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Industrial Coatings Market

Industrial Coatings Market Size and Segment by Technology (Waterborne, Solvent borne, Powder Coatings, Others), By Resin (Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Vinyl, Fluoropolymer, Others), By End-Use Industry (General Industrial, Protective, Automotive Refinish, Automotive OEM, Industrial Wood, Marine, Coil, Packaging, Aerospace, Rail), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1709 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Industrial Coatings Market Size was valued at USD 103.5 billion in 2021, and is expected to reach USD 131.68 billion by 2028, and grow at a CAGR of 3.5% over the forecast period 2022-2028.  Chemical resistance, water resistance, durability, impact resistance, abrasion resistance, and UV light resistance are just a few of the features those industrial coatings have. Industrial coatings are in high demand in a variety of applications, including concrete, steel, board, wall, roofs, and other industrial materials. In addition, increased environmental concerns and rigorous VOC regulations are boosting demand for water and powder-based industrial coatings. As a result, the following variables will contribute to the Industrial Coatings Industry's overall growth throughout the predicted period.

Industrial Coatings Market Revenue Graph

Market Dynamics:

Drivers:

  • VOC emissions in coating resins are being reduced.

  • Low polluting coating technologies 

  • The environment-friendly nature

Restraints:

  • Differentiate between the market products by market players.

  • The harmful environmental impact.

Opportunity:

  • To put money into the shipbuilding and pipeline industries

Challenge:

  • A rising number of government regulatory rules are being implemented.

  • Increasing emphasis on complying with state and local wastewater discharge rules.

Key Players:

The Sherwin-Williams Company, PPG Industries, Inc., Axalta Coating Systems, Akzo Nobel N.V., and other players.

Market Segmentation:

By Technology

  • Waterborne

  • Solventborne

  • Powder Coatings

  • Others

By Resin

  • Acrylic

  • Alkyd

  • Epoxy

  • Polyester

  • Polyurethane

  • Vinyl

  • Fluoropolymer

  • Others

By End-Use Industry

  • General Industrial

  • Protective

  • Automotive Refinish

  • Automotive OEM

  • Industrial Wood

  • Marine

  • Coil

  • Packaging

  • Aerospace

  • Rail

Industrial Coatings Market Segment Pie Chart

Regional Analysis:

The APAC region is expected to develop the most due to the goals of expanding the industrial coatings market share throughout the forecast period, which will finish in 2028. The APAC area is generally driven by the emergence of opportunities, which is followed by the availability of vast quantities of dependable labour at low market rates. Low raw material prices, along with a massive increase in the population in metropolitan areas, will enable the market grow at a rapid pace during the projection period. Furthermore, the construction sector in the Indian subcontinent has been on a massive upswing, which is accelerating due to increased government backing for the sector and the development of infrastructure and new projects like bridges, buildings, and metros that are on the way of expanded development in various market areas. 

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Industrial Coatings Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 103.5 Billion
Market Size by 2028 US$ 131.68 Billion
CAGR CAGR of 3.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Technology (Waterborne, Solvent borne, Powder Coatings, Others)
• By Resin (Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Vinyl, Fluoropolymer, Others)
• By End-Use Industry (General Industrial, Protective, Automotive Refinish, Automotive OEM, Industrial Wood, Marine, Coil, Packaging, Aerospace, Rail)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles The Sherwin-Williams Company, PPG Industries, Inc., Axalta Coating Systems, Akzo Nobel N.V., and other players.
DRIVERS • VOC emissions in coating resins are being reduced.
• Low polluting coating technologies
• The environment-friendly nature
Restraints • Differentiate between the market products by market players.
• The harmful environmental impact.


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report

 

Ans: Differentiate between the market products by market players and The harmful environmental impact are the restraints for Industrial Coatings Market.

 

Ans: Chemical resistance, water resistance, durability, impact resistance, abrasion resistance, and UV light resistance are just a few of the features of industrial coatings.

Ans: Industrial Coatings Market Size was valued at USD 103.5 billion in 2021, and expected to reach USD 131.68 billion by 2028, and grow at a CAGR of 3.5 % over the forecast period 2022-2028.  


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Industrial Coatings Market Segment, By Technology

8.1 Waterborne

8.2 Solventborne

8.3 Powder Coatings

8.4 Others (UV- and EB-cured technologies)

 

9. Industrial Coatings Market Segment, By Resin

9.1 Acrylic

9.2 Alkyd

9.3 Epoxy

9.4 Polyester

9.5 Polyurethane

9.6 Vinyl

9.7 Fluoropolymer

9.8 Others

 

10. Industrial Coatings Market Segment, By End-Use Industry

10.1 General Industrial

10.2 Protective

10.3 Automotive Refinish

10.4 Automotive OEM

10.5 Industrial Wood

10.6 Marine

10.7 Coil

10.8 Packaging

10.9 Aerospace

10.10 Rail

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

 

12. Company Profile

12.1 The Sherwin-Williams Company

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 PPG Industries, Inc.

12.3 Axalta Coating Systems

12.4 Akzo Nobel N.V.

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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