Industrial Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic, Polyester), by Vertical (General Industrial, Protective, Automotive OEM, Industrial Wood), by Technology, Geography, and Forecast
Industrial Coatings Market Size And Forecast
The Global Industrial Coatings Market was valued at USD 15.87 Billion in 2018 and is projected to reach USD 23.53 Billion by 2026, growing at a CAGR of 5.88% from 2019 to 2026.
Global Industrial Coatings Market Overview
Industrial coatings protect metal or concrete from gear wear, corrosion, tear and growth of algae. Primary function of industrial coatings is to provide aesthetic value to the surface on which it is being applied.one of the important characteristic of industrial coting is eco-friendly nature. Stringent regulation for reducing VOC emissions in coating resins and reducing pollution coating techniques are causing increase in demand for eco-friendly industrial coating market. Also, advancement in material such as powder coating is solvent free that is fueling growth of Industrial Coatings Market. Furthermore, as a result of improvement in the performance of coatings, industrial products are sold with multiyear guarantee for corrosion. Industrial coatings also offer additional benefits such as high flexibility, crack-bridging, water proofing, resistance to dirt and chemicals.
Key Players In Industrial Coatings Market
The Global Industrial Coatings Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as
- Hempel A/S, Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
- Noroo Paint ; Coatings Co., Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Teknos Group
- The Sherwin-Williams Company
- Tikkurila OYJ
- Weilburger Coatings GmbH
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