Global Industrial Coatings Market Will Exhibit an Impressive Expansion by 2024-2030
Market Insights and Analysis: Global Industrial Coatings Market Overview and Projections (2024-2030)
The Global Industrial Coatings Market size is estimated to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30. The necessity for industrial coatings has increased with the growth and development of chemicals, oil and gas, food and beverage industries.
Top leading companies in the Global Industrial Coatings Market includes:
Kansai Paint Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, Llc, Jotun A/S, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Rpm International Inc., Hempel A/S, Basf Coatings Gmbh, Advanced Nanotech Lab, The Chemours Company, Noroo Paint & Coatings, Weilburger Coatings, Beckers Group and others.
Global Industrial Coatings Market Opportunity:
Increasing Demand of Bio-Based Coatings to Present Ample Opportunities for Market Growth – Governments and organizations across the US, Europe, and the UK, among others, impose stringent regulations to reduce the environmental footprint of the painting and coating industry. As a result, paint and coating companies have been pressed to follow strict guidelines and transition to the manufacturing of green industrial coatings. Furthermore, the broader use of bio-based coatings in aviation, marine, industrial and medical sectors is booming due to sustainability and regulatory pressures, among others. For instance, in 2023, the International Maritime Organization banned the presence of cybutryne in hull coatings. This growing sustainable activity and regulation from end-use industries is projected to provide new opportunities for bio-based coating in the coming years.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Technology
-Water-Borne Coatings- Market Size & Forecast 2019-2030, (Thousand Tons)
-Solvent-Borne Coatings- Market Size & Forecast 2019-2030, (Thousand Tons)
-Powder-Based Coatings- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By Resin Type
-Acrylic Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Alkyd Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Epoxy Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polyester Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Polyurethane Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Fluoropolymer Resin- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By End-Use Industry
-General Industrial- Market Size & Forecast 2019-2030, (Thousand Tons)
-Marine- Market Size & Forecast 2019-2030, (Thousand Tons)
-Automotive and Vehicle Refinish- Market Size & Forecast 2019-2030, (Thousand Tons)
-Electronics- Market Size & Forecast 2019-2030, (Thousand Tons)
-Aerospace- Market Size & Forecast 2019-2030, (Thousand Tons)
-Oil and Gas- Market Size & Forecast 2019-2030, (Thousand Tons)
-Mining- Market Size & Forecast 2019-2030, (Thousand Tons)
-Power Generation- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons).
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Global Industrial Coatings Market Geographic Reach:
The Geographic Reach of the Global Industrial Coatings Market evaluates the spread and significance of Global Industrial Coatings market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: Saudi Arabia, The UAE, South Africa, Rest of Middle East & Africa.
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