image

Industrial Coatings Market Report Scope & Overview:

Industrial Coatings Market Revenue Analysis

Get more information on Industrial Coatings Market - Request Sample Report

Industrial Coatings Market Size was valued at USD 110.2 billion in 2023, and is expected to reach USD 150.19 billion by 2032 and grow at a CAGR of 3.5% over the forecast period 2024-2032.

Chemical resistance, water resistance, durability, impact resistance, abrasion resistance, and UV light resistance are just a few of the features those industrial coatings have. Industrial coatings are in high demand in a variety of applications, including concrete, steel, board, wall, roofs, and other industrial materials. In addition, increased environmental concerns and rigorous VOC regulations are boosting demand for water and powder-based industrial coatings. As a result, the following variables will contribute to the Industrial Coatings Industry's overall growth throughout the predicted period.

Market Dynamics:

Drivers:

  • VOC emissions in coating resins are being reduced.

  • Low polluting coating technologies 

  • The environment-friendly nature

Restraints:

  • Differentiate between the market products by market players.

  • The harmful environmental impact.

Opportunity:

  • To put money into the shipbuilding and pipeline industries

Challenge:

  • A rising number of government regulatory rules are being implemented.

  • Increasing emphasis on complying with state and local wastewater discharge rules.

Market Segmentation:

By Technology

  • Waterborne

  • Solventborne

  • Powder Coatings

  • Others

By Resin

  • Acrylic

  • Alkyd

  • Epoxy

  • Polyester

  • Polyurethane

  • Vinyl

  • Fluoropolymer

  • Others

By End-Use Industry

  • General Industrial

  • Protective

  • Automotive Refinish

  • Automotive OEM

  • Industrial Wood

  • Marine

  • Coil

  • Packaging

  • Aerospace

  • Rail

Regional Analysis:

The APAC region is expected to develop the most due to the goals of expanding the industrial coatings market share throughout the forecast period, which will finish in 2028. The APAC area is generally driven by the emergence of opportunities, which is followed by the availability of vast quantities of dependable labour at low market rates. Low raw material prices, along with a massive increase in the population in metropolitan areas, will enable the market grow at a rapid pace during the projection period. Furthermore, the construction sector in the Indian subcontinent has been on a massive upswing, which is accelerating due to increased government backing for the sector and the development of infrastructure and new projects like bridges, buildings, and metros that are on the way of expanded development in various market areas. 

Industrial-Coatings-Market-Regional-Analysis--2023

Get Customized Report as per your Business Requirement - Request For Customized Report

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

The Sherwin-Williams Company, PPG Industries, Inc., Axalta Coating Systems, Akzo Nobel N.V., and other players.

Industrial Coatings Market Report Scope:
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)
• By Resin (Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Vinyl, Fluoropolymer, Others)
• By End-Use Industry (General Industrial, Protective, Automotive Refinish, Automotive OEM, Industrial Wood, Marine, Coil, Packaging, Aerospace, Rail)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles The Sherwin-Williams Company, PPG Industries, Inc., Axalta Coating Systems, Akzo Nobel N.V., and other players.
DRIVERS • VOC emissions in coating resins are being reduced.
• Low polluting coating technologies
• The environment-friendly nature
Restraints • Differentiate between the market products by market players.
• The harmful environmental impact.

Frequently Asked Questions

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: Differentiate between the market products by market players and The harmful environmental impact are the restraints for Industrial Coatings Market.

 

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 110.2 billion in 2023, and expected to reach USD 145.11 billion by 2031, and grow at a CAGR of 3.5 % over the forecast period 2024-2031.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Industrial Coatings Market Segment, By Technology

8.1 Waterborne

8.2 Solventborne

8.3 Powder Coatings

8.4 Others (UV- and EB-cured technologies)

9. Industrial Coatings Market Segment, By Resin

9.1 Acrylic

9.2 Alkyd

9.3 Epoxy

9.4 Polyester

9.5 Polyurethane

9.6 Vinyl

9.7 Fluoropolymer

9.8 Others

10. Industrial Coatings Market Segment, By End-Use Industry

10.1 General Industrial

10.2 Protective

10.3 Automotive Refinish

10.4 Automotive OEM

10.5 Industrial Wood

10.6 Marine

10.7 Coil

10.8 Packaging

10.9 Aerospace

10.10 Rail

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 The Sherwin-Williams Company

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 PPG Industries, Inc.

12.3 Axalta Coating Systems

12.4 Akzo Nobel N.V.

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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.

Secondary Research

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.

Primary Research

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.

Data Bank Validation

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.


  •            5000 (33% Discount)


  •            8950 (40% Discount)


  •            3050 (23% Discount)

Start a Conversation

Hi! Click one of our member below to chat on Phone