Industrial Coatings Market by Resin Type (Acrylic, Alkyd, Amino), Technology (High Solids, Powder, Solvent-Based), End-Users - Global Forecast 2024-2030


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Industrial Coatings Market by Resin Type (Acrylic, Alkyd, Amino), Technology (High Solids, Powder, Solvent-Based), End-Users - Global Forecast 2024-2030


The Industrial Coatings Market size was estimated at USD 106.42 billion in 2023 and expected to reach USD 110.59 billion in 2024, at a CAGR 4.43% to reach USD 144.17 billion by 2030.

Global Industrial Coatings Market The industrial coatings market comprises sales of specialized paints and coatings used to protect and adorn the surfaces of industrial structures and equipment. These coatings are designed to resist corrosion, abrasion, and other environmental factors, extending life and improving the durability of the objects they cover. The increasing automobile production and demand for high-performance coatings for aesthetics, durability, and protection against harsh conditions has significantly increased the demand for industrial coatings. Moreover, global government initiatives for infrastructure development have increased the demand for coatings to protect and enhance the longevity of structures. However, volatile raw material prices and stringent regulations regarding the usage of solvent-borne coatings pose significant challenges. Moreover, potential disruptions in the supply chain due to factors such as raw material shortages, transportation issues, or geopolitical tensions can hamper the market's growth. Furthermore, technological advancements such as self-healing, anti-microbial, and smart coatings present significant potential for market expansion. Growing industrialization and urbanization in developing economies can create significant growth opportunities for the increased use of industrial coatings.Regional InsightsThe APAC region is rapidly expanding in terms of industrial coatings demand, largely due to the booming industrial and manufacturing sectors in China, Japan, and India. Customers in APAC have shown a strong preference for environmentally friendly coatings, driving manufacturers to invest in green technologies and water-based coatings. High-performance anti-corrosion coatings for the automotive and marine industries are particularly in demand, translating to an increased focus on research into durable and sustainable coatings. In the Americas, the United States is experiencing a steady demand for high-quality, innovative coatings products, and Canada's market is experiencing growth aligned with its expanding oil and gas sector that demands specialized pipeline coatings. There is a significant trend towards eco-friendly coatings in the Americas, driven by stringent environmental regulations and consumer awareness. Purchases in the Americas region are largely influenced by long-term cost savings through energy-efficient coatings and the lifetime value that advanced coatings technologies offer. In the EMEA region, the EU countries exhibit a well-regulated market with stringent standards, particularly concerning reducing VOCs and using non-toxic materials in coatings. The Middle East, while less stringent, is rapidly adopting similar European norms, partly due to its strong trade ties with EU countries. In Africa, the market is more diversified, with certain regions focusing on cost-effective and basic coatings while others are slowly moving towards more specialized products.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Coatings Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Coatings Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Coatings Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Arkema S.A., Axalta Coating Systems, Ltd., BASF SE, Chugoku Marine Paints, Ltd., Covestro AG, DIC Corporation, Hempel A/S, Hexion Inc., Huntsman International LLC, Kansai Paint Co., Ltd., KCC Corporation, Kraton Corporation, Kukdo Chemical Co Ltd, Mitsui Chemicals, Inc, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., S.C. Brenntag S.R.L., Sika AG, The Chemours Company FC, LLC, The Sherwin-Williams Company, and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Industrial Coatings Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin Type
Acrylic

Alkyd

Amino

Epoxy

Fluoropolymer

Nitrocellulose

Technology
High Solids

Powder

Solvent-Based

UV- & EB-Cured Technology

Water-Based

End-Users
Aerospace

Automotive

General Industrial

Marine

Packaging

Rail

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Coatings Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Coatings Market?
3. What are the technology trends and regulatory frameworks in the Industrial Coatings Market?
4. What is the market share of the leading vendors in the Industrial Coatings Market?
5. Which modes and strategic moves are suitable for entering the Industrial Coatings Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Industrial Coatings Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing need for efficient process and durable coatings with better aesthetics
5.1.1.2. Rising demand in the coatings for the marine and automotive industries
5.1.1.3. Increasing demand for environmentally-friendly industrial coatings
5.1.2. Restraints
5.1.2.1. Requirement of more drying time for water-based coatings
5.1.3. Opportunities
5.1.3.1. Emergence of attractive prospects for powder coatings in shipbuilding and pipeline sectors
5.1.3.2. Development of new technologies for increased product lifetime and reduced maintenance
5.1.4. Challenges
5.1.4.1. Environmental concerns associated with industrial coatings
5.2. Market Segmentation Analysis
5.2.1. Resin Type: Growing demand for epoxy coatings in industrial plants and marine settings
5.2.2. Technology: Increasing adoption of high solids coatings due to their outstanding durability and resistance to abrasion
5.2.3. End-Users: Significant use of industrial coating in the aerospace and automotive industry
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Industrial Coatings Market, by Resin Type
6.1. Introduction
6.2. Acrylic
6.3. Alkyd
6.4. Amino
6.5. Epoxy
6.6. Fluoropolymer
6.7. Nitrocellulose
7. Industrial Coatings Market, by Technology
7.1. Introduction
7.2. High Solids
7.3. Powder
7.4. Solvent-Based
7.5. UV- & EB-Cured Technology
7.6. Water-Based
8. Industrial Coatings Market, by End-Users
8.1. Introduction
8.2. Aerospace
8.3. Automotive
8.4. General Industrial
8.5. Marine
8.6. Packaging
8.7. Rail
9. Americas Industrial Coatings Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Industrial Coatings Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.
10. South Korea
10.
11. Taiwan
10.
12. Thailand
10.
13. Vietnam
11. Europe, Middle East & Africa Industrial Coatings Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.
10. Nigeria
11.
11. Norway
11.
12. Poland
11.
13. Qatar
11.
14. Russia
11.
15. Saudi Arabia
11.
16. South Africa
11.
17. Spain
11.
18. Sweden
11.
19. Switzerland
11.
20. Turkey
11.
21. United Arab Emirates
11.
22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Nippon Paint India Acquires Vibgyor Paints and Chemicals
12.3.2. New Product Launch & Enhancement
12.3.2.1. Advancion Launches Multi-Functional Etheramine for Waterborne Industrial Coatings
12.3.2.2. Clariant To Showcase New Portfolio Of Industrial Coatings and PTFE-Free Additives at Chinacoat 2023
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Akzo Nobel N.V.
13.1.2. Arkema S.A.
13.1.3. Axalta Coating Systems, Ltd.
13.1.4. BASF SE
13.1.5. Chugoku Marine Paints, Ltd.
13.1.6. Covestro AG
13.1.7. DIC Corporation
13.1.8. Hempel A/S
13.1.9. Hexion Inc.
13.1.
10. Huntsman International LLC
13.1.
11. Kansai Paint Co., Ltd.
13.1.
12. KCC Corporation
13.1.
13. Kraton Corporation
13.1.
14. Kukdo Chemical Co Ltd
13.1.
15. Mitsui Chemicals, Inc
13.1.
16. Nippon Paint Holdings Co., Ltd.
13.1.
17. PPG Industries, Inc.
13.1.
18. RPM International Inc.
13.1.
19. S.C. Brenntag S.R.L.
13.1.
20. Sika AG
13.1.
21. The Chemours Company FC, LLC
13.1.
22. The Sherwin-Williams Company
13.1.
23. Wacker Chemie AG
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. INDUSTRIAL COATINGS MARKET RESEARCH PROCESS
FIGURE 2. INDUSTRIAL COATINGS MARKET SIZE, 2023 VS 2030
FIGURE 3. INDUSTRIAL COATINGS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. INDUSTRIAL COATINGS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. INDUSTRIAL COATINGS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. INDUSTRIAL COATINGS MARKET DYNAMICS
FIGURE 7. INDUSTRIAL COATINGS MARKET SIZE, BY RESIN TYPE, 2023 VS 2030 (%)
FIGURE 8. INDUSTRIAL COATINGS MARKET SIZE, BY RESIN TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. INDUSTRIAL COATINGS MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 10. INDUSTRIAL COATINGS MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. INDUSTRIAL COATINGS MARKET SIZE, BY END-USERS, 2023 VS 2030 (%)
FIGURE 12. INDUSTRIAL COATINGS MARKET SIZE, BY END-USERS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS INDUSTRIAL COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS INDUSTRIAL COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES INDUSTRIAL COATINGS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES INDUSTRIAL COATINGS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC INDUSTRIAL COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC INDUSTRIAL COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL COATINGS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. INDUSTRIAL COATINGS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. INDUSTRIAL COATINGS MARKET SHARE, BY KEY PLAYER, 2023

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