Market Research Future Published Research Report “Global Industrial Coating Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2025
Preference for Eco-Friendly Coatings to Benefit Industrial Coatings Market
Industrial Coatings Industry Update:
On Feb 19th, 2019 – PPG, a globally renowned Fortune 500 company, announced its plans of investing $10 million in an all-new 82,000-square foot facility and class A coating line at its coating’s services facility of Greenville, South Carolina. The facility is scheduled to be completed by August this year and the expansion is aimed to accommodate the increasing demand of class A coatings application and value-added services for the automotive markets.
Industrial Coatings Market Key Players:
The competitors in the global Industrial Coating market are consistently devising strategic roadmaps to leverage the potential of the market. The competitive nature of the market has brought-in more growth and innovation in the market. Some of the notable companies operating in this proliferating market are Valspar (U.S.), Industrial Nanotech, Inc., DuPont Co, NOROO Paints & Coatings, Asian Paints, Sherwin-Williams Co. Ltd, PPG Industries Inc., BASF SE, Burke Industrial Coatings, and others.
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Industrial Coatings Market Overview:
According to MRFR, the global industrial coating is expected to reach USD 119 billion by 2025 with 5.8% CAGR during the forecast period, 2019–2025.
Industrial coatings are basically a type of paint or coating that is commonly applied on numerous derivatives such as steel or concrete. It is designed to be both protective as well as aesthetic. There are different kinds of industrial coatings, some of which are Xylan-Dry film lubricants, resins, xylene, and others. These coatings have wide-scale application in industries like building & construction, automotive, oil & gas, marine, medical & healthcare, and others owing to its corrosion resistance characteristics. Industries are on the lookout for innovation in coatings like improved corrosion resistance, increasing service life, and bio-based coatings that help push the industrial coatings market.
Stringent government policies and regulations concerning the removal of petrochemical products from the environment can hamper the market growth in the coming years.
Industrial Coatings Market Regional Analysis:
The regional market segmentation of the global Industrial Coating market Asia-Pacific, North America, Europe, and Rest of the World.
Asia-Pacific holds the largest market share of industrial coating due to rising demand from end-user industries like automobile and construction, the rapid scale of industrialization, and government measures to increase FDI. Here, the major revenue generating nation is China, wherein there is a growing demand for paints & coatings.
Europe and North America follow Asia-Pacific as the second and third largest market holder, respectively. Aside from this, countries like Thailand, Indonesia, and Brazil are placing their focus on setting up automotive OEM units to increase trading in other countries.
Industrial Coatings Market Segments:
The market segmentation of the global Industrial Coating market is done on the basis of type and application.
By types, the market includes solvent-based, water-based, and powder-based coatings. Herein, the water-based coatings hold the largest market share due to its low content of VOC (Volatile Organic Compound) that leads to low carbon emission into the environment.
By application, the market comprises coil coatings, wood coatings packaging coatings, marine coatings, automotive OEMs, protective & maintenance coatings, among others. The automotive OEMs are dominating this market segment with the rising demand for industrial coatings due to the safety and wear protection it offers.
Industrial Coatings Market Table Of Contents to be Continue……,
Browse key industry insights spread across 140 pages with 47 market data tables & 12 figures & charts from the report, “Global Industrial Coatings Market Research Report: Information by Resin (Polyurethane, Acrylic, Alkyd, Epoxy, Polyester, Fluoropolymers), Type (Solvent, High Solids, Powder and Water), End-Use Industry (Automotive OEM, Construction, General Industrial, Marine, Aerospace, Wood, Packaging) and Region (Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa) – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2025” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/industrial-coatings-market-2136
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