As per MarkNtel Advisors The Global Industrial Coatings Market size is valued at around USD 107.19 billion in 2024 & is projected to reach USD 132.18 billion by 2030. The market is also estimated to grow at a CAGR of around 4.30% during the forecast period, i.e., 2025-30.
Global Industrial Coatings Market Systems Market Outlook:
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Global Industrial Coatings Market Systems Market Segmentation:
By Technology
-Water-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
-Solvent-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
-Powder-Based Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
-Others- Market Size & Forecast 2020-2030, (Thousand Tons)
By Resin Type
-Acrylic Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
-Alkyd Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
-Epoxy Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
-Polyester Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
-Polyurethane Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
-Fluoropolymer Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
-Others- Market Size & Forecast 2020-2030, (Thousand Tons)
By End-Use Industry
-General Industrial- Market Size & Forecast 2020-2030, (Thousand Tons)
-Marine- Market Size & Forecast 2020-2030, (Thousand Tons)
-Automotive and Vehicle Refinish- Market Size & Forecast 2020-2030, (Thousand Tons)
-Electronics- Market Size & Forecast 2020-2030, (Thousand Tons)
-Aerospace- Market Size & Forecast 2020-2030, (Thousand Tons)
-Oil and Gas- Market Size & Forecast 2020-2030, (Thousand Tons)
-Mining- Market Size & Forecast 2020-2030, (Thousand Tons)
-Power Generation- Market Size & Forecast 2020-2030, (Thousand Tons)
-Others- Market Size & Forecast 2020-2030, (Thousand Tons)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
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Global Industrial Coatings Market Driver:
Expansion of the Automotive Sector to Drive the Industrial Coatings Industry – The growing sales of passenger vehicles worldwide have led to a massive increase in automobile manufacturing worldwide. Furthermore, the growth in consumer expendable income in countries such as India, the Philippines, and other Southeast Asian countries has enhanced the rise by hike in demand for automobiles. Moreover, the sales of luxury cars have also risen substantially as consumers have been changing preferences and rising disposable incomes and there has been a growth in demand for modern automotive technologies utilized in automobiles. In response to the rising demand for luxury vehicles, manufacturers are quickly developing manufacturing facilities across developing regions like the Asia Pacific to manufacture more premium cars in emerging nations.
Henceforth, the intensifying sales of passenger vehicles, especially across developing countries, have significantly contributed to the growth & development of automobile manufacturing across the globe. Hence, the demand for industrial coatings has also significantly increased as a result of the increased manufacturing of high-performance cars, which aim to offer a luxury experience.
Furthermore, market growth is expected to be further supported by the increasing demand for customized vehicle designs and paints. The established automobile manufacturers are planning for future expansion of their production plants to manufacture customized vehicles, which would augment the size & volume of the Industrial Coatings Market in the coming years.
Report Highlights Essential Insights for Strategic Decision-Making
- Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand
Some of the leading players in the Global Industrial Coatings Market are:
Kansai Paint Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, Llc, Jotun A/S, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Rpm International Inc., Hempel A/S, Basf Coatings Gmbh, Advanced Nanotech Lab, The Chemours Company, Noroo Paint & Coatings, Weilburger Coatings, Beckers Group and others
Research Methodology Summary
A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.
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