by Precedence Research a new report on Industrial Coatings Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global Industrial Coatings market size was valued at US$ 85.63 billion in 2021. The global Industrial Coatings market is projected to reach US$ 111.93 billion by 2030, registering a compound annual growth rate (CAGR) of 3% during the forecast period from 2022 to 2030.
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Table of Contents
Growth Factors:
Acrylic, alkyd, epoxy, polyesters, fluoropolymers, and other common polymers are used to make industrial coatings. The water resistance, abrasion resistance, chemical resistance, and ultraviolet radiation resistance are all attributes of the industrial coatings. Industrial coatings are in high demand for a variety of applications, including steel, concrete, wall, roofs, and other industrial materials.
The industrial coatings market expansion is being aided by rising demand for protective coatings and increased use of corrosion resistant coatings. On the other hand, the liquid coatings’ negative environmental impact is projected to stifle the industrial coatings market expansion. In the coming future, rising demand for long-lasting products is expected to provide an opportunity for the industrial coatings market.
Report Scope of the Industrial Coatings Market
| Report Coverage | Details |
| Market Size by 2030 | USD 111.93 Billion |
| GrowtH Rate from 2022 to 2030 | CAGR of 3% |
| Asia Pacific Market Share in 2021 | 45.5% |
| Acrylic Segment Market Share in 2021 | 35.5% |
| Solvent Borne Market Share in 2021 | 35.3% |
| Companies Mentioned | Hempel A/S, PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, LLC, Jotun, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. |
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The global Industrial Coatings market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2027. The report offers a detailed analysis and information as per Industrial Coatings, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
Report Highlights
- Based on the product, the acrylic segment dominated the global industrial coatings market in 2020 with highest market share. Acrylic industrial coatings are widely utilized in automotive, aerospace, and automobile industries due to qualities including corrosion resistance, suppressing ability, better adhesion, quick drying, and corrosion resistance.
- Based on the technology, the solvent borne segment dominated the global industrial coatings market in 2020 with highest market share. Solvent borne industrial coatings are widely utilized in a variety of industries such as marine, oil, gas, and automotive. Lower drying times and enhanced performance in open and humid environments are predicted to propel the growth of the segment.
- Based on the end use, the general industry segment dominated the global industrial coatings market in 2020 with highest market share. The utilization of industrial coatings in construction, packaging, and agriculture is included in the general industry segment.
Some of the prominent players in the Industrial Coatings market include:
- Hempel A/S
- PPG Industries, Inc.
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- Jotun
- The Sherwin-Williams Company
- Nippon Paint Holdings Co., Ltd.
Segments Covered in the Report
By Technology
- Powder Based
- Solvent Borne
- Water-Borne
- Others
By Product
- Epoxy
- Acrylic
- Alkyd
- Polyurethane
- Polyester
- Others
By End-user
- Electronics
- Aerospace
- General Industrial
- Marine
- Mining
- Power Generation
- Automotive & Vehicle Refinish
- Oil & Gas
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
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Key Questions are
- What are the key factors influencing the Industrial Coatings market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global Industrial Coatings market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global Industrial Coatings market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global Industrial Coatings market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global Industrial Coatings market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Industrial Coatings are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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