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Report Overview
The global industrial coatings market size is expected to grow at a CAGR of 3.00% between 2025 and 2034. The major drivers aiding the growth of the market include increasing infrastructure development activities, rapid industrialisation, and expansion of automotive manufacturing.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
| Global Industrial Coatings Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | XX |
| Market Size 2034 | USD Billion | XX |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 3.00% |
| CAGR 2025-2034 - Market by Region | Asia Pacific | 3.5% |
| CAGR 2025-2034 - Market by Country | India | 4.0% |
| CAGR 2025-2034 - Market by Country | China | 3.3% |
| CAGR 2025-2034 - Market by Resin | Polyurethane | 3.6% |
| CAGR 2025-2034 - Market by Technology | Water-Borne Coatings | 3.4% |
| Market Share by Country 2024 | Germany | 4.7% |
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Key Trends in the Market
An industrial coating refers to the layer of substance applied on a surface to provide it with prevention against corrosion, protection from chemicals, resistance from abrasion, and non-stickiness, in industrial applications. Industrial coatings are applied on the equipment either with the help of a brush and spray or by dipping the components directly into the coating.
- The automotive industry has a high demand for industrial coatings which is anticipated to contribute towards the growth of the industrial coatings market. Repair and maintenance of vehicles as well as provision of protection against future damages can be done with the aid of industrial coatings, thus increasing their utilisation.
- Another crucial trend propelling the growth of the market for industrial coatings includes their ability to provide protection and resilient barriers in marine applications. Use of industrial coatings application helps in maintaining the condition of marine vessels, increasing their safety and reliability, thus boosting the industrial coatings market growth.
- The growing oil and gas sector is surging the demand for industrial coatings that offer heat-resistance as well as robust abrasion resistance. These features aid in extending the life of various oil and gas components, particularly those used in offshore oil and gas operations, further bolstering the demand for industrial coatings.
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Global Industrial Coatings Industry Segmentation
The EMR’s report titled “Global Industrial Coatings Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Resin
- Polyurethane
- Epoxy
- Acrylic
- Polyester
- Others
Breakup by Technology
- Water-Borne Coatings
- Solvent-Borne Coatings
- Powder Based
- Others
Breakup by End Use
- Oil and Gas
- Mining
- Power
- Infrastructure
- Marine
- Automotive
- Others
Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global industrial coatings market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Akzo Nobel NV
- Jotun A/S
- PPG Industries, Inc.
- he Sherwin-Williams Company
- Axalta Coating Systems
- Others
Industrial Coatings Market Share by Technology
Solvent-borne coatings account for a significant share of the industrial coatings market owing to their better functionality in humid and open conditions and are expected to generate similar results over the forecast period. Moreover, solvent-borne coatings are premium quality paints providing strength and durability that aid in protecting machines from oil, moisture, salt, and abrasion. They are widely employed in industrial applications and in domains such as marine, oil and gas, and automotive. Advantages such as enhanced functionality and lowered drying time in open and humid conditions are further expected to fuel the popularity of solvent-based coatings in the upcoming years.
| CAGR 2025-2034 - Market by | Country |
| India | 4.0% |
| China | 3.3% |
| Canada | 3.1% |
| France | 2.4% |
| Italy | 2.1% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
| Japan | 2.1% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Industrial Coatings Market Share by Region
Asia Pacific holds a sizable share of the industrial coatings market due to rapid increase in industrialisation which has led to great opportunities for the key players to develop more products for various sectors. With increase in industrialisation, the demand for the industrial coatings has increased, especially from the automotive industry. In the automotive industry, industrial coatings are used as they provide ecological and economic benefits, furthermore, they provide reduced friction and high-quality hardening to automotive components.
Competitive Landscape
Akzo Nobel NV
Akzo Nobel NV is a Dutch chemical manufacturing company that was established in 1994 and is headquartered in Amsterdam in the Netherlands. The company manufactures specialty chemicals along with paints, performance coatings, and polymers, among other chemical products, both for individual customers and industries.
Jotun A/S
Jotun A/S, founded in 1926 and headquartered in Sandefjord, Norway, is a chemical manufacturing company which manufactures paint and coating products including coatings for protection and marine. The company is involved in the marketing of performance coatings and decorative paints, working to create the best quality with constant creativity and innovation.
PPG Industries, Inc.
PPG Industries, Inc. was established in 1883 and has its headquarters in Pennsylvania in the United States. A chemical manufacturing company, PPG manufactures and supplies paints, specialty materials, and coatings across the globe. Other products manufactured and supplied by them include protective and marine coatings, industrial coatings, automotive OEM coatings, and packaging coatings.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include The Sherwin-Williams Company, and Axalta Coating Systems, among others.
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Industrial Coatings Market Report Snapshots
Industrial Coatings Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.00% between 2025 and 2034.
The market drivers include increasing infrastructural development activities, rapid industrialisation, and growth of automotive manufacturing.
The key trends of the market are rise in disposable incomes, increasing demand from the oil and gas sector, rising usage in marine applications, and technological advancements.
The various resins in the market for industrial coatings are polyurethane, epoxy, acrylic, and polyester, among others.
The primary technologies for industrial coatings are water-borne coatings, solvent-borne coatings, and powder based, among others.
The significant end uses of industrial coatings in the market are oil and gas, mining, power, infrastructure, marine, and automotive, among other users.
The major regions of the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the global industrial coatings market are Akzo Nobel NV, Jotun A/S, PPG Industries, Inc., The Sherwin-Williams Company, and Axalta Coating Systems, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Resin |
|
| Breakup by Technology |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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