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.
VOC emissions in coating resins are being reduced.
Low polluting coating technologies
The environment-friendly nature
Differentiate between the market products by market players.
The harmful environmental impact.
To put money into the shipbuilding and pipeline industries
A rising number of government regulatory rules are being implemented.
Increasing emphasis on complying with state and local wastewater discharge rules.
The Sherwin-Williams Company, PPG Industries, Inc., Axalta Coating Systems, Akzo Nobel N.V., and other players.
By End-Use Industry
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
8.3 Powder Coatings
8.4 Others (UV- and EB-cured technologies)
9. Industrial Coatings Market Segment, By Resin
10. Industrial Coatings Market Segment, By End-Use Industry
10.1 General Industrial
10.3 Automotive Refinish
10.4 Automotive OEM
10.5 Industrial Wood
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 The Sherwin-Williams Company
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.
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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