Industrial Coatings Market
Global Industrial Coatings Market Size, Share & Trends Analysis Report by Resin Type (Acrylic, Polyester, Polyurethane, Epoxy, and Others), By End-User (Consumer Electronics, Automotive, Industrial, and Others) and Forecast 2020-2026 Update Available - Forecast 2024-2030
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.
Segmental Outlook
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 .
Global Industrial Coatings Market Share by End-User, 2019(%)
Global industrial coatings market to be driven by automotive application
Among application, the automotive segment held a considerable growth in the market owing to the significant rise in the application of various coatings technology in automotive sector. Automotive coatings and the processes related to the automotive coatings includes coating of the automobile surfaces. It is beneficial for the care as it protects the car surface from corrosion, scratches, and provides gloss and longevity. This demonstrate the avant-garde of technologies that are capable of producing durable coated surfaces, which exceeds the customers’ expectations of appearance, provides maximizing efficiency, and enables in meeting environmental regulations. The critical factors contributing in the development and use of advanced automotive coatings and coating technologies include aesthetic characteristics, corrosion protection, mass production and others.
Regional Outlook
Geographically, the global industrial coatings market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to hold significant growth in the global industrial coatings market. The market is mainly driven due to growing industrialization and significant adoption of coating technology in various sectors in automotive, aerospace, wood and industrial applications. Moreover, the rising demand of environment friendly coating further provide significant opportunity to the market in the region .
Global industrial coatings Market Growth, by Region 2020-2026
Asia-Pacific to hold a considerable share in the global industrial coatings market
Geographically, Asia-Pacific is projected to hold a significant market share in the global industrial coatings market. The market is mainly driven by the increasing application of industrial coatings in automotive industry in the region, growing urbanization and industrialization. The major countries which will have a significant market share during the forecast period are India, China, and Japan. Apart from those nations, South Korea, Australia, Thailand, and Indonesia will play a major contributor to the market. According to International Trade Administration, in 2016 the total value for Chinese auto parts industry valued around $23 billion with a growth of 30% yearly. Surface of object is coated with various resin types in order to improve functionality and appearance of the object. Owing to advantages provided by industrial coatings such as resistance to abrasion and wear, it has found its applications in various industries. Since, the automotive parts are mainly subjected to abrasion and wear, this type of coating is generally preferred in automotive sector. Owing to the growing automotive industry in the country, the industrial coatings market is likely to get fueled up in the forecast period.
Market Players Outlook
The key players in the industrial coatings market contributing significantly by providing different resin types of products and increasing their geographical presence across the globe. The key players of the market include Akzo Nobel N.V., Axalta Coating Systems, LLC, BASF SE, Jotun A/S, PPG Industries Inc., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ 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.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Akzo Nobel N.V.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Axalta Coating Systems, LLC
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. BASF SE
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Jotun A/S
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. PPG Industries Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Industrial Coatings Market by Resin Type
5.1.1. Acrylic
5.1.2. Polyester
5.1.3. Polyurethane
5.1.4. Epoxy
5.1.5. Others (Alkyd)
5.2. Global Industrial Coatings Market by End-User
5.2.1. Aerospace
5.2.2. Automotive
5.2.3. General Industrial
5.2.4. Marine
5.2.5. Wood
5.2.6. Others ( Electronics)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Akzo Nobel N.V.
7.2. Axalta Coating Systems, LLC
7.3. Asian Paints Ltd.
7.4. BASF SE
7.5. Beckers Group
7.6. Berger Paints India Ltd.
7.7. Croda International Plc
7.8. Evonik Industries AG
7.9. Hempel A/S
7.10. Henkel AG & Co. KGaA
7.11. Jotun A/S
7.12. Kansai Paint Co.,Ltd.
7.13. Nippon Paint Holdings Co., Ltd.
7.14. NOROO Paint & Coatings co.,Ltd.
7.15. PPG Industries Inc.
7.16. RPM International Inc.
7.17. Sika AG
7.18. Tikkurila OYJ
7.19. The Sherwin-Williams Co.
7.20. The Dow Chemical Co.
1. GLOBAL INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2019-2026 ($ MILLION)
2. GLOBAL ACRYLIC INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL POLYESTER INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL POLYURETHANE INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL EPOXY INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL OTHER INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
8. GLOBAL INDUSTRIAL COATINGS IN CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL INDUSTRIAL COATINGS IN AEROSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL INDUSTRIAL COATINGS IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL INDUSTRIAL COATINGS IN GENERAL INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL INDUSTRIAL COATINGS IN MARINE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL INDUSTRIAL COATINGS IN WOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL INDUSTRIAL COATINGS IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2019-2026 ($ MILLION)
18. NORTH AMERICAN INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
19. EUROPEAN INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
20. EUROPEAN INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2019-2026 ($ MILLION)
21. EUROPEAN INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2019-2026 ($ MILLION)
24. ASIA-PACIFIC INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
25. REST OF THE WORLD INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2019-2026 ($ MILLION)
26. REST OF THE WORLD INDUSTRIAL COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
1. GLOBAL INDUSTRIAL COATINGS MARKET SHARE BY RESIN TYPE, 2019 VS 2026 (%)
2. GLOBAL INDUSTRIAL COATINGS MARKET SHARE BY END-USER, 2019 VS 2026 (%)
3. GLOBAL INDUSTRIAL COATINGS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
6. UK INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD INDUSTRIAL COATINGS MARKET SIZE, 2019-2026 ($ MILLION)
