Industrial Coatings Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Industrial Coatings Market: By Resin (Polyurethane, Epoxy, Acrylic, Polyester, and Alkyd), By Technology (Solvent, Water, Powder, and High Solids), By End Use Industry (Aerospace, Automotive, Consumer Durables, Industrial, Marine, Wood, Transportation, and Others), and Geography

 

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Report

Description

The global industrial coatings market is expected to be valued at US$ 83,482.1 Mn in 2020 and growing at a CAGR of 6.1% over the forecast period to reach US$ 123.3 Bn by 2027. 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, global industrial coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed 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 Asia Pacific region are the major factors driving the growth of the market over the forecast period. Furthermore, 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 are being 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.

Industrial Coatings Market

MARKET SUMMARY
-
6.1%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 6.1%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Industrial Coatings Market

  • The report on global industrial coatings market gives historical, current and future market sizes (US$ Mn) based on by Resin, by Technology, End Use Industry and region.
  • Industrial Coatings Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Market Key Players
  • Akzo Nobel N.V.
  • Asian Paints Ltd.
  • xalta Coating Systems Ltd, LLC
  • BASF SE
  • Beckers Group
  • Berger Paints India Limited
  • Chemetall
  • DowDuPont
  • Evonik Industries AG
Growth

Industrial Coatings Market

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 Got Significant Share

Industrial Coatings 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 the 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global industrial coatings market expanding at significant CAGR over 2021 to 2027 owing to rise in the number of automotive manufacturing plants.
  • Based on region, Asia Pacific accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market

Key

Key Features of the Report

Industrial Coatings Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

 

Report

Company Profile

  • 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
  • Diamond Paints US
  • DowDuPont
  • Evonik Industries AG
  • Guangdong Carpoly Chemical Group Co., Ltd.
  • Hempel A/S
  • Henkel & Co. KGaA AG
  • The Jotun Group
  • Kansai Paint Co., Ltd.
  • Nippon Paint Co. Ltd.
  • PPG Industries, Inc.
  • RPM International Inc.
  • Sika AG
  • The Sherwin-Williams Company
  • Wacker Chemie AG
  • Yip’s Chemical Holdings Limited
  • Yung Chi Paint and Varnishing Mfg. Co., Ltd.

Description

The global industrial coatings market is expected to be valued at US$ 83,482.1 Mn in 2020 and growing at a CAGR of 6.1% over the forecast period to reach US$ 123.3 Bn by 2027. 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, global industrial coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed 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 Asia Pacific region are the major factors driving the growth of the market over the forecast period. Furthermore, 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 are being 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.

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