Industrial Coatings Market In APAC 2023-2027
The industrial coatings market in APAC is forecasted to grow by USD 10.65 bn during 2022-2027, accelerating at a CAGR of 4.45% during the forecast period. The report on the industrial coatings market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surging demand for water-borne coatings, growing automotive industry in APAC, and increased focus on research and development (R&D).
Technavio's industrial coatings market in APAC is segmented as below:
- By Technology
- Waterborne
- Solvent-borne
- Powdered coatings
- UV-cured
- By Application
- General industrial
- Automotive OEMs
- Automotive refinishes
- Packaging and others
This study identifies the extension plans by vendors to enhance capacity as one of the prime reasons driving the industrial coatings market in APAC growth during the next few years. Also, emergence of self-cleaning and self-healing coatings and increasing focus on UV-curable coatings and nano coatings will lead to sizable demand in the market.
The report on the industrial coatings market in APAC covers the following areas:
- Industrial coatings market in APAC sizing
- Industrial coatings market in APAC forecast
- Industrial coatings market in APAC industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial coatings market in APAC vendors that include 3M Co., Akzo Nobel NV, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Beckers Group, Chugoku Marine Paints Ltd., Hempel AS, Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., NOROO Holdings Co. Ltd., Pidilite Industries Ltd., PPG Industries Inc., RPM International Inc., SK Kaken Co. Ltd., The Sherwin Williams Co., TOA Paint Thailand Public Co. Ltd., and Wacker Chemie AG. Also, the industrial coatings market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.