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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

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

The global MRO protective coatings market 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 oil & gas, marine, infrastructure, petrochemical, power generation, water treatment, and other applications. The increasing demand for renovation activities in infrastructure segment and extended product lifetime driving the MRO protective coatings market in the industrial and infrastructure end-use industry.

“Low Friction Coatings is the fastest-growing product type of MRO protective coatings, in terms of value.”
Low-friction coatings are used in various applications such as fasteners, studs, bolts, nuts, connectors, bearings, valves, shafts, and pipework. The low-friction coatings help in establishing the underwater plants with friction and corrosion resistance to improve the performance and life cycle of the components. Similarly, low-friction coatings protect the power infrastructure from friction to reduce wear and tear as well as the noise produced due to friction. Where liquid lubricants cannot be employed, these anti-friction coatings offer friction control and surface release solutions for a variety of industrial applications. The growth of the low-friction coatings market is highly dependent on the growth of the major end-use industries. These coatings are mostly used in oil & gas, power transmission items, and ammunition components, among others.

“Oil & Gas is the second highest growing application of MRO protective coatings, in terms of value and volume.”
In the oil & gas industry, intense and hazardous operations are carried out. Protective coatings are applied on the surface of reactor vessels, transport pipelines, battery limit floors, reactors, and control systems where rigorous operating parameters are used for carrying out processes. Protective coatings also have applications in high-temperature operations such as reactors, furnaces, and heated pipelines to prevent damage to the surface and functionality of the equipment. Fire protection coatings are widely used to protect expensive reactors and equipment in the event of accidental fire or explosions. These coatings also provide passive personnel protection.

One of the most difficult environments a coatings system might encounter is offshore oil & gas production. A coating system's lifespan could be cut short by continuous exposure to choppy seas and protracted exposure to penetrating UV radiation. Coatings must have a long service life in offshore conditions, though, where frequent maintenance is not an option. Given the nature of the work, they frequently necessitate advanced people safety considerations. These could include high visibility colors, non-slip coatings for decks, and coatings that are resistant to fire and heat. The technological advancement in offshore structures and oil & gas exploration, production, and transmission has increased the challenges for all the operating parties. The massive structures are challenging to manage and protect from environmental and other deteriorating processes, and therefore, there is an increase in the usage of protective coatings.

“India is the fastest-growing MRO protective coatings market.”
India is the fastest-growing MRO protective coatings market in Asia Pacific. Trade agreements with countries such as the US, Australia, China, the UAE, and Japan are expected to result in companies in these countries investing significantly in India during the next five years. The oil & gas sector is among the eight core industries in India and plays a major role in influencing decision-making for all the other important sectors of the economy. The oil & gas industry in India is growing robustly, and players are investing to cater to the rising demand. According to the India Brand Equity Foundation (IBEF), the industry is expected to attract investments worth USD 25 billion in exploration and production by 2022. The refining capacity of the country is expected to increase to 667 MTPA by 2040. The government has allowed 100% FDI in upstream and private sector refining projects. The FDI limit for public sector refining projects has been raised to 49% without any disinvestment or dilution of domestic equity in the existing PSUs. Increasing FDI investments in the manufacturing sector and shifting manufacturing facilities from developed regions to India are expected to support the growth of the MRO protective coatings market.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:
•By Company Type- Tier 1- 37%, Tier 2- 33%, and Tier 3- 30%
•By Designation- C Level- 50%, Director Level- 20%, and Executives- 30%
•By Region- Europe- 50%, Asia Pacific- 20%, North America- 15%, South America-5%, MEA-10%

The report provides a comprehensive analysis of company profiles listed below:
•China Jushi Co., Ltd. (China)
•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)
•Hempel A/S (Denmark)

Research Coverage
This report covers the global MRO protective coatings market and forecasts the market size until 2027. The report includes the market segmentation –Product Type (Abrasion Resistant Coatings, Low Friction Coatings, Corrosion Resistance Coatings, and Intumescent Coatings), Application (Marine, Oil & Gas, Petrochemicals, Infrastructure, Power Generation, Water Treatment), and Region (Europe, North America, Asia Pacific, South America, and Middle East & Africa). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global MRO protective coatings market.

Key benefits of buying the report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global MRO protective coatings market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the MRO protective coatings market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.

Reasons to buy the report:
The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall MRO protective coatings market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Table of Content

1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.2.1INCLUSIONS AND EXCLUSIONS28
1.3MARKET SCOPE28
1.3.1MRO PROTECTIVE COATINGS MARKET SEGMENTATION28
1.3.2REGIONS COVERED29
1.3.3YEARS CONSIDERED29
1.4CURRENCY CONSIDERED29
1.5UNIT CONSIDERED30
1.6RESEARCH LIMITATIONS30
1.7STAKEHOLDERS30
1.8SUMMARY OF CHANGES30
2RESEARCH METHODOLOGY31
2.1RESEARCH APPROACH31
FIGURE 1MRO PROTECTIVE COATINGS MARKET: RESEARCH DESIGN32
2.2BASE NUMBER CALCULATION33
2.2.1MARKET SIZE ESTIMATION33
2.2.2MARKET SIZE CALCULATION, BY APPLICATION33
2.3FORECAST NUMBER CALCULATION34
2.3.1SECONDARY DATA34
2.3.1.1Key data from secondary sources34
2.3.2PRIMARY DATA35
2.3.2.1Key data from primary sources35
2.3.2.2Primary interviews from top MRO protective coating manufacturers35
2.3.2.3Breakdown of primary interviews36
2.3.2.4Key industry insights36
2.4MARKET SIZE ESTIMATION36
2.4.1BOTTOM-UP APPROACH37
FIGURE 2MRO PROTECTIVE COATINGS MARKET: BOTTOM-UP APPROACH37
2.4.2TOP-DOWN APPROACH37
FIGURE 3MRO PROTECTIVE COATINGS MARKET: TOP-DOWN APPROACH37
2.5DATA TRIANGULATION38
FIGURE 4MRO PROTECTIVE COATINGS MARKET: DATA TRIANGULATION38
2.6FACTOR ANALYSIS39
2.7RESEARCH ASSUMPTIONS39
2.8MARKET GROWTH RATE ASSUMPTIONS/GROWTH FORECAST40
2.9RESEARCH LIMITATIONS40
2.10RISKS ASSOCIATED WITH MRO PROTECTIVE COATINGS MARKET40
3EXECUTIVE SUMMARY41
FIGURE 5CORROSION RESISTANCE COATINGS SEGMENT LED MRO PROTECTIVE COATINGS MARKET IN 202142
FIGURE 6MARINE APPLICATION LED MRO PROTECTIVE COATINGS MARKET IN 202142
FIGURE 7CHINA TO LEAD GLOBAL MRO PROTECTIVE COATINGS MARKET DURING FORECAST PERIOD43
FIGURE 8ASIA PACIFIC LED GLOBAL MRO PROTECTIVE COATINGS MARKET IN 202144
4PREMIUM INSIGHTS45
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MRO PROTECTIVE COATINGS MARKET45
FIGURE 9INCREASING DEMAND FROM END-USE INDUSTRIES ATTRACTING INVESTMENTS45
4.2MRO PROTECTIVE COATINGS MARKET, BY PRODUCT TYPE45
FIGURE 10CORROSION RESISTANCE COATINGS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 202145
4.3MRO PROTECTIVE COATINGS MARKET, BY APPLICATION46
FIGURE 11MARINE INDUSTRY WAS LARGEST APPLICATION SEGMENT IN 202146
4.4MRO PROTECTIVE COATINGS MARKET, BY KEY COUNTRY46
FIGURE 12MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD46
5MARKET OVERVIEW47
5.1MARKET DYNAMICS47
FIGURE 13DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MRO PROTECTIVE COATINGS MARKET47
5.1.1DRIVERS48
5.1.1.1High demand for longer product lifetime and reduced maintenance48
5.1.1.2Growing demand from infrastructure industry48
5.1.1.3Increasing need for efficient processes and longer life of equipment and devices48
5.1.1.4Inclination of facility managers toward having effective coating maintenance plan49
5.1.2RESTRAINTS49
5.1.2.1High prices of raw materials and energy49
5.1.2.2Stringent regulatory policies50
TABLE 1ALLOWABLE VOC CONTENT BY THE OZONE TRANSPORT COMMISSION (OTC), GRAMS/LITER50
5.1.3OPPORTUNITIES51
5.1.3.1Increasing demand for maintenance of existing substrates51
5.1.3.2New products drive use of MRO protective coatings51
5.1.3.3Increasing use of nano-coatings51
5.1.4CHALLENGES52
5.1.4.1Acceptance of new technologies among end users52
5.1.4.2Development of cost-effective products under stringent environmental regulations52
5.2PORTER’S FIVE FORCES ANALYSIS52
FIGURE 14MRO PROTECTIVE COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS53
5.2.1BARGAINING POWER OF BUYERS53
5.2.2BARGAINING POWER OF SUPPLIERS53
5.2.3THREAT OF NEW ENTRANTS54
5.2.4THREAT OF SUBSTITUTES54
5.2.5INTENSITY OF COMPETITIVE RIVALRY54
TABLE 2MRO PROTECTIVE COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS54
5.3SUPPLY CHAIN ANALYSIS55
TABLE 3MRO PROTECTIVE COATINGS MARKET: SUPPLY CHAIN55
5.4PRICING ANALYSIS56
5.4.1AVERAGE SELLING PRICE, BY APPLICATION56
FIGURE 15AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP 3 APPLICATIONS (USD/TON)56
5.4.2AVERAGE SELLING PRICE, BY REGION56
TABLE 4MRO PROTECTIVE COATINGS AVERAGE SELLING PRICE, BY REGION56
TABLE 5MRO PROTECTIVE COATINGS AVERAGE SELLING PRICE, BY PRODUCT TYPE57
5.5KEY STAKEHOLDERS & BUYING CRITERIA57
5.5.1KEY STAKEHOLDERS IN BUYING PROCESS57
FIGURE 16INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS57
TABLE 6INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS57
5.5.2BUYING CRITERIA58
FIGURE 17KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS58
TABLE 7KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS58
5.6TECHNOLOGY ANALYSIS58
5.7MRO PROTECTIVE COATINGS MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS60
TABLE 8MRO PROTECTIVE COATINGS MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS60
5.7.1OPTIMISTIC SCENARIO60
5.7.2PESSIMISTIC SCENARIO60
5.7.3REALISTIC SCENARIO60
5.8KEY CONFERENCES & EVENTS IN 2022–202360
TABLE 9COSMETIC PRESERVATIVES MARKET: DETAILED LIST OF CONFERENCES & EVENTS60
5.9GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON MRO PROTECTIVE COATINGS MARKET62
5.9.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS62
TABLE 10NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS62
TABLE 11EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS63
TABLE 12ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS64
TABLE 13REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS64
5.9.2REGULATIONS IN THE MRO PROTECTIVE COATINGS MARKET65
5.9.2.1Coatings standard65
TABLE 14BASIC COATING SYSTEM REQUIREMENTS FOR DEDICATED SEAWATER BALLAST TANKS OF ALL TYPES OF SHIPS AND DOUBLE-SIDE SKIN SPACES OF BULK CARRIERS OF 150 M AND UPWARDS66
5.10MRO PROTECTIVE COATINGS MARKET ECOSYSTEM70
5.11VALUE CHAIN ANALYSIS70
FIGURE 18VALUE CHAIN ANALYSIS70
5.12TRADE ANALYSIS71
TABLE 15COUNTRY-WISE EXPORT DATA: PAINTS AND VARNISHES BASED ON ACRYLIC OR VINYL POLYMERS, DISPERSED OR DISSOLVED IN AN AQUEOUS MEDIUM, 202171
TABLE 16COUNTRY-WISE EXPORT DATA: PAINTS AND VARNISHES BASED ON ACRYLIC OR VINYL POLYMERS, DISPERSED OR DISSOLVED IN A NON-AQUEOUS MEDIUM, 202173
TABLE 17COUNTRY-WISE IMPORT DATA: PAINTS AND VARNISHES BASED ON ACRYLIC OR VINYL POLYMERS, DISPERSED OR DISSOLVED IN AN AQUEOUS MEDIUM, 202176
TABLE 18COUNTRY-WISE IMPORT DATA: PAINTS AND VARNISHES BASED ON ACRYLIC OR VINYL POLYMERS, DISPERSED OR DISSOLVED IN A NON-AQUEOUS MEDIUM, 202178
5.13CASE STUDY ANALYSIS81
5.14TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS82
5.15PATENT ANALYSIS83
5.15.1INTRODUCTION83
5.15.2METHODOLOGY83
5.15.3DOCUMENT TYPE83
TABLE 19MRO PROTECTIVE COATINGS MARKET: GLOBAL PATENTS83
FIGURE 19GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE84
FIGURE 20GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST TEN YEARS84
5.15.4INSIGHTS84
5.15.5LEGAL STATUS OF PATENTS85
FIGURE 21MRO PROTECTIVE COATINGS MARKET: LEGAL STATUS OF PATENTS85
5.15.6JURISDICTION ANALYSIS85
FIGURE 22GLOBAL JURISDICTION ANALYSIS85
5.15.7ANALYSIS OF TOP APPLICANTS86
FIGURE 23INSTITUTE OF METAL RESEARCH, CHINESE ACADEMY OF SCIENCES HAS HIGHEST NUMBER OF PATENTS86
5.15.8LIST OF PATENTS BY INSTITUTE OF METAL RESEARCH (IMR), CHINESE ACADEMY OF SCIENCES (CAS)86
5.15.9LIST OF PATENTS BY GENERAL ELECTRIC COMPANY87
5.15.10LIST OF PATENTS BY HONEYWELL INTERNATIONAL INC.88
5.15.11LIST OF PATENTS BY HYUNDAI MOTOR COMPANY89
5.15.12TOP TEN PATENT OWNERS (US) DURING LAST TEN YEARS89
6MRO PROTECTIVE COATINGS MARKET, BY PRODUCT TYPE90
6.1INTRODUCTION91
FIGURE 24CORROSION RESISTANCE COATINGS TO LEAD THE MRO PROTECTIVE COATINGS MARKET91
TABLE 20MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)92
TABLE 21MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)92
6.2MRO ABRASION RESISTANT COATINGS92
6.2.1MOST WIDELY USED IN POWER GENERATION INDUSTRY92
FIGURE 25EUROPE TO LEAD MRO ABRASION RESISTANT COATINGS MARKET93
TABLE 22MRO ABRASION RESISTANT COATINGS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)93
TABLE 23MRO ABRASION RESISTANT COATINGS MARKET SIZE, BY REGION, 2020–2027 (KILOTON)93
6.3MRO LOW FRICTION COATINGS94
6.3.1OFFER FRICTION CONTROL AND SURFACE RELEASE SOLUTIONS WHERE LIQUID LUBRICANTS CANNOT BE USED94
FIGURE 26ASIA PACIFIC TO LEAD MRO LOW FRICTION COATINGS MARKET94
TABLE 24MRO LOW FRICTION COATINGS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)94
TABLE 25MRO LOW FRICTION COATINGS MARKET SIZE, BY REGION, 2020–2027 (KILOTON)95
6.4MRO CORROSION RESISTANCE COATINGS95
6.4.1INCREASE IN LIFE SPAN OF PRODUCTS WHILE ENHANCING THEIR EFFICIENCY95
TABLE 26MRO CORROSION RESISTANCE COATINGS MARKET SIZE, BY RESIN TYPE, 202196
FIGURE 27ASIA PACIFIC TO LEAD MRO CORROSION RESISTANCE COATINGS MARKET96
TABLE 27MRO CORROSION RESISTANCE COATINGS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)96
TABLE 28MRO CORROSION RESISTANCE COATINGS MARKET SIZE, BY REGION, 2020–2027 (KILOTON)97
6.5MRO INTUMESCENT COATINGS97
6.5.1WIDELY USED AS FIRE-RESISTANT BARRIER FOR SUBSTRATES97
FIGURE 28EUROPE TO LEAD MRO INTUMESCENT COATINGS MARKET98
TABLE 29MRO INTUMESCENT COATINGS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)98
TABLE 30MRO INTUMESCENT COATINGS MARKET SIZE, BY REGION, 2020–2027 (KILOTON)99

7MRO PROTECTIVE COATINGS MARKET, BY APPLICATION100
7.1INTRODUCTION101
FIGURE 29MARINE SEGMENT TO LEAD MRO PROTECTIVE COATINGS MARKET101
TABLE 31MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)102
TABLE 32MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)102
7.2MARINE103
7.2.1SHIPPING STANDARDS TO INCREASE SALES OF PROTECTIVE COATINGS103
FIGURE 30ASIA PACIFIC TO LEAD MARINE INDUSTRY IN MRO PROTECTIVE COATINGS MARKET103
TABLE 33MRO PROTECTIVE COATINGS MARKET SIZE IN MARINE APPLICATION, BY REGION, 2020–2027 (USD MILLION)104
TABLE 34MRO PROTECTIVE COATINGS MARKET SIZE IN MARINE APPLICATION, BY REGION, 2020–2027 (KILOTON)104
7.3OIL & GAS105
7.3.1THERMAL RESISTANCE AND FIRE PROTECTION COATINGS TO DRIVE MARKET IN OFFSHORE AND OIL & GAS INDUSTRIES105
FIGURE 31ASIA PACIFIC TO LEAD OIL & GAS INDUSTRY IN MRO PROTECTIVE COATINGS MARKET105
TABLE 35MRO PROTECTIVE COATINGS MARKET SIZE IN OIL & GAS APPLICATION, BY REGION, 2020–2027 (USD MILLION)106
TABLE 36MRO PROTECTIVE COATINGS MARKET SIZE IN OIL & GAS APPLICATION, BY REGION, 2020–2027 (KILOTON)106
7.4PETROCHEMICALS107
7.4.1TANK LININGS AND SAFETY COATINGS TO INCREASE DEMAND107
FIGURE 32ASIA PACIFIC TO LEAD PETROCHEMICALS INDUSTRY IN MRO PROTECTIVE COATINGS MARKET107
TABLE 37MRO PROTECTIVE COATINGS MARKET SIZE IN PETROCHEMICALS APPLICATION, BY REGION, 2020–2027 (USD MILLION)107
TABLE 38MRO PROTECTIVE COATINGS MARKET SIZE IN PETROCHEMICALS APPLICATION, BY REGION, 2020–2027 (KILOTON)108
7.5INFRASTRUCTURE108
7.5.1MULTIPURPOSE PROPERTIES TO LEAD TO EXPANSION OF MARKET IN INFRASTRUCTURE INDUSTRY108
FIGURE 33ASIA PACIFIC TO LEAD INFRASTRUCTURE INDUSTRY IN MRO PROTECTIVE COATINGS MARKET109
TABLE 39MRO PROTECTIVE COATINGS MARKET SIZE IN INFRASTRUCTURE APPLICATION, BY REGION, 2020–2027 (USD MILLION)109
TABLE 40MRO PROTECTIVE COATINGS MARKET SIZE IN INFRASTRUCTURE APPLICATION, BY REGION, 2020–2027 (KILOTON)109
7.6POWER GENERATION110
7.6.1MAINTENANCE SYSTEMS AND STRUCTURES PROTECTED WITH COATINGS110
FIGURE 34ASIA PACIFIC TO LEAD POWER GENERATION INDUSTRY IN MRO PROTECTIVE COATINGS MARKET110
TABLE 41MRO PROTECTIVE COATINGS MARKET SIZE IN POWER GENERATION APPLICATION, BY REGION, 2020–2027 (USD MILLION)111
TABLE 42MRO PROTECTIVE COATINGS MARKET SIZE IN POWER GENERATION APPLICATION, BY REGION, 2020–2027 (KILOTON)111
7.7WATER TREATMENT112
7.7.1ABRASION AND CHEMICAL RESISTANCE PROPERTIES112
FIGURE 35ASIA PACIFIC TO LEAD WATER TREATMENT INDUSTRY IN MRO PROTECTIVE COATINGS MARKET112
TABLE 43MRO PROTECTIVE COATINGS MARKET SIZE IN WATER TREATMENT APPLICATION, BY REGION, 2020–2027 (USD MILLION)112
TABLE 44MRO PROTECTIVE COATINGS MARKET SIZE IN WATER TREATMENT APPLICATION, BY REGION, 2020–2027 (KILOTON)113
7.8OTHERS113
FIGURE 36ASIA PACIFIC TO LEAD OTHER INDUSTRIES IN MRO PROTECTIVE COATINGS MARKET113
TABLE 45MRO PROTECTIVE COATINGS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2027 (USD MILLION)114
TABLE 46MRO PROTECTIVE COATINGS MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2027 (KILOTON)114
8MRO PROTECTIVE COATINGS MARKET, BY REGION115
8.1INTRODUCTION116
FIGURE 37INDIA TO BE FASTEST-GROWING MRO PROTECTIVE COATINGS MARKET DURING FORECAST PERIOD116
FIGURE 38MRO PROTECTIVE COATINGS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027117
TABLE 47MRO PROTECTIVE COATINGS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)117
TABLE 48MRO PROTECTIVE COATINGS MARKET SIZE, BY REGION, 2020–2027 (KILOTON)117
8.2ASIA PACIFIC118
FIGURE 39ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SNAPSHOT119
TABLE 49ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)119
TABLE 50ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)120
TABLE 51ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)120
TABLE 52ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)120
TABLE 53ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)121
TABLE 54ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)121
8.2.1CHINA122
8.2.1.1Rising demand from renovation activities122
TABLE 55CHINA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)122
TABLE 56CHINA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)123
8.2.2INDIA123
8.2.2.1Increased FDI and shifting of manufacturing facilities123
TABLE 57INDIA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)124
TABLE 58INDIA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)124
8.2.3JAPAN125
8.2.3.1Investments in natural gas pipelines125
TABLE 59JAPAN: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)125
TABLE 60JAPAN: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)126
8.2.4SOUTH KOREA126
8.2.4.1Rising demand from infrastructure and oil & gas industries126
TABLE 61SOUTH KOREA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)127
TABLE 62SOUTH KOREA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)127
8.2.5REST OF ASIA PACIFIC128
TABLE 63REST OF ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)128
TABLE 64REST OF ASIA PACIFIC: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)128
8.3NORTH AMERICA129
FIGURE 40NORTH AMERICA: MRO PROTECTIVE COATINGS MARKET SNAPSHOT129
TABLE 65NORTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)130
TABLE 66NORTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)130
TABLE 67NORTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)130
TABLE 68NORTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)131
TABLE 69NORTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)131
TABLE 70NORTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)131
8.3.1US132
8.3.1.1Presence of major manufacturers in oil & gas sector132
TABLE 71US: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)132
TABLE 72US: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)133
8.3.2CANADA133
8.3.2.1Presence of numerous oil & gas industries133
TABLE 73CANADA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)133
TABLE 74CANADA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)134
8.3.3MEXICO134
8.3.3.1Major expansion plans in oil & gas sector134
TABLE 75MEXICO: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)135
TABLE 76MEXICO: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)135
8.4EUROPE135
FIGURE 41EUROPE: MRO PROTECTIVE COATINGS MARKET SNAPSHOT136
TABLE 77EUROPE: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)137
TABLE 78EUROPE: MRO PROTECTIVE COATINGS MARKET, BY COUNTRY, 2020–2027 (KILOTON)137
TABLE 79EUROPE: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)138
TABLE 80EUROPE: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)138
TABLE 81EUROPE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)138
TABLE 82EUROPE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)139
8.4.1GERMANY139
8.4.1.1Increasing demand from power generation and marine industries139
TABLE 83GERMANY: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)140
TABLE 84GERMANY: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)140
8.4.2FRANCE141
8.4.2.1Large-scale investments in infrastructure and chemical industries141
TABLE 85FRANCE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)141
TABLE 86FRANCE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)141
8.4.3UK142
8.4.3.1Growing power generation industry142
TABLE 87UK: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)142
TABLE 88UK: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)142
8.4.4ITALY143
8.4.4.1Construction industry to fuel growth143
TABLE 89ITALY: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)143
TABLE 90ITALY: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)143
8.4.5RUSSIA144
8.4.5.1Increased requirement for power generation144
TABLE 91RUSSIA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)144
TABLE 92RUSSIA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)145
8.4.6TURKEY145
8.4.6.1Dependence on natural gas supply impacts market growth145
TABLE 93TURKEY: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)146
TABLE 94TURKEY: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)146
8.4.7REST OF EUROPE147
TABLE 95REST OF EUROPE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)147
TABLE 96REST OF EUROPE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)147
8.5MIDDLE EAST & AFRICA148
TABLE 97MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)148
TABLE 98MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)149
TABLE 99MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)149
TABLE 100MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)149
TABLE 101MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)150
TABLE 102MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)150
8.5.1SAUDI ARABIA151
8.5.1.1Upgrades to infrastructure fueling growth of industrial maintenance coatings market151
TABLE 103SAUDI ARABIA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)151
TABLE 104SAUDI ARABIA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)151
8.5.2UAE152
8.5.2.1Presence of major manufacturers in industrial maintenance coatings market152
TABLE 105UAE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)152
TABLE 106UAE: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)153
8.5.3SOUTH AFRICA153
8.5.3.1Surge in demand for coated products in oil & gas industry153
TABLE 107SOUTH AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)154
TABLE 108SOUTH AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)154
8.5.4REST OF MIDDLE EAST & AFRICA155
TABLE 109REST OF MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)155
TABLE 110REST OF MIDDLE EAST & AFRICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)155
8.6SOUTH AMERICA156
TABLE 111SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)156
TABLE 112SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)156
TABLE 113SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)157
TABLE 114SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)157
TABLE 115SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)157
TABLE 116SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)158
8.6.1BRAZIL158
8.6.1.1Presence of major oil & gas manufacturer158
TABLE 117BRAZIL: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)159
TABLE 118BRAZIL: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)159
8.6.2ARGENTINA159
8.6.2.1Increase in population and improved economic conditions159
TABLE 119ARGENTINA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)160
TABLE 120ARGENTINA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)160
8.6.3REST OF SOUTH AMERICA161
TABLE 121REST OF SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)161
TABLE 122REST OF SOUTH AMERICA: MRO PROTECTIVE COATINGS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)161
9COMPETITIVE LANDSCAPE162
9.1INTRODUCTION162
9.2MARKET SHARE ANALYSIS162
FIGURE 42MRO PROTECTIVE COATINGS MARKET SHARE OF TOP COMPANIES162
TABLE 123DEGREE OF COMPETITION: MRO PROTECTIVE COATINGS MARKET163
9.3MARKET RANKING163
FIGURE 43RANKING OF TOP FIVE PLAYERS IN MRO PROTECTIVE COATINGS MARKET163

9.4MARKET EVALUATION FRAMEWORK164
TABLE 124MRO PROTECTIVE COATINGS MARKET: DEALS, 2018–2022164
TABLE 125MRO PROTECTIVE COATINGS MARKET: OTHERS, 2018–2022168
TABLE 126MRO PROTECTIVE COATINGS MARKET: NEW PRODUCT DEVELOPMENT, 2018–2022168
9.5REVENUE ANALYSIS OF TOP MARKET PLAYERS170
FIGURE 44REVENUE ANALYSIS OF TOP MARKET PLAYERS170
9.6COMPANY EVALUATION MATRIX171
TABLE 127COMPANY FOOTPRINT171
TABLE 128COMPANY PRODUCT TYPE FOOTPRINT171
TABLE 129COMPANY APPLICATION FOOTPRINT172
TABLE 130COMPANY REGION FOOTPRINT172
9.6.1STRENGTH OF PRODUCT PORTFOLIO173
FIGURE 45PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MRO PROTECTIVE COATINGS MARKET173
9.6.2BUSINESS STRATEGY EXCELLENCE173
FIGURE 46BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MRO PROTECTIVE COATINGS MARKET173
9.7COMPANY EVALUATION QUADRANT (TIER 1)174
9.7.1STAR174
9.7.2PERVASIVE174
9.7.3PARTICIPANTS174
9.7.4EMERGING LEADERS174
FIGURE 47MRO PROTECTIVE COATINGS MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2021175
9.8COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES176
TABLE 131MRO PROTECTIVE COATINGS MARKET: DETAILED LIST OF KEY START-UPS/SMES176
TABLE 132MRO PROTECTIVE COATINGS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES177
9.9START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX178
9.9.1PROGRESSIVE COMPANIES178
9.9.2RESPONSIVE COMPANIES178
9.9.3DYNAMIC COMPANIES178
9.9.4STARTING BLOCKS178
FIGURE 48MRO PROTECTIVE COATINGS MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2021179

10COMPANY PROFILES180
(Business Overview, Products Offered, New product/Technology development, Deals, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
10.1KEY PLAYERS180
10.1.1THE SHERWIN-WILLIAMS COMPANY180
TABLE 133THE SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW180
FIGURE 49THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT181
10.1.2AKZO NOBEL N.V.185
TABLE 134AKZO NOBEL N.V.: COMPANY OVERVIEW185
FIGURE 50AKZO NOBEL N.V.: COMPANY SNAPSHOT186
10.1.3HENKEL AG & CO. KGAA189
TABLE 135HENKEL AG & CO, KGAA: COMPANY OVERVIEW189
FIGURE 51HENKEL AG & CO. KGAA: COMPANY SNAPSHOT190
10.1.4BASF SE192
TABLE 136BASF SE: COMPANY OVERVIEW192
FIGURE 52BASF SE: COMPANY SNAPSHOT193
10.1.5H.B. FULLER196
TABLE 137H.B. FULLER: COMPANY OVERVIEW196
FIGURE 53H.B. FULLER: COMPANY SNAPSHOT197
10.1.6PPG INDUSTRIES200
TABLE 138PPG INDUSTRIES: COMPANY OVERVIEW200
FIGURE 54PPG INDUSTRIES: COMPANY SNAPSHOT201
10.1.7JOTUN209
TABLE 139JOTUN: COMPANY OVERVIEW209
FIGURE 55JOTUN: COMPANY SNAPSHOT210
10.1.8NIPPON PAINT HOLDINGS CO., LTD.216
TABLE 140NIPPON PAINT HOLDINGS CO., LTD.: COMPANY OVERVIEW216
FIGURE 56NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT217
10.1.9AXALTA COATING SYSTEMS221
TABLE 141AXALTA COATINGS SYSTEMS: COMPANY OVERVIEW221
FIGURE 57AXALTA COATING SYSTEMS: COMPANY SNAPSHOT222
10.1.10HEMPEL A/S225
TABLE 142HEMPEL A/S: COMPANY OVERVIEW225
FIGURE 58HEMPEL A/S: COMPANY SNAPSHOT226
10.2OTHER PLAYERS232
10.2.1GENERAL MAGNAPLATE CORPORATION232
10.2.2TEKNOS GROUP232
10.2.3WEILBURGER COATINGS GMBH232
10.2.4SIKA AG232
10.2.5CHUGOKU MARINE PAINTS LTD.232
10.2.6RPM INTERNATIONAL INC.233
10.2.7KANSAI PAINT CO., LTD.233
10.2.8REMA TIP TOP233
10.2.9BELZONA INTERNATIONAL LTD.233
10.2.10CHEMCO INTERNATIONAL LTD.233
*Details on Business Overview, Products Offered, New product/Technology development, Deals, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
11APPENDIX234
11.1DISCUSSION GUIDE234
11.2KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL236
11.3CUSTOMIZATION OPTIONS238
11.4RELATED REPORTS238
11.5AUTHOR DETAILS239

Report Title: 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


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