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 & Extrusio

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, 2022 - 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 GDP 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 4.51 % 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 has boosted the automotive industry growth. For instance, according to the China Association of Automobile Manufacturers (CAAM), in September 2019, 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 2019, 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 2019, marking the seventh consecutive year of growth.

Among category, the water-borne segment is expected to be the fastest-growing region during the forecast period (2021-2030). 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$ Million and KT) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), 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:
• 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

U.S.

Canada

• Europe

U.K.

Italy

France

Germany

Spain

Russia

Rest of Europe

• Asia Pacific

China

India

Japan

ASEAN

Australia

Rest of Asia Pacific

• Latin America

Brazil

Argentina

Mexico

Rest of Latin America

• Middle East & Africa

Middle East

Africa

• 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