The global industrial coatings market was valued US$ 82.5 Bn and is expected to reach 95.86 Bn by 2027, at a CAGR of 4.10% during a forecast period.



Global Industrial Coatings Market

Market Definition:

Industrial coatings are products engineered specifically for their protective and functional properties. But while protection is their underlying goal, they also can be aesthetic. Most industrial coatings are used for corrosion control of concrete and steel, but they lie under a complex market umbrella and work in numerous areas. Also known as an original equipment manufacturer (OEM) coatings, these industrial-grade products can be used for a number of applications. Industrial coatings make up a large market, with hundreds of millions of gallons sold to customer industries per year.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

Market Drivers and Restraints:

The growth of the industrial coating market is driven by factors like development in construction projects that are demanding efficient coating for concrete or steel from corroding will boost the market growth. Properties like its use are to make the material less susceptible to fire or other hazards is creating the thirst in the market from a protection point of view by the numerous sector.

Growing new coatings to prevent pipeline clogging which prevents the formation of ices on the inner surface of the pipes this may clog in the oil wells or pipelines. Ongoing research to solve such problems by the coting industry estimated to open several opportunities for the targeted market in near future. On the other hand, governmental pressure, and initiative to use bio-based coating for governmental vehicles like trains, railway tracks to meet the environmental need is considered as another factor to drive the market in the coming years. Additionally, nano-coating is considered as one of the key factors for the market growth owing to the growing demand aircraft engines sector to reduce fuel consumption will expand market popularity and demand across the globe.

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Scope of Industrial Coatings Market

Global Industrial Coatings market, By Resin

• Polyurethane
• Fluoropolymers
• Polyester
• Acrylic
• Alkyd
• Epoxy
• Others
Global Industrial Coatings market, By Type

• High Solids
• Solvent
• Powder
• Water
Global Industrial Coatings market, By End-Users

• Automotive OEM
• General Industrial
• Construction
• Marine
• Aerospace
• Wood
• Packaging
• Others
Global Industrial Coatings Market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Industrial Coatings Market,

• The Sherwin-Williams Company
• Weilburger Coatings GmbH
• Axalta Coating Systems, LLC
• Nippon Paint Holdings Co., Ltd
• Noroo Paint & Coatings Co., Ltd
• RPM International Inc
• PPG Industries, Inc.
• Akzo Nobel N.V.
• Hempel A/S
• Kansai Paint Co. Ltd
• Teknos Group
• Tikkurila OYJ
• BASF SE
• Valspar
• Jotun

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