Industrial Coatings Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
MarkNtel Advisors
recently published a detailed industry analysis of the Industrial Coatings Market. The report covers growth trends, geographical
marketing strategies, challenges, opportunities, and drivers influencing the
market.
Industrial Coatings Market Size, Share, and
Trends Analysis Report – Industry Overview and Forecast to 2030
The Industrial Coatings Market size is valued
at around USD 107.19 billion in 2024 & is projected to
reach USD 132.18 billion by 2030. The market is also estimated to
grow at a CAGR of around 4.30% during the forecast period, i.e.,
2025-30.
What are
the major Driver the Industrial Coatings industry?
Expansion of the Automotive Sector to Drive
the Industrial Coatings Industry – The
growing sales of passenger vehicles worldwide have led to a massive increase in
automobile manufacturing worldwide. Furthermore, the growth in consumer
expendable income in countries such as India, the Philippines, and other
Southeast Asian countries has enhanced the rise by hike in demand for
automobiles. Moreover, the sales of luxury cars have also risen substantially
as consumers have been changing preferences and rising disposable incomes and there
has been a growth in demand for modern automotive technologies utilized in
automobiles. In response to the rising demand for luxury vehicles,
manufacturers are quickly developing manufacturing facilities across developing
regions like the Asia Pacific to manufacture more premium cars in emerging
nations.
Henceforth, the
intensifying sales of passenger vehicles, especially across developing
countries, have significantly contributed to the growth & development of
automobile manufacturing across the globe. Hence, the demand for industrial
coatings has also significantly increased as a result of the increased
manufacturing of high-performance cars, which aim to offer a luxury experience.
Furthermore,
market growth is expected to be further supported by the increasing demand for
customized vehicle designs and paints. The established automobile manufacturers
are planning for future expansion of their production plants to manufacture
customized vehicles, which would augment the size & volume of the Industrial
Coatings Market in the coming years.
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What segments define the Industrial
Coatings market from 2025 to 2030? How do these segments contribute to market
dynamics and growth?
·
By Technology
o Water-Borne Coatings- Market Size & Forecast
2020-2030, (Thousand Tons)
o Solvent-Borne Coatings- Market Size & Forecast
2020-2030, (Thousand Tons)
o Powder-Based Coatings- Market Size & Forecast
2020-2030, (Thousand Tons)
o Others- Market Size & Forecast 2020-2030,
(Thousand Tons)
According to report, The solvent-borne
segment accounts for the majority of the market share on account of their rapid
drying ability, making them well-suited for high-speed production processes.
·
By Resin Type
o Acrylic Resin- Market Size & Forecast
2020-2030, (Thousand Tons)
o Alkyd Resin- Market Size & Forecast 2020-2030,
(Thousand Tons)
o Epoxy Resin- Market Size & Forecast 2020-2030,
(Thousand Tons)
o Polyester Resin- Market Size & Forecast
2020-2030, (Thousand Tons)
o Polyurethane Resin- Market Size & Forecast
2020-2030, (Thousand Tons)
o Fluoropolymer Resin- Market Size & Forecast
2020-2030, (Thousand Tons)
o Others- Market Size & Forecast 2020-2030,
(Thousand Tons)
·
By End-Use Industry
o General Industrial- Market Size & Forecast
2020-2030, (Thousand Tons)
o Marine- Market Size & Forecast 2020-2030,
(Thousand Tons)
o Automotive and Vehicle Refinish- Market Size &
Forecast 2020-2030, (Thousand Tons)
o Electronics- Market Size & Forecast 2020-2030,
(Thousand Tons)
o Aerospace- Market Size & Forecast 2020-2030,
(Thousand Tons)
o Oil and Gas- Market Size & Forecast 2020-2030,
(Thousand Tons)
o Mining- Market Size & Forecast 2020-2030,
(Thousand Tons)
o Power Generation- Market Size & Forecast
2020-2030, (Thousand Tons)
o Others- Market Size & Forecast 2020-2030,
(Thousand Tons)
According to report, The general industrial
segment held the largest market share in the Global Industrial Coatings Market
as the sector uses specialized formulations designed to protect surfaces and
equipment in various industries.
Explore the Complete Industrial Coatings
Market Analysis Report – https://www.marknteladvisors.com/research-library/industrial-coatings-market.html
Geographical Analysis: Industrial Coatings
Market
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Industrial Coatings Market Share &
Competitive Landscape:
The Industrial
Coatings Market is characterized by intense competition, with several key
players driving growth through innovation, market expansion, and strategic
investments. The competitive landscape provides valuable insights into the
industry's leading companies, highlighting their strengths, financial
performance, and market influence.
Leading Companies in the Industrial
Coatings Market are:
- 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
Industrial Coatings Industry
Recent Development:
- 2023:
Kansai Paint Co. Ltd. announced the acquisition of the global Railway Coatings
business assets from Beckers Group´s company for the expansion of its
industrial coatings business.
- 2023:
PPG Industries, Inc. unveiled a USD 44 billion investment proposal aimed at
improving and modernizing five of its powder coating manufacturing plants
situated in the United States and Latin America. The initiative is part of
PPG's strategic plan to expand its diverse variety of powder coatings
while boosting production capabilities globally, driven by customers'
heightened need for eco-friendly merchandise.
Questions Addressed in this Study
1. What factors
are driving the Industrial Coatings Market growth?
2. How is the Industrial
Coatings Market expected to grow over the next five years?
3. What are the
key insights into the current trends in the Industrial Coatings Market?
4. What is the
current size of the Industrial Coatings Market, and how is it projected to
change in the future?
6. What is the
future outlook for the Industrial Coatings Market in terms of technological
advancements and market expansion?
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Our specialization
in niche industries & emerging geographies allows our clients to formulate
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Go-to-Market (GTM), product development, feasibility analysis, project scoping,
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& trend analysis, among others, for 15 diverse industrial verticals.
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