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 report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Industrial Coating Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Industrial Coating Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 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 Waterborne
7.2 Solvent borne
7.3 Powder Coatings
7.4 Others (UV-and EB-Cured Technologies)
8. Global Industrial Coating Market, By Resin, 2019-2032 (USD Million)
8.1 Acrylic
8.2 Alkyd
8.3 Epoxy
8.4 Polyester
8.5 Polyurethane
8.6 Vinyl
8.7 Fluoropolymer
8.8 Others
9. Global Industrial Coating Market, By End Use Industry, 2019-2032 (USD Million)
9.1 General Industry
9.2 Protective
9.3 Automotive Refinish
9.4 Automotive OEM
9.5 Industrial Wood
9.6 Marine
9.7 Coil
9.8 Packaging
9.9 Aerospace
9.10 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-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11.Company Profiles
11.1 AkzoNobel N.V
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Axalta Coating
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 BASF Coatings
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Beckers Group
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Berger Paints
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Chugoku Marine Paints Ltd.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Hempel A/S
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Jotun
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Kansai Paint CO. Ltd
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 KCC Corporation
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope