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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Industrial Coatings Market size was valued at US$ 83,482.1 Mn in 2022 and growing at a CAGR of 6.1% over the forecast period to reach US$ 123.3 Bn by 2029. 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 global industrial coatings 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.

Global Industrial Coatings Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.1%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Industrial Coatings Market Dynamics

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.

Key Features of the Reports

  • Global industrial coatings market expanding at significant CAGR over 2023 to 2029 owing to rise in the number of automotive manufacturing plants.
  • Based on region, Asia Pacific accounted for larger market revenue share in 2022 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

Global Industrial Coatings Market Segmentation

By Resin
  • Polyurethane
  • Epoxy
  • Acrylic
  • Polyester
  • Alkyd
By Technology
  • Solvent
  • Water
  • Powder
  • High Solids
By End Use Industry
  • Aerospace
  • Automotive
  • Consumer Durables
  • Industrial
  • Marine
  • Wood
  • Transportation
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The industrial coatings market size was valued at USD 83,482.1 Mn in 2022.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

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, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Polyurethane
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Solvent
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. Aerospace
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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 ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Resin Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 
  • 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.

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