Press release
Industrial Coating Market projected to reach USD 24.2 billion by 2023
Industrial Coating are used for a multiple applications across industries for a range of advantages it offers. Primarily for protecting the substances from various types of corrosion. Specifically to prevent concrete or steel from corroding and to make these materials more fire resistant. Industrial Coatings are extensively used in industries like automotive, building & construction, marine, O&G, medical & healthcare. Government legislation regarding Volatile Organic Compound (VOC) content has augmented the demand for innovative and bio based coatings that can offer increased service life & improve corrosion resistance. This demand from the end user industries have prompted the manufacturers to develop environmentally sustainable Industrial Coating which offer similar coating properties compared to established systems. These factors are fueling the market growth of Industrial Coating globally allowing market to garner phenomenal prominence.
Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Industrial Coating market is expected grow to USD 31.4 billion by 2022, registering 3.9 % of a CAGR during the anticipated period (2016 – 2022). In 2016, the market was valued to be USD 24.2 billion.
Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/2136
Industry/ Innovation/Related News:
January 18, 2018 - Adaptive Surface Technologies, Inc. (UK) a global provider of line of industrial coatings announced the product launch of SLIPS® Repel. Designed for large industrial liquid containers, SLIPS®Repel coatings create a slippery, self-healing liquid layer on surfaces to allow sticky materials to easily flow through industrial production systems with virtually no residue left behind.
January 16, 2018 - Axalta Coating Systems (US) global provider of Industrial coatings providing with innovative, colorful, beautiful and sustainable solutions for automotive OEM announced the launch of two new apps and a new feature to an existing app that are designed to help customers complete tasks more quickly and accurately. Some more features of Axalta Apps include ‘General Industrial Product System Selector App’ analyses user inputs to recommend best coatings solution, ‘China OEM and Refinish Digital Color App’ boosts productivity with on-demand library of more than four million color formulas, snap a picture, and get a color match with the north America ‘Industrial Color Matching App’ for liquid and powder coatings
Key Players
The key players of global industrial coatings market are AkzoNobel N.V, BASF SE, PPG Industries Inc., Valspar (U.S.), Sherwin-Williams Co. Ltd, DuPont Co, NOROO Paints & Coatings, Asian Paints, Burke Industrial Coatings, Industrial Nanotech, Inc. and others.
Access Report Details @ https://www.marketresearchfuture.com/reports/industrial-coatings-market-2136
Regional Analysis
Geographically, Asia-Pacific region accounts for largest market share owing to rapid industrialization, increase in demand from end user industries like automobile and construction along with government initiatives to increase FDI will fuel the market growth. China is major revenue generating country due to growing demand of paints & coatings. Europe & North America accounts for second and third market share respectively. Other countries like Indonesia, Thailand, and Brazil are focusing on setting an automotive OEMs to increase trading with other countries.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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