HOME Top Market Reports Industrial Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water, Solvent, High Solids, Powder), End-use Industry (Automotive, Aerospace, Marine, Wood, Packaging, Protective), and Region - Global Forecasts to 2022

Industrial Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water, Solvent, High Solids, Powder), End-use Industry (Automotive, Aerospace, Marine, Wood, Packaging, Protective), and Region - Global Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: CH 1208

 

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The industrial coatings market is projected to grow from USD 98.30 Billion in 2017 to USD 130.97 Billion by 2022, at a CAGR of 5.91% during the forecast period. In this study, 2016 has been considered as the base year to estimate the size of the industrial coatings market. The report provides the market forecast from 2017 to 2022.

The objectives of this study are:

  • To analyze and forecast the size of the industrial coatings market, in terms of both value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the market on the basis of resin type, technology, and application
  • To analyze and forecast the industrial coatings market on the basis of key regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • To analyze the opportunities in the market for stakeholders and provide competitive landscape of the market
  • To analyze competitive developments, such as expansions, new product launches, and mergers & acquisitions in the industrial coatings market
  • To strategically profile key players and comprehensively analyze their market share and core competencies

This research study involves extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the industrial coatings market. The primary sources mainly include several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

Industrial Coatings Market

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

Some of the leading manufacturers of industrial coatings include AkzoNobel N.V. (Netherlands), PPG Industries Inc. (US), Axalta Coatings Systems (US), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd (Japan), Jotun A/S (Norway), RPM International (US), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan), among others.

Key Target Audience:

  • Manufacturers of Industrial coatings
  • Raw Material Suppliers
  • Manufacturers of Resins and Other Feedstock Chemicals
  • Manufacturers of Important Intermediate Chemicals
  • Government Agencies or Organizations
  • Research Institutions and Organizations
  • End-use Industries (Automotive, Industrial Wood, Coil, Marine, General Industrial, Protective, Rail, Aerospace, Transportation, Packaging)
  • Traders, Distributors, and Suppliers of Industrial coatings
  • Regional Chemical Manufacturers’ Associations

Scope of the Report:

This research report categorizes the industrial coatings market based on resin type, technology, end-use industry, and region.

Industrial Coatings Market, By Resin:

  • Polyurethanes
  • Acrylic
  • Polyesters
  • Epoxy
  • Fluoropolymer
  • Alkyd
  • Others

Industrial Coatings Market, By Technology:

  • Water-based
  • Solvent-based
  • High Solids
  • Powder
  • Others

Industrial Coatings Market, By End-use Industry:

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

Industrial Coatings Market, By Region:

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

The market is further analyzed for key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to specific needs of the companies. The following customization options are available for the report:

Regional Analysis:

  • Regional analysis of the industrial coatings market, by end-use industry

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
           1.3.1 Year Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           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
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Significant Market Opportunities
    4.2 Industrial Coatings Market, By Technology
    4.3 Industrial Coatings Market: Developed vs Developing Nations
    4.4 Asia-Pacific: Industrial Coatings Market, By Technology and Country
    4.5 Industrial Coatings Market Attractiveness

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Eco-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 Region
           5.2.2 Restraints
                    5.2.2.1 Difficulty in Obtaining Thin Films in Powder Coating
                    5.2.2.2 Requirement of More Drying Time for Water-Based Coatings
           5.2.3 Opportunities
                    5.2.3.1 Attractive Prospects for Powder Coatings in Shipbuilding and Pipeline Industries
                    5.2.3.2 Increasing Use of Nano-Coatings
           5.2.4 Challenges
                    5.2.4.1 Stringent Regulatory Policies
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry

6 Industrial Coatings Market, By Resin Type (Page No. - 45)
    6.1 Introduction
    6.2 Acrylic
    6.3 Epoxy Resin
    6.4 Alkyd
    6.5 Polyurethane
    6.6 Polyester
    6.7 Fluoropolymer
    6.8 Others

7 Industrial Coatings Market Analysis, By Technology (Page No. - 56)
    7.1 Introduction
    7.2 Water-Based Technology
    7.3 Solvent-Based Technology
    7.4 High Solids
    7.5 Powder Coating
    7.6 Others

8 Industrial Coatings Market, By End-Use Industry (Page No. - 65)
    8.1 Introduction
    8.2 General Industrial
    8.3 Automotive OEM
    8.4 Automotive Refinish
    8.5 Industrial Wood
    8.6 Marine
    8.7 Protective
    8.8 Coil
    8.9 Packaging
    8.10 Rail
    8.11 Transportation
    8.12 Aerospace
    8.13 Others

9 Industrial Coatings Market, By Region (Page No. - 81)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Indonesia
           9.2.6 Thailand
           9.2.7 Vietnam
           9.2.8 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 Russia
           9.3.3 France
           9.3.4 U.K.
           9.3.5 Italy
           9.3.6 Turkey
           9.3.7 Spain
           9.3.8 Rest of Europe
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 Iran
           9.5.3 South Africa
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 143)
     10.1 Introduction
             10.1.1 Vanguard
             10.1.2 Innovator
             10.1.3 Dynamic
             10.1.4 Emerging
     10.2 Competitive Benchmarking
             10.2.1 Product Offerings Scorecard
             10.2.2 Business Strategy Scorecard
     10.3 Market Share Analysis

11 Company Profiles (Page No. - 148)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Akzonobel N.V.
     11.2 PPG Industries Inc
     11.3 The Sherwin-Williams Company
     11.4 Axalta Coating Systems
     11.5 Jotun A/S
     11.6 Nippon Paint Holdings Co., Ltd.
     11.7 Kansai Paints Co., Ltd.
     11.8 RPM International Inc.
     11.9 Valspar Corporation
     11.10 Tikkurila OYJ
     11.11 Hempel A/S
     11.12 BASF Coatings GmbH

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 177)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (150 Tables)

Table 1 Industrial Coatings Market Snapshot (2017 vs 2022)
Table 2 Industrial Coatings Market, By Resin Type, 2015–2022 (Kiloton)
Table 3 Industrial Coatings Market, By Resin Type, 2015–2022 (USD Million)
Table 4 Acrylic Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 5 Acrylic Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 6 Epoxy Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 7 Epoxy Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 8 Alkyd Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 9 Alkyd Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 10 Polyurethane Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 11 Polyurethane Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 12 Polyester Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 13 Polyester Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 14 Fluoropolymer Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 15 Fluoropolymer Resin-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 16 Other Resins-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 17 Other Resins-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 18 Industrial Coatings Market Size, By Technology, 2015–2022 (Kiloton)
Table 19 Industrial Coatings Market Size, By Technology, 2015–2022 (USD Million)
Table 20 Water-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 21 Water-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 22 Solvent-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 23 Solvent-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 24 High Solids Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 25 High Solids Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 26 Powder-Based Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 27 Powder-Based Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 28 Other Technology Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 29 Other Technology Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 30 Industrial Coatings Market Size, By End-Use Industry 2015–2022 (Kiloton)
Table 31 Industrial Coatings Market Size, By End-Use Industry 2015–2022 (USD Million)
Table 32 Industrial Coatings Market Size in General Industrial, By Region, 2015–2022 (Kiloton)
Table 33 Industrial Coatings Market Size in General Industrial, By Region, 2015–2022 (USD Million)
Table 34 Industrial Coatings Market Size in Automotive OEM, By Region, 2015–2022 (Kiloton)
Table 35 Industrial Coatings Market Size in Automotive OEM, By Region, 2015–2022 (USD Million)
Table 36 Industrial Coatings Market Size in Automotive Refinish, By Region, 2015–2022 (Kiloton)
Table 37 Industrial Coatings Market Size in Automotive Refinish, By Region, 2015–2022 (USD Million)
Table 38 Industrial Coatings Market Size in Industrial Wood, By Region, 2015–2022 (Kiloton)
Table 39 Industrial Coatings Market Size in Industrial Wood, By Region, 2015–2022 (USD Million)
Table 40 Industrial Coatings Market Size in Marine, By Region, 2015–2022 (Kiloton)
Table 41 Industrial Coatings Market Size in Marine, By Region, 2015–2022 (USD Million)
Table 42 Industrial Coatings Market Size in Protective, By Region, 2015–2022 (Kiloton)
Table 43 Industrial Coatings Market Size in Protective, By Region, 2015–2022 (USD Million)
Table 44 Industrial Coatings Market Size, in Coil By Region, 2015–2022 (Kiloton)
Table 45 Industrial Coatings Market Size, in Coil By Region, 2015–2022 (USD Million)
Table 46 Industrial Coatings Market Size in Packaging, By Region, 2015–2022 (Kiloton)
Table 47 Industrial Coatings Market Size in Packaging, By Region, 2015–2022 (USD Million)
Table 48 Industrial Coatings Market Size in Rail, By Region, 2015–2022 (Kiloton)
Table 49 Industrial Coatings Market Size in Rail, By Region, 2015–2022 (USD Million)
Table 50 Industrial Coatings Market Size in Transportation, By Region, 2015–2022 (Kiloton)
Table 51 Industrial Coatings Market Size in Transportation, By Region, 2015–2022 (USD Million)
Table 52 Industrial Coatings Market Size in Aerospace, By Region, 2015–2022 (Kiloton)
Table 53 Industrial Coatings Market Size in Aerospace, By Region, 2015–2022 (USD Million)
Table 54 Industrial Coatings Market Size in Other Industries, By Region, 2015–2022 (Kiloton)
Table 55 Industrial Coatings Market Size in Other Industries, By Region, 2015–2022 (USD Million)
Table 56 Industrial Coatings Market Size, By Region, 2015–2022 (Kiloton)
Table 57 Industrial Coatings Market Size, By Region, 2015–2022 (USD Million)
Table 58 Asia-Pacific: Industrial Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 59 Asia-Pacific: Industrial Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 60 Asia-Pacific: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 61 Asia-Pacific: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 62 China: Macroeconomic Indicators
Table 63 China: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 64 China: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 65 Japan: Macroeconomic Indicators
Table 66 Japan: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 67 Japan: Industrial Coatings Market Size, By End-Use Industry 2015–2022 (USD Million)
Table 68 India: Macroeconomic Indicators
Table 69 India: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 70 India: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 71 South Korea: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 72 South Korea: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 73 Indonesia: Macroeconomic Indicators
Table 74 Indonesia: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 75 Indonesia: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 76 Thailand: Macroeconomic Indicators
Table 77 Thailand: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 78 Thailand: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 79 Vietnam: Macroeconomic Indicators
Table 80 Vietnam: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 81 Vietnam: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 82 Rest of Asia-Pacific: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 83 Rest of Asia-Pacific: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 84 Europe: Industrial Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 85 Europe: Industrial Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 86 Europe: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 87 Europe: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 88 Germany: Macroeconomic Indicators
Table 89 Germany: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 90 Germany: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 91 Russia: Macroeconomic Indicators
Table 92 Russia: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 93 Russia: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 94 France: Macroeconomic Indicators
Table 95 France: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 96 France: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 97 U.K.: Macroeconomic Indicators
Table 98 U.K.: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 99 U.K.: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 100 Italy: Macroeconomic Indicators
Table 101 Italy: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 102 Italy: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 103 Turkey: Macroeconomic Indicators
Table 104 Turkey: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 105 Turkey: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 106 Spain: Macroeconomic Indicators
Table 107 Spain: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 108 Spain: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 109 Rest of Europe: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 110 Rest of Europe: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 111 North America: Industrial Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 112 North America: Industrial Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 113 North America: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 114 North America: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 115 U.S.: Macroeconomic Indicators
Table 116 U.S.: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 117 U.S.: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 118 Canada: Macroeconomic Indicators
Table 119 Canada: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 120 Canada: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 121 Mexico: Macroeconomic Indicators
Table 122 Mexico: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 123 Mexico: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 124 Middle East & Africa: Industrial Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 125 Middle East & Africa: Industrial Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 126 Middle East & Africa: Industrial Coatings Market, By End-Use Industry, 2015–2022 (Kiloton)
Table 127 Middle East & Africa: Industrial Coatings Market, By End-Use Industry, 2015–2022 (USD Million)
Table 128 Saudi Arabia: Macroeconomic Indicators
Table 129 Saudi Arabia: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 130 Saudi Arabia: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 131 Iran: Macroeconomic Indicators
Table 132 Iran: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 133 Iran: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 134 South Africa: Macroeconomic Indicators
Table 135 South Africa: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 136 South Africa: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 137 Rest of Middle East & Africa: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 138 Rest of Middle East & Africa: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 139 South America: Industrial Coatings Market Size, By Country, 2015–2022 (Kiloton)
Table 140 South America: Industrial Coatings Market Size, By Country, 2015–2022 (USD Million)
Table 141 South America: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 142 South America: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 143 Brazil: Macroeconomic Indicators
Table 144 Brazil: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 145 Brazil: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 146 Argentina: Macroeconomic Indicators
Table 147 Argentina: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 148 Argentina: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 149 Rest of South America: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 150 Rest of South America: Industrial Coatings Market Size, By End-Use Industry, 2015–2022 (USD Million)


List of Figures (36 Figures)

Figure 1 Industrial Coatings: Market Segmentation
Figure 2 Industrial Coatings Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Industrial Coatings Market: Data Triangulation
Figure 6 Powder Coating Technology to Witness Highest CAGR Between 2017 and 2022
Figure 7 Automotive OEM to Be the Fastest-Growing End-Use Industry Between 2017 and 2022
Figure 8 Asia-Pacific is the Largest Market for Industrial Coatings in 2016
Figure 9 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2017 and 2022
Figure 10 Powder Coatings Technology to Witness the Highest CAGR Between 2017 and 2022
Figure 11 Industrial Coatings Market to Register High CAGR in Developing Nations Than Developed Nations
Figure 12 Solvent-Based Technology Accounted for the Largest Share in Industrial Coatings Market in 2016
Figure 13 India is Going to Register Highest CAGR During Forecast Period
Figure 14 Drivers, Restrains, Opportunities, and Challenges in Industrial Coatings Market
Figure 15 Porter’s Five Forces Analysis
Figure 16 Acrylic Resin Dominates the Industrial Coatings Market
Figure 17 Solvent Technology-Based Industrial Coatings to Dominate the Market, 2017–2022 (Kiloton)
Figure 18 Automotive OEM End-Use Industry Expected to Register Highest CAGR During Forecast Period
Figure 19 China and India to Lead the Industrial Coatings Market
Figure 20 Attractiveness of the Industrial Coatings Market in Asia-Pacific
Figure 21 Europe Market Snapshot: Germany to Lead the Industrial Coatings Market in the Region
Figure 22 Industrial Coatings Market in North America: Market Snapshot
Figure 23 Competitive Leadership Mapping, 2016
Figure 24 Akzonobel N.V. & PPG Industries Inc.Leading the Industrial Coatings Market in 2016
Figure 25 Akzonobel N.V.: Company Snapshot
Figure 26 PPG Industries Inc: Company Snapshot
Figure 27 The Sherwin-Williams Company: Company Snapshot
Figure 28 Axalta Coating Systems: Company Snapshot
Figure 29 Jotun A/S: Company Snapshot
Figure 30 Nippon Paints Holdings Co., Ltd: Company Snapshot
Figure 31 Kansai Paints Co. Ltd.: Company Snapshot
Figure 32 RPM International Inc.: Company Snapshot
Figure 33 Valspar Corporation: Company Snapshot
Figure 34 Tikkurila OYJ: Company Snapshot
Figure 35 Hempel A/S: Company Snapshot
Figure 36 BASF Coatings GmbH: Company Snapshot

The industrial coatings market is projected to reach USD 130.97 Billion by 2022, at a CAGR 5.91% from 2017 to 2022. The market is largely driven by the increasing demand for industrial coatings from various end-use industries, such as automotive, marine, protective, aerospace, transportation, rail, industrial wood, coil, transportation, packaging, and general industrial. The growth of the industrial coatings market can also be attributed to the increased investments by the key players to launch efficient and cost-effective products, as well as for expansion and acquisition activities. The growth of the middle-class population in emerging economies is another important factor driving the industrial coatings market.

The industrial coatings market has been segmented based on resin, technology, end-use industry, and region. By resin type, the acrylic resin segment dominated the industrial coatings market in 2016. This dominance can be attributed to the growing use of acrylic resins in many applications, such as automotive, industrial wood, transportation, marine, and general industrial applications.

By technology, the solvent-based industrial coatings segment accounted for more than 40% share, in terms of volume, of the overall industrial coatings market in 2016. The solvent-based industrial coatings find applications in trenches, tank interiors, containment lining, flooring systems, and joint overlays. Solvent-based industrial coatings can be used in end-use industries such as automotive, marine, aerospace, coil, rail, packaging, protective, electrical & electronics, energy, industrial coatings, and others.

The general industrial coatings segment is the largest end-use industry segment of the industrial coatings market, in terms of volume. The demand for these coatings for domestic appliances and corporate offices in the developed and developing countries is leading to the increased usage of general industrial coatings.

Industrial Coatings Market

Asia Pacific is the largest market for industrial coatings, having accounted for 63.97% share, in terms of volume, in 2016. There is an increased demand from the automotive industry in Asia Pacific, which is mainly backed by the expansion of the region’s industrial activities. This increased demand, in turn, drives the industrial coatings market in Asia Pacific. Asia Pacific is the fastest-growing industrial coatings market with most of the large manufacturers establishing their facilities in this region. Presence of some of the fastest-growing economies, such as China, India, and South Korea, and rising demand from automotive industry play a crucial role in driving the industrial coatings market in the Asia Pacific region.

The growth of the industrial coatings market mostly depends on the economic growth of different regions, which in itself is dependent on the global political situation. The political situation is critical in many regions of the world, which may deter the availability of some ink resins used as raw materials for the manufacturing of industrial coatings.

AkzoNobel N.V. (Netherlands), PPG Industries Inc. (US), Axalta Coatings Systems (US), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd. (Japan), Jotun A/S (Norway), RPM International (US), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan) are some of the key players operating in the industrial coatings market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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