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The Worldwide Industrial Coatings Industry is Expected to Reach $116 Billion by 2026

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Global Industrial Coatings Market

Global Industrial Coatings Market
Global Industrial Coatings Market

Dublin, Oct. 28, 2022 (GLOBE NEWSWIRE) -- The "Industrial Coatings Market by Resin (Polyurethane, Epoxy, Acrylic, Alkyd), Technology (Solvent-based, Water-based, Powder), End-Use Industry (General Industrial, Protective, Automotive, Aerospace, Wood, Packaging) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The industrial coatings market is projected to grow from USD 102.0 Billion in 2021 to USD 116.0 Billion by 2026, at a CAGR of 2.5% between 2021 and 2026.

General Industrial end-use industry segment is the largest segment of the industrial coatings market

The general industrial coatings market has diversity of end-user and multiple industries. The market is growing due to an increase in population growth, infrastructure growth, improved standard of living, global GDP growth, and growth in the construction industry. Industrial coatings are used in the appliances industry in applications that require a combination of appearance and resistance to abrasion, chemicals, and temperature cycling.

Appliances and power tools make use of the impact strength of industrial coatings. Washing machines, laundry equipment, dishwashers, refrigerator doors & shelves, air conditioners, mixer & grinders, and microwave ovens are examples of some appliances where industrial coatings are used.

The appliance industry uses coatings on front and side panels of refrigerators, dryer drums, air-conditioner cabinets, washer tops and lids, water heaters, dishwasher racks, freezer cabinets, cracks in microwave ovens, and other products.

Asia Pacific is the fastest-growing Industrial coatings market during the forecast period.

Asia Pacific is the largest industrial coatings market, in terms of both value and volume, and is projected to be the fastest-growing market during the forecast period. The region has witnessed economic growth over the last decade. According to the IMF and World Economic Outlook, China and Japan were the world's second-and third-largest economies, respectively, in 2020.

The United Nations Population Fund states that Asia Pacific accounts for 60% of the world's population, which is 4.7 billion people. The region includes the world's most populous countries such as China and India. This is projected to become an increasingly important driver of the global construction industry over the next two decades.

The market will also be fueled by the rapidly rising household income and the fast-growing demand from smaller towns and rural areas because of increased customer awareness. Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Premium Insights
4.1 Attractive Opportunities in Industrial Coatings Market
4.2 Industrial Coatings Market, by Resin Type
4.3 Industrial Coatings Market, Developed Vs. Developing Countries
4.4 Industrial Coatings Market, by End-Use Industry and Key Countries
4.5 Industrial Coatings Market, by Major Countries

5. Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Environment-Friendly Coatings
5.2.1.2 Need for Efficient Process and Durable Coatings with Better Aesthetics
5.2.1.3 Growing Demand from Asia-Pacific
5.2.2 Restraints
5.2.2.1 Difficulty in Obtaining Thin Films in Powder Coatings
5.2.2.2 Requirement of More Drying Time for Waterborne Coatings
5.2.3 Opportunities
5.2.3.1 Attractive Prospects for Powder Coatings in Shipbuilding and Pipeline Sectors
5.2.3.2 Increasing Use of Nano-Coatings
5.2.3.3 Continuous Demand for Extended Product Lifetime and Reduced Maintenance
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies
5.3 Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
5.4 Macro Economic Indicator Analysis
5.4.1 Introduction
5.4.2 Trends and Forecast of GDP
5.4.3 Trends and Forecast of Global Construction Industry
5.5 COVID-19 Impact
5.6 COVID-19 Economic Assessment
5.6.1 COVID-19 Economic Impact: Scenario Assessment
5.7 Impact of COVID-19 on End-Use Industries
5.7.1 Impact on Automotive Industry
5.7.2 Impact on Protective and General Industries
5.7.3 Impact on Packaging Industry
5.8 Value Chain Analysis
5.9 Pricing Analysis
5.10 Industrial Coatings Ecosystem and Interconnected Market
5.11 Yc and Ycc Shift
5.12 Trade Analysis
5.13 Regulations
5.13.1 Coatings Standard
5.14 Patent Analysis
5.15 Case Study Analysis
5.16 Technology Analysis
5.17 Key Conferences & Events in 2022-2023

6. Industrial Coatings Market, by Resin Type
6.1 Introduction
6.1.1 Disruption due to COVID-19
6.2 Polyurethane
6.2.1 High-Performance Application Boosting Demand for Polyurethane Resins
6.3 Epoxy
6.3.1 Good Dimensional Stability, Along with Excellent Electrical Conductivity, Propelling Market
6.4 Acrylic
6.4.1 Outstanding Physical Properties to Drive Demand for Acrylic Resins
6.5 Polyester
6.5.1 Ease of Handling and Low Cost of Polyester Resins Driving Their Demand
6.6 Alkyd
6.6.1 High Durability and Good Drying Characteristics Contributing to Growth of Alkyd Resins
6.7 Fluoropolymer
6.7.1 Excellent Non-Stick, Reduced Friction, and Corrosion Resistance Properties Fueling Demand for Fluoropolymer Resins
6.8 Others

7. Industrial Coatings Market, by Technology
7.1 Introduction
7.2 Solventborne
7.2.1 Outstanding Physical Properties to Drive Demand for Solventborne Technology
7.3 Waterborne
7.3.1 Low Toxicity and Flammability due to Low Voc Levels Increasing Demand for Waterborne Industrial Coatings
7.4 Powder
7.4.1 Superior Performance and Excellent Properties of Powder Coating Technology Driving Its Demand
7.5 Others

8. Industrial Coatings Market, by End-Use Industry
8.1 Introduction
8.1.1 Disruption due to COVID-19
8.2 General Industrial
8.2.1 Use of a Wide Range of Powder-Coated Industrial Equipment to Fuel Market
8.3 Protective
8.3.1 Asia-Pacific Emerging as a Strategic Location for Protective Coating Manufacturers
8.4 Automotive OEM
8.4.1 Growing Demand for Electric Vehicles to Drive Industrial Coatings Market
8.5 Industrial Wood
8.5.1 Increasing Construction and Infrastructural Activities to Drive Industrial Wood Coatings Demand
8.6 Automotive Refinish
8.6.1 Increase in Vehicle Usage, Along with Increasing Number of Accidents, Propelling Demand for Automotive Refinish Coatings
8.7 Coil
8.7.1 Durability and Cost-Benefit Properties to Drive Demand for Coil Coatings
8.8 Packaging
8.8.1 Improved Lifestyle and Changing Food Habits Fueling Demand for Packaging Coatings
8.9 Marine
8.9.1 Slow Growth of Shipbuilding Sector Hampering Demand for Marine Coatings
8.10 Aerospace
8.10.1 Development of Chrome-Free Coating Technology Augmenting Market Growth
8.11 Rail
8.11.1 Advancement in High-Speed Train Industry Boosting Rail Coatings Market

9. Industrial Coatings Market, by Region

10. Competitive Landscape
10.1 Introduction
10.2 Company Evaluation Quadrant Matrix: Definitions and Methodology, 2020
10.2.1 Stars
10.2.2 Emerging Leaders
10.2.3 Emerging Companies
10.2.4 Pervasive
10.3 Strength of Product Portfolio
10.4 SME Matrix, 2020
10.4.1 Responsive Companies
10.4.2 Progressive Companies
10.4.3 Starting Blocks
10.4.4 Dynamic Companies
10.4.4.1 Competitive Benchmarking
10.5 Company Evaluation Matrix: Industrial Coatings
10.6 Industrial Coatings Market Share Analysis
10.7 Revenue Analysis
10.7.1 Sherwin-Williams
10.7.2 PPG Industries
10.7.3 AkzoNobel
10.7.4 Nippon Paint
10.7.5 Axalta Coating Systems
10.8 Competitive Situation and Trends

11. Company Profiles
11.1 Major Players
11.1.1 Akzo Nobel N.V.
11.1.2 Axalta Coating Systems, LLC
11.1.3 Jotun A/S
11.1.4 PPG Industries Inc.
11.1.5 The Sherwin-Williams Company
11.1.6 Nippon Paint Holdings Co. Ltd.
11.1.7 Kansai Paint Co. Ltd.
11.1.8 Rpm International Inc.
11.1.9 Hempel A/S
11.1.10 BASF Coatings GmbH
11.1.11 Asian Paints Limited
11.2 Other Key Players
11.2.1 Teknos Group
11.2.1.1 Teknos Group: Company Overview
11.2.1.2 Products Offered
11.2.2 Noroo Paint & Coatings
11.2.2.1 Noroo Paint & Coatings: Company Overview
11.2.2.2 Products Offered
11.2.3 Weilburger Coatings
11.2.3.1 Weilburger Coatings: Company Overview
11.2.3.2 Products Offered
11.2.4 The Chemours Company
11.2.4.1 The Chemours Company: Company Overview
11.2.4.2 Products Offered
11.2.5 Beckers Group
11.2.5.1 Beckers Group: Company Overview
11.2.5.2 Products Offered
11.2.5.3 Recent Developments
11.2.6 Tiger Coatings GmbH & Co. Kg
11.2.6.1 Tiger Coatings GmbH & Co. Kg: Company Overview
11.2.6.2 Products Offered
11.2.7 Diamond Vogel Paint Company
11.2.7.1 Diamond Vogel Paint Company: Company Overview
11.2.7.2 Products Offered
11.2.8 IGP Pulvertechnik AG
11.2.8.1 IGP Pulvertechnik AG: Company Overview
11.2.8.2 Products Offered
11.2.8.3 Recent Developments
11.2.9 Anhui Meijia New Material Co. Ltd
11.2.9.1 Anhui Meijia New Material Co. Ltd: Company Overview
11.2.9.2 Products Offered

12 Adjacent/Related Markets

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/kzsvvx

Attachment

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