According to a market research report, the “MRO Protective Coatings Market by Product Type (Abrasion Resistant, Low Friction, Corrosion Resistance, Intumescent), Application (Marine, Oil & Gas, Petrochemicals, Infrastructure, Power Generation) and Region – Global Forecast to 2027”, size is expected to grow from USD 5.4 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 5.5% during the forecast period. MRO protective coatings is being used in the marine, oil & gas, petrochemical, infrastructure, power generation, water treatment, and other applications. The increasing demand for extended product lifetime and reduced maintenance and increasing renovation activities support the demand for MRO protective coatings in the industrial and infrastructure end-use industry.
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142 Market data Tables
239 Pages and in-depth TOC on “MRO Protective Coatings Market – Global Forecast to 2027”
This report also provides a comprehensive analysis of the companies listed below:
The major players active in the market are The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), Henkel (Netherlands), BASF SE (Germany), H.B. Fuller (US), PPG Industries US), Jotun (Norway), Nippon Paint Holdings Co., Ltd. (UK), Axalta Coatings Systems (US), and Hempel A/S (Denmark).
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the MRO Protective Coatings Market.
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The Sherwin-Williams Company is a global company that is primarily engaged in the production, distribution, and sale of paints, coatings, floor coverings, and other such related products to commercial, industrial, and retail customers across the globe. The company deals in a wide range of products relating to aerospace coatings, coil and extrusion coatings, general industrial coatings, industrial wood coatings, packaging coatings, protective and marine coatings, and high-performance flooring materials. Marine is one of the most important industries in the MRO protective coatings market and The Sherwin-Williams Company being primarily in the same business, supplies its products like marine coatings across six continents and in more than fifty countries.
Akzo Nobel is a global company that has been present in the market for more than 200 years. The company operates its business globally, mainly through two major segments which are performance coatings and decorative paints. The company further segmented as automotive and specialty coatings, industrial coatings, marine and protective coatings, and powder coatings under performance coatings business segment. It offers these protective coatings along with anti-corrosive protection and fouling control technologies. Passive fire protection and aesthetic solutions are being offered by the company through the marine and protective coatings segment. The company has a strong global presence and operates in regions like Europe, Asia Pacific, South America, and the Middle East & Africa.
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