Industrial Coatings Market

Industrial Coatings Market by Resin (Polyurethane, Epoxy, Acrylic, Alkyd), Technology (Solvent-based, Water-based, Powder), End-Use Industry (General Industrial, Protective, Automotive, Aerospace, Wood, Packaging) and Region - Global Forecast (2022 - 2026)

Report Code: CH 1208 Apr, 2022, by marketsandmarkets.com

The industrial coatings market size is expected to reach USD 116.0 billion by 2026, at a CAGR of 2.5%.

The general industrial coatings market has diverse end users and is tied to multiple industries. The drivers of the general industrial coatings market are population growth, improved standard of living, infrastructure growth, global GDP growth, and growth in the construction industry. Lighting fixtures, antennas, and electrical components are some of the powder-coated products used daily. The key factor driving the growth of the market includes the increasing demand from end-use industries. The general industrial, by end-use industry in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for Industrial Coatings.

Industrial Coatings Market

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COVID-19 Impact on the Global Industrial Coatings Market

According to recent updates by the IMF (International Monetary Fund), there will be a recession as bad as the global economic crisis of 2008 or worse in 2020. The IMF has warned of a total output loss of USD 9 trillion of the world economy between 2020 and 2021. The extent of the economic damage still depends on how the virus spreads in Europe, the US, and other major economies.

  • According to economists, the Chinese economy is likely to be hit further by reduced global demand for its products due to the effect of the outbreak on economies around the world. As the pandemic escalates, the growth rate will fall sharply against the backdrop of volatile markets and growing credit stress.
  • Initial data from China suggests that its economy has been hit far harder than projected, although a tentative stabilization has begun. In Europe and the US, increasing restrictions on travel & transportation and prolonged lockdown will lead to a demand collapse that is expected to recover a little in the second quarter before significant recovery begins later in the year.
  • Central banks have swung into action and are undertaking some combinations of sharply reduced policy rates, resumed assets purchase, and liquidity injections. Fiscal authorities have generally lagged but begun to loosen their purse strings. It is expected that larger and more targeted spending to the most affected groups is forthcoming.
  • Restrictions on movement in Europe and the US are putting a severe dent on economic activity. India and Southeast Asian countries are also facing major disruption in their economies.

Industrial Coatings Market Dynamics

Drivers:Increasing demand for environment-friendly coatings

The environment-friendly nature of industrial coatings has been one of their most important characteristics. Stringent EU regulations regarding the reduction of VOC emissions in coating resins and low polluting coating technologies are driving the demand for environment-friendly coatings. Government regulations in the US and Western European countries, especially regarding air pollution, will continue to be a driving force for the adoption of new and low-pollution coating technologies. These regulations have led to the shift in demand from solvent-based coatings to environment-friendly products, such as water based, powder, high solids, and UV-curable coatings. These environment-friendly products contain fewer solvents that evaporate during the curing phase. Hence, new rules and regulations set by the European Commission and federal government agencies are leading toward achieving a greener environment with minimum or zero VOC emissions.

Opportunities: Attractive prospects for powder coatings in shipbuilding and pipeline sectors

China is one of the largest countries, with regard to shipping and shipbuilding. The country has contributed continuously to the growth of powder coatings in the shipbuilding and pipeline sectors. The demand for powder coating technology is continuously increasing in the pipeline sector. This is an attractive opportunity for the powder coatings industry to invest in the shipbuilding and pipeline sectors, especially in the developing countries of Asia Pacific and South America.

Challenges: Stringent and regulatory policies

Owing to an increasing number of government regulatory policies, industrial coating producers have to improve their processes to comply with new policies. Products that fail to meet the legal requirements are not allowed in countries that have stringent environment regulations, especially in Western Europe and North America.

The industrial coatings market also faces many challenges with the increasing focus on meeting state and local regulations for wastewater discharge. The powder coating operations have a considerable amount of metals, oil & grease, and suspended solids in their wastewater streams generated during cleaning and pretreatment phases.

It becomes difficult for powder coating manufacturers to meet many state and local environmental regulations because of their wastewater streams. Metal finishing companies that use various electroplating processes have been facing the problem of adhering to regulations due to heavy metal contamination.

Protective end-use industry segment accounted for the second highest share of the Industrial Coatings market in 2020.

Protective coatings are used to protect the surface of materials from oil, chemicals, light, water, high-temperature fluctuations, and so on. Protective coatings offer benefits, such as resistance to corrosion, fire & chemical abrasion, and waterproofing and thermal insulation. Protective coatings can be used for applications, such as consumer products and heavy machinery; in oil & gas, petrochemical, infrastructure, power generation, and water & sewage industries.

Asia Pacific dominated the global protective coatings market due to a large number of end-use industries as well as the high growth in the region in 2020. The Middle East & Africa is also emerging as a strategic location for protective coating manufacturers after Asia Pacific. Increased investments in the construction, marine, and energy industries in China and India have led to changing industry trends, which is expected to boost the protective coatings market. China is the largest consumer of these coatings, which is mainly attributed to the growing energy demand and need for maintenance in the transportation industry.

Industrial Coatings Market by Region

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Asia Pacific is the fastest-growing Industrial coatings market.

Asia Pacific is projected to be the fastest-growing market during the forecast period. The region comprises countries with different levels of economic development. The growth in the region is mainly attributed to the use of Industrial coatings in different end-use industries such as General industrial, Protective, Automotive refinish, Automotive OEM, Industrial wood, Marine, Coil, Packaging, Aerospace and Rail.

Industrial Coatings Market
Key Market Players

AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), Axalta coating systems, LLC (US), and Nippon Paint (Japan) are the major players in the Industrial coatings market.

AkzoNobel N.V. is a diversified chemical company. It is active in the fields of decorative paints, performance coatings, and specialty chemicals. Powder coating is produced under the performance coatings segment. AkzoNobel N.V. has a strong customer base and operates in many countries of Europe, North America, Asia Pacific, South America, and the Middle East & Africa. The company has business activities in more than 80 countries around the world. It has a wide product portfolio which includes brands such as Dulux, Sikkens, Butanox, Elotex, International, and Interpon. The company has 548 offices and manufacturing sites across the globe in countries including China, India, the US, Germany, Brazil, and the UAE among various others.

Industrial Coatings Market Report Scope

Report Metric

Details

Market Size Value in 2021

USD 102.0 billion

Revenue Forecast in 2026

USD 116.0 billion

CAGR

2.5%

Years Considered for the study

2016-2026

Base year

2020

Forecast period

2021–2026

Units considered

Value (USD) and Volume (kiloton)

Segments

By Technology
By Resin
By End-Use Industry
By Region

Regions covered

Asia Pacific, Europe, North America, Middle East & Africa, South America

Companies profiled

AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), Axalta coating systems, LLC (US), and Nippon Paint (Japan). A total of 25 players have been covered.

This research report categorizes the Industrial Coatings market based on Technology, Resin, End-use Industry, and Region.

By Technology:

  • Waterborne
  • Solventborne
  • Powder Coatings
  • Others (UV- and EB-cured technologies)

By Resin:

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyester
  • Polyurethane
  • Vinyl
  • Fluoropolymer
  • Others (Silicone, amino, polyurea, polyolefin, nitrocellulose, plastisol, polyamide, and vinyl-based coatings)

By End-Use Industry:

  • General Industrial
  • Protective
  • Automotive Refinish
  • Automotive OEM
  • Industrial Wood
  • Marine
  • Coil
  • Packaging
  • Aerospace
  • Rail

By Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In July 2021, AkzoNobel N.V. and Mercedes-Benz extended their partnership agreement for another four years. This means the company will continue to provide vehicle refinish products including the automotive and specialty coatings, and services in China and a preferred partner in Indonesia.
  • In March 2021, AkzoNobel N.V. has invested in Qlayers coating technology which offers a fully automated solution to safer, more consistent, and faster than manual the manual coating processes used now in the industry. By eliminating overspray, it’s sustainable solution that saves cost. This technology is helping the customers in applying the anti-corrosive coating systems and others.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 OBJECTIVES OF STUDY
    1.2 MARKET DEFINITION
           1.2.1 MARKET INCLUSION
           1.2.2 MARKET EXCLUSION
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA
          FIGURE 1 INDUSTRIAL COATINGS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Primary data sources
    2.2 MARKET SIZE ESTIMATION
          FIGURE 2 MARKET ESTIMATION: SUPPLY SIDE
          FIGURE 3 INDUSTRIAL COATINGS MARKET, BY REGION
    2.3 DATA TRIANGULATION
          FIGURE 4 DATA TRIANGULATION
           2.3.1 ASSUMPTIONS
           2.3.2 LIMITATIONS
    2.4 RISK ANALYSIS ASSESSMENT
    2.5 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST

3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 1 INDUSTRIAL COATINGS MARKET SNAPSHOT, 2021 VS. 2026
    FIGURE 5 EPOXY RESIN TO BE LARGEST SEGMENT OF INDUSTRIAL COATINGS MARKET
    FIGURE 6 WATERBORNE TECHNOLOGY TO ACCOUNT FOR SECOND-LARGEST SHARE IN INDUSTRIAL COATINGS MARKET
    FIGURE 7 ASIA PACIFIC TO BE FASTEST-GROWING INDUSTRIAL COATINGS MARKET

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL COATINGS MARKET
          FIGURE 8 EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
    4.2 MARKET, BY RESIN TYPE
          FIGURE 9 ACRYLIC RESIN TO BE LARGEST SEGMENT
    4.3 MARKET, DEVELOPED VS. DEVELOPING COUNTRIES
          FIGURE 10 DEVELOPING COUNTRIES TO GROW FASTER THAN DEVELOPED COUNTRIES
    4.4 MARKET, BY END-USE INDUSTRY AND KEY COUNTRIES
          FIGURE 11 GENERAL INDUSTRIAL SEGMENT AND CHINA ACCOUNTED FOR LARGEST SHARES
    4.5 MARKET, BY MAJOR COUNTRIES
          FIGURE 12 INDIA TO REGISTER HIGHEST CAGR IN GLOBAL MARKET

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 Market Dynamics


          FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL COATINGS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for environment-friendly coatings
                    5.2.1.2 Need for efficient process and durable coatings with better aesthetics
                    5.2.1.3 Growing demand from Asia Pacific
           5.2.2 RESTRAINTS
                    5.2.2.1 Difficulty in obtaining thin films in powder coatings
                    5.2.2.2 Requirement of more drying time for waterborne coatings
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Attractive prospects for powder coatings in shipbuilding and pipeline sectors
                    5.2.3.2 Increasing use of nano-coatings
                    5.2.3.3 Continuous demand for extended product lifetime and reduced maintenance
           5.2.4 CHALLENGES
                    5.2.4.1 Stringent regulatory policies
    5.3 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 14 LOW THREAT OF BACKWARD INTEGRATION FROM BUYERS IN INDUSTRIAL COATINGS MARKET
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 MACRO ECONOMIC INDICATOR ANALYSIS
           5.4.1 INTRODUCTION
           5.4.2 TRENDS AND FORECAST OF GDP
                    TABLE 2 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2019–2026
           5.4.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 15 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035
    5.5 COVID-19 IMPACT
    5.6 COVID-19 ECONOMIC ASSESSMENT
          FIGURE 16 ECONOMIC OUTLOOK FOR MAJOR COUNTRIES
           5.6.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT
                    FIGURE 17 FACTORS THAT IMPACTED ECONOMY OF SELECT G20 COUNTRIES IN 2020
    5.7 IMPACT OF COVID-19 ON END-USE INDUSTRIES
          FIGURE 18 PRE-COVID-19 IMPACT AND POST-COVID-19 IMPACT MARKET SCENARIOS: INDUSTRIAL COATINGS MARKET
           5.7.1 IMPACT ON AUTOMOTIVE INDUSTRY
           5.7.2 IMPACT ON PROTECTIVE AND GENERAL INDUSTRIES
           5.7.3 IMPACT ON PACKAGING INDUSTRY
    5.8 VALUE CHAIN ANALYSIS
          FIGURE 19 INDUSTRIAL COATINGS VALUE CHAIN
          FIGURE 20 IMPACT OF COVID-19 ON VALUE CHAIN NODES
          FIGURE 21 INDUSTRIAL COATINGS VALUE CHAIN: PLAYERS AT EACH NODE
    5.9 PRICING ANALYSIS
          FIGURE 22 AVERAGE PRICE COMPETITIVENESS IN INDUSTRIAL COATINGS MARKET, BY REGION
    5.10 INDUSTRIAL COATINGS ECOSYSTEM AND INTERCONNECTED MARKET
           TABLE 3 MARKET: SUPPLY CHAIN
           FIGURE 23 MARKET: ECOSYSTEM
    5.11 YC AND YCC SHIFT
    5.12 TRADE ANALYSIS
           TABLE 4 COUNTRY-WISE EXPORT DATA, PAINTS AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN AQUEOUS MEDIUM, 2020
           TABLE 5 COUNTRY-WISE EXPORT DATA, PAINTS AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN NON- AQUEOUS MEDIUM, 2020
           TABLE 6 COUNTRY-WISE IMPORT DATA, PAINTS AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN AQUEOUS MEDIUM, 2020
           TABLE 7 COUNTRY-WISE IMPORT DATA, PAINTS AND VARNISHES BASED ON SYNTHETIC OR CHEMICALLY MODIFIED POLYMERS DISPERSED AND DISSOLVED IN NON-AQUEOUS MEDIUM, 2020
    5.13 REGULATIONS
           5.13.1 COATINGS STANDARD
           TABLE 8 BASIC COATING SYSTEM REQUIREMENTS FOR DEDICATED SEAWATER BALLAST TANKS OF ALL TYPES OF SHIPS AND DOUBLE-SIDE SKIN SPACES OF BULK CARRIERS OF 150 M AND UPWARDS:
    5.14 PATENT ANALYSIS
           5.14.1 METHODOLOGY
           5.14.2 PUBLICATION TRENDS
                     FIGURE 24 NUMBER OF PATENTS PUBLISHED, 2016–2022
           5.14.3 TOP JURISDICTION
                     FIGURE 25 PATENTS PUBLISHED BY JURISDICTIONS, 2016–2022
           5.14.4 TOP APPLICANTS
                     FIGURE 26 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2016–2022
                     TABLE 9 RECENT PATENTS BY OWNERS
    5.15 CASE STUDY ANALYSIS
    5.16 TECHNOLOGY ANALYSIS
    5.17 KEY CONFERENCES & EVENTS IN 2022-2023
           TABLE 10 INDUSTRIAL COATINGS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
           5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

6 INDUSTRIAL COATINGS MARKET, BY RESIN TYPE (Page No. - 93)
    6.1 INTRODUCTION
          FIGURE 27 EPOXY TO BE LARGEST RESIN TYPE FOR INDUSTRIAL COATINGS
          TABLE 15 MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 16 MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION)
          TABLE 17 MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 18 MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON)
           6.1.1 DISRUPTION DUE TO COVID-19
    6.2 POLYURETHANE
           6.2.1 HIGH-PERFORMANCE APPLICATION BOOSTING DEMAND FOR POLYURETHANE RESINS
                    TABLE 19 POLYURETHANE-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 20 POLYURETHANE-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 21 POLYURETHANE-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 22 POLYURETHANE-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.3 EPOXY
           6.3.1 GOOD DIMENSIONAL STABILITY, ALONG WITH EXCELLENT ELECTRICAL CONDUCTIVITY, PROPELLING MARKET
                    TABLE 23 EPOXY-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 24 EPOXY-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 25 EPOXY-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 26 EPOXY-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.4 ACRYLIC
           6.4.1 OUTSTANDING PHYSICAL PROPERTIES TO DRIVE DEMAND FOR ACRYLIC RESINS
                    TABLE 27 ACRYLIC-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 28 ACRYLIC-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 29 ACRYLIC-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 30 ACRYLIC-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.5 POLYESTER
           6.5.1 EASE OF HANDLING AND LOW COST OF POLYESTER RESINS DRIVING THEIR DEMAND
                    TABLE 31 POLYESTER-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 32 POLYESTER-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 33 POLYESTER-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 34 POLYESTER-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.6 ALKYD
           6.6.1 HIGH DURABILITY AND GOOD DRYING CHARACTERISTICS CONTRIBUTING TO GROWTH OF ALKYD RESINS
                    TABLE 35 ALKYD-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 36 ALKYD-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 37 ALKYD-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 38 ALKYD-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.7 FLUOROPOLYMER
           6.7.1 EXCELLENT NON-STICK, REDUCED FRICTION, AND CORROSION RESISTANCE PROPERTIES FUELING DEMAND FOR FLUOROPOLYMER RESINS
                    TABLE 39 FLUOROPOLYMER-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 40 FLUOROPOLYMER-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 41 FLUOROPOLYMER-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 42 FLUOROPOLYMER-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.8 OTHERS
          TABLE 43 OTHER RESINS-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 44 OTHER RESINS-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
          TABLE 45 OTHER RESINS-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 46 OTHER RESINS-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)

7 INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY (Page No. - 110)
    7.1 INTRODUCTION
          FIGURE 28 SOLVENTBORNE TECHNOLOGY TO LEAD INDUSTRIAL COATINGS MARKET BETWEEN 2021 AND 2026
          TABLE 47 MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 48 MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
          TABLE 49 MARKET SIZE, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 50 MARKET SIZE, BY TECHNOLOGY, 2021–2026 (KILOTON)
    7.2 SOLVENTBORNE
           7.2.1 OUTSTANDING PHYSICAL PROPERTIES TO DRIVE DEMAND FOR SOLVENTBORNE TECHNOLOGY
                    TABLE 51 SOLVENTBORNE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 52 SOLVENTBORNE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 53 SOLVENTBORNE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 54 SOLVENTBORNE MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.3 WATERBORNE
           7.3.1 LOW TOXICITY AND FLAMMABILITY DUE TO LOW VOC LEVELS INCREASING DEMAND FOR WATERBORNE INDUSTRIAL COATINGS
                    TABLE 55 WATERBORNE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 56 WATERBORNE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 57 WATERBORNE MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 58 WATERBORNE MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.4 POWDER
           7.4.1 SUPERIOR PERFORMANCE AND EXCELLENT PROPERTIES OF POWDER COATING TECHNOLOGY DRIVING ITS DEMAND
                    TABLE 59 POWDER-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 60 POWDER-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 61 POWDER-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 62 POWDER-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    7.5 OTHERS
          TABLE 63 OTHER TECHNOLOGIES-BASED MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 64 OTHER TECHNOLOGIES-BASED MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
          TABLE 65 OTHER TECHNOLOGIES-BASED MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 66 OTHER TECHNOLOGIES-BASED MARKET SIZE, BY REGION, 2021–2026 (KILOTON)

8 INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY (Page No. - 120)
    8.1 INTRODUCTION
          TABLE 67 INDUSTRIAL COATINGS: END-USE INDUSTRY AND APPLICATION
          FIGURE 29 GENERAL INDUSTRIAL TO BE LARGEST END-USE INDUSTRY OF INDUSTRIAL COATINGS
          TABLE 68 MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 69 MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
          TABLE 70 MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 71 MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           8.1.1 DISRUPTION DUE TO COVID-19
    8.2 GENERAL INDUSTRIAL
           8.2.1 USE OF A WIDE RANGE OF POWDER-COATED INDUSTRIAL EQUIPMENT TO FUEL MARKET
                    TABLE 72 MARKET SIZE IN GENERAL INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 73 MARKET SIZE IN GENERAL INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 74 MARKET SIZE IN GENERAL INDUSTRIAL, BY REGION, 2017–2020 (KILOTON)
                    TABLE 75 MARKET SIZE IN GENERAL INDUSTRIAL, BY REGION, 2021–2026 (KILOTON)
    8.3 PROTECTIVE
           8.3.1 ASIA PACIFIC EMERGING AS A STRATEGIC LOCATION FOR PROTECTIVE COATING MANUFACTURERS
                    FIGURE 30 OIL & GAS INDUSTRY WITNESSED HIGH DEMAND FOR HIGH-PERFORMANCE PROTECTIVE COATINGS IN 2021
                    TABLE 76 MARKET SIZE IN PROTECTIVE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 77 MARKET SIZE IN PROTECTIVE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 78 MARKET SIZE IN PROTECTIVE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON)
                    TABLE 79 MARKET SIZE IN PROTECTIVE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON)
    8.4 AUTOMOTIVE OEM
           8.4.1 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE INDUSTRIAL COATINGS MARKET
                    FIGURE 31 AUTOMOBILE PRODUCTION SHARE FOR TOP 5 COUNTRIES, 2021
                    TABLE 80 MARKET SIZE IN AUTOMOTIVE OEM, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 81 MARKET SIZE IN AUTOMOTIVE OEM, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 82 MARKET SIZE IN AUTOMOTIVE OEM, BY REGION, 2017–2020 (KILOTON)
                    TABLE 83 MARKET SIZE IN AUTOMOTIVE OEM, BY REGION, 2021–2026 (KILOTON)
    8.5 INDUSTRIAL WOOD
           8.5.1 INCREASING CONSTRUCTION AND INFRASTRUCTURAL ACTIVITIES TO DRIVE INDUSTRIAL WOOD COATINGS DEMAND
                    TABLE 84 MARKET SIZE IN INDUSTRIAL WOOD, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 85 MARKET SIZE IN INDUSTRIAL WOOD, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 86 MARKET SIZE IN INDUSTRIAL WOOD, BY REGION, 2017–2020 (KILOTON)
                    TABLE 87 MARKET SIZE IN INDUSTRIAL WOOD, BY REGION, 2021–2026 (KILOTON)
    8.6 AUTOMOTIVE REFINISH
           8.6.1 INCREASE IN VEHICLE USAGE, ALONG WITH INCREASING NUMBER OF ACCIDENTS, PROPELLING DEMAND FOR AUTOMOTIVE REFINISH COATINGS
                    TABLE 88 KEY PLAYERS IN AUTOMOTIVE REFINISH COATINGS MARKET
                    TABLE 89 MARKET SIZE IN AUTOMOTIVE REFINISH, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 90 MARKET SIZE IN AUTOMOTIVE REFINISH, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 91 MARKET SIZE IN AUTOMOTIVE REFINISH, BY REGION, 2017–2020 (KILOTON)
                    TABLE 92 MARKET SIZE IN AUTOMOTIVE REFINISH, BY REGION, 2021–2026 (KILOTON)
    8.7 COIL
           8.7.1 DURABILITY AND COST-BENEFIT PROPERTIES TO DRIVE DEMAND FOR COIL COATINGS
                    TABLE 93 MARKET SIZE IN COIL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 94 MARKET SIZE IN COIL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 95 MARKET SIZE IN COIL, BY REGION, 2017–2020 (KILOTON)
                    TABLE 96 MARKET SIZE IN COIL, BY REGION, 2021–2026 (KILOTON)
    8.8 PACKAGING
           8.8.1 IMPROVED LIFESTYLE AND CHANGING FOOD HABITS FUELING DEMAND FOR PACKAGING COATINGS
                    TABLE 97 MARKET SIZE IN PACKAGING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 98 MARKET SIZE IN PACKAGING, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 99 MARKET SIZE IN PACKAGING, BY REGION, 2017–2020 (KILOTON)
                    TABLE 100 MARKET SIZE IN PACKAGING, BY REGION, 2021–2026 (KILOTON)
    8.9 MARINE
           8.9.1 SLOW GROWTH OF SHIPBUILDING SECTOR HAMPERING DEMAND FOR MARINE COATINGS
                    FIGURE 32 MARINE COATINGS MARKET SHARE, 2020
                    FIGURE 33 WORLD FLEET BY PRINCIPAL VESSEL TYPE, SHARE OF TONNAGE (DEAD-WEIGHT TONS), 2021
                    TABLE 101 MARKET SIZE IN MARINE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 102 MARKET SIZE IN MARINE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 103 MARKET SIZE IN MARINE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 104 MARKET SIZE IN MARINE, BY REGION, 2021–2026 (KILOTON)
    8.10 AEROSPACE
           8.10.1 DEVELOPMENT OF CHROME-FREE COATING TECHNOLOGY AUGMENTING MARKET GROWTH
                    TABLE 105 MARKET SIZE IN AEROSPACE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 106 MARKET SIZE IN AEROSPACE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 107 MARKET SIZE IN AEROSPACE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 108 MARKET SIZE IN AEROSPACE, BY REGION, 2021–2026 (KILOTON)
    8.11 RAIL
           8.11.1 ADVANCEMENT IN HIGH-SPEED TRAIN INDUSTRY BOOSTING RAIL COATINGS MARKET
                    TABLE 109 MARKET SIZE IN RAIL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 110 MARKET SIZE IN RAIL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 111 MARKET SIZE IN RAIL, BY REGION, 2017–2020 (KILOTON)
                    TABLE 112 MARKET SIZE IN RAIL, BY REGION, 2021–2026 (KILOTON)

9 INDUSTRIAL COATINGS MARKET, BY REGION (Page No. - 145)
    9.1 INTRODUCTION
          FIGURE 34 ASIA PACIFIC TO BE FASTEST-GROWING INDUSTRIAL COATINGS MARKET
          TABLE 113 MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 114 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
          TABLE 115 MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 116 MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
           9.1.1 DISRUPTION DUE TO COVID-19
    9.2 ASIA PACIFIC
          FIGURE 35 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET SNAPSHOT
          TABLE 117 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 118 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 119 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
          TABLE 120 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 121 ASIA PACIFIC: MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 122 ASIA PACIFIC: MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION)
          TABLE 123 ASIA PACIFIC: MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 124 ASIA PACIFIC: MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON)
          TABLE 125 ASIA PACIFIC: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 126 ASIA PACIFIC: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
          TABLE 127 ASIA PACIFIC: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 128 ASIA PACIFIC: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 129 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 130 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
          TABLE 131 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 132 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (KILOTON)
           9.2.1 IMPACT OF COVID-19 ON ASIA PACIFIC
           9.2.2 CHINA
                    9.2.2.1 High demand from furniture, appliance, and automotive industries to drive market
           9.2.3 JAPAN
                    9.2.3.1 High production of vehicles to spur demand for industrial coatings
           9.2.4 INDIA
                    9.2.4.1 Rapidly growing furniture industry to fuel market growth
           9.2.5 THAILAND
                    9.2.5.1 Automotive industry contributing significantly to industrial coatings market growth
           9.2.6 INDONESIA
                    9.2.6.1 Increasing penetration of Japanese carmakers to benefit industrial coatings market
           9.2.7 REST OF ASIA PACIFIC
    9.3 EUROPE
          FIGURE 36 EUROPE: INDUSTRIAL COATINGS MARKET SNAPSHOT
          TABLE 133 EUROPE: MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 134 EUROPE: MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION)
          TABLE 135 EUROPE: MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 136 EUROPE: MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON)
          TABLE 137 EUROPE: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 138 EUROPE: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
          TABLE 139 EUROPE: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 140 EUROPE: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (KILOTON)
          TABLE 141 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 142 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
          TABLE 143 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 144 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 145 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 146 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 147 EUROPE: MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
          TABLE 148 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 149 INFRASTRUCTURE PROJECTS IN EUROPE
           9.3.1 IMPACT OF COVID-19 ON EUROPE
           9.3.2 GERMANY
                    9.3.2.1 Increasing focus on appliances industry driving market
           9.3.3 RUSSIA
                    9.3.3.1 Crisis with Ukraine likely to impact market
           9.3.4 ITALY
                    9.3.4.1 Increasing foreign demand for furniture to fuel growth of industrial coatings market
           9.3.5 TURKEY
                    9.3.5.1 Rapid urbanization and diversification of consumer goods positively impacting market growth
           9.3.6 FRANCE
                    9.3.6.1 Adoption of innovative technologies to drive demand for industrial coatings
           9.3.7 UK
                    9.3.7.1 Economic growth, increase in consumer spending, and rising competition boosting demand
           9.3.8 SPAIN
                    9.3.8.1 Government’s investment for improving transport and agriculture infrastructure to drive industrial coatings market
           9.3.9 REST OF EUROPE
    9.4 NORTH AMERICA
          FIGURE 37 NORTH AMERICA: INDUSTRIAL COATINGS MARKET SNAPSHOT
          TABLE 150 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 151 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION)
          TABLE 152 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 153 NORTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON)
          TABLE 154 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 155 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
          TABLE 156 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 157 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (KILOTON)
          TABLE 158 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 159 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
          TABLE 160 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 161 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 162 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 163 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 164 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
          TABLE 165 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           9.4.1 IMPACT OF COVID-19 ON NORTH AMERICA
           9.4.2 US
                    9.4.2.1 Presence of major manufacturers fueling growth of industrial coatings market
           9.4.3 MEXICO
                    9.4.3.1 High export of electronic products to boost market
           9.4.4 CANADA
                    9.4.4.1 High export of furniture boosting demand for industrial coatings
    9.5 MIDDLE EAST & AFRICA
          TABLE 166 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 167 MIDDLE EAST & AFRICA: MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION)
          TABLE 168 MIDDLE EAST & AFRICA: MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 169 MIDDLE EAST & AFRICA: MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON)
          TABLE 170 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 171 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
          TABLE 172 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 173 MIDDLE EAST & AFRICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (KILOTON)
          TABLE 174 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 175 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
          TABLE 176 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 177 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 178 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2017–2020(USD MILLION)
          TABLE 179 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 180 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2017–2020(KILOTON)
          TABLE 181 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           9.5.1 IMPACT OF COVID-19 ON THE MIDDLE EAST & AFRICA
           9.5.2 SAUDI ARABIA
                    9.5.2.1 Increasing population and urbanization fueling industrial coatings market
           9.5.3 SOUTH AFRICA
                    9.5.3.1 Surge in demand for industrial coated products to drive market
           9.5.4 EGYPT
                    9.5.4.1 New business and residential projects under construction to drive demand for industrial coatings
           9.5.5 REST OF THE MIDDLE EAST & AFRICA
    9.6 SOUTH AMERICA
          TABLE 182 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET SIZE, BY RESIN TYPE, 2017–2020 (USD MILLION)
          TABLE 183 SOUTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2021–2026 (USD MILLION)
          TABLE 184 SOUTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2017–2020 (KILOTON)
          TABLE 185 SOUTH AMERICA: MARKET SIZE, BY RESIN TYPE, 2021–2026 (KILOTON)
          TABLE 186 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 187 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
          TABLE 188 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2017–2020 (KILOTON)
          TABLE 189 SOUTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (KILOTON)
          TABLE 190 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 191 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
          TABLE 192 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 193 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 194 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 195 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 196 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2017–2020(KILOTON)
          TABLE 197 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           9.6.1 IMPACT OF COVID-19 ON SOUTH AMERICA
           9.6.2 BRAZIL
                    9.6.2.1 Easy availability of raw materials to propel industrial coatings market
           9.6.3 ARGENTINA
                    9.6.3.1 Increase in population and improved economic conditions to drive demand for industrial coatings
           9.6.4 REST OF SOUTH AMERICA

10 COMPETITIVE LANDSCAPE (Page No. - 199)
     10.1 INTRODUCTION
             TABLE 198 OVERVIEW OF STRATEGIES ADOPTED BY KEY INDUSTRIAL COATING PLAYERS (2016-2021)
     10.2 COMPANY EVALUATION QUADRANT MATRIX: DEFINITIONS AND METHODOLOGY, 2020
             10.2.1 STARS
             10.2.2 EMERGING LEADERS
             10.2.3 EMERGING COMPANIES
             10.2.4 PERVASIVE
                        FIGURE 38 INDUSTRIAL COATINGS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
     10.3 STRENGTH OF PRODUCT PORTFOLIO
             FIGURE 39 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN INDUSTRIAL COATINGS MARKET
     10.4 SME MATRIX, 2020
             10.4.1 RESPONSIVE COMPANIES
             10.4.2 PROGRESSIVE COMPANIES
             10.4.3 STARTING BLOCKS
             10.4.4 DYNAMIC COMPANIES
                       FIGURE 40 INDUSTRIAL COATINGS MARKET: EMERGING COMPANIES’ COMPETITIVE LEADERSHIP MAPPING, 2020
                        10.4.4.1 Competitive benchmarking
                                     TABLE 199 MARKET: DETAILED LIST OF KEY STARTUP/SMES
                                     TABLE 200 MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
     10.5 COMPANY EVALUATION MATRIX: INDUSTRIAL COATINGS
     10.6 INDUSTRIAL COATINGS MARKET SHARE ANALYSIS
             FIGURE 41 MARKET SHARE ANALYSIS, 2020
             TABLE 201 MARKET SHARE, BY DEGREE OF COMPETITION, 2020
     10.7 REVENUE ANALYSIS
            FIGURE 42 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2016–2020
             10.7.1 SHERWIN-WILLIAMS
             10.7.2 PPG INDUSTRIES
             10.7.3 AKZONOBEL
             10.7.4 NIPPON PAINT
             10.7.5 AXALTA COATING SYSTEMS
     10.8 COMPETITIVE SITUATION AND TRENDS
             TABLE 202 MARKET: PRODUCT LAUNCHES, 2016-2021
             TABLE 203 MARKET: DEALS, 2016-2021
             TABLE 204 MARKET: OTHERS, 2016-2021

11 COMPANY PROFILES (Page No. - 230)
     11.1 MAJOR PLAYERS
(Business Overview, Products Offered,

Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
             11.1.1 AKZO NOBEL N.V.
                        TABLE 205 AKZO NOBEL N.V.: COMPANY OVERVIEW
                        FIGURE 43 AKZO NOBEL N.V.: COMPANY SNAPSHOT
                        TABLE 206 AKZO NOBEL N.V.: PRODUCT LAUNCHES
                        TABLE 207 AKZONOBEL N.V.: DEALS
                        TABLE 208 AKZO NOBEL N.V.: OTHERS
             11.1.2 AXALTA COATING SYSTEMS, LLC
                        TABLE 209 AXALTA COATING SYSTEMS LLC.: COMPANY OVERVIEW
                        FIGURE 44 AXALTA COATING SYSTEMS, LLC: COMPANY SNAPSHOT
                        TABLE 210 AXALTA COATING SYSTEMS LLC.: PRODUCT LAUNCHES
                        TABLE 211 AXALTA COATING SYSTEMS LLC : DEALS
                        TABLE 212 AXALTA COATING SYSTEMS LLC: OTHERS
             11.1.3 JOTUN A/S
                        TABLE 213 JOTUN A/S: COMPANY OVERVIEW
                        FIGURE 45 JOTUN A/S: COMPANY SNAPSHOT
                        TABLE 214 JOTUN A/S: PRODUCT LAUNCHES
                        TABLE 215 JOTUN A/S: DEALS
                        TABLE 216 JOTUN A/S: OTHERS
             11.1.4 PPG INDUSTRIES INC.
                        TABLE 217 PPG INDUSTRIES, INC.: COMPANY OVERVIEW
                        FIGURE 46 PPG INDUSTRIES INC.: COMPANY SNAPSHOT
                        TABLE 218 PPG INDUSTRIES: PRODUCT LAUNCHES
                        TABLE 219 PPG INDUSTRIES: DEALS
                        TABLE 220 PPG INDUSTRIES: OTHERS
             11.1.5 THE SHERWIN-WILLIAMS COMPANY
                        TABLE 221 THE SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW
                        FIGURE 47 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT
                        TABLE 222 THE SHERWIN-WILLIAMS COMPANY: PRODUCT LAUNCHES
                        TABLE 223 THE SHERWIN-WILLIAMS COMPANY: DEALS
                        TABLE 224 THE SHERWIN-WILLIAMS COMPANY: OTHERS
             11.1.6 NIPPON PAINT HOLDINGS CO., LTD.
                        TABLE 225 NIPPON PAINTS HOLDINGS CO., LTD.: COMPANY OVERVIEW
                        FIGURE 48 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 226 NIPPON PAINT HOLDINGS CO., LTD.: PRODUCT LAUNCHES
                        TABLE 227 NIPPON PAINTS HOLDINGS CO., LTD.: DEALS
                        TABLE 228 NIPPON PAINTS HOLDINGS CO., LTD.: OTHERS
             11.1.7 KANSAI PAINT CO., LTD.
                        TABLE 229 KANSAI PAINT COMPANY LIMITED: COMPANY OVERVIEW
                        FIGURE 49 KANSAI PAINT CO., LTD.: COMPANY SNAPSHOT
                        TABLE 230 KANSAI PAINTS CO., LTD.: DEALS
             11.1.8 RPM INTERNATIONAL INC.
                        TABLE 231 RPM INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 50 RPM INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 232 RPM INTERNATIONAL INC.: DEALS
                        TABLE 233 RPM INTERNATIONAL INC.: OTHERS
             11.1.9 HEMPEL A/S
                        TABLE 234 HEMPEL A/S.: COMPANY OVERVIEW
                        FIGURE 51 HEMPEL A/S: COMPANY SNAPSHOT
                        TABLE 235 HEMPEL A/S: PRODUCT LAUNCHES
                        TABLE 236 HEMPEL A/S: DEALS
                        TABLE 237 HEMPEL A/S: OTHERS
             11.1.10 BASF COATINGS GMBH
                        TABLE 238 BASF COATINGS GMBH: COMPANY OVERVIEW
                        FIGURE 52 BASF COATINGS GMBH: COMPANY SNAPSHOT
                        TABLE 239 BASF COATINGS GMBH: DEAL
             11.1.11 ASIAN PAINTS LIMITED
                        TABLE 240 ASIAN PAINTS LIMITED: COMPANY OVERVIEW
                        FIGURE 53 ASIAN PAINTS LIMITED: COMPANY SNAPSHOT
                        TABLE 241 ASIAN PAINTS LIMITED: DEALS
                        TABLE 242 ASIAN PAINTS LIMITED: OTHERS
*Details on Business Overview, Products Offered,
Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies
     11.2 OTHER KEY PLAYERS
             11.2.1 TEKNOS GROUP
                        11.2.1.1 Teknos Group: Company Overview
                        11.2.1.2 Products Offered
             11.2.2 NOROO PAINT & COATINGS
                        11.2.2.1 Noroo Paint & Coatings: Company Overview
                        11.2.2.2 Products Offered
             11.2.3 WEILBURGER COATINGS
                        11.2.3.1 WEILBURGER COATINGS: Company Overview
                        11.2.3.2 Products Offered
             11.2.4 THE CHEMOURS COMPANY
                        11.2.4.1 The Chemours Company: Company Overview
                        11.2.4.2 Products Offered
             11.2.5 BECKERS GROUP
                        11.2.5.1 Beckers Group: Company Overview
                        11.2.5.2 Products Offered
                        11.2.5.3
Recent Developments
                                      TABLE 243 BECKERS GROUP: OTHERS
             11.2.6 TIGER COATINGS GMBH & CO. KG
                        11.2.6.1 Tiger Coatings GMBH & CO. KG: Company Overview
                        11.2.6.2 Products Offered
             11.2.7 DIAMOND VOGEL PAINT COMPANY
                        11.2.7.1 Diamond Vogel Paint Company: Company Overview
                        11.2.7.2 Products Offered
             11.2.8 IGP PULVERTECHNIK AG
                        11.2.8.1 IGP PULVERTECHNIK AG: Company Overview
                        11.2.8.2 Products Offered
                        11.2.8.3
Recent Developments
                                      TABLE 244 IGP PULVERTECHNIK AG.: DEALS
                                      TABLE 245 IGP PULVERTECHNIK AG.: OTHERS
             11.2.9 ANHUI MEIJIA NEW MATERIAL CO., LTD
                        11.2.9.1 ANHUI MEIJIA NEW MATERIAL CO., LTD: Company Overview
                        11.2.9.2 Products Offered

12 ADJACENT/RELATED MARKETS (Page No. - 288)
     12.1 INTRODUCTION
     12.2 LIMITATION
     12.3 PAINTS & COATINGS ECOSYSTEM AND INTERCONNECTED MARKET
     12.4 COATING RESINS
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
             12.4.3 COATING RESINS MARKET, BY RESIN TYPE
                        TABLE 246 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
                        TABLE 247 COATING RESINS MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
                        12.4.3.1 Acrylic
                        12.4.3.2 Alkyd
                        12.4.3.3 Vinyl
                        12.4.3.4 Polyurethane
                        12.4.3.5 Epoxy
                        12.4.3.6 Unsaturated Polyester
                        12.4.3.7 Saturated Polyester
                        12.4.3.8 Amino
                        12.4.3.9 Others
             12.4.4 COATING RESINS MARKET, BY TECHNOLOGY
                        TABLE 248 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
                        TABLE 249 COATING RESINS MARKET SIZE, BY TECHNOLOGY, 2018–2025 (KILOTON)
                        12.4.4.1 Water-based Coatings
                        12.4.4.2 Solvent-based Coatings
                                      TABLE 250 TRADITIONAL FORMULATION OF SOLVENTS USED FOR EACH RESIN TYPE
                        12.4.4.3 Powder Coatings
                        12.4.4.4 Others
                                     12.4.4.4.1 High Solids Coatings
                                     12.4.4.4.2 Radiation curable coatings
             12.4.5 COATING RESINS MARKET, BY APPLICATION
                        TABLE 251 COATING RESINS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        TABLE 252 COATING RESINS MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
                        TABLE 253 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        TABLE 254 ARCHITECTURAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
                        TABLE 255 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        TABLE 256 INDUSTRIAL COATING RESINS MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
                        12.4.5.1 Architectural Coatings
                        12.4.5.2 Marine & Protective Coatings
                        12.4.5.3 General Industrial Coatings
                        12.4.5.4 Automotive Coatings
                        12.4.5.5 Wood Coatings
                        12.4.5.6 Packaging Coatings
                        12.4.5.7 Others
                                     12.4.5.7.1 Coil Coatings
                                     12.4.5.7.2 Aerospace Coatings
                                     12.4.5.7.3 Graphic Arts
             12.4.6 COATING RESINS MARKET, BY REGION
                        TABLE 257 COATING RESINS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                        TABLE 258 COATING RESINS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
                        12.4.6.1 Asia Pacific
                        12.4.6.2 Europe
                        12.4.6.3 North America
                        12.4.6.4 Middle East & Africa
                        12.4.6.5 South America

13 APPENDIX (Page No. - 302)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
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The study involves four major activities in estimating the current market size of Industrial Coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and sub-segments of the overall market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to for identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The Industrial Coatings market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in end-use industries, i.e., General Industrial, Protective, Automotive, Refinish, Automotive OEM, Industrial Wood, Marine, Coil, Packaging, Aerospaceand Rail. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Industrial Coatings Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the Industrial Coatings market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Industrial Coatings Market Size: Bottom-Up Approach

Industrial Coatings Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the global Industrial Coatings market, in terms of value and volume
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To define, describe, and forecast the market based on resin, technology, end-use industry, and region
  • To forecast the market size with respect to five main regions, namely North America, Europe, Asia Pacific, South America, and the Middle East & Africa
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and draw a competitive landscape for the market leaders
  • To analyze competitive developments in the market, such as mergers, acquisitions, new product launches, investments, and expansions
  • To strategically profile the key players and comprehensively analyze their core competencies2

Note: 1. Micromarkets are defined as the sub-segments of the Industrial Coatings market included in the report.

Note 2: Core competencies of the companies are captured in terms of their key developments and key strategies adopted to sustain their position in the market.

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Industrial Coatings market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 1208
Published ON
Apr, 2022
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