Industrial Coatings Market Size & Share Report, 2022-2030

The global Industrial Coatings market size is expected to be worth around US$ 120.5 billion by 2030, according to a new report by Vision Research Reports.

The global Industrial Coatings market size was valued at US$ 85.16 billion in 2020 and is anticipated to grow at a CAGR of 4.4% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 120.5 billion by 2030
Growth Rate CAGR of 4.4% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Technology, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 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

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.

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.

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.

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)

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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

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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