Russia 2K Protective Coatings Market Outlook

. the russian protective coatings market has a lot of potential, as the country is gaining economic stability and political stability. the russian economy is expected to grow from 9.2% in 2017 to 3.6% in 2021 and from 0.9% in 2021-2025 to 1.3% in 2021-2030. this surge in growth is likely to drive the demand for protective coatings, and the market for protective coatings in russia is expected to be robust. russia is the world’s largest coatings producer with a large range of products, including high-end and high performance coatings. the coatings sector of russia occupies a significant part of industrial production, accounting for about 19% of total manufacturing output and 20% of value-added industrial output. the coatings industry of russia has grown by 9.7% annually from 2010 to 2016, and is expected to maintain this momentum in the forecast period. the rising demand for protective coatings in various sectors such as automotive, marine, oil and gas, industrial machinery, and others is expected to be the major driver of the market growth. in russia, there are a large number of protective coatings manufacturers, with the leading companies being akzonobel, smp karbon, promasil, ppg industries, kcc, and das.these companies have large production capacities and advanced technologies for coating protection, enabling them to be competitive in the market. additionally, the presence of stringent environmental regulations related to voc emission levels in the industrial sector is forcing industrial producers to opt for protective coatings, boosting the market growth. the russian protective coatings industry is involved in continuous innovation and technology upgrades to improve existing products and introduce innovative solutions to the market. professional coatings dentification and classification organisation in russia continuously collates information about the evolution of new products and technologies, enhancing the technical capabilities and expertise of the russian producers to provide eco-friendly products and energy efficiency. in addition, with increased investment in infrastructure development, such as road expansion, bridge construction, commercial and residential building, the protective coating sector is expected to be a key contributor to the overall economic growth. the high demand for protective coatings is expected to continue in the future, supported by increases in production and gdp growth.