Industrial Coating Market Growth, Size, Trends, Share, Opportunities and Future Scope
Industrial Coating Market Size- By Technology, By Resin, By End use Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: CHEM2355 | Pages: 1 - 233 | Formats*: |
| Category : Chemical & Materials | |||
Global Industrial Coating Market Overview
According to SPER Market Research, the Global Industrial Coating Market is estimated to reach USD 137.76 billion by 2032 with a CAGR of 2.77%.
A type of coating or paint used to protect surfaces and structures from wear and tear, corrosion, and other types of damage caused by exposure to various environmental factors such as moisture, chemicals, and extreme temperatures is referred to as industrial coating. Industrial coatings are used in a many different sectors, including construction, automotive, aerospace, marine, and electronics, and are applied to a wide range of surfaces, including metal, concrete, wood, and plastic. These coatings can provide both protective and aesthetic benefits to the surface being coated. Industrial coatings can be applied in a variety of ways, including spraying, dipping, and brushing, and are available in a variety of types, including epoxy, polyurethane, and acrylic coatings.
The global industrial coating market is a highly competitive and rapidly expanding market that involves the manufacture and sale of coatings and paints for a variety of industrial applications. Coating products in the market include acrylics, alkyds, epoxies, polyurethanes, and other specialty coatings used to protect and improve the durability, functionality, and aesthetic appeal of industrial equipment, machinery, and structures. The growing demand for protective coatings that can sustain harsh environmental conditions such as extreme temperatures, humidity, and chemical exposure is driving the market. Furthermore, the expansion of various end-use industries such as automotive, construction, aerospace, and marine has resulted in the expansion of the industrial coating market.
Impact of COVID-19 on the Global Industrial Coating Market
The global industrial coating market has been impacted by the COVID-19 pandemic in a variety of ways. On the one hand, the pandemic has wreaked havoc on the global supply chain, causing delays in the production and delivery of raw materials, components, and finished goods. This has resulted in a decrease in demand for industrial coatings from a variety of end-use industries, including automotive, aerospace, and construction. Furthermore, the global economic slowdown and uncertainty have reduced investments and capital expenditures, reducing demand for industrial coatings.
However, the COVID-19 pandemic has increased demand for industrial coatings in certain industries such as healthcare and food packaging. With the rise in health concerns, there has been an increase in demand for antimicrobial coatings that can aid in the reduction of virus and bacteria spread. Similarly, there has been an increase in demand for industrial coatings that can improve product shelf life and prevent contamination in the food packaging industry. Overall, the COVID-19 impact on the global industrial coating market is anticipated to be temporary, with the market expected to gradually recover as the global economy returns to normalcy. The market's recovery is also expected to be fueled by rising demand from emerging economies, a growing trend towards eco-friendly coatings, and technological advancements in the industry. The rate of recovery, however, is likely to vary depending on region and end-use industry.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Technology, By Resin, By End Use Industry |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | AkzoNobel N.V, Axalta Coating, BASF Coating, Beckers Group, Berger Group, Chugoku Marine Paints Ltd., Hempel A/S, Jotun, Kansai Paint Co. Ltd, KCC Corporation |
Target Audience:
- Manufacturers and suppliers of industrial coatings
- Distributors and Wholesalers
- Automotive Industry
- Aerospace Industry
- Marine Industry
- Construction Industry
- Electronics Industry
Global Industrial Coating Market Segmentation:
1. By Technology:
- Waterborne
- Solvent borne
- Powder Coatings
- Others
2. By Resin:
- Acrylic
- Alkyd
- Epoxy
- Polyester
- Polyurethane
- Vinyl
- Fluoropolymer
3. By End Use Industry:
- General Industry
- Protective
- Automotive Refinish
- Automotive OEM
- Industrial Wood
- Marine
- Coil
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Industrial Coating Market (FY’2019-FY’2032)
- Overview of Global Industrial Coating Market
- Segmentation of Global Industrial Coating Market By Technology (Waterborne, Solvent borne, Powder Coatings, Other (UV-and EB-Cured Technologies)
- Segmentation of Global Industrial Coating Market By Resin (Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Vinyl, Fluoropolymer, Others)
- Segmentation of Global Industrial Coating Market By End Use Industry (General Industry, Protective, Automotive Refinish, Automotive OEM, Industrial Wood, Marine, Coil, Packaging, Aerospace, Rail)
- Statistical Snap of Global Industrial Coating Market
- Growth Analysis of Global Industrial Coating Market
- Problems and Challenges in Global Industrial Coating Market
- Competitive Landscape in the Global Industrial Coating Market
- Impact of COVID-19 and Demonetization on Global Industrial Coating Market
- Details on Recent Investment in Global Industrial Coating Market
- Competitive Analysis of Global Industrial Coating Market
- Major Players in the Global Industrial Coating Market
- SWOT Analysis of Global Industrial Coating Market
- Global Industrial Coating Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Industrial Coating Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Industrial Coating Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Coating Market
7. Global Industrial Coating Market, By Technology, 2019-2032 (USD Million)
7.1 Waterborne7.2 Solvent borne7.3 Powder Coatings7.4 Others (UV-and EB-Cured Technologies)
8. Global Industrial Coating Market, By Resin, 2019-2032 (USD Million)
8.1 Acrylic8.2 Alkyd8.3 Epoxy8.4 Polyester8.5 Polyurethane8.6 Vinyl8.7 Fluoropolymer8.8 Others
9. Global Industrial Coating Market, By End Use Industry, 2019-2032 (USD Million)
9.1 General Industry9.2 Protective9.3 Automotive Refinish9.4 Automotive OEM9.5 Industrial Wood9.6 Marine9.7 Coil9.8 Packaging9.9 Aerospace9.10 Rail
10. Global Industrial Coating Market, By Region, 2019-2032 (USD Million)
10.1 Global Industrial Coating Market Size and Market Share by Region (2019-2025)10.2 Global Industrial Coating Market Size and Market Share by Region (2026-2032)10.3 Asia-Pacific10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific10.4 Europe10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom10.4.6 Rest of Europe10.5Middle East and Africa10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa10.6North America10.6.1 Canada10.6.2 Mexico10.6.3 United States10.7Latin America10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11.Company Profiles
11.1 AkzoNobel N.V11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments11.2 Axalta Coating11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments11.3 BASF Coatings11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments11.4 Beckers Group11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments11.5 Berger Paints11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments11.6 Chugoku Marine Paints Ltd.11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments11.7 Hempel A/S11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments11.8 Jotun11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments11.9 Kansai Paint CO. Ltd11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments11.10 KCC Corporation11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industrial Coating Market grew in market size from 2021. The Market is expected to reach USD 137.76 billion by 2032, at a CAGR of 2.77% during the forecast period.
Industrial Coating Market CAGR of 2.77% during the forecast period.
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Industrial Coating Market size is USD 137.76 billion from 2022 to 2032.
Industrial Coating Market Segment is Covered By Technology, By Resin, By End Use Industry
The North America region is anticipated to have the highest market share in Industrial Coating Market.
The key players in the market include Companies Covered Healthway Medical, Hi-Precision Diagnostics, The Medical City, Makati Medical Center, St. Luke’s Medical Center, Singapore Diagnostics, New World Diagnostics, Medicus Diagnostics, Medi Card, Aventus Medical Care.
The growing demand for protective coatings that can sustain harsh environmental conditions such as extreme temperatures, humidity, and chemical exposure is driving the market.
Industrial Coating Market is projected to reach USD 137.76 billion by 2032, growing at a CAGR of 2.77% during the forecast period.
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