Japan 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 |
Japan Protective Coatings Market Analysis
The Japan protective coatings market is expected to reach $548 million by the end of this year and is projected to register a CAGR of over 4% during the forecast period. The COVID-19 pandemic has negatively affected the current study market. However, post COVID-19 pandemic, the market's growth, the need for protective coatings, and the rising implementation of infrastructural projects have revived the demand for protective coatings in the country.
- Growing infrastructure and industrialization are expected to drive the country's protective coatings market.
- Fluctuations in the prices of raw materials are expected to hamper the market's growth.
- The rising demand for powder coatings is expected to offer various opportunities for market growth during the forecast period.
The market for protective coatings in the country is expected to be led by the infrastructure coatings segment in the end-user segment.
Japan Protective Coatings Market Trends
This section covers the major market trends shaping the Japan Protective Coatings Market according to our research experts:
The acrylic resins segment expected to register higher growth rate
- Acrylic resins are used as protective coatings because they are shiny, last a long time outside, don't rust, don't react with chemicals, don't dissolve in solvents, and are hard.
- The application of acrylic protective coatings is primarily found in the construction industry for high-end finishing on roofs, decks, bridges, floors, and other surfaces. Water-based acrylic coatings are in high demand owing to environmental concerns, like the negative impact of VOCs on the air quality in the environment.
- The Japanese government has recently begun construction on the Hokkaido Shinkansen (Shinkansen in the Hokkaido Area) between Shin-Aomori Station in Aomori Prefecture on the island of Honshu and Sapporo Station on the island of Hokkaido (361 kilometers).The project is expected to be completed by 2031.
- The Japanese government also started the Linear Motor Car Maglev Bullet Train Project, which is currently under development and will run between the Shinagawa Station in Tokyo and the Shin-Osaka Station in Osaka (a total distance of 285.6 kilometers).
- Furthermore, price increases in the country's epoxy and polyurethane markets have pushed acrylic coatings in the short term, wherever substitution is possible.
- During the forecast period, all of the above coatings are likely to be made out of resins for acrylic resin-based protective marketing.
The infrastructure segment to dominate the market
- The backbone of modern cities is the protective coatings that are put on steel, which is often used for public buildings, stadiums, and transportation hubs.Steel bridges need to be protected from corrosion to keep their structural strength and appearance over time. Protective coatings are the most common way to do this.
- Japan is a major country for skyscrapers and high-rise buildings, making it a significant market for consumption. The country hosts various high-rise buildings (nearly 290), with Tokyo being a major hub for such structures. In Japan, there is some growth in the planning and building of these kinds of facilities in the near future.
- Some construction projects include two high-rise towers for Tokyo Station: a 37-story, 230-meter office tower and a 61-story, 390-meter office tower, both due for completion in 2027. One of the most significant redevelopment projects includes the Yaesu redevelopment project for old buildings into new offices, hotels, residences, retail stores, and educational facilities, which is due to be completed by 2023.
- Japan recently announced the USD 463 million Minami Koiwa 6-Chome District Type One Urban Redevelopment Project, which involves the construction of three blocks on 0.9 ha of land in Edogawa-ku, Tokyo, Japan.
During the forecast period, the market for protective coatings is likely to be driven by all of the above factors.
Japan Protective Coatings Industry Overview
The Japanese protective coatings market is fragmented in nature. Some of the market's major players (not in any particular order) include Akzo Nobel N.V., PPG Industries, Inc, Sherwin-Williams Company, Kansai Paint Co. Ltd., and Nippon Paint Holdings Co., Ltd.
Japan Protective Coatings Market Leaders
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Akzo Noble N.V.
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PPG Industries, Inc.
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The Sherwin-Williams Company
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Kansai Paint Co. Ltd
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Nippon Paint Holdings Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
Japan Protective Coatings Market News
- The recent developments pertaining to the major players in the market are being covered in the complete study.
Japan 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 Drivers
4.1.1 Growing Infrastructure and Industrialization in Russia
4.1.2 Increasing demand from Japan's Oil and gas industry
4.2 Restraints
4.2.1 The Fluctuations in the prices of raw materials
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Value in USD Million)
5.1 End-user Industry
5.1.1 Oil and Gas
5.1.2 Mining
5.1.3 Power
5.1.4 Infrastructure
5.1.5 Other End-user Industries
5.2 Technology
5.2.1 Waterborne
5.2.2 Solventborne
5.2.3 Powder Coatings
5.2.4 UV-Cured
5.3 Resin Type
5.3.1 Acrylic
5.3.2 Epoxy
5.3.3 Alkyd
5.3.4 Polyurethane
5.3.5 Polyester
5.3.6 Others
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 AGC Cortec Co., Ltd.
6.4.2 Akzo Noble N.V.
6.4.3 Axalta Coatings Systems
6.4.4 BASF SE
6.4.5 Chugoku Marine Paints, Ltd.
6.4.6 DAI NIPPON TORYO CO.,LTD.
6.4.7 H.B. Fuller Company
6.4.8 Jotun
6.4.9 Kansai Paint Co. Ltd
6.4.10 NIPPON PAINT HOLDINGS CO.,LTD.
6.4.11 PPG Industries, Inc.
6.4.12 RPM International Inc.
6.4.13 Sika AG
6.4.14 The Sherwin-Williams Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 The rising demand for Powder Coatings in Protective coatings end user industries.
Japan Protective Coatings Industry Segmentation
Protective coatings are materials applied to substrate surfaces of steel and concrete structures to protect them from environmental damage and corrosion. The market involves the usage of coatings on new designs, as well as the maintenance of existing systems. These structures can include industrial, commercial, and public infrastructure but exclude house buildings and private apartments. The protective coatings market is segmented by end-user industry, technology, and resin type. By end-user industry, the market is segmented into oil and gas, mining, power, infrastructure, and other end-user industries. By technology, the market is segmented into solvent-borne, waterborne, powder, and UV-cured. The market is segmented by resin type: acrylic, epoxy, alkyd, polyurethane, polyester, and others. The report offers market size and forecasts. The market is segmented by resin type: for revenue (USD million) for all the above segments.
Japan Protective Coatings Market Research FAQs
What is the current Japan Protective Coatings Market size?
The Japan 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 Japan Protective Coatings Market?
Akzo Noble N.V., PPG Industries, Inc., The Sherwin-Williams Company, Kansai Paint Co. Ltd and Nippon Paint Holdings Co., Ltd. are the major companies operating in the Japan Protective Coatings Market.
What years does this Japan Protective Coatings Market cover?
The report covers the Japan Protective Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan Protective Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Protective Coatings Industry Report
Statistics for the 2024 Japan Protective Coatings market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Japan 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.
