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Industrial Coatings Market: By Resin, By Technology, By End Use Industry, and Region Forecast 2020-2031
Industrial Coatings Market: By Resin, By Technology, By End Use Industry, and Region Forecast 2020-2031
Industrial Coatings Market size was valued at US$ 88,575 million in 2024 and is expected to reach US$ 134,065 million by 2031, growing at a significant CAGR of 6.1% from 2025-2031. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product Opportunities).
Owing to increasing demand for environmentally friendly industrial coatings coupled with rising demand from the Asia Pacific region are the major factors driving the growth of the market over the forecast period. Furthermore, the rise in the usage of nano-coatings and incessant demand for novel products with lifetime and reduced maintenance are expected to boost the growth of the market. Moreover, the number of automobile manufacturing plants is continuously increased which creates huge opportunities for the coatings to enhance the market. However, stringent regulatory guidelines and difficulty in obtaining thin films in powder coatings are anticipated to hinder the growth of the market.
Study Period
2025-2031Base Year
2024CAGR
6.1%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
The harmful and hazardous properties of solvent-borne coatings on human health and environment, shared with the depiction of environmental guidelines by the international agencies, are preventing the growth of the solvent-borne coatings market. This has led to the development of eco-friendly coatings by the manufacturers and end users started using the new product introduced into the market.
Asia-Pacific is leading the global market and is expected to grow with significant CAGR owing to rapid urbanization in the region mainly in the emerging countries such as India, China, Indonesia etc., availability of labors at low cost and raw materials are prices are also less in the region coupled with the increasing number of automotive manufacturing plants in the region are estimated to drive the growth of the market over the forecast period. In 2018, China remained the leader in industrial coatings market and support by the government in India by initiating Make in India has boosted the growth of the market in recent years. Constructions and buildings in the Asia Pacific region are anticipated to drive the growth of the market over the future years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 88,575 million |
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Market Size in 2031 |
US$ 134,065 million |
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Market CAGR |
6.1% |
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By Resin |
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By Technology |
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By End Use Industry |
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By Region |
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The industrial coatings market size was valued at US$ 88,575 million in 2024 and is expected to reach US$ 134,065 million by 2031, growing at a significant CAGR of 6.1% from 2025-2031.
Asia-pacific is the fastest-growing region for market.
Akzo Nobel N.V., Asian Paints Ltd., xalta Coating Systems Ltd, LLC, BASF SE, Beckers Group, Berger Paints India Limited, Chemetall, Chugoku Marine Paints Ltd., Croda International PLC
| 1.Executive Summary |
| 2.Global Industrial Coatings Market Introduction |
| 2.1.Global Industrial Coatings Market - Taxonomy |
| 2.2.Global Industrial Coatings Market - Definitions |
| 2.2.1.Resin |
| 2.2.2.Technology |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Industrial Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Industrial Coatings Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Industrial Coatings Market By Resin, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Polyurethane |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Epoxy |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Acrylic |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Polyester |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Alkyd |
| 5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Industrial Coatings Market By Technology, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Solvent |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Water |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Powder |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. High Solids |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Industrial Coatings Market By End User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Aerospace |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Automotive |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Consumer Durables |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Industrial |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Marine |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Wood |
| 7.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Transportation |
| 7.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 7.8. Others |
| 7.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.8.3. Market Opportunity Analysis |
| 8.Global Industrial Coatings Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Industrial Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Resin Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polyurethane |
| 9.1.2.Epoxy |
| 9.1.3.Acrylic |
| 9.1.4.Polyester |
| 9.1.5.Alkyd |
| 9.2. Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Solvent |
| 9.2.2.Water |
| 9.2.3.Powder |
| 9.2.4.High Solids |
| 9.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Aerospace |
| 9.3.2.Automotive |
| 9.3.3.Consumer Durables |
| 9.3.4.Industrial |
| 9.3.5.Marine |
| 9.3.6.Wood |
| 9.3.7.Transportation |
| 9.3.8.Others |
| 9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Industrial Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polyurethane |
| 10.1.2.Epoxy |
| 10.1.3.Acrylic |
| 10.1.4.Polyester |
| 10.1.5.Alkyd |
| 10.2. Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Solvent |
| 10.2.2.Water |
| 10.2.3.Powder |
| 10.2.4.High Solids |
| 10.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Aerospace |
| 10.3.2.Automotive |
| 10.3.3.Consumer Durables |
| 10.3.4.Industrial |
| 10.3.5.Marine |
| 10.3.6.Wood |
| 10.3.7.Transportation |
| 10.3.8.Others |
| 10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Industrial Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polyurethane |
| 11.1.2.Epoxy |
| 11.1.3.Acrylic |
| 11.1.4.Polyester |
| 11.1.5.Alkyd |
| 11.2. Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Solvent |
| 11.2.2.Water |
| 11.2.3.Powder |
| 11.2.4.High Solids |
| 11.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Aerospace |
| 11.3.2.Automotive |
| 11.3.3.Consumer Durables |
| 11.3.4.Industrial |
| 11.3.5.Marine |
| 11.3.6.Wood |
| 11.3.7.Transportation |
| 11.3.8.Others |
| 11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Industrial Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polyurethane |
| 12.1.2.Epoxy |
| 12.1.3.Acrylic |
| 12.1.4.Polyester |
| 12.1.5.Alkyd |
| 12.2. Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Solvent |
| 12.2.2.Water |
| 12.2.3.Powder |
| 12.2.4.High Solids |
| 12.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Aerospace |
| 12.3.2.Automotive |
| 12.3.3.Consumer Durables |
| 12.3.4.Industrial |
| 12.3.5.Marine |
| 12.3.6.Wood |
| 12.3.7.Transportation |
| 12.3.8.Others |
| 12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Industrial Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Resin Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Polyurethane |
| 13.1.2.Epoxy |
| 13.1.3.Acrylic |
| 13.1.4.Polyester |
| 13.1.5.Alkyd |
| 13.2. Technology Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Solvent |
| 13.2.2.Water |
| 13.2.3.Powder |
| 13.2.4.High Solids |
| 13.3. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Aerospace |
| 13.3.2.Automotive |
| 13.3.3.Consumer Durables |
| 13.3.4.Industrial |
| 13.3.5.Marine |
| 13.3.6.Wood |
| 13.3.7.Transportation |
| 13.3.8.Others |
| 13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Akzo Nobel N.V. |
| 14.2.2.Asian Paints Ltd. |
| 14.2.3.xalta Coating Systems Ltd, LLC |
| 14.2.4.BASF SE |
| 14.2.5.Beckers Group |
| 14.2.6.Berger Paints India Limited |
| 14.2.7.Chemetall |
| 14.2.8.Chugoku Marine Paints Ltd. |
| 14.2.9.Croda International PLC |
| 14.2.10.Diamond Paints US |
| 14.2.11.DowDuPont |
| 14.2.12.Evonik Industries AG |
| 14.2.13.Guangdong Carpoly Chemical Group Co., Ltd. |
| 14.2.14.Hempel A/S |
| 14.2.15.Henkel & Co. KGaA AG |
| 14.2.16.The Jotun Group |
| 14.2.17.Kansai Paint Co., Ltd. |
| 14.2.18.Nippon Paint Co. Ltd. |
| 14.2.19.PPG Industries, Inc. |
| 14.2.20.RPM International Inc. |
| 14.2.21.Sika AG |
| 14.2.22.The Sherwin-Williams Company |
| 14.2.23.Wacker Chemie AG |
| 14.2.24.Yip's Chemical Holdings Limited |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.