Industrial Liquid Coating Market is expected to reach US$ 71 Bn by 2026 at CAGR of 6%. The industrial liquid coating market report is segmented by (product, application, resin, and region). Further the market by product is segmented by resin (polyester, epoxy, polyurethane, acrylic), by product (solvent based coating and water based coating), by application (agriculture & heavy equipment, oil & gas pipelines, metal structures, water & waste water pipelines, general industry and automotive) and by region(North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
Industrial liquid coatings are used in the oil & gas transmission pipelines along with the different equipment used in the drilling & oil production processes. Legislative support given by the new administration will eventually boost the industrial liquid coatings demand over the forecast. Increase in upstream activities and increasing investments in the midstream sector will support to gain the market. Government regulations concerned with VOCs emission is predicted to restrain the market.
Epoxy resin holds the largest share in market.
Epoxy resin has numerous application in various industry like high-performance coatings, electrical/electronic laminates and adhesives, flooring and paving applications, automotive, construction, aerospace industries, marine & protective coatings, can & coil coatings, ultra violet (UV) curable coatings. Owing to resistance to mold property, and the fact that they are monolithic epoxy resins can be used in food or pharmaceutical. Epoxy resins are also recommended for corrosion protection in chemical, pharmaceutical, energy, pulp industry, desulphurisation plants, water treatment plants.
Solvent Based coating are leading the market.
Solvent based coatings are is less susceptible to environmental conditions such as temperature and humidity during the curing process. Solvent base coatings dry quickly, offers thinner film, and is glossier.
Asia Pacific is predicted grow at highest CAGR during a forecast.
Significant rise in manufacturing industries in emerging countries such as China, South Korea and India will augment the entire industry demand in future. Increasing industrialization, urbanization, modification of infrastructure and migration of industries to china is driving the Asia Pacific market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Hempel, Brillux, Carpoly Chemical Group, Castagra Resin s, Henkel, Jamestown Coating Technologies, Premium Coatings and Chemicals, KATS Coatings, Masco, Zuelch Industrial Coatings, Weilburger Coatings, Superior Industrial Coating, Tikkurila Oyj, and Yip’s Chemical Holdings, Sherwin-Williams, PPG Industries, Axalta Coating Systems, AkzoNobel, and BASF. Additional noticeable companies in the industrial coatings market consist of RPM International, Nippon Paint, Sika, Kansai Paint, and Jotun. Burke Industrial Coatings, Chugoku Marine Paints, Aegis Industries, Diamond Vogel and Asian Paints.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global industrial liquid coating market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking 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 liquid coating market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global industrial liquid coating market positioning of competitors.
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Global industrial liquid coating market
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