The global industrial maintenance coating market is expected to grow at a significant CAGR during the forecast period (2024-2031). Coatings for industrial maintenance are used to prevent substrate deterioration caused by wastewater and water treatment, refining, and other processes. Due to changes in regulatory requirements and end-user expectations, sustainability is becoming a major concern. The industrial maintenance coatings market is growing as the demand for better and more efficient coatings with improved aesthetics grows. These coatings are also utilized to protect a variety of structures, from oil and gas process tanks to infrastructures like water tanks and bridges.
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The rise in demand from end-use industries such as energy & electricity, metal processing, and construction is driving the industrial maintenance coatings market. Owing to their capacity to protect machinery, panels, equipment, and a variety of other products, the market for such coatings is expected to grow rapidly, ensuring smooth corporate operations and greatly reducing downtime. Furthermore, the market has significant opportunity owing to the rising demand from end-use industries during the forecast period.
Nowadays, industrial maintenance coating materials are provided with a multi-year corrosion guarantee, owing to advancements in coating performance. Manufacturers are always launching new products to the market that feature environmentally friendly characteristics in addition to enhanced performance. Coatings are now made using technologies that differ from those utilized previously, which were based on solvents. Coatings’ performance has risen dramatically as a result of the introduction of new technologies. Furthermore, crack-bridging ability, high flexibility, waterproofing & weatherproofing, and resistance to dirt, mildew, and chemicals are all advantages of industrial maintenance coatings.
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Market Coverage
- Segment Covered-
o By Technology – Water-based and Solvent-based, Powder
o By Resin Type – Polyurethane, Epoxy, Acrylic, and Alkyd
o By End-use Industry – Energy & Power, Transportation, Metal Processing, Construction, and Chemical
- Competitive Landscape: Axalta Coating Systems, PPG Industries Inc., Akzo Nobel N.V., Jotun A/S, Kansai Paint Co. Ltd., and The Sherwin-Williams Company, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Industrial Maintenance Coating Market Report
By Technology
- Water-based Powder
- Solvent-based Powder
By Resin Type
- Polyurethane
- Epoxy
- Acrylic
- Alkyd
By End-use Industry
- Energy & Power
- Transportation
- Metal Processing
- Construction
- Chemical
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