Global Industrial Coating Market Size, Trends & Growth Opportunity, By Type (Polyurethane, Epoxy, Acrylic, Polyester, Alkyd, Fluoropolymer, Others), By Technology (Solvent-based, Water-based, Powder, High Solids, Others), By Region and Forecast till 2027
Report ID : QR1001299 | Industries : Chemicals & Materials | Published On :January 2022 | Page Count : 241Global Industrial Coating Market
The global Industrial Coating market was valued at USD 85200 million in 2020 which expected to reach USD 103200 million by 2027 at a CAGR 3.9% from 2020-2027.
This is a coating that is intended to meet the most stringent industrial standards for chemical and corrosion resistance. It is constructed of polymer materials, which produce the most durable coatings. Among the principal industrial coatings are automotive and refinish coatings. Because of its visual appeal, surface protection, and corrosion resistance, refinish coatings are becoming increasingly popular for automobile maintenance, repair, and aftermarket painting, which is likely to drive demand for industrial coatings.
Market Drivers
The need for a more efficient procedure and more lasting coatings with improved aesthetics.
Nowadays, industrial coating products are provided with a multi-year corrosion guarantee, owing to advancements in coating performance. In addition to enhanced performance, manufacturers are constantly releasing new environmentally friendly items to the market. The technologies used to make coatings today differ from the solvent-based technology that was previously used. The development of new technologies has dramatically improved the performance of coatings.
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Market Restraints
Difficulty in obtaining thin powder coating films.
Powder coatings have good flow qualities, minimum edge build-up, and consistent raw material distribution throughout the powder mixes. They have use in ornamental, protective, and optical coatings. Powder coatings, on the other hand, give a thick finish on metal items. Thin finishes are difficult to achieve with conventional powder coatings because the thickening of the polymer might result in the creation of an uneven texture. A effective thin-film application requires a link between the colour and opacity of powder coating pigments.
Impact of COVID-19
COVID-19 has revealed numerous issues for the industrial coatings business, affecting both the automotive and general industrial sectors. The epidemic has impacted the major economies in each region, resulting in a decrease in activity across industries that utilize industrial coatings. In 2020 and 2021, industries such as packing are projected to benefit, while others are expected to suffer. The market is predicted to recover beginning in 2021, with industrial and transportation activity returning to full capacity.
Market Segmentation
The Global Industrial Coating Market is segmented into Type, Technology. By Type such as Industrial Polyurethane, Epoxy, Acrylic, Polyester, Alkyd, Fluoropolymer, Others. Further, market is segmented into By Technology such as Solvent-based, Water-based, Powder, High Solids, Others.
Regional Analysis
Global Industrial Coating Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. APAC has risen to become the world's biggest consumer and manufacturer of industrial coatings. The region is a massive manufacturing hub, which has resulted in foreign investment and thriving industrial sectors, owing to low-cost labour and widely accessible raw resources. The region's booming industrial, aerospace, transportation, marine, and automotive industries are driving up demand for industrial coatings.
Key Players
Various key players are listed in this report such as 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
Market Taxonomy
By Type
- Polyurethane
- Epoxy
- Acrylic
- Polyester
- Alkyd
- Fluoropolymer
- Others
By Technology
- Solvent-based
- Water-based
- Powder
- High Solids
- Others
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Industrial Coating Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Industrial Coating Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Industrial Coating Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Industrial Coating Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Industrial Coating Market Share Analysis, By Type
5.3 Global Industrial Coating Market Size and Forecast, By Type
5.3.1 Polyurethane
5.3.2 Epoxy
5.3.3 Acrylic
5.3.4 Polyester
5.3.5 Alkyd
5.3.6 Fluoropolymer
5.3.7 Others
6 Global Industrial Coating Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Industrial Coating Market Share Analysis, By Technology
6.3 Global Industrial Coating Market Size and Forecast, By Technology
6.3.1 Solvent-based
6.3.2 Water-based
6.3.3 Powder
6.3.4 High Solids
6.3.5 Others
7 Global Industrial Coating Market, By End-user industry
7.1 Y-o-Y Growth Comparison, By End-user industry
7.2 Global Industrial Coating Market Share Analysis, By End-user industry
7.3 Global Industrial Coating Market Size and Forecast, By End-user industry
7.3.1 General Industrial
7.3.2. Protective
7.3.4. Automotive OEM
7.3.5. Automotive Refinish
7.3.6. Industrial Wood
7.3.7 Coil
7.3.8 Packaging
7.3.9 Marine
7.3.10 Aerospace
7.3.11 Rail
8 Global Industrial Coating Market, By Region
8.1 Global Industrial Coating Market Share Analysis, By Region
8.2 Global Industrial Coating Market Share Analysis, By Region
8.3 Global Industrial Coating Market Size and Forecast, By Region
9 North America Industrial Coating Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Industrial Coating Market Share Analysis, By Type
9.3 North America Industrial Coating Market Size and Forecast, By Technology
9.4 North America Industrial Coating Market Size and Forecast, By End-user industry
9.6 North America Industrial Coating Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Industrial Coating Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Industrial Coating Market Share Analysis, By Type
10.3 Europe Industrial Coating Market Size and Forecast, By Technology
10.4 Europe Industrial Coating Market Size and Forecast, By End-user industry
10.6 Europe Industrial Coating Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Industrial Coating Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Industrial Coating Market Share Analysis, By Type
11.3 Asia Pacific Industrial Coating Market Size and Forecast, By Technology
11.4 Asia Pacific Industrial Coating Market Size and Forecast, By End-user industry
11.6 Asia Pacific Industrial Coating Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Industrial Coating Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Industrial Coating Market Share Analysis, By Type
12.3 Latin America Industrial Coating Market Size and Forecast, By Technology
12.4 Latin America Industrial Coating Market Size and Forecast, By End-user industry
12.6 Latin America Industrial Coating Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Industrial Coating Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Industrial Coating Market Share Analysis, By Type
13.3 Middle East Industrial Coating Market Size and Forecast, By Technology
13.4 Middle East Industrial Coating Market Size and Forecast, By End-user industry
13.6 Middle East Industrial Coating Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 PPG Industries, Inc.
15.1.1 Overview
15.1.2 Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Akzo Nobel N.V
15.2.1 Overview
15.2.2 Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. The Sherwin-Williams Company
15.3.1 Overview
15.3.2 Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Axalta Coating Systems, LLC
15.4.1 Overview
15.4.2 Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Jotun
15.5.1 Overview
15.5.2 Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 BASF SE
15.6.1 Overview
15.6.2 Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Henkel AG & Company
15.7.1 Overview
15.7.2 Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 KGaA
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.8 Nippon Paint Holdings Co., Ltd
15.8.1 Overview
15.8.2 Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Hempel A/S
15.9.1 Overview
15.9.2 Types
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
16.10 Beckers Group
16.9.1 Overview
16.9.2 Types
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies