaA
- 6.4.9 HEMPEL A/S
- 6.4.10 Crown Paints
- 6.4.11 Patterson Protective Coatings Ltd.
- 6.4.12 The Sherwin Williams
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Shifting focus toward bio-based coatings
UK Protective Coatings Industry Segmentation
A protective coating is a layer applied to a material's surface to inhibit or prevent corrosion. The protective coatings market is segmented by resin type, technology, and end-user industry. By resin type, the market is segmented into acrylic, alkyl, polyurethane, epoxy, polyester, and other resins. By technology, the market is segmented into water-borne, solvent-borne, powder, and other technologies. By end-user industry, the market is segmented into oil and gas, mining, power, infrastructure, and other end-user industries. For each segment, the market sizing and forecasts have been provided on the basis of revenue. (USD million).
| By Resin Type | Epoxy |
| Acrylic | |
| Alkyd | |
| Polyurethane | |
| Polyester | |
| Other Resin Types | |
| By Technology | Water-borne |
| Solvent-borne | |
| Powder | |
| Other Technologies | |
| By End-user Industry | Oil and gas Industry |
| Mining Industry | |
| Power Industry | |
| Infrastructure Industry | |
| Other End-user Industries |
UK Protective Coatings Market Research FAQs
What is the current United Kingdom Protective Coatings Market size?
The United Kingdom Protective Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in United Kingdom Protective Coatings Market?
RPM International Inc, AkzoNobel NV, Axalta Coatings Systems, Jotun and PPG Industries Inc. are the major companies operating in the United Kingdom Protective Coatings Market.
What years does this United Kingdom Protective Coatings Market cover?
The report covers the United Kingdom Protective Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Protective Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United Kingdom Protective Coatings Industry Report
Statistics for the 2024 United Kingdom Protective Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Kingdom Protective Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
