Industrial Coatings Market size was valued at US$ 106.3 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 4.1% through 2024 to 2030, reaching nearly US$ 130.2 Bn.Industrial Coatings Market Overview:
The Global Industrial Coatings Market size was valued at US$ 106.3 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 4.1% during the forecast period. Industrial coatings are products engineered specifically for their protective and functional properties. But while protection is their underlying goal, they also can be aesthetic. Most industrial coatings are used for corrosion control of concrete and steel, but they lie under a complex market umbrella and work in numerous areas. Also known as an original equipment manufacturer (OEM) coatings, these industrial-grade products can be used for a number of applications. Industrial coatings make up a large market, with hundreds of millions of gallons sold to customer industries per year.To know about the Research Methodology :- Request Free Sample Report
Industrial Coatings Market Dynamics:
The growth of the industrial coating market is driven by factors like development in construction projects that are demanding efficient coating for concrete or steel from corroding will boost the market growth. Properties like its use are to make the material less susceptible to fire or other hazards is creating the thirst in the market from a protection point of view by the numerous sector. Growing new coatings to prevent pipeline clogging which prevents the formation of ices on the inner surface of the pipes this may clog in the oil wells or pipelines. Ongoing research to solve such problems by the coting industry estimated to open several opportunities for the targeted market in near future. On the other hand, governmental pressure, and initiative to use bio-based coating for governmental vehicles like trains, railway tracks to meet the environmental need is considered as another factor to drive the market in the coming years. Additionally, nano-coating is considered as one of the key factors for the market growth owing to the growing demand aircraft engines sector to reduce fuel consumption will expand market popularity and demand across the globe. Furthermore, fluctuation in the cost of raw materials and the availability of substitutes in the market is hampering the growth of the industrial coating market.Industrial Coatings Market Segment Analysis:
The Global Industrial Coatings Market is segmented by Resin, Type, and End-Users. Based on the Resin, the market is segmented into Polyurethane, Fluoropolymers, Polyester, Acrylic, Alkyd, Epoxy, and Others. The acrylic resin segment is expected to hold the largest market share of xx% by 2030. Acrylic coatings are widely accepted and utilized in structural steel, construction equipment, pipes, industrial sites, heavy casting, metal coating, automotive, consumer appliances, and other applications. Properties that attract the vendors to invest and the various end-users to use for the final product coating include fire resistance, abrasion resistance, UV light resistance, vapor permeability, gloss retention, and high weathering resistance are fuelling its demand among the above-mentioned applications. Furthermore, other divisions where these coatings are used in various formulations including waterborne, solvent-borne, and powder-based. These are the key benefits that drive the growth of the acrylic resin segment in the global market during the forecast period. Based on the Technology, the market is segmented into High Solids, Solvents, Powder, and Water. The powder Technology segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Powder coating is a dry finishing procedure that involves electrostatically charging finely ground pigment and resin particles and spraying them onto electrically grounded components. For applications that demand the highest abrasion resistance and hardness, powder-based industrial coatings provide low VOC emission, improved performance, and cost-effectiveness. These are the key factor that drives the growth of the powder technology segment in the global market during the forecast period. Based on the End-Users, the market is segmented into Automotive OEM, General Industrial, Construction, Marine, Aerospace, Wood, Packaging, and Others. Automotive OEM segment is expected to grow rapidly at a CAGR of xx% during the forecast period. OEM (Original equipment manufacturer) is an important aspect of the automotive industry. Automotive equipment benefits from coatings since they are high-quality and long-lasting. OEM Coatings for automobiles have great mechanical qualities that protect them against scratches, the environment, and chemicals. Coatings applied to an automobiles interior elements increase the surface area of the vehicles body. These are the key benefits that drives the growth of the Automotive OEM segment in the global market during the forecast period.Industrial Coatings Market Regional Insights:
Asia Pacific dominates the global industrial coatings market during the forecast period 2024-2030 and is expected to grow at a CAGR of xx% during the forecast period. Asia Pacific is expected to hold the largest market share of xx% by 2030. Developing regions like India, China, and Japan are considered major contributors to the industrial coatings market growth in the Asia Pacific region. Factors such as the presence of numerous rapid industrializations, end-users, and urbanization specifically in India and China are expected to boost the demand for industrial coatings in the region. The implementation of newer technologies, the growth in number of accidents, and increasing disposable income in the developing economies in the Asia Pacific region are the major factors that are expected to lift the automotive refinish market in the near future. These are the key factors that drives the growth of Asia Pacific region in the global market during the forecast period. The objective of the report is to present a comprehensive analysis of the Global Industrial Coatings Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Global Industrial Coatings Market dynamic, structure by analyzing the market segments and project the Global Industrial Coatings Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial Coatings Market make the report investor’s guide.Industrial Coatings Industry Ecosystem
Industrial Coatings Market Scope: Inquire before buying
Global Industrial Coatings Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 106.3 Bn. Forecast Period 2024 to 2030 CAGR: 4.1% Market Size in 2030: USD 130.2 Bn. Segments Covered: By Technology High Solids Solvent Powder Water By Resin Polyurethane Fluoropolymers Polyester Acrylic Alkyd Epoxy Others By End User Automotive OEM General Industrial Construction Marine Aerospace Wood Packaging Other Global Industrial Coatings Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Industrial Coatings Market Key Players
1.The Sherwin-Williams Company 2.Weilburger Coatings GmbH 3.Axalta Coating Systems, LLC 4.Nippon Paint Holdings Co., Ltd 5.Noroo Paint & Coatings Co., Ltd 6.RPM International Inc 7.PPG Industries, Inc. 8.Akzo Nobel N.V. 9.Hempel A/S 10.Kansai Paint Co. Ltd 11.Teknos Group 12.Tikkurila OYJ 13.BASF SE 14.Valspar 15.Jotun 16.The Chemours Company 17.KCC CorporationFrequently Asked Questions:
1] What segments are covered in the Industrial Coatings Market report? Ans. The segments covered in the Industrial Coatings Market report are based on Technology, Resin, and End-Users. 2] Which region is expected to hold the highest share in the Global Industrial Coatings Market? Ans. Asia Pacific is expected to hold the highest share of the Global Market. 3] Who are the top key players in the Global Industrial Coatings Market? Ans. The Sherwin-Williams Company, Weilburger Coatings GmbH, Axalta Coating Systems, LLC, Nippon Paint Holdings Co., Ltd, and Noroo Paint & Coatings Co., Ltd are the top key players in the Global Market. 4] Which segment holds the largest market share in the Global Industrial Coatings market by 2030? Ans. Acrylic resin segment hold the largest market share in the Global Industrial Coatings market by 2030. 5] What is the market size of the Global Industrial Coatings market by 2030? Ans. The market size of the Global Industrial Coatings market is USD 130.2 Billion by 2030. 6] What was the market size of the Global Industrial Coatings market in 2023? Ans. The market size of the Global Industrial Coatings market was worth USD 106.3 Billion in 2023.
1. Industrial Coatings Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Industrial Coatings Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Consolidation of the Market 2.7.1. Strategic Initiatives and Developments 2.7.2. Mergers and Acquisitions 2.7.3. Collaborations and Partnerships 2.7.4. Product Launches and Innovations 3. Patent Analysis: 3.1.1. Top 10 Patent Holders 3.1.2. Top 10 Companies with Highest Number of Patents 3.1.3. Patent Registration Analysis 3.1.4. Number of Patents Granted Still 2024 4. Global Industrial Coatings Market: Dynamics 4.1. Industrial Coatings Market Trends 4.2. Industrial Coatings Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 5. Value and Supply Chain Analysis 6. Pricing Analysis 6.1. Average price of Industrial Coatings, by Region 6.2. Average Price of Industrial Coatings, by Function 7. Regulatory Landscape 7.1. Regulation by Region 7.2. Tariff and Taxes 7.3. Regulatory Bodies, Government agencies, and other organizations by Region 8. Trade Data Analysis: 8.1. Import/ Export of Industrial Coatings 8.1.1. Import Data on Industrial Coatings 8.1.2. Export Data on Industrial Coatings 9. Global Industrial Coatings Market Size and Forecast by Segments (by Value USD Billion) 9.1. Global Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 9.1.1. High Solids 9.1.2. Solvent 9.1.3. Powder 9.1.4. Water 9.2. Global Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 9.2.1. Polyurethane 9.2.2. Fluoropolymers 9.2.3. Polyester 9.2.4. Acrylic 9.2.5. Alkyd 9.2.6. Epoxy 9.2.7. Others 9.3. Global Industrial Coatings Market Size and Forecast, by End User (2023-2030) 9.3.1. Automotive OEM 9.3.2. General Industrial 9.3.3. Construction 9.3.4. Marine 9.3.5. Aerospace 9.3.6. Wood 9.3.7. Packaging 9.3.8. Other 9.4. Global Industrial Coatings Market Size and Forecast, by Region (2023-2030) 9.4.1. North America 9.4.2. Europe 9.4.3. Asia Pacific 9.4.4. Middle East and Africa 9.4.5. South America 10. North America Global Industrial Coatings Market Size and Forecast (by Value USD Billion) 10.1. North America Global Industrial Coatings Market Size and Forecast, by Technology(2023-2030) 10.1.1. High Solids 10.1.2. Solvent 10.1.3. Powder 10.1.4. Water 10.2. North America Global Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 10.2.1. Polyurethane 10.2.2. Fluoropolymers 10.2.3. Polyester 10.2.4. Acrylic 10.2.5. Alkyd 10.2.6. Epoxy 10.2.7. Others 10.3. North America Global Industrial Coatings Market Size and Forecast, by End User (2023-2030) 10.3.1. Automotive OEM 10.3.2. General Industrial 10.3.3. Construction 10.3.4. Marine 10.3.5. Aerospace 10.3.6. Wood 10.3.7. Packaging 10.3.8. Other 10.4. North America Global Industrial Coatings Market Size and Forecast, by Country (2023-2030) 10.4.1. United States 10.4.1.1. United States Global Industrial Coatings Market Size and Forecast, by Technology(2023-2030) 10.4.1.1.1. High Solids 10.4.1.1.2. Solvent 10.4.1.1.3. Powder 10.4.1.1.4. Water 10.4.1.2. United States Global Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 10.4.1.2.1. Polyurethane 10.4.1.2.2. Fluoropolymers 10.4.1.2.3. Polyester 10.4.1.2.4. Acrylic 10.4.1.2.5. Alkyd 10.4.1.2.6. Epoxy 10.4.1.2.7. Others 10.4.1.3. United States Global Industrial Coatings Market Size and Forecast, by End User (2023-2030) 10.4.1.3.1. Automotive OEM 10.4.1.3.2. General Industrial 10.4.1.3.3. Construction 10.4.1.3.4. Marine 10.4.1.3.5. Aerospace 10.4.1.3.6. Wood 10.4.1.3.7. Packaging 10.4.1.3.8. Other 10.4.2. Canada 10.4.2.1. Canada Global Industrial Coatings Market Size and Forecast, by Technology(2023-2030) 10.4.2.1.1. High Solids 10.4.2.1.2. Solvent 10.4.2.1.3. Powder 10.4.2.1.4. Water 10.4.2.2. Canada Global Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 10.4.2.2.1. Polyurethane 10.4.2.2.2. Fluoropolymers 10.4.2.2.3. Polyester 10.4.2.2.4. Acrylic 10.4.2.2.5. Alkyd 10.4.2.2.6. Epoxy 10.4.2.2.7. Others 10.4.2.3. Canada Global Industrial Coatings Market Size and Forecast, by End User (2023-2030) 10.4.2.3.1. Automotive OEM 10.4.2.3.2. General Industrial 10.4.2.3.3. Construction 10.4.2.3.4. Marine 10.4.2.3.5. Aerospace 10.4.2.3.6. Wood 10.4.2.3.7. Packaging 10.4.2.3.8. Other 10.4.3. Mexico 10.4.3.1. Mexico Global Industrial Coatings Market Size and Forecast, by Technology(2023-2030) 10.4.3.1.1. High Solids 10.4.3.1.2. Solvent 10.4.3.1.3. Powder 10.4.3.1.4. Water 10.4.3.2. Mexico Global Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 10.4.3.2.1. Polyurethane 10.4.3.2.2. Fluoropolymers 10.4.3.2.3. Polyester 10.4.3.2.4. Acrylic 10.4.3.2.5. Alkyd 10.4.3.2.6. Epoxy 10.4.3.2.7. Others 10.4.3.3. Mexico Global Industrial Coatings Market Size and Forecast, by End User (2023-2030) 10.4.3.3.1. Automotive OEM 10.4.3.3.2. General Industrial 10.4.3.3.3. Construction 10.4.3.3.4. Marine 10.4.3.3.5. Aerospace 10.4.3.3.6. Wood 10.4.3.3.7. Packaging 10.4.3.3.8. Other 11. Europe Industrial Coatings Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 11.1. Europe Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.2. Europe Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.3. Europe Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4. Europe Industrial Coatings Market Size and Forecast, by Country (2023-2030) 11.4.1. United Kingdom 11.4.1.1. United Kingdom Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.1.2. United Kingdom Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.1.3. United Kingdom Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4.2. France 11.4.2.1. France Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.2.2. France Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.2.3. France Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4.3. Germany 11.4.3.1. Germany Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.3.2. Germany Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.3.3. Germany Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4.4. Italy 11.4.4.1. Italy Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.4.2. Italy Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.4.3. Italy Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4.5. Spain 11.4.5.1. Spain Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.5.2. Spain Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.5.3. Spain Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4.6. Sweden 11.4.6.1. Sweden Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.6.2. Sweden Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.6.3. Sweden Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4.7. Russia 11.4.7.1. Russia Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.7.2. Russia Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.7.3. Russia Industrial Coatings Market Size and Forecast, by End User (2023-2030) 11.4.8. Rest of Europe 11.4.8.1. Rest of Europe Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 11.4.8.2. Rest of Europe Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 11.4.8.3. Rest of Europe Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12. Asia Pacific Industrial Coatings Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 12.1. Asia Pacific Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.2. Asia Pacific Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.3. Asia Pacific Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12.4. Asia Pacific Industrial Coatings Market Size and Forecast, by Country (2023-2030) 12.4.1. China 12.4.1.1. China Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.4.1.2. China Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.4.1.3. China Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12.4.2. S Korea 12.4.2.1. S Korea Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.4.2.2. S Korea Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.4.2.3. S Korea Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12.4.3. Japan 12.4.3.1. Japan Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.4.3.2. Japan Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.4.3.3. Japan Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12.4.4. India 12.4.4.1. India Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.4.4.2. India Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.4.4.3. India Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12.4.5. Australia 12.4.5.1. Australia Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.4.5.2. Australia Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.4.5.3. Australia Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12.4.6. ASEAN 12.4.6.1. ASEAN Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.4.6.2. ASEAN Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.4.6.3. ASEAN Industrial Coatings Market Size and Forecast, by End User (2023-2030) 12.4.7. Rest of Asia Pacific 12.4.7.1. Rest of Asia Pacific Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 12.4.7.2. Rest of Asia Pacific Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 12.4.7.3. Rest of Asia Pacific Industrial Coatings Market Size and Forecast, by End User (2023-2030) 13. South America Industrial Coatings Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 13.1. South America Industrial Coatings Market Size and Forecast, by Technology(2023-2030) 13.2. South America Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 13.3. South America Industrial Coatings Market Size and Forecast, by End User (2023-2030) 13.4. South America Industrial Coatings Market Size and Forecast, by Country (2023-2030) 13.4.1. Brazil 13.4.1.1. Brazil Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 13.4.1.2. Brazil Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 13.4.1.3. Brazil Industrial Coatings Market Size and Forecast, by End User (2023-2030) 13.4.2. Argentina 13.4.2.1. Argentina Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 13.4.2.2. Argentina Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 13.4.2.3. Argentina Industrial Coatings Market Size and Forecast, by End User (2023-2030) 13.4.3. Rest Of South America 13.4.3.1. Rest of South America Industrial Coatings Market Size and Forecast, by Technology (2023-2030) 13.4.3.2. Rest of South America Industrial Coatings Market Size and Forecast, by Resin (2023-2030) 13.4.3.3. Rest of South America Industrial Coatings Market Size and Forecast, by End User (2023-2030) 14. Company Profile: Key players 14.1. Weilburger Coatings GmbH 14.1.1. Financial Overview 14.1.2. Business Portfolio 14.1.3. SWOT Analysis 14.1.4. Business Strategy 14.1.5. Recent Developments 14.2. The Sherwin-Williams Company 14.3. Axalta Coating Systems, LLC 14.4. Nippon Paint Holdings Co., Ltd 14.5. Noroo Paint & Coatings Co., Ltd 14.6. RPM International Inc 14.7. PPG Industries, Inc. 14.8. Akzo Nobel N.V. 14.9. Hempel A/S 14.10. Kansai Paint Co. Ltd 14.11. Teknos Group 14.12. Tikkurila OYJ 14.13. .BASF SE 14.14. Valspar 14.15. Jotun 14.16. The Chemours Company 14.17. KCC Corporation 14.18. Others 15. Key Findings 16. Industry Recommendations 17. Global Industrial Coatings Market: Research Methodology
