The global market for industrial coatings is projected to have considerable CAGR of around 4.8% during the forecast period. The major factors that propels the industrial coatings market include growing trend towards eco-friendly coatings coupled with growing industrialization across the globe. Industrial coatings are referred to non-metallic and inert thin films that are processed on the surface through various deposition process such as chemical vapor deposition and physical vapor deposition, among others. The coating process is further followed by the heating and subsequent cooling of the surface. Ceramic coatings are primarily made from the deposition of silica, alumina-magnesia, alumina, silicon nitride, and silicon carbide, among other solutions. It provides a strong long-lasting protection from abrasion, corrosion, and scratches as compared to conventional wax products. Growing adoption of high-performance coatings in automotive industry is one of the major factors fueling the growth of the global industrial coatings market.
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The global industrial coatings market is segmented based on resin type and application. Based on the resin type, the market is further classified into acrylic, polyester, polyurethane, epoxy, and others. The acrylic segment is projected to grow at a significant CAGR during the forecast period. The growing demand of acrylic coatings in various industries such as automotive, aerospace and others further contribute in the segmental growth. On the basis of application the market is further segregated into aerospace, automotive, general industrial, marine, wood, and others .
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Industrial Coatings Market by Resin Type
- Acrylic
- Polyester
- Polyurethane
- Epoxy
- Others (Alkyd)
Global Industrial Coatings Market by End-User
- Aerospace
- Automotive
- General Industrial
- Marine
- Wood
- Others ( Electronics)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- Asian Paints Ltd.
- BASF SE
- Beckers Group
- Berger Paints India Ltd.
- Croda International Plc
- Evonik Industries AG
- Hempel A/S
- Henkel AG & Co. KGaA
- Jotun A/S
- Kansai Paint Co.,Ltd.
- Nippon Paint Holdings Co., Ltd.
- NOROO Paint & Coatings co.,Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sika AG
- Tikkurila OYJ
- The Sherwin-Williams Co.
- The Dow Chemical Co.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial coatings market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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