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Industrial Coatings Market Latest Trends 2019-2025: PPG Industries, DowDuPont Inc., BASF, AkzoNobel

Author: Pranjali Chandekar
by Pranjali Chandekar
Posted: Jun 30, 2019

Global industrial coatings market report covers a widespread analysis of the penetration and application of coatings across various key end-use industries. The industrial coatings industry report provides a thorough analysis of the current and projected market size and projections for the period of 2015 to 2025, with 2018 being the base year and 2019 to 2025 being the forecasted estimates. Global industrial coatings market trends have been analyzed based on the extensive value chain of the paints and coatings market and macroeconomic trends which support global growth in different geographies.

Global industrial coatings market is currently witnessing to steady growth, and projected to rise with a CAGR of 5.0% from 2019 to 2025. The global market is considered to exceed the market value of USD 49.0 billion by 2025. Increasing production of automobiles throughout the globe has significantly driven the need for coatings throughout the globe. With the growth in purchasing power of consumers, quality and demand for paints and coatings have evolved. Global industrial coatings market is highly dynamic in nature since the demand for coatings is influenced by the rise in industrial plants and manufacturing activities, which has significantly provided impetus to the industrial coatings market size.

Get more insights at: Global Industrial Coatings Market 2019-2025

Automotive and aerospace industries collectively held a revenue share of over 40% in 2018 and is expected to rise with a significant CAGR by 2025. Low volatility, corrosion protection of steel pipes and fittings in the oil and gas industry, industrial water transmission pipelines, and reinforcing bars are some of the other factors supporting the rising industrial coatings market size.

Industrial coatings market in North America and Western Europe has been matured and its growth has been directly proportional to the growth of the regional economies. Sluggish growth of automotive OEM, machinery and construction industries in these economies has led to coatings industry experience slow growth. However, coatings demand in industries in Asia Pacific continues to witness a fast-paced growth. The APAC region accounted for more than 50% of the revenue market share in 2018.

Based on the coating resin types, the epoxy resins segment held a revenue of USD 7.74 Bn in 2018 and is further expected to rise with 3.5% CAGR from 2019 to 2025. These coatings witness rapid gains as the inner and outer surface coatings in industrial concrete and metal tanks. The construction industry is the largest consumer of epoxy water-based coatings since they provide excellent adhesion to the substrate surfaces such as metal, glass, and fiber. Growing demand for fusion based epoxy coatings in manufacturing industries since it improves the shelf life of structural steel is expected to widely impact the global industrial coatings market.

Get more details about Global Industrial Coatings Market:

https://www.adroitmarketresearch.com/industry-reports/industrial-coatings-market

Key players in the industrial coatings market are moving towards consolidation, especially in Western Markets. Successful consolidations help paints and coatings manufacturers seize growth opportunities in untapped regions, improve and diversify their product portfolio and achieve economies of scale. Some of the leading players operating in the industrial coatings market include PPG Industries, DowDuPont Inc., BASF, AkzoNobel, Nippon Paints NOROO Paints & Coatings, Sherwin-Williams and Valspar.

Key segments of the global industrial coatings market

Resin Type Overview, 2015-2025 (KiloTons) (USD Million)

  • Acrylic
  • Epoxy
  • Alkyd
  • Polyurethane
  • Polyester

Technology Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Solvent borne
  • Water borne
  • Powder coatings
  • Others

End-Use Industry Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Automotive
  • Aerospace
  • Marine
  • Building and Construction
  • Packaging
  • Protective

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

For Any Query on the Industrial Coatings Market:

https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/843

About US:

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Information:

Ryan Johnson

Account Manager Global

3131 McKinney Ave Ste 600, Dallas,

TX 75204, U.S.A

Phone No.: USA: +1 (214) 884-6068 / +91 9665341414

About the Author

Ryan Johnson Account Manager Global 3131 McKinney Ave Ste 600, Dallas, TX 75204, U.S.A Phone No.: Usa: +1 (214) 884-6068 / +91 9665341414

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Author: Pranjali Chandekar

Pranjali Chandekar

Member since: Mar 18, 2019
Published articles: 39

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