Industrial Coatings Market Projected to Reach 130.97 Billion USD by 2022
Industrial Coatings Market Projected to Reach 130.97 Billion USD by 2022 © MarketsandMarkets™
The report "Industrial Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water, Solvent, High Solids, Powder), End-use Industry (Automotive, Aerospace, Marine, Wood, Packaging, Protective), and Region - Global Forecasts to 2022", The industrial coatings market is projected to reach USD 130.97 Billion by 2022, at a CAGR 5.91% between 2017 and 2022, in terms of value.
Browse 150 Market Data Tables and 36 Figures spread through 185 Pages and in-depth TOC on "Industrial Coatings Market - Global Forecasts to 2022"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html
Rising demand from the automotive industry is driving the growth of the industrial coatings market. In addition, increasing demand from other end-use sectors such as general industrial, marine, coil, protective, industrial wood, aerospace, rail, and packaging is expected to further drive the growth of the industrial coatings market during the forecast period.
Acrylic segment accounted for a major share of the industrial coatings market in 2016.
Acrylic resins are preferred over other resins as they offer good plasticizer resistance, excellent solvent resistance, high flexibility, and impact resistance. They also offer excellent color, high gloss, and retention of performance properties at high temperature. Acrylic resin-based industrial coatings have high demand, especially in the automotive industry, owing to stringent environmental regulations and the high corrosion resistance of these coatings.
Solvent-based segment accounted for the largest share of the industrial coatings market in 2016.
By technology, the solvent-based segment accounted for the largest market share in 2016. The large share of this segment can be attributed to the various properties of solvent-based industrial coatings, such as high performance, corrosion resistance, and high flexibility.
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General industrial segment of the industrial coatings market is estimated to be the largest market between 2017 and 2022.
The general industrial coatings market has diverse end users and is tied to multiple industries. The everyday uses of powder coated products include lighting fixtures, antennas, and electrical components. In corporate offices, products such as powder-coated file drawers, computer cabinets, laptop computers, and cell phones are widely used. In homes, powder-coated baby strollers, cribs, playpens, car seats, toys, wagons, electronic components, gutters & down spouts, bathroom scales, mailboxes, satellite dishes, toolboxes, and fire extinguishers are used. The drivers of the general industrial coatings market are population growth, improved standards of living, infrastructure growth, global GDP growth, and recovery and growth in the construction industry.
The Asia Pacific industrial coatings market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific industrial coatings market is projected to grow at the highest CAGR during the forecast period. Asia Pacific is a rapidly expanding industrial coatings market, owing to the growing economy and increasing middle-class population. The increasing number of industrial activities due to growing urbanization, mainly in China and India, are expected to drive the market during the forecast period.
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AkzoNobel N.V. (Netherlands), PPG Industries Inc. (US), Axalta Coatings Systems (US), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd (Japan), Jotun A/S (Norway), RPM International (US), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan) are among the key players operating in the industrial coatings market.
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Browse 150 Market Data Tables and 36 Figures spread through 185 Pages and in-depth TOC on "Industrial Coatings Market - Global Forecasts to 2022"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html
Rising demand from the automotive industry is driving the growth of the industrial coatings market. In addition, increasing demand from other end-use sectors such as general industrial, marine, coil, protective, industrial wood, aerospace, rail, and packaging is expected to further drive the growth of the industrial coatings market during the forecast period.
Acrylic segment accounted for a major share of the industrial coatings market in 2016.
Acrylic resins are preferred over other resins as they offer good plasticizer resistance, excellent solvent resistance, high flexibility, and impact resistance. They also offer excellent color, high gloss, and retention of performance properties at high temperature. Acrylic resin-based industrial coatings have high demand, especially in the automotive industry, owing to stringent environmental regulations and the high corrosion resistance of these coatings.
Solvent-based segment accounted for the largest share of the industrial coatings market in 2016.
By technology, the solvent-based segment accounted for the largest market share in 2016. The large share of this segment can be attributed to the various properties of solvent-based industrial coatings, such as high performance, corrosion resistance, and high flexibility.
Request FREE Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=746
General industrial segment of the industrial coatings market is estimated to be the largest market between 2017 and 2022.
The general industrial coatings market has diverse end users and is tied to multiple industries. The everyday uses of powder coated products include lighting fixtures, antennas, and electrical components. In corporate offices, products such as powder-coated file drawers, computer cabinets, laptop computers, and cell phones are widely used. In homes, powder-coated baby strollers, cribs, playpens, car seats, toys, wagons, electronic components, gutters & down spouts, bathroom scales, mailboxes, satellite dishes, toolboxes, and fire extinguishers are used. The drivers of the general industrial coatings market are population growth, improved standards of living, infrastructure growth, global GDP growth, and recovery and growth in the construction industry.
The Asia Pacific industrial coatings market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific industrial coatings market is projected to grow at the highest CAGR during the forecast period. Asia Pacific is a rapidly expanding industrial coatings market, owing to the growing economy and increasing middle-class population. The increasing number of industrial activities due to growing urbanization, mainly in China and India, are expected to drive the market during the forecast period.
Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=746
AkzoNobel N.V. (Netherlands), PPG Industries Inc. (US), Axalta Coatings Systems (US), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (US), Kansai Paints Co., Ltd (Japan), Jotun A/S (Norway), RPM International (US), Hempel A/S (Denmark), and Nippon Paint Holdings Co., Ltd. (Japan) are among the key players operating in the industrial coatings market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets