Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Industrial Coatings Market Size

The global industrial coatings market is expected to grow at a CAGR of 3.30% between 2024 and 2032. The major drivers aiding the growth of the market include increasing infrastructure development activities, rapid industrialisation, and expansion of automotive manufacturing.


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.

 

Industrial Coatings Market Report Snapshots

Industrial Coatings Market Size

Industrial Coatings Market Analysis

Industrial Coatings Companies

Industrial Coatings Market Regional Analysis

 

*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 expected to grow at a CAGR of 3.0% between 2024 and 2032.

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.

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