The Global Industrial Coatings Market is projected to reach around USD 132 billion in 2027 at a CAGR of around 4.4%.
Industrial coatings encompass a wide range of materials that are used to protect, or provide useful properties such as chemical resistance, water resistance, flexibility, abrasion resistance, impact resistance, and UV light resistance to many end-use industries including general industries, automotive & refinish, marine, aerospace, oil & gas and many other. It is a thin filmed applied on various industrial materials to increase their shelf life and increase performance as well. The films are applied with various types of polymers such as polyurethane, epoxy, acrylic, alkyds, polyester and others.
Market Driver:
The development of coating technologies is influenced by the environmental considerations. The stringent regulations of global regulatory agencies regarding reduction the emission of the VOC in coating resin and low polluting coating technologies are boosting the demand for environmental-friendly coatings. Reduction of solvent emissions was a dominating factor in the decision of the automotive industry in Western Europe to introduce waterborne basecoat systems for OEM application. Powder coating is gaining popular after the stringent government on VOC emission in US and Western European countries.
Thus, rising demand for environmentally friendly coatings is expected to drive the industrial coatings market during the forecast period.
Market Challenge:
Coatings are the amazing material; the inch of layers are expected to protect and beautify various substrates for many years in various aggressive environments. But the coating Industry is cause damage the environmental during the manufacture and use of products. The combined efforts of global regulatory agencies and coatings technologists have improved the environmental footprint of the coatings industry over the last few years. For Instance, in San Diego County, the company may not perform painting or coating at any NASSCO facility without first applying for and obtaining approval from the Environmental Engineering Department to conduct this activity.
Thus, the environmental and health hazards concern regarding VOC is expected to hamper the market growth up to a certain extent.
The report on the Industrial Coatings market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Billion), Volume (Kiloton) |
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Segments Included |
Resin Type, Technology, and End Use Industries |
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Regional Coverage |
North America, Europe, Asia-Pacific, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Industrial Coatings Market, by Resin Type
Industrial Coatings Market, by Technology
Industrial Coatings Market, by End Use Industries
Industrial Coatings Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INDUSTRIAL COATINGS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
