Press release
Industrial Liquid Coatings Market 2024 Global Key Players are Akzo Nobel, Hempel, RPM International, Axalta Coatings Systems, PPG Industries Inc, The Sherwin Williams Company, Nippon Paint Holdings, Kansai Paints.
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Based on resin acrylics will witness an annual growth rate of about 4.5% from 2018 to 2025. Product properties such as resistance to moisture, UV rays, chemicals and rust makes it ideal to be used over aluminium and steel. Acrylic coatings have end use applications on piping, steel structures, machineries, power plant equipment., etc.
Industrial Liquid Coatings Market By Resin
• Polyester
• Epoxy
• Polyurethane
• Acrylic
• Others
Industrial Liquid Coatings Market Product By Application
• Liquid top coats
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
• Others
• Liquid primers
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
• Others
• Metal conditioners
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
• Others
• E-coats
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
• Others
• Others
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
• Others
Recycled Elastomers Market By Application
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
• Others
Based on product e- coats (electrocoats) will show a decent growth rate of over 5% over the forecast period. The product provides superior corrosion protection and reliable mechanical strength to substrates such as aluminium, galvanized steel, magnesium, cold rolled and hot rolled steel. These are extensively used in construction, agricultural & earthmoving equipments, manufacturing industries, etc.
General industrial segment is likely to clutch the highest share of over 60% by 2025 with a wide range of industries covered under this segment. It includes industries such as home appliance manufacturing, food & beverage, textiles, steel, pharmaceutical, containers and packaging, etc. Growing demand for various household products due to rise in spending capacity of the global population will result in growth of general industrial sector.
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On the basis of application oil & gas pipelines will observe an annual growth rate of 6% over the forecast timespan. The product provides exceptional corrosion protection to external and internal pipes for gas risers, hydrants and oil & gas pipelines. The product also provides mechanical, chemical resistance along with gloss and color retention to the machines used in agricultural & heavy equipment segment.
North America market will experience a CAGR of over 6.5% from 2018 to 2025 due to the presence of extensive general industrial sector in the region. Also, the region has the largest network of oil & gas transmission pipelines combining both U.S. and Canada. Upliftment of ban on U.S. for crude oil export results in expansion of pipeline network in region, driving the growth of product market positively in coming years.
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Based on volume, Asia Pacific industrial liquid coatings market will witness the growth rate around 7%. Significant rise in manufacturing industries in Asian Countries such as China, South Korea and India will subsequently augment the entire industry demand in future.
The industrial liquid coatings market is very fragmented as numerous large, medium and small players are present in the industry across the globe. Some of the key industry giants are Nippon Paints, Hempel, Axalta Coating, Kansai Paint, Akzo Nobel, Baril Coatings, and RPM International.
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