Global Industrial Coating Market, By Resin (Acrylic, Polyurethane, Epoxy, Polyester, Fluoropolymers), Technology (Solvent-Based, Water-Based, Powder), End-Use (General Industrial, Automotive & Transportation, Marine Protective, Industrial Wood, Packaging), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Industrial Coating Market
The industrial coating market will grow at a rate of 3.45% for the forecast period of 2021 to 2028. Rise in the demand for environmentally-friendly coatings is a vital factor driving the growth of industrial coating market.
Industrial coatings are the type of products engineered specifically for their protective and functional properties. Industrial coatings are generally used for corrosion control of steel and concrete and are also used in numerous applications.
Rise in the need for efficient process and durable coatings with better aesthetics is the vital factor escalating the market growth, also rise in the demand from APAC, increase in the demand from the general industry, increase in the demand for environmentally friendly coatings due to the rising environmental concern and strict VOC norms and rise in the improvement in the living standards are the major factors among others driving the industrial coating market. Moreover, rise in the use of nano-coatings, increase in the attractive prospects for powder coatings in shipbuilding and pipeline sectors and rise in the continuous demand for extended product lifetime and reduced maintenance will further create new opportunities for the industrial coating market in the forecast period of 2021- 2028.
However, increase in the difficulty in obtaining thin films in powder coatings and rise in the requirement of more drying time for water-based coatings are the major factors among others acting as restraints, while stringent regulatory policies will further challenge the growth of industrial coating market in the forecast period mentioned above.
This industrial coating market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial Coating Market Scope and Market Size
The industrial coating market is segmented on the basis of resin, technology and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the industrial coating market is segmented into acrylic, polyurethane, epoxy, polyester and fluoropolymers.
- On the basis of technology, the industrial coating market is segmented into solvent-based, water-based and powder.
- The industrial coating market is also segmented on the basis of end-use into general industrial, automotive & transportation, marine protective, industrial wood and packaging.
Industrial Coating Market Country Level Analysis
The industrial coating market is analysed and market size, volume information is provided by country, resin, technology and end-use as referenced above.
The countries covered in the industrial coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial coating market due to rise in the presence of numerous end-users, increase in the demand from the general industry rapid industrialization, and urbanization in this region.
The country section of the industrial coating market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Coating Market Share Analysis
The industrial coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial coating market.
The major players covered in the industrial coating market report are PPG Industries, Inc, Nippon Paint Holdings Co., Ltd, Axalta Coating Systems, LLC, The Sherwin-Williams Company, Akzo Nobel N.V, Asian Paints Ltd, Jotun, Beckers Group, RPM International Inc, Kansai Paint Co., Ltd, Hempel A/S, KCC CORPORATION, Sika AG, NOROO Paint & Coatings Co., Ltd and Wacker Chemie AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-