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Industrial Coatings Market to Grow US$ 107.32 Billion by 2027

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The global Industrial Coatings market size is expected to surpass around US$ 107.32 billion by 2027 and the market is expected to garner growth at a CAGR of 3.02% over the forecast period 2021 to 2027.

The Industrial Coatings market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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Growth Factors

Some of the major influences driving the growth of industrial coatings market are requirement for efficient process and durable coatings with improved aesthetics, growing demand for environmentally-friendly coatings and increasing requirement from emerging nations of Asia Pacific.

Intensifying demand for industrial coatings from the general industry is suggestively motivating the growth of the global market. Industrial coating is extensively used in numerous end users sectors such automotive, marine, vehicle refinish, general industrial, electronics, oil and gas, mining, aerospace, and power generation. Properties like water resistance, abrasion resistance chemical resistance, flexibility, impact resistance, and UV light resistance are stimulating the demand of industrial coatings in numerous applications like floor, wall, concrete, steel, roofs, and other industrial materials. Further, increasing demand for environmentally friendly coatings on account of rising environmental concern and severe VOC norms are motivating the demand for powder and water-based industrial coatings.

Market Report Scope

Report Highlights Details
Market Size USD 107.32 Billion by 2027
Growth Rate CAGR of 3.02% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Industrial Coatings market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Industrial Coatings market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Industrial Coatings. The study also provides the dynamics that are responsible for influencing the future status of the Industrial Coatings market over the forecast period.

A detailed assessment of the Industrial Coatings market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Industrial Coatings market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The U.S. has evolved as prime market for industrial coatings in North America due to improved life standards and superior infrastructural growth.
  • Among different types of industrial coatings, solvent-borne coatings are estimated to observe a substantial growth in demand in evolving nations such as Brazil, China, India, and Russia. Mainly due to swift infrastructure development and mounting general industrial sector.
  • Rapid industrialization, particularly in Asia Pacific together with a robust impetus of government on infrastructural expansion and cumulative private-public collaboration are powering the growth of the general industrial sector. This in turn is expected to offer profitable growth opportunities for the industrial coatings market during next few years.

Regional Snapshots

Geographically, Asia Pacific has appeared as the prominent producer and consumer of different types of industrial coatings. This region is a gigantic manufacturing hub which has caused appealing foreign investment and the thriving industrial segments principally owing to the low-cost labor and cheap and easy obtainability of raw materials. There is an upsurge in the demand for industrial coatings due to the rising aerospace, industrial, transportation, marine, and automotive industrial sector across this region.

Europe established position of second-largest market in the global industrial coatings industry. Europe is profoundly regulated to safeguard a high level of environment and human health fortification from the hazards caused by chemicals. Additionally, severe regulations have inhibited formulators and raw material providers. The economic slowdown has also greatly affected many industries in Europe; nevertheless, the demand for industrial coatings is projected to upsurge gradually with safety guidelines and continuing recovery initiatives in the region.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Hempel A/S
  • PPG Industries, Inc.
  • Akzo Nobel N.V.
  • Axalta Coating Systems, LLC
  • Jotun
  • The Sherwin-Williams Company
  • Nippon Paint Holdings Co., Ltd.

Segments Covered in the Report

By Technology

  • Powder Based
  • Solvent Borne
  • Water-Borne
  • Others

By Product

  • Epoxy
  • Acrylic
  • Alkyd
  • Polyurethane
  • Polyester
  • Others

By End-user

  • Electronics
  • Aerospace
  • General Industrial
  • Marine
  • Mining
  • Power Generation
  • Automotive & Vehicle Refinish
  • Oil & Gas
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

Why should you invest in this report?

If you are aiming to enter the global Industrial Coatings market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Industrial Coatings are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

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

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 Type, 2020-2027
7.1.1. Epoxy
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Acrylic
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Alkyd
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Polyurethane
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Polyester
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Industrial Coatings Market, By Technology

8.1. Industrial Coatings Market, by Technology, 2020-2027
8.1.1. Powder Based
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Solvent Borne
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Water-Borne
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2016-2027)

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

9.1. Industrial Coatings Market, by End-user, 2020-2027
9.1.1. Electronics
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Aerospace
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. General Industrial
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Marine
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Mining
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Power Generation
9.1.6.1. Market Revenue and Forecast (2016-2027)
9.1.7. Automotive & Vehicle Refinish
9.1.7.1. Market Revenue and Forecast (2016-2027)
9.1.8. Oil & Gas
9.1.8.1. Market Revenue and Forecast (2016-2027)
9.1.9. Others
9.1.9.1. Market Revenue and Forecast (2016-2027)

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

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Technology (2016-2027)
10.1.3. Market Revenue and Forecast, by End-user (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Technology (2016-2027)
10.1.4.3. Market Revenue and Forecast, by End-user (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Technology (2016-2027)
10.1.5.3. Market Revenue and Forecast, by End-user (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Technology (2016-2027)
10.2.3. Market Revenue and Forecast, by End-user (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Technology (2016-2027)
10.2.4.3. Market Revenue and Forecast, by End-user (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Technology (2016-2027)
10.2.5.3. Market Revenue and Forecast, by End-user (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Technology (2016-2027)
10.2.6.3. Market Revenue and Forecast, by End-user (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Technology (2016-2027)
10.2.7.3. Market Revenue and Forecast, by End-user (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Technology (2016-2027)
10.3.3. Market Revenue and Forecast, by End-user (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Technology (2016-2027)
10.3.4.3. Market Revenue and Forecast, by End-user (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Technology (2016-2027)
10.3.5.3. Market Revenue and Forecast, by End-user (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Technology (2016-2027)
10.3.6.3. Market Revenue and Forecast, by End-user (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Technology (2016-2027)
10.3.7.3. Market Revenue and Forecast, by End-user (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Technology (2016-2027)
10.4.3. Market Revenue and Forecast, by End-user (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Technology (2016-2027)
10.4.4.3. Market Revenue and Forecast, by End-user (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Technology (2016-2027)
10.4.5.3. Market Revenue and Forecast, by End-user (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Technology (2016-2027)
10.4.6.3. Market Revenue and Forecast, by End-user (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Technology (2016-2027)
10.4.7.3. Market Revenue and Forecast, by End-user (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Technology (2016-2027)
10.5.3. Market Revenue and Forecast, by End-user (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Technology (2016-2027)
10.5.4.3. Market Revenue and Forecast, by End-user (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Technology (2016-2027)
10.5.5.3. Market Revenue and Forecast, by End-user (2016-2027)

Chapter 11. Company Profiles

11.1. Hempel A/S
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. PPG Industries, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Akzo Nobel N.V.
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. The Sherwin-Williams Company
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Nippon Paint Holdings Co., Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Others
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3.

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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