Get more information on Industrial Coatings Market - Request Sample Report
The industrial coatings market size was valued at USD 116.38 billion in 2023 and is expected to reach USD 161.06 billion by 2032 and grow at a CAGR of 3.68% over the forecast period 2024-2032. This report provides comprehensive statistical insights and emerging trends in the industrial coatings market, covering key aspects such as production volume and utilization rates by region, along with raw material price fluctuations by country in 2023. It analyzes the regulatory impact on VOC emissions and sustainability standards, highlighting shifts toward eco-friendly coatings and compliance measures. Additionally, the report explores environmental metrics, including carbon footprint and waste management, while assessing R&D investments in next-generation coatings such as smart and nanotechnology-based formulations. Lastly, it examines the adoption of digital solutions in coatings applications, emphasizing AI-driven innovations and automation.
Market Dynamics
Drivers
Growing demand from automotive and transportation industry drives market growth.
A major catalyst to the industrial coatings market is culinary appeal generated from the automotive and transportation industry as manufacturers that utilize high-performance coatings for decorative and protective purposes. Coatings are used to improve corrosion resistance, durability, and to reduce maintenance cost in order to meet the growing consumer demand for quality, durability and aesthetics, as demand for vehicle production in the global automotive sector is increasing. The trend towards lightweight materials like aluminum and composites in automotive manufacturing is also responsible for some new advancements in coatings, as they need to provide excellent adhesion and durability. Increased electric vehicle (EV) production has further activated its specific coating requirements such as heat resistance coating, anti-reflective coating, and insulating coating for batteries and electronic parts. In addition to this, the growing implementation stringent government regulations on environment protection have forced the automakers to move towards the use of low-VOC, waterborne and powder coatings for compliance with the sustainability standards. The global transportation industry is undergoing expansion, leading to an increase in requirements along with demand for coating products that are innovative, environmentally friendly, and high performance, which in turn is expected to drive revenue growth of the industrial coatings market.
Restraint
Limited performance of waterborne coatings in extreme conditions may hamper the market growth.
Demand for waterborne coatings in extreme conditions remains a concern and will pose a challenge to wider acceptance of this technology, restraining the growth of the industrial coatings market. Waterborne coatings are getting attention lately for their low VOC emissions and environmental benefits; however, they still lack the durability, chemical resistance, and adhesion of real solvent-based coatings in harsh environments. For instance, in cases of extreme temperature, high air humidity, and chemical action or corrosion, waterborne coatings may not perform as well as solvent-borne coatings. The usage of film thickness in waterborne in terms of efficiency can be negatively influenced, resulting in a corresponding increase of labor as well as production costs, as waterborne coatings can take longer to dry. Waterborne coatings may require a long curing time in cold weather and high humidity areas, making them less practical in some regions.
Opportunities
Increasing use of ai and digital technologies in coating applications creating an opportunity for the market.
Rising adoption of AI & digital technologies for coating applications is boosting growth in industrial coatings market as these technologies provide enhanced efficiencies, less wastage and overall better performance. Coating processes are being equipped with AI-driven predictive maintenance systems to monitor application quality, identify defects in real time and select the optimal coating thickness, thereby, ensuring uniformity while minimizing material waste. As an added bonus, the automated robotic spraying systems and the AI-powered formulation software can help reach accurate applications resulting in quicker production cycles and cost savings. The digital twin technology is also being implemented, which when it comes to simulating the coating performance in different environment, it enables the manufacturer to develop the more durable and high-performance coatings.
Challenges
Complex supply chain and raw material dependency challenges for Industrial Coatings market.
The industrial coatings market is pressure-driven from inefficient supply chains and high loss of profits due to heavy dependency on raw materials which leads to inefficient production of the bulk. Since industrial coatings still depend on resins, pigments, additives, and solvents derived from petrochemicals, they are directly vulnerable to price volatility in many markets and disruptions of supply due to global tensions, trade restrictions, and shortages of feedstock. Moreover, ingredient sourcing for key ingredients i.e., titanium dioxide, acrylics and epoxies generally includes more than one supplier in different regions resulting in logistical complexities and cost escalations. By itself, the crude oil market is known for its volatility, and crude oil prices directly affect resin and solvent prices as they rise and fall, adding another element of market instability.
By Product
Acrylic coatings held the largest market share around 34% in 2023. They have excellent resistance to UV rays, weathering, and corrosion, making them suitable for automotive, construction, marine, and industrial applications. Also, acrylic-based coatings apparently offer superior adhesion with rapid dry time and gloss retention that help prolong the beauty and life of coated surfaces. The rising demand for waterborne acrylic coatings due to the low VOC emission and stringent environmental regulations is another factor anticipated to propel the market growth as these products are less toxic and more environmentally friendly to solvent-based acrylic coatings. In additional, the booming construction and manufacturing industries are positively impacting the applicational scope of acrylic coatings in protective coatings for infrastructure, machinery, and appliances.
By Technology
Solvent Borne held the largest market share around 38% in 2023. It is owing to their high performance, durability, and ability to withstand extreme conditions. They provide excellent resistance to chemicals, corrosion and abrasion, making them well-suited for automotive, aerospace, marine, and heavy machinery applications where durability is essential. Since solvent-borne coatings cure quickly regardless of humidity or colder temperatures, they provide the strong adhesion and fast-dry times necessary to promote productivity in industrial applications, unlike waterborne coatings. Moreover, they have a great gloss retention, excellent leveling, and smooth finish also pushes them ahead of the competition and makes them popular to use on metal structures, equipment, and protective coatings. While environmental regulations on volatile organic compounds (VOCs) have been tightening, many industries are still dependent on solvent-based coatings because of their excellent performance in harsh environments.
By End-User Industry
General Industrial held the largest market share around 22% in 2023. It is due to their large applications in various industries such as machinery, equipment, appliances, and manufacturing components. They offer protection from corrosion, wear, and chemical exposure which is essential for increasing service life and performance of industrial products. Demand for general industrial coatings is primarily driven by the growth of manufacturing, construction and infrastructure development which is coupled with metal fabrication, agricultural equipment, consumer goods, and industrial machinery. Furthermore, the development of high-performance coatings like powder coatings and low-VOC formulations have also driven the expansion of coating usage since they are durable, economical, and adhere to environmental regulations.
Regional Analysis
Asia Pacific held the largest market share around 42% in 2023. Due to the fast industrialization, increasing manufacturing volume and demand from automotive, construction, electronics & electronics and other sectors, the Asia Pacific emerged as the largest market over the years in the industrial coatings market. Asia-Pacific has emerged the new global manufacturing hub, with demand for protective and performance coatings in machinery, appliances and infrastructure projects skyrocketing in China, India, Japan and South Korea. Further, the increasing rate of urbanization, high investments in commercial and residential construction and government efforts to enhance the infrastructure development are driving the industrial coatings market. Demand has also been bolstered by the rising automotive sector, especially in China and India where coatings impart durability, corrosion resistance, and aesthetics. Additionally, the availability of leading suppliers and raw materials, the availability of inexpensive labor and workforce for domestic production, and the increasing implementation of advanced coating technologies are factors leading to its share domination in the global industrial coatings market.
North America held the significant market share. It comprises of dominating industrial coatings manufacturers which are significantly involved in investment of R&D and novel coating technologies, including low-VOC, waterborne and powder coatings due to environmental regulation compliance by EPA and other regulatory bodies. Rising protective and decorative coatings demand due to an increase in construction and renovation activities in the U.S. and Canada, is another factor driving growth. Additional factors driving market growth include the increasing aerospace, oil & gas, and marine industries which demand within them durable, corrosion-resistant coatings. In addition, North America is likely to maintain its strong market share in the global industrial coatings market on the back of increasing innovations in smart coating, nano coating, and self-healing coatings.
Get Customized Report as per your Business Requirement - Request For Customized Report
Key Players
PPG Industries, Inc. (Amercoat, Envirocron)
Akzo Nobel N.V. (Interpon, Sikkens)
Sherwin-Williams Company (Powdura, Kem Aqua)
Axalta Coating Systems (Imron, Alesta)
BASF SE (Glasurit, R-M)
RPM International Inc. (Tremclad, Carboline)
Nippon Paint Holdings Co., Ltd. (Ecolusion, Aqua Borne)
Kansai Paint Co., Ltd. (Ales Shiquy, Z Coat)
Jotun A/S (Hardtop, Marathon)
Hempel A/S (AvantGuard, Hempadur)
Asian Paints Limited (Apco Coatings, Trucare)
Berger Paints (WeatherCoat, Luxol)
Beckers Group (BeckryTherm, BeckryTex)
Tikkurila Oyj (Temadur, Fontecryl)
Masco Corporation (Behr, Kilz)
Benjamin Moore & Co. (Ultra Spec, Corotech)
Walter Wurdack Inc. (Polycron, Aquacron)
Teknos Group (Teknodur, Teknocryl)
Shawcor Ltd. (Enviroline, SureBond)
Cloverdale Paint Inc. (Cloverthane, Envirolastic)
Recent Development
In December 2024, Qemtex Chemical Holding inaugurated a new powder coating facility in Umm Al Quwain, UAE, enhancing production capacity for industrial, architectural, and specialized powder coatings.
In August 2024, PPG Industries, Inc. Completed capacity expansion upgrades at the Yen Phong industrial coatings plant in Bắc Ninh province, Vietnam, strengthening production capabilities in the region.
|
Report Attributes |
Details |
|---|---|
|
Market Size in 2023 |
US$ 110.2 Billion |
|
Market Size by 2032 |
US$ 150.19 Billion |
|
CAGR |
CAGR of 3.5% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Technology (Waterborne, Solvent borne, Powder Coatings, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
PPG Industries, Inc., Akzo Nobel N.V., Sherwin-Williams Company, Axalta Coating Systems, BASF SE, RPM International Inc., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Jotun A/S, Hempel A/S, Asian Paints Limited, Berger Paints, Beckers Group, Tikkurila Oyj, Masco Corporation, Benjamin Moore & Co., Walter Wurdack Inc., Teknos Group, Shawcor Ltd., Cloverdale Paint Inc. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Limited performance of waterborne coatings in extreme conditions may hamper the market growth.
Ans: Chemical resistance, water resistance, durability, impact resistance, abrasion resistance, and UV light resistance are just a few of the features of industrial coatings.
Ans: Industrial Coatings Market Size was valued at USD 116.38 billion in 2023, and is expected to reach USD 161.06 billion by 2032, and grow at a CAGR of 3.68 % over the forecast period 2024-2032.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 By Production Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by l Country, By Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Industrial Coatings Market Segmentation, by Product
7.1 Chapter Overview
7.2 Acrylic
7.2.1 Acrylic Market Trends Analysis (2020-2032)
7.2.2 Acrylic Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Alkyd
7.3.1 Alkyd Market Trends Analysis (2020-2032)
7.3.2 Alkyd Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Polyurethane
7.4.1 Polyurethane Market Trends Analysis (2020-2032)
7.4.2 Polyurethane Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Epoxy
7.5.1 Epoxy Market Trends Analysis (2020-2032)
7.5.2 Epoxy Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Polyesters
7.6.1 Polyesters Market Trends Analysis (2020-2032)
7.6.2 Polyesters Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.7.1 Others Market Trends Analysis (2020-2032)
7.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Industrial Coatings Market Segmentation, By Technology
8.1 Chapter Overview
8.2 Solvent Borne
8.2.1 Solvent Borne Market Trends Analysis (2020-2032)
8.2.2 Solvent Borne Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Water Borne
8.3.1 Water Borne Market Trends Analysis (2020-2032)
8.3.2 Water Borne Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Powder Based
8.4.1 Powder Based Market Trends Analysis (2020-2032)
8.4.2 Powder Based Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Industrial Coatings Market Segmentation, by End-Use Industry
9.1 Chapter Overview
9.2 General Industrial
9.2.1 General Industrial Market Trends Analysis (2020-2032)
9.2.2 General Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Marine
9.3.1 Marine Market Trends Analysis (2020-2032)
9.3.2 Marine Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Automotive & Vehicle Refinish
9.4.1 Automotive & Vehicle Refinish Market Trends Analysis (2020-2032)
9.4.2 Automotive & Vehicle Refinish Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Electronics
9.5.1 Electronics Market Trends Analysis (2020-2032)
9.5.2 Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Aerospace
9.6.1 Aerospace Market Trends Analysis (2020-2032)
9.6.2 Aerospace Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Oil & Gas
9.7.1 Oil & Gas Market Trends Analysis (2020-2032)
9.7.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Mining
9.8.1 Mining Market Trends Analysis (2020-2032)
9.8.2 Mining Market Size Estimates and Forecasts to 2032 (USD Billion)
9.9 Power Generation
9.9.1 Power Generation Market Trends Analysis (2020-2032)
9.9.2 Power Generation Market Size Estimates and Forecasts to 2032 (USD Billion)
9.10 Others
9.10.1 Others Market Trends Analysis (2020-2032)
9.10.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Industrial Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.4 North America Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.5 North America Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.6.2 USA Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.6.3 USA Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.7.2 Canada Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.7.3 Canada Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.8.2 Mexico Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.8.3 Mexico Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Industrial Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.6.2 Poland Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.6.3 Poland Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.7.2 Romania Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.7.3 Romania Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Industrial Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.4 Western Europe Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.5 Western Europe Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.6.2 Germany Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.6.3 Germany Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.7.2 France Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.7.3 France Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.8.2 UK Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.8.3 UK Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.9.2 Italy Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.9.3 Italy Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.10.2 Spain Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.10.3 Spain Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.13.2 Austria Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.13.3 Austria Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Industrial Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.4 Asia Pacific Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.5 Asia Pacific Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.6.2 China Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.6.3 China Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.7.2 India Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.7.3 India Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.8.2 Japan Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.8.3 Japan Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.9.2 South Korea Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.9.3 South Korea Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.10.2 Vietnam Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.10.3 Vietnam Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.11.2 Singapore Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.11.3 Singapore Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.12.2 Australia Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.12.3 Australia Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Industrial Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.4 Middle East Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.5 Middle East Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.6.2 UAE Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.6.3 UAE Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Industrial Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.4 Africa Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.5 Africa Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Industrial Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.4 Latin America Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.5 Latin America Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.6.2 Brazil Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.6.3 Brazil Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.7.2 Argentina Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.7.3 Argentina Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.8.2 Colombia Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.8.3 Colombia Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Industrial Coatings Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Industrial Coatings Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Industrial Coatings Market Estimates and Forecasts, by End-Use Industry (2020-2032) (USD Billion)
11. Company Profiles
11.1 PPG Industries, Inc.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.2 Akzo Nobel N.V.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.3 Sherwin-Williams Company
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.4 Axalta Coating Systems
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.5 BASF SE
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.6 RPM International Inc.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.7 Nippon Paint Holdings Co., Ltd.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.8 Kansai Paint Co., Ltd.
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.9 Jotun A/S
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.10 Hempel A/S
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusio
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product
Acrylic
Alkyd
Polyurethane
Epoxy
Polyesters
Others
By Technology
Solvent Borne
Water Borne
Powder Based
Others
By End-Use Industry
General Industrial
Marine
Automotive & Vehicle Refinish
Electronics
Aerospace
Oil & Gas
Mining
Power Generation
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
The textile coatings market size was USD 4.45 Billion in 2023 and is expected to reach USD 6.52 Billion by 2032 and grow at a CAGR of 4.23% over the forecast period of 2024-2032.
Barrier Films Market was valued at USD 35.38 Billion in 2023 and is expected to reach USD 53.80 Billion by 2032, growing at a CAGR of 4.77% from 2024-2032.
3D Printing Elastomers Market size was USD 299.6 million in 2023 and is expected to reach USD 2501.9 million by 2032 and grow at a CAGR of 26.6% from 2024-2032.
The Chemical as a Service Market Size was valued at USD 9.07 billion in 2023 and will reach $13.50 billion by 2032 and grow at a CAGR of 7.96% by 2024-2032
The Jojoba Oil Market Size was USD 140.87 million in 2023. It is estimated to hit USD 270.08 million by 2032 and grow at a CAGR of 7.50% by 2024-2032.
The Agricultural Enzymes Market Size was USD 530 Million in 2023 & expected reach to USD 1122.4 Million by 2032 and grow at a CAGR of 8.7% by 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2025 All Rights Reserved by SNS Insider Pvt Ltd
