Protective coatings Market growth during period 2018-2022
Technavio’s market research analysts have predicted that the protective coatings market will witness considerable growth during the period 2018-2022. Considering the sales of protective coatings in several end-user industries including infrastructure and construction, oil and gas, automotive, aerospace, and other end-user industries, our analysts have estimated that this market will register a CAGR of more than 9% by 2022.
Global Protective Coatings Industry Overview
Technavio’s analysts have identified the increase in construction and infrastructure development activities to be one of the major factors to drive the growth of the market. Governments of the emerging economies such as India, China, Australia, Indonesia, and Vietnam are highly investing in infrastructure and residential projects. This has significantly contributed to the increase in construction activities in these regions. Due to the economic recovery and increased spending of the government on infrastructure and residential construction activities, the construction activities in Vietnam are increasing. This will propel the demand for protective coatings during the forecast period.Machine used in the construction
The world-wide used Airless machine which used for the construction paint are Graco Wanger .Which can compete with them in china is RONGPENG .According to the technavio’s report ,the demand of the protective coating will growth in the following 2018-2022.The demand of the airless machines will growth at the same time .It’s coming a bomb increase demand of the airless machines .