Market Insights and Analysis: Industrial Coatings Market Overview and Projections (2024-2030)
The Global Industrial Coatings Market size is estimated to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30.
Top leading companies in the Industrial Coatings Market includes:
Kansai Paint Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, Llc, Jotun A/S, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Rpm International Inc., Hempel A/S, Basf Coatings Gmbh, Advanced Nanotech Lab, The Chemours Company, Noroo Paint & Coatings, Weilburger Coatings, Beckers Group and others
Industry Recent Development:
- 2023: Kansai Paint Co. Ltd. announced the acquisition of the global Railway Coatings business assets from Beckers Group´s company for the expansion of its industrial coatings business.
- 2023: PPG Industries, Inc. unveiled a USD 44 billion investment proposal aimed at improving and modernizing five of its powder coating manufacturing plants situated in the United States and Latin America. The initiative is part of PPG's strategic plan to expand its diverse variety of powder coatings while boosting production capabilities globally, driven by customers' heightened need for eco-friendly merchandise.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Technology
-Water-Borne Coatings
-Solvent-Borne Coatings
-Powder-Based Coatings
-Others
- The solvent-borne segment accounts for the majority of the market share on account of their rapid drying ability, making them well-suited for high-speed production processes.
By Resin Type
-Acrylic Resin
-Alkyd Resin
-Epoxy Resin
-Polyester Resin
-Polyurethane Resin
-Fluoropolymer Resin
-Others
By End-Use Industry
-General Industrial
-Marine
-Automotive and Vehicle Refinish
-Electronics
-Aerospace
-Oil and Gas
-Mining
-Power Generation
-Others
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Industrial Coatings Market Geographic Reach:
The Geographic Reach of the Industrial Coatings Market evaluates the spread and significance of Industrial Coatings market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
- Middle East & Africa: Saudi Arabia, The UAE, South Africa, Rest of Middle East & Africa
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