Blogs
on August 7, 2024
Industrial Coatings Market size was valued at US$ 91.96 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.9% through 2023 to 2029, reaching nearly US$ 120.21 Bn.
Industrial Coatings Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Industrial Coatings Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Industrial Coatings Market by thorough analysis, and projections are made up to 2030.
Grab your free sample copy of this report today: https://www.maximizemarketresearch.com/request-sample/65992/
Industrial Coatings Market Scope and Methodology:
Research in the Industrial Coatings Market combines quantitative and qualitative methods. Through a variety of research methods, including primary and secondary research, subject matter expert advice, and quantitative and qualitative market data, information is gathered. Primary research makes use of important data from in-person and/or telephone interviews, questionnaires, industry experts' comments, and other sources.
The Maximize Market Research team performed secondary research using a range of sources, such as corporate websites, annual reports, financial data, reports and SEC filings, internal and external proprietary databases, pertinent patent and regulatory databases, and financial information. In order to obtain information on topics like the dominance of a certain brand and the prices of services and goods in each nation and area, MMR Market Reports reached out to a number of important opinion leaders in the same sector, including senior and mid-level managers of major corporations and end-user executives.
Industrial Coatings Market Regional Insights
The analysis delves deep into the markets of Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Industrial Coatings market is a key aspect of the regional analysis provided in the report. The report contains data on product import and export, market size, and growth rate for each country. Additionally, the report has also offer a synopsis of the latest advancements in the global Industrial Coatings market across different countries and regions.
Industrial Coatings Market Segmentation
by Resin
Polyurethane
Fluoropolymers
Polyester
Acrylic
Alkyd
Epoxy
Others
by Type
High Solids
Solvent
Powder
Water
by End-Users
Automotive OEM
General Industrial
Construction
Marine
Aerospace
Wood
Packaging
Others
The market is divided into segments based on the type of resin used, including Polyester, Acrylic, Alkyd, Epoxy, Polyurethane, and Fluoropolymers. By 2029, the acrylic resin segment is anticipated to have the highest market share of 38%. Acrylic coatings are extensively accepted and used in a variety of applications, including heavy casting, automotive, consumer appliances, industrial sites, pipes, construction equipment, and structural steel. Its demand among the aforementioned applications is fueled by properties such as fire resistance, abrasion resistance, UV light resistance, vapour permeability, gloss retention, and high weathering resistance, which are drawing in vendors and different end users to use the final product coating. Moreover, there exist other sectors in which these coatings find application in diverse formulations such as solvent-borne, powder-based, and aqueous. These are the main advantages that fuel the expansion.
The market is divided into four segments based on the type: High Solids, Solvent, Powder, and Water. Over the course of the forecast period, the powder type segment is anticipated to rise quickly at a CAGR of %. Powder coating is a dry finishing technique that includes spraying resin particles and finely ground pigment onto electrically grounded components after they have been electrostatically charged. Low VOC emission, enhanced performance, and cost-effectiveness are offered by powder-based industrial coatings for applications that need the greatest levels of hardness and abrasion resistance. Throughout the course of the forecast period, these are the main factors propelling the expansion of the powder type segment in the global market.
The market is divided into categories such as Automotive OEM, General Industrial, Construction, Marine, Aerospace, Wood, Packaging, and Others based on the End Users. Over the course of the projected period, the automotive OEM segment is anticipated to rise quickly at a CAGR of %. Original equipment manufacturers, or OEMs, play a significant role in the automotive sector. Coatings are advantageous for automotive equipment since they are durable and of excellent quality. Cars with OEM coatings benefit from excellent mechanical properties that shield them from chemicals, the environment, and scratches. The surface area of an automobile's body is increased by coatings applied to its inner components. Throughout the forecast period, these are the main advantages that propel the expansion of the Automotive OEM segment in the global market.
Grab your free sample copy of this report today: https://www.maximizemarketresearch.com/request-sample/65992/
Industrial Coatings Market Key Players
1.The Sherwin-Williams Company
2.Weilburger Coatings GmbH
3.Axalta Coating Systems, LLC
4.Nippon Paint Holdings Co., Ltd
5.Noroo Paint & Coatings Co., Ltd
6.RPM International Inc
7.PPG Industries, Inc.
8.Akzo Nobel N.V.
9.Hempel A/S
10.Kansai Paint Co. Ltd
11.Teknos Group
12.Tikkurila OYJ
13.BASF SE
14.Valspar
15.Jotun
16.The Chemours Company
17.KCC Corporation
Grab your free sample copy of this report today: https://www.maximizemarketresearch.com/request-sample/65992/
Key questions answered in the Industrial Coatings Market are:
- What is Industrial Coatings?
- What was the Industrial Coatings Market size in 2023?
- What will be the CAGR at which the Industrial Coatings Market will grow?
- What growth strategies are the players considering to increase their presence in Industrial Coatings?
- Who are the key players in the Industrial Coatings Market?
- Who are the leading companies and what are their portfolios in Industrial Coatings Market?
- What is the growth rate of the Industrial Coatings Market?
- What are the upcoming industry applications and trends for the Industrial Coatings Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Industrial Coatings Market?
- What are the different segments of the Industrial Coatings Market?
- What segments are covered in the Industrial Coatings Market?
- Which are the factors expected to drive the Industrial Coatings market growth?
For further inquiries and market scope exploration, reach out to us: https://www.maximizemarketresearch.com/market-report/global-industrial-coatings-market/65992/
Key Offerings:
- Market Size, Share, Size & Forecast by different segment | 2023-2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
View Popular Topics Now: Global Pneumatic Tire Market https://www.maximizemarketresearch.com/market-report/global-pneumatic-tire-market/13610/
Global Automotive Lubricants Aftermarket Market https://www.maximizemarketresearch.com/market-report/global-automotive-lubricants-aftermarket-market/25170/
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
Posted in: Business