Press release
Global Industrial Coatings Market to Witness Significant Growth During 2017 - 2022
MRRSE
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The report focuses on the current market scenario and future prospects to targeted customers that includes manufacturers of industrial coatings, government agencies, producers of resins and raw material suppliers, other feedstock chemicals and end-use industries like automotive, aerospace, rail, industrial wood, transportation and construction.
Global Industrial Coatings Market: Dynamics
Global Industrial Coatings Market is expected to experience a surge in the near future due to forces like:
· Increasing premium paint demand among DIY (Do-it-yourself) buyers
· Rapid construction activity in developing economies
· Rising automotive industry given the increase in demand for cars due to availability of disposable income with the people
· Recent introduction of UV-curable coatings, fluoropolymer topcoats as well as nano coatings
Owing to these factors, the demand is predicted to rise at a CAGR of 5.8% during the forecast period 2017 to 2022. The market will grow at a robust CAGR of 6.7% in the APEJ region, and is estimated to register a market valuation of around US$ 41.6 Bn in 2022, from a valuation of about US$ 31.4 Bn in 2017.
Even as the strict rules for the disposal and usage of petrochemicals harms the Global Industrial Coatings Market, the vendors are capable of getting more opportunities if they shift their focus towards R&D activities for products that are environmentally friendly.
Segment Wise Analysis of the Global Industrial Coatings Market
By the resin segment, the global market for industrial coatings is divided into four segments polyurethane, acrylic, epoxy, polyester among which epoxy is growing at a significant rate to reflect a value that is a bit over US$ 730 Mn on an annual basis. The segment based on technology includes solvent, pre-treatment, water, and powder. The end-use based segmentation includes automotive, consumer electronics, heavy duty machines, general finishes, extrusion & coil, wood, appliances and transportation.
Emerging Regions in the Global Industrial Coatings Market
Regions tracked in Global Industrial Coatings Market are Europe, Asia Pacific except Japan (APEJ), Latin America & North America. From 2017 to 2022, APEJ is anticipated to increase at 6.7% value CAGR. Financial development of India & China is the main reason for the thriving of the APEJ regional market. China and India house over 33% of the total population whose monetary development is increasing market sales. Before the end of 2022, the Industrial Coatings market in the APEJ region is anticipated to be valued at US$ 13,751.7 Mn.
Browse Full Global Industrial Coatings Market Report with TOC : https://www.mrrse.com/industrial-coatings-market
Competitive Landscape of the Global Industrial Coatings Market
Some of the key organizations working in this market are The Chemours Company, RPM International Inc., AkzoNobel N.V., Weilburger Coatings GmbH, Whitford Corporation, LLC, The Valspar Corporation, The Sherwin-Williams Company, Jotun A/S, Nippon Paint Holdings Co., Roto Polymers And Chemicals, and Milliken & Company.
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