Industrial Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic), by Technology (Powder Based, Water Based, Solvent Based, High Solid), by End Use Industries (General Industries, Automotive & Vehicle Refinish, Marine, Aerospace, Oil & Gas) , by Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Global Forecast 2019 to 2027

Industrial Coatings Market - Global Industry Analysis and Forecast 2019 to 2027

Industrial Coatings Market: Summary

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.

Industrial Coatings Market

Industrial Coatings Market: Drivers & Restraint

Market Driver:

  • Rising demand for environmentally friendly coatings

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:

  • Stringent Regulatory Policies

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. 

Industrial Coatings Market: Key Segments

  • By Resin Type: Polyurethane, Epoxy, Acrylic, Polyester Alkyd, Fluoropolymer and Others.
  • By Technology: Powder Based, Water Based, Solvent Based, High Solid, and Radiation Curable
  • By End Use Industries: General Industries, Automotive & Vehicle Refinish, Marine, Aerospace, Oil & Gas, Electronics, Industrial Wood and Others.
  • Based on Region Covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Industrial Coatings Market: Report Scope

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.

 

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Billion), Volume (Kiloton)

Segments Included

Resin Type, Technology, and End Use Industries

Regional Coverage

North America, Europe, Asia-Pacific, Middle East & Africa, South Africa

KEY Companies Covered

  • Akzo Nobel N.V. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Axalta Coating Systems, LLC
  • Jotun
  • PPG Industries, Inc.
  • Asian Paints Ltd.
  • The Sherwin-Williams Company
  • BASF SE
  • Beckers Group
  • Berger Paints India Limited
  • Nippon Paint Holdings Co., Ltd.
  • Kansai Paint Co.,Ltd.
  • SDC Technologies, Inc (SDC)
  • Evonik Industries AG
  • Hempel A/S
  • Henkel AG & Co. KGaA
  • Sika AG
  • Wacker Chemie AG
  • WEILBURGER
  • RPM International Inc.
  • The Chemours Company
  • Other Key Companies
  • Other Key Companies

Industrial Coatings Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Industrial Coatings Market, by Resin Type

  • Polyurethane
  • Epoxy
  • Acrylic
  • Polyester
  • Alkyd
  • Fluoropolymer
  • Others (Silicone, Amino, Polyurea, Polyolefin)

Industrial Coatings Market, by Technology

  • Powder Based
  • Water Based
  • Solvent Based
  • High Solid
  • Radiation Curable

Industrial Coatings Market, by End Use Industries

  • General Industries
  • Automotive & Vehicle Refinish
  • Marine
  • Aerospace
  • Oil & Gas
  • Electronics
  • Industrial Wood
  • Others (Packaging, Rail)

Industrial Coatings Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • The Netherlands
    • Norway
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Kuwait
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Chile
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and the market players in the future?
  • What are the evolving variations of the market worldwide?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the world?
  • How are the key players leveraging in the present market scenario globally?

Report Audience

  • Industrial Coatings Market Providers
  • Industrial Coatings Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Industrial Coatings Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INDUSTRIAL COATINGS MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Demand for Environmentally Friendly Coatings
      2. Rising Demand from End-use Industries
    3. Restraint
      1. Requirement of More Drying Time for Water-Based Coatings
    4. Opportunities
      1. Increasing Demand for Nano-Coatings
      2. Growing Demand from Asia-Pacific Region
    5. Challenges
      1. Stringent Regulatory Policies
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. INDUSTRIAL COATINGS MARKET BY RESIN TYPE, Market Size in USD Billion and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Polyurethane
    3. Epoxy
    4. Acrylic
    5. Polyester
    6. Alkyd
    7. Fluoropolymer
    8. Others (Silicone, Amino, Polyurea, Polyolefin)
  7. INDUSTRIAL COATINGS MARKET BY TECHNOLOGY, Market Size in USD Billion and Volume in Kiloton (2019-2027) 
    1. Introduction
    2. Powder Based
    3. Water Based
    4. Solvent Based
    5. High Solid
    6. Radiation Curable
  8. INDUSTRIAL COATINGS MARKET BY END USE INDUSTRIES, Market Size in USD Billion and Volume in Kiloton (2019-2027)
    1. Introduction
    2. General Industries
    3. Automotive & Vehicle Refinish
    4. Marine
    5. Aerospace
    6. Oil & Gas
    7. Electronics
    8. Industrial Wood
    9. Others (Packaging, Rail)
  9. INDUSTRIAL COATINGS MARKET BY REGION, Market Size in Units (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. The Netherlands
      7. Norway
      8. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Kuwait
      4. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Chile
      4. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. Akzo Nobel N.V.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Axalta Coating Systems, LLC
    3. Jotun
    4. PPG Industries, Inc.
    5. Asian Paints Ltd.
    6. The Sherwin-Williams Company
    7. BASF SE
    8. Beckers Group
    9. Berger Paints India Limited
    10. Nippon Paint Holdings Co., Ltd.
    11. Kansai Paint Co.,Ltd.
    12. SDC Technologies, Inc (SDC)
    13. Evonik Industries AG
    14. Hempel A/S
    15. Henkel AG & Co. KGaA
    16. Sika AG
    17. Wacker Chemie AG
    18. WEILBURGER
    19. RPM International Inc.
    20. The Chemours Company
    21. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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

Rep Id : CM 084

Published : June, 2020


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