Industrial Coatings Market, By Category (Water-borne, Solvent-borne, Powder, E-coat, and Others), By Resin Type (Polyurethanes, Epoxy, Acrylic, Fluoropolymers, and Others), By Application (General Industrial Equipment, Automotive Coatings, Coil & Extrusion, Energy & Power, Packaging, Marine, Aerospace, Rail, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
The global industrial coatings market has diverse end users and is tied to multiple industries. The drivers of the global industrial coatings market are population growth, improved standard of living, infrastructure growth, global Growth Domestic Product growth, and growth in the construction industry. Lighting fixtures, antennas, and electrical components are some of the powder-coated products used daily. The key factor driving the growth of the market includes increasing demand from end-use industries. The global industrial, by end-use industry in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for industrial coatings.
Market Dynamics
The global industrial coatings market is expected to exhibit a CAGR of 6.7% during the forecast period, owing to increasing demand from various industries. Growth of the automotive industry is expected to drive demand for paints and coatings, which is further expected to drive demand for powder coatings over the forecast period. An increase in the transportation and transit of consumer goods, people, and raw materials.
Among category, the water-borne segment is expected to be the fastest-growing region during the forecast period (2023-2030). Water-borne coatings are surface coatings or finishes that make use of water as a solvent to disperse the resin added to it. The high content of water makes these coatings eco-friendly and easy to apply. Water-borne coatings comprise 80% water along with a small amount of other solvents such as glycol ethers, which are applied to a surface to disperse the resin. Due to its water content, these coatings possess properties such as low VOC, very low odor, and non-flammability. Water-borne coatings dry at a very fast rate and can be re-coated. Conventional coatings have VOC (volatile organic compound) content of about 84% (and 16% solids), while a waterborne base-coat comprises 70% water (and 20% solids) and 10% solvent. Stringent regulations on the use of VOC has increased the demand for water-borne technology in the commercial vehicle paints & coatings market.
Key features of the study:
This report provides an in-depth analysis of industrial coatings market, and provides market size (US$ Billion and KT) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial coatings market based on the following parameters– company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Akzo Nobel N.V., Axalta Coating Systems, BASF Coatings, Beckers Group, Berger Paints India Limited, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, NIPSEA Group, PPG Industries, Inc., Teknos Group, The Chemours Company, and The Sherwin-Williams Company
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up-gradation, market expansion, and marketing tactics
The global industrial coatings market report caters to various stakeholders in this industry including investors, suppliers, industrial coatings manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial coatings market
Detailed Segmentation:
Global Industrial Coatings Market, By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
Global Industrial Coatings Market, By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
Global Industrial Coatings Market, By Application :
Global Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Global Industrial Coatings Market, By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Company Profiles
Kazoo Nobel N.V
Axapta Coating Systems
BASF Coatings
Beckers Group
Berger Paints India Limited
Chugoku Marine Paints, Ltd.
Hempel A/S
Jotun
Kansai Paint Co., Ltd.
KCC Corporation
NIPSEA Group
PPG Industries, Inc.
Teknos Group
The Chemours Company
The Sherwin-Williams Compan
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Category
Market Snippet, By Resin Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
New Product Approvals/Launch
Promotion and Marketing Initiatives
Cost Tier Down Analysis
4. Global Industrial Coatings Market– Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Industrial Coatings Market, By Category, 2023-2030 (US$ Billion and Tons)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2023-2030 (%)
Segment Trends
Water-Bone
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Solvent-Bore
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Powder
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
E-coat
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
6. Global Industrial Coatings Market, By Resin Type, 2023-2030 (US$ Billion and Tons)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2023-2030 (%)
Segment Trends
Polyurethanes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Epoxy
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Powder
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Acrylic
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Fluoropolymer
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
7. Global Industrial Coatings Market, By Application, 2023-2030 (US$ Billion and Tons)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2023-2030 (%)
Segment Trends
General Industrial Equipment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Agriculture Equipment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Automotive Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Coil and Extrusion
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Energy and Power
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Marine
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Aerospace
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Rail
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Billion and Tons)
8. Global Industrial Coatings Market, By Region, 2023-2030 (US$ Billion and Tons)
Introduction
Market Share Analysis, By Region, 2023 and 2030
Y-o-Y Growth Analysis, By Region, 2023-2030 (%)
North America
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
U.S.
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Canada
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Europe
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
U.K.
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Germany
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
France
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Italy
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Spain
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Russia
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Rest of Europe
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Asia Pacific
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
China
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
India
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Japan
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
ASEAN
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Australia
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
South Korea
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Rest of Asia Pacific
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Latin America
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
Brazil
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Mexico
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Argentina
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Rest of Latin America
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Middle East
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023-2030 (%)
GCC
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Israel
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Rest of Middle East
Country Trends
Market Size and Forecast, By Product Type, 2023-2030 (US$ Billion and Tons)
Market Size and Forecast, By Application, 2023-2030 (US$ Billion and Tons)
Africa
Market Share Analysis, By Sub-region, 2023 and 2030
Y-o-Y Growth Analysis, By Sub-region, 2023-2030 (%)