Industrial Coatings Market 2025 By Resin Type (Polyurethane, Epoxy, Acrylic, Polyester, Alkyd, Fluoropolymer, Others), By Technology (Solvent based, Water based, Powder Coatings, Others), By End-user (General Industrial, Protective, Automotive OEM, Industrial Wood, Automotive Refinish, Coil & Extrusion (Appliance), Packaging, Marine, Aerospace, Rail) Forecast to 2025Report ID: BMRC 2755 | Number of pages: 198 | Publish Date: Mar 2020 | Publisher: BMRC | Category: Heavy Industry
Industrial Coatings Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Industrial Coatings Market place for the forecast 2019– 2025.
Scope of The Report:
The primary reason for the global industrial coatings market growth is the shift in the trend towards the protection of floor in the manufacturing, chemical, food-processing and transportation industries and have stimulated the demand for the industrial coatings. The advancement in units of production for safeguarding the diminishing of the interior structure and is going to enhance the growth of the market. The global industrial coatings market has been seeing a major growth in the market all over the world and has been expected to see a significant amount of growth in the world.
The segmentation of the global industrial coatings market has been done on the basis of product, components, flooring material and application. In terms of product, the epoxy segment has been holding the strong dominance by capturing the demand for the market and is expecting to witness good growth in the coming years. The four components segment has been expected to be generating revenue in the coming years. The surge in the adoption of the epoxy coverings for the self-leveling coverings owing to the smooth finishing, low maintenance and non-porous have been boosting the share of industry.
In terms of the flooring material, the concrete industrial floor covering has been expected to grow the market. In terms of application, the manufacturing industry has been expected to increase in industrialization.
Key Players in the Industrial Coatings Market Report
The important players in the global industrial coatings market are the PPG, Sherwin-Williams, Roto Polymers, 3M, Akzo Nobel, Nora System, Maris Polymers and Tambour in the global industrial coatings market.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Rise In Industrialization Is Leading To The Growth In The Global Industrial Coatings Market
Rising industrialization in a lot of the countries due to the improved demand of consumers are encouraging a lot of the major players for the expanding of production capacities. The advancements of technology in the material handling equipment with the enhanced levels of mobility through the wheels has been influencing the rising need for the simulating of smooth surfaces.
The prominent industries like the steel, iron, automotive, pharmaceutical, chemical, machinery and the food and beverage have been majorly supporting the development of the economy in the world the growth in the industry including the mining, metallurgical and oil and gas owing to the higher requirement for the tough ground in the use of a lot of various chemicals, elevated temperatures and solvents.
The increase in the infrastructure spending in the sector of manufacturing has been among the major factors which fuels the growth of the global industrial coatings market. In the last few years, the government departments have been reporting the shipment of the durable goods which are manufactured. This industry might be facing a few setback. For example, the epoxy majorly which is using the coating material has a lower flexibility in addition to the applicability in the specific range of temperature.
North America Is Expected To Be The Prominent Region In The Global Industrial Coatings Market
The region of North America has been leading the global industrial coatings market has been capturing the revenue share due to the increase in the production capacities for the majority of companies in this region. The advancements of technology in the sector of manufacturing due to the higher automation for movement of material. Increasing need for the certifying the manufacturing plants for the rise in awareness in the end-users is going to have the influence on market growth in North America. The rise in adoption of the high-performance machines, equipment and the rising adoption of the heavy machine and the aviation companies in this region have enhanced the need for the efficient coatings of ground in strongly supporting the demand of the product in the global industrial coatings market.
Industrial Coatings Key Market Segments:
By Resin Type
- Solvent based
- Water based
- Powder Coatings
- General Industrial
- Automotive OEM
- Industrial Wood
- Automotive Refinish
- Coil & Extrusion (Appliance)
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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