Industrial Coatings Market, by Category (Water-borne, Solvent-borne, Powder, E-coat, and Others), by Resin Type (Polyurethanes, Epoxy, Acrylic, Fluorpolymers, and Others), by Application (General Industrial Equipment, Automotive Coatings, Coil & Extrusion

Industrial Coatings Market, by Category (Water-borne, Solvent-borne, Powder, E-coat, and Others), by Resin Type (Polyurethanes, Epoxy, Acrylic, Fluorpolymers, 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, 2022 - 2028

The global industrial coatings market is expected to exhibit a CAGR of 5.5% during the forecast period, owing to increasing demand from various industries. Growth of the automobile industry is expected to drive demand for paints and coatings from the industry, which is further expected to drive demand for powder coatings over the forecast period. The increase in transportation and transit of consumer goods, people, and raw materials have boosted growth of the automobile industry. For instance, according to the China Association of Automobile Manufacturers (CAAM), in September 2021, the production and sales of commercial vehicles in China reached 345,000 and 340,000 units, respectively, which showed an increase of 15.8% and 11.6% when compared to the previous month, and up by 4% and 1.9% year on year, respectively. Moreover, according to the European Automobile Manufacturers Association (ACEA), in December 2021, commercial vehicle registrations increased by 5.7% across the European Union (EU). Moreover, according to the same source, in EU, demand for commercial vehicles increased by 2.5% in 2021, marking the seventh consecutive year of growth.
Among category, water-borne segment is expected to be the fastest growing region during the forecast period (2022-2028). 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 comprises 80% water along with 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 as well. 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 demand for water-borne technology in commercial vehicle paints & coatings market.
Key features of the study:
This report provides in-depth analysis of industrial coatings market, and provides market size (US$ Million and KT) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity 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 upgradation, 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:
General 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
U.S.
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Canada
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Europe
U.K.
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Italy
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
France
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Germany
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Spain
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Russia
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Rest of Europe
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Asia Pacific
China
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
India
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Japan
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
ASEAN
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Australia
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Rest of Asia Pacific
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Latin America
Brazil
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Argentina
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Mexico
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Rest of Latin America
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Middle East & Africa
Middle East
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Africa
By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
By Application:
General Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others
Company Profiles
Akzo Nobel N.V.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
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
The Sherwin-Williams Company
“*” marked represents similar segmentation in other categories in the respective section.