Industrial Coatings Companies

In terms of value, the industrial coatings market is estimated to grow from USD 112.04 billion in 2024 to USD 142.35 billion by 2030, at a CAGR of 4.12% between 2025 and 2030. Waterborne coatings are becoming increasingly prominent as most industries shift away from solvent-borne systems due to strict environmental regulations and health concerns. These coatings have attributes such as low VOC emissions, good adhesion, and durability, making them suitable for applications in the general industrial, automotive, and heavy machinery sectors. As manufacturers continue to adopt more sustainable practices and strive to reduce their environmental footprint, waterborne coatings are expected to see wider usage while supporting both performance and compliance across industrial end-use markets.

Industrial Coatings Companies

The key players profiled in the report include The Sherwin-Willaims Company (US), PPG Industries Inc. (US), AkzoNobel N.V. (Netherlands), Axalta Coating Systems LLC (US), Jotun A/S (Norway), Nippon Paint Holdings Co., Ltd. (Japan), Kansai Paint Co., Ltd. (Japan), RPM International Inc. (US), Hempel A/S (Denmark), and BASF Coatings GmbH (Germany). These players have adopted various growth strategies to strengthen their position in the market. These include introducing new technologies, expansions, acquisitions, and product launches to increase their market shares.

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PPG Industries Inc. is one of the world’s leading suppliers of paints, coatings, and specialty materials, boasting a strong market presence with 156 manufacturing facilities across many countries in Europe, North America, Asia Pacific, the Middle East & Africa, and South America. PPG Industries provides a wide variety of coating solutions for aerospace, automotive OEM and refinish, industrial, packaging, marine, and architectural markets. The company has strengthened its product portfolio through sustained innovation and sustainable practices that emphasize waterborne coatings for environmental friendliness applications.

AkzoNobel N.V. is one of the leading global industrial coatings companies based in the Netherlands, serving customers in over 150 countries. Its diverse portfolio includes decorative paints and high-performance coatings for key industries such as marine, automotive, architecture, and industrial manufacturing. The company has made significant strides in developing responsible and sustainable coating technologies, with a strong emphasis on waterborne and low-VOC formulations. In recent years, AkzoNobel has partnered with various stakeholders to create circular solutions that aim to reduce the environmental footprint of its products. With a firm commitment to carbon neutrality and ongoing innovation, AkzoNobel continues to strengthen its position as a preferred coatings partner in both established and emerging markets.

The US-based Sherwin-Williams is one of the global leaders in manufacturing, developing, distributing, and selling paints and coatings, as well as other products. The company has a presence in more than 120 countries, primarily in Europe, Asia Pacific, and North America. The business serves residential, commercial, and industrial segments of the market, offering products in protective coatings, marine coatings, automotive refinishes, and OEM. The company emphasizes sustainability by expanding its collection of water-based and environmentally friendly coatings. Additionally, it invests in high-performing, eco-friendly technology that aligns with international standards and rules.

The market for industrial coatings is consolidated, with five major players accounting for around 25–30% of the global market share. In 2024, the top five manufacturers were PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, Axalta Coating Systems LLC, and Nippon Paint Holdings Co., Ltd., accounting for 25–30% of the industrial coatings market. The remaining market share was secured by small and medium-sized enterprises.

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Industrial Coatings Market by type (Acrylic, Alkyd, Polyester, Polyurethane, Epoxy, Fluoropolymer), Technology (Solventborne Coatings, Waterborne Coatings, Powder Coatings), End-use Industry (General Industrial), and Region - Global Forecast to 2030