The report of Industrial Coatings Market, By Resin (Polyurethane, Fluoropolymers, Polyester, Acrylic, Alkyd, Epoxy, and Others) Type (High Solids, Solvent, Powder, and Water) End-Users (Automotive OEM, General Industrial, Construction, Marine, Aerospace, Wood, Packaging and Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 95.86 Bn by 2027, at a CAGR of 4.10% during a forecast period.
Mounting bio-based practices such as green products and buildings intending lot of opportunities for the growth of the market and will boost the industrial coating market.
End-user segment is expected to grow at the highest CAGR of XX% during the forecast period.
The general industrial sector accounts for the majority of the demand in the global industrial coating market. The general industrial segment held approximately 45.5% in the global industrial coating market. Industrial coatings are used in the general industry to protect the structure from corrosion, UV radiation, wear and tear, and augment its efficiency.
The Asia Pacific region dominated the Industrial Coatings Market in 2019.
Regionally, Asia Pacific region is expected to witness the noticeable growth during the forecast period. As the automotive industries and electronics sectors are showing constant advancement and development will highly demand industrial coating for their products expected to boost the market during 2020-2027.
Major Key player’s executing in the global industrial coatings market are, The Sherwin-Williams Company, Weilburger Coatings GmbH, Axalta Coating Systems, LLC, Nippon Paint Holdings Co., Ltd, Noroo Paint & Coatings Co., Ltd, RPM International Inc, PPG Industries, Akzo Nobel N.V, Hempel A/S, Kansai Paint Co. Ltd, Teknos Group, Tikkurila OYJ, BASF SE, Valspar, and Jotun.
Maximize Market Research, a global market research with a dedicated team of specialists and, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Industrial Coatings Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Industrial Coatings Market positioning of competitors.
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