Market Size of United Kingdom Protective Coatings Industry
| 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 |
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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 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 |
United Kingdom Protective Coatings Market Size Summary
The United Kingdom protective coatings market is poised for steady growth, driven by government initiatives and policies aimed at infrastructure development across various industries, including plastics, pulp, and paper. The market is recovering from the setbacks caused by the COVID-19 pandemic and is expected to reach pre-pandemic levels. A significant opportunity for market expansion lies in the increasing shift towards bio-based coatings. The infrastructure sector currently dominates the market and is anticipated to maintain its leading position throughout the forecast period. The oil and gas industry also plays a crucial role as a major end-user, requiring protective coatings to withstand high-temperature environments and prevent corrosion in moist conditions. This demand is further amplified by the challenges faced in offshore oil and gas production, where coatings must endure long-term exposure to UV rays and heat.
The infrastructure sector in the United Kingdom has seen substantial growth, leading to increased consumption of protective coatings. The country's transition towards renewable energy and sustainability, highlighted by the presence of the world's largest offshore wind farm, underscores the importance of energy projects in driving economic growth. With significant government investments in transportation and energy infrastructure, the demand for protective coatings is expected to rise. The market is characterized by fragmentation, with key players such as RPM International Inc., AkzoNobel NV, Axalta Coatings Systems, Jotun, and PPG Industries Inc. actively participating. Recent acquisitions, such as Winn & Coales' purchase of Viscotaq and Axalta's acquisition of U-POL, reflect ongoing consolidation and strategic expansion within the market.
United Kingdom Protective Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Oil & Gas activities across the country
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1.2.2 Increasing investments in infrastructure sector
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1.3 Market Restraints
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1.3.1 Regulations Related to VOC Emissions
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1.3.2 Other Restraints
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1.4 Industry Value Chain Analysis
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1.5 Porters Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 By Resin Type
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2.1.1 Epoxy
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2.1.2 Acrylic
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2.1.3 Alkyd
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2.1.4 Polyurethane
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2.1.5 Polyester
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2.1.6 Other Resin Types
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2.2 By Technology
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2.2.1 Water-borne
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2.2.2 Solvent-borne
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2.2.3 Powder
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2.2.4 Other Technologies
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2.3 By End-user Industry
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2.3.1 Oil and gas Industry
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2.3.2 Mining Industry
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2.3.3 Power Industry
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2.3.4 Infrastructure Industry
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2.3.5 Other End-user Industries
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United Kingdom Protective Coatings Market Size 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.
