Global Industrial Coating Market to Undertake Strapping Growth During 2023-2030

 Infinium Global Research’s recent report on the “Industrial Coating Market (By Resin type (Acrylic, Polyurethane, Epoxy, and Others), By Technology (Solvent based, Waterbased, Powder and others), by End User (General Industry, Marine, Automotive & Vehicle Refinish, Electronics, Aerospace, Oil & Gas, and Others) and Global Industry Analysis, Trends, Market Size & Forecasts to 2030” provides a comprehensive outline of the factors responsible for the growth of the market.

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"We are Now Including the Impact Analysis of COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2023-2030." 

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.

Environment-Friendly Nature

Industrial coatings are developed to meet the customer's requirements in terms of appearance, uniqueness, durability, and compliance with the environment. The industrial coating protects parts from a wide variety of damages and extreme environments. Industrial coatings protect materials and components ranging from infrastructural machinery to floors, others provide protection to parts from heavy wear, physical impact damage, and/or heat and fire, hold gases, oils, water, wastewater, petrochemicals and for food processing equipment that requires non-stick coating, grease, and contaminants with a nonporous topcoat.

Several businesses such as automotive and oil & gas that use industrial coatings were impacted severely by the outbreak of the pandemic. Many countries in the world-imposed country-level lockdowns which impacted the supply chain activity which in turn impacted on the supply of raw materials supplies. The economic slowdown has also affected most of the industries in the world.

Solvent-Based is Fuelling the Growth of the Industrial Coatings Market

The industrial sector is rising due to increasing construction and building where metals are exposed to the environment thus, industrial coatings demand is increasing day by day. Industrialization Urbanization and advancement in materials such as powder coating are also boosting the market. Solved-based are widely used in the general industry, oil and gas, marine, automotive, and other sectors.

The properties such as lower drying times and better functionality in open and humid conditions which it is boosting its growth in the market. The requirement for higher surface finishing and improved resistance in automotive components creates immense opportunity for the adoption of coating solvents in automotive coatings production. Solvent-based coatings are also less vulnerable to harsh conditions.

Asia Pacific Region is Expected to Be the Fastest Growing Region in Industrial Coating Market

In terms of region, Asia Pacific generated the largest revenue in the global Industrial Coating market in 2020 and is expected to remain the leading market over the forecast years. This market is majorly driven due to the availability of labour with low wages, low cost raw materials, and also the growing population in this region. Furthermore, Europe is the second-largest market for industrial coatings.

Europe is heavily regulated, and they ensure a healthy environment and human health protection from the risks posed by chemical products. Industrial and automotive segments are considered to be the largest industries in the industrial coating market. The population growth has increased along with its standard of living, growth in GDP, and Infrastructure development, which are driving the growth in the industrial sector. Industrial sectors possess mechanical properties which help in protection automobiles from scratches, environment, and chemical exposure.

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Key Players Focusing to Increase the Production Capacity by Collaborating with Other Companies

The industrial coating market is intensely competitive with the presence of several multinational and local players. The major player's PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Axalta Coating Systems LLC, Jotun, BASF SE, Henkel AG & Company, KGaA, Nippon Paint Holdings Co., Ltd., Hempel A/S, Beckers Group, and several others are constantly focusing on developing new products to gain a competitive edge in the market. These manufacturers are adopting numerous market strategies including new product launches, collaboration, and mergers & acquisitions with numerous food-delivering companies at the country level.

For instance, PPG, a major supplier of paints, coatings, and specialty materials acquired Alpha Coating Technologies, which is a manufacturer of powder coatings for light industrial applications and heat-sensitive substrates in February 2020.

Infinium Global Research’s recent report on the global industrial coating market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the industrial coating market and also estimates the impact of recent developments in the global market.

Table of Content

Chapter 1.      Preface

1.1.   Report Description

1.2.   Research Methods

1.3.   Research Approaches

Chapter 2.      Executive Summary

2.1.   Industrial Coating Market Highlights

2.2.   Industrial Coating Market Projection

2.3.   Industrial Coating Market Regional Highlights

Chapter 3.      Global Industrial Coating Market Overview

3.1.   Introduction

3.2.   Market Dynamics

3.2.1.      Drivers

3.2.2.      Restraints

3.2.3.      Opportunities

3.3.   Analysis of COVID-19 Impact on the Industrial Coating Market

3.4.   Porter's Five Forces Analysis

3.5.   IGR-Growth Matrix Analysis

3.6.   Value Chain Analysis of Industrial Coating Market

Chapter 4.      Industrial Coating Market Macro Indicator Analysis

Chapter 5.      Global Industrial Coating Market by Type

5.1.   Epoxy

5.2.   Acrylic

5.3.   Polyurethane

5.4.   Polyester

5.5.   Others

Chapter 6.      Global Industrial Coating Market by Technology

6.1.   Water-borne Coatings

6.2.   Solvent-borne Coatings

6.3.   Others

Chapter 7.      Global Industrial Coating Market by End-user

7.1.   General Industrial

7.2.   Protective Coatings

Chapter 8.      Global Industrial Coating Market by Region 2023-2030

8.1.   North America

8.2.   Europe

8.3.   Asia-Pacific

8.4.   RoW

Chapter 9.      Company Profiles and Competitive Landscape

9.1.   Competitive Landscape in the Global Industrial Coating Market

9.2.   Companies Profiles

9.2.1.      AkzoNobel N.V.

9.2.2.      Axalta Coating Systems

9.2.3.      BASF SE

9.2.4.      Beckers Group

9.2.5.      Chugoku Marine Paints, Ltd

9.2.6.      Hempel A/S

9.2.7.      Jotun

9.2.8.      Kansai Paint Co. Ltd.

9.2.9.       Nippon Paint

9.2.10.   PPG Industries

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of industrial coating.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.