The research report on ‘Global Industrial Coatings Market' analysis by trends, applications, solution, segmented on based on automotive and aerospace industries, techniques, demand, manufacturers, competitive landscape & forecast 2019-2025.
— Global industrial coating market provides a complete information of major market manufacturer and historical and forecasts data of the global market. The report also offers a detailed SWOT study, improvement processes, vital financials, technological advancements, and others. This report also covers comprehensive information of market segmentation and sub-segments. Increasing production of automobiles throughout the globe has significantly driven the need for coatings throughout the globe. With the growth in purchasing power of consumers, quality and demand for paints and coatings have evolved.
Get more insights at: Global Industrial Coating Market 2019-2025
The global industrial coating market size was accounted for USD 35.70 billion from USD 49.0 billion at a registered CAGR of 5.0% over the forecast period. Growing demand for industrial coatings in the number of applications such as automotive components, packaging, manufacturing equipment and fabrication plants is expected to boost the global industrial coating market growth during the prediction period.
The global industrial coating market segmentation is done depending on the various factors such as resin type, application, end-use, technology, and regions. By application, the global industrial coating market is epoxy, alkyd, acrylic, polyester, and polyurethane. Among these, the acrylic segment is dominated for one of the highest market share over the forecast period. Acrylic resins are nothing but the collection of thermosetting plastic components which are extracted from acrylic acid.
On the basis of technology, the global industrial coating market is fragmented into water borne, solvent born, powder coatings, and others. In terms of end-use industry, the market is sub-divided into aerospace, automotive, building & construction, marine, protective, packaging, and many others.
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Automotive and aerospace industries collectively held a revenue share of over 40% in 2018 and is expected to rise with a significant CAGR by 2025. Low volatility, corrosion protection of steel pipes and fittings in the oil and gas industry, industrial water transmission pipelines, and reinforcing bars are some of the other factors supporting the rising industrial coatings market size.
Based on the geography, the global industrial coating market is segregated into North America, Europe, Asia Pacific, Latin America, and MEA. In between these, the North American market is dominated for the highest market share in the year 2013. The industrial coatings market in North America and Western Europe has matured, and its growth is directly proportional to the growth of the local economy. In this economy, the growth of the automotive OEM, machinery and construction industries has slowed and the coating industry has slowed. However, coating demand in the Asia-Pacific region continues to grow rapidly. The APAC region accounted for more than 50% of sales market share in 2018. However, it is expected to continue this growth with highest CAGR into coming years. Growing infrastructure with severe government initiatives to assist FDI flow in regions such as Japan, India, and China is also projected to fuel the global industrial coating market growth during the forecast period.
The global industrial coating market is moderately competitive with the number of companies launching new products to fulfill the consumer requirements. This report is designed to aid consumers to assess market potential with growth strategies of leading vendors. Top players operating in this market implement the number of different strategies to gain their position in the regional, global, as well as technological market. Some major players of this market are PPG Industries, DowDuPont Inc., BASF, AkzoNobel, Nippon Paints NOROO Paints & Coatings, Sherwin-Williams and Valspar.
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Key segments of the global industrial coatings market
Resin Type Overview, 2015-2025 (KiloTons) (USD Million)
Technology Overview, 2015-2025 (Kilo Tons) (USD Million)
• Solvent borne
• Water borne
• Powder coatings
End-Use Industry Overview, 2015-2025 (Kilo Tons) (USD Million)
• Building and Construction
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Get the access of more information through our blogs, Case Studies:
1. Blogs on “Industrial Coatings And Its Applications”
Industrial coatings are basically the products which are specifically engineered for their functional and proactive properties. However, protection is their fundamental function. Huge number of industrial coatings are used for concrete, steel, and corrosion control, however they lie under the complex market umbrella and operate in several areas.
2. Case Studies on “Industrial Coating Growing With The Help Of OneSource”
The way internet is currently impacting business and industries is different and is causing various companies to enter into the technical domains. In terms of coating industry, various business transactions like selling, training and customer service are currently in infancy stage. However the scope of the same is huge.
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Source URL: https://marketersmedia.com/industrial-coating-market-2019-production-demand-steady-growth-types-properties-application-quality-analysis-cost-structure-and-development-strategies-by-2025/88910734
Release ID: 88910734