Industrial Coatings Market Growth Estimated to Reach USD 31.4 Bn and at a CAGR of 3.9% | Industry Share, Trends, Size by 2022
Global Industrial Coatings Market Information-by Types (water based coatings, powder coatings, solvent based coatings), Application (automotive OEMs, marine coatings, protective & maintenance coatings, coil coatings, packaging coatings, wood coatings) and by Region Forecast to 2022
Pune, India – March 28, 2019 /MarketersMedia/ —
Industrial Coatings Market Overview:
The Global Industrial Coating Market to Grow with a CAGR of 3.9% During the Forecast Period.
The Global Industrial Coating Market is Anticipated to Reach USD 31.4 Billion Market Valuation by the End of 2022.
Varied usage of industrial coating in diverse applications has increased the demand that market is currently experiencing. Market focused reports associated with the chemicals and materials industry amid others recently have been made available by Market Research Future which issues reports on this industry.
Oil & gas, building & construction, automotive, marine, medical & healthcare are among a few industries that are contributing heavily to the expansion of the market. Furthermore, benefits such as better corrosion resistance, improved service life, and bio-based coatings are adding further impetus to the growth of the market in the duration of the forecast period. Automotive refinish and Automotive OEMs are the important sectors of these markets due to a surge in need of industrial coatings owing to safety and wear protection that it makes available.
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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.
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 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 Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Industrial Coatings Market
Industrial Coatings Market Table of Content to be Continue……,
Complete List of Tables and Figures @ https://www.marketresearchfuture.com/reports/industrial-coatings-market-2136
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