MarkNtel Advisors recently published a detailed industry analysis of the Global Industrial Coatings Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Industrial Coatings Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Industrial Coatings Market size is valued at around USD 107.19 billion in 2024 & is projected to reach USD 132.18 billion by 2030. The market is also estimated to grow at a CAGR of around 4.30% during the forecast period, i.e., 2025-30.
Key Findings in Global Industrial Coatings Market:
- Historical Analysis: 2020–2023
- Base Year: 2024
- Forecast Period: 2025–2030
Leading Market Players- 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
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Industrial Coatings industry?
Expansion of the Automotive Sector to Drive the Industrial Coatings Industry – The growing sales of passenger vehicles worldwide have led to a massive increase in automobile manufacturing worldwide. Furthermore, the growth in consumer expendable income in countries such as India, the Philippines, and other Southeast Asian countries has enhanced the rise by hike in demand for automobiles. Moreover, the sales of luxury cars have also risen substantially as consumers have been changing preferences and rising disposable incomes and there has been a growth in demand for modern automotive technologies utilized in automobiles. In response to the rising demand for luxury vehicles, manufacturers are quickly developing manufacturing facilities across developing regions like the Asia Pacific to manufacture more premium cars in emerging nations.
Henceforth, the intensifying sales of passenger vehicles, especially across developing countries, have significantly contributed to the growth & development of automobile manufacturing across the globe. Hence, the demand for industrial coatings has also significantly increased as a result of the increased manufacturing of high-performance cars, which aim to offer a luxury experience.
Furthermore, market growth is expected to be further supported by the increasing demand for customized vehicle designs and paints. The established automobile manufacturers are planning for future expansion of their production plants to manufacture customized vehicles, which would augment the size & volume of the Industrial Coatings Market in the coming years.
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What segments define the Global Industrial Coatings Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Technology
- Water-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Solvent-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Powder-Based Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
According to report, 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- Market Size & Forecast 2020-2030, (Thousand Tons)
- Alkyd Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Epoxy Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyester Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyurethane Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Fluoropolymer Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
By End-Use Industry
- General Industrial- Market Size & Forecast 2020-2030, (Thousand Tons)
- Marine- Market Size & Forecast 2020-2030, (Thousand Tons)
- Automotive and Vehicle Refinish- Market Size & Forecast 2020-2030, (Thousand Tons)
- Electronics- Market Size & Forecast 2020-2030, (Thousand Tons)
- Aerospace- Market Size & Forecast 2020-2030, (Thousand Tons)
- Oil and Gas- Market Size & Forecast 2020-2030, (Thousand Tons)
- Mining- Market Size & Forecast 2020-2030, (Thousand Tons)
- Power Generation- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
According to report, The general industrial segment held the largest market share in the Global Industrial Coatings Market as the sector uses specialized formulations designed to protect surfaces and equipment in various industries.
Explore the Complete Global Industrial Coatings Market Analysis Report – https://www.marknteladvisors.com/research-library/industrial-coatings-market.html
Geographical Analysis: Global Industrial Coatings Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Industrial Coatings Market 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.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Industrial Coatings Market?
- How is the Industrial Coatings Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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