Industrial Coatings Market Revenue Analysis By Product, Technology, End Use, Regional Outlook and Forecast 2021 to 2030

The Industrial Coatings Market size is expected to reach over US$ 120.5 billion by 2030 from at US$ 85.16 billion in 2020, growing at a CAGR of 4.4% during the forecast period 2021 to 2030.

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What are the Growth Factors?

A rise in consumer awareness regarding sustainable products and increasing stringency of environmental regulations regarding the reduction of VOC emissions are supporting the demand for eco-friendly industrial coatings. Increasing awareness regarding the protection of vehicle paints by healing scratches and damages on vehicle surfaces has surged the market growth.

Rising demand from the general industry is significantly driving the market. Industrial coating is widely used in various end-use sectors, including automotive and vehicle refinish, electronics, aerospace, oil and gas, mining, marine, and power generation.  Automotive and refinish coatings are among the major industrial coatings.

Report Coverage

By Product Analysis

The acrylic segment led the market and accounted for a revenue share of more than 35.0% in 2020. Acrylic industrial coating is widely used in general industries, automotive and auto refinish, aerospace, and other end-use.

Epoxy industrial coatings are widely used in construction, shipbuilding, and wastewater treatment plants owing to their excellent properties such as resistance to stains, cracking, extreme temperatures, and blistering.

The product is used in home appliances such as refrigerators and washing machines to protect them from food acids, corrosive gases, and humidity, extend the service life, and improve the aesthetics of the appliances.

By Technology Analysis

The solvent borne segment led the market and accounted for a revenue share of more than 35.0% in 2020. Solvent-borne industrial coatings are widely used in the general industry, oil and gas, marine, automotive, and other sectors.

Water-based industrial coatings dry at a faster rate compared to solvent-based coatings due to the rapid evaporation of water from the coating layer, which results in faster drying without surface skin formation. Water-based industrial coatings are primarily used where solvent-based coatings are expected to react with the substrate.

By End-use Analysis

The general industrial segment led the market and accounted for a revenue share of more than 41.0% in 2020. The general industry segment includes the consumption of industrial coatings in coil, packaging, construction, agriculture, and wood applications.

Industrial coating is widely used in various wood applications such as joinery, kitchen cabinets, furniture, millwork, and musical instruments. It is used in the protection and refinement of wood or wood-made structures. The coating helps increase the product life and enhance the visual cues of the wooden products.

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By Regional Analysis

Asia Pacific dominated the market and accounted for the largest revenue share of over 46.0% in 2020. Increasing industrialization and growing product demand from the automotive and vehicle refinish sector in countries such as India, Japan, and South Korea are expected to drive the market over the forecast period.

Asia Pacific compared to North America and Europe are expected to create large-scale opportunities for the use of industrial coatings in various end-use sectors, such as the general industry, automotive and vehicle refinish, and marine. Low labor cost in the emerging nations of Asia Pacific has attracted many foreign investors to set up their manufacturing facilities in the region. 

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Key Players

• 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 Segmentation

• By Product
  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polyester
  • Others
• By Technology
  • Solvent Borne
  • Water Borne
  • Powder Based
  • Others
• By End-use
  • General Industrial
  • Marine
  • Automotive & Vehicle Refinish
  • Electronics
  • Aerospace
  • Oil & Gas
  • Mining
  • Power Generation
  • Others
• Regional
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • United Arab Emirates (UAE)

The Industrial Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Industrial Coatings market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Industrial Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Industrial Coatings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Industrial Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Industrial Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Industrial Coatings by regions (countries) and application.

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Industrial Coatings Market, By Product

7.1.  Industrial Coatings Market, by Product, 2021-2030

7.1.1.    Acrylic

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Alkyd

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Polyurethane

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Epoxy

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Polyester

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Industrial Coatings Market, By Technology

8.1.  Industrial Coatings Market, by Technology, 2021-2030

8.1.1.    Solvent Borne

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Water Borne

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Powder Based

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Others

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Industrial Coatings Market, By End-use

9.1.  Industrial Coatings Market, by End-use, 2021-2030

9.1.1.    General Industrial

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Marine

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Automotive & Vehicle Refinish

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Electronics

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Aerospace

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Oil & Gas

9.1.6.1.        Market Revenue and Forecast (2017-2030)

9.1.7.    Mining

9.1.7.1.        Market Revenue and Forecast (2017-2030)

9.1.8.    Power Generation

9.1.8.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Industrial Coatings Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product (2017-2030)

10.1.2.  Market Revenue and Forecast, by Technology (2017-2030)

10.1.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Product (2017-2030)

10.2.2.  Market Revenue and Forecast, by Technology (2017-2030)

10.2.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Product (2017-2030)

10.3.2.  Market Revenue and Forecast, by Technology (2017-2030)

10.3.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Product (2017-2030)

10.4.2.  Market Revenue and Forecast, by Technology (2017-2030)

10.4.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Product (2017-2030)

10.5.2.  Market Revenue and Forecast, by Technology (2017-2030)

10.5.3.  Market Revenue and Forecast, by End-use (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by End-use (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 11.  Company Profiles

11.1.              PPG Industries, Inc.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Akzo Nobel N.V.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              The Sherwin-Williams Company

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Axalta Coating Systems, LLC

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Jotun

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              BASF SE

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Henkel AG & Company, KGaA

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Nippon Paint Holdings Co., Ltd.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Hempel A/S

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Beckers Group

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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