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Industrial Liquid Coatings Market Key Players by 2024: Akzo Nobel, Hempel, RPM International, Axalta Coatings Systems, PPG Industries Inc, The Sherwin Williams Company, Nippon Paint Holdings, Kansai Paints

10-13-2018 09:37 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Industrial Liquid Coatings Market

Industrial Liquid Coatings Market

Industrial liquid coatings market is segregated into resin, product, application and region. The resin segment includes epoxy, acrylic, polyester, polyurethane and others. In terms of volume, acrylic based coatings segment will clutch over 15% of the entire market share in 2025. Properties such as excellent chemical resistance, color & gloss retention, outstanding early moisture resistance, flash rust/early rust resistance, etc. makes it suitable for use over steel, aluminum, and zinc rich primers. These coatings have wide end-use application on equipment, machineries, power plants, piping and steel structures as well.

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The product segment further segmented into liquid top coats, liquid primers, metal conditioners, e-coats and other. In terms of revenue, e-coats will account for more than 10% of the overall segment share by 2025. E-coats or electrocoats are high-performance products that are formulated to provide reliable mechanical strength and superior corrosion protection. The product is mostly used on hot rolled steel, galvanized steel, aluminum, magnesium etc. in agriculture, construction & earthmoving equipments, as well as automotive & electrical appliances manufacturing industries.

Growth in general industrial sector across Asia Pacific will augment the demand for industrial liquid coatings in near future. The product is used in coating different equipment and components in end-user industries including food & beverage, electronics, petrochemical & refineries, pharmaceutical and general manufacturing. Legislative amendments done by emerging economies to boost manufacturing sector along with easy availability of skilled labor at low cost are the prime reasons that Asia Pacific is now a manufacturing hub and contributes about 40% of world?s output. Rising demand for commodities and ease of raw material availability made the region a preferred choice of various global players driving the product market demand in positive manner over the forecast time spell.

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.

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Industrial Liquid Coatings Market By Resin
• Polyester
• Epoxy
• Polyurethane
• Acrylic
• Others

Industrial Liquid Coatings Market Product By Application
• Liquid top coats
o Agriculture & Heavy Equipment
o Oil & Gas pipelines
o Metal Structures
o Water & Wastewater pipelines
o General Industrial
o Others

• Liquid primers
o Agriculture & Heavy Equipment
o Oil & Gas pipelines
o Metal Structures
o Water & Wastewater pipelines
o General Industrial
o Others

• Metal conditioners
o Agriculture & Heavy Equipment
o Oil & Gas pipelines
o Metal Structures
o Water & Wastewater pipelines
o General Industrial
o Others
• E-coats

o Agriculture & Heavy Equipment
o Oil & Gas pipelines
o Metal Structures
o Water & Wastewater pipelines
o General Industrial
o Others
• Others

o Agriculture & Heavy Equipment
o Oil & Gas pipelines
o Metal Structures
o Water & Wastewater pipelines
o General Industrial
o Others

Recycled Elastomers Market By Application
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
• Others

Browse Full Report @ https://www.gminsights.com/industry-analysis/industrial-liquid-coatings-market

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.

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 market is highly fragmented with the presence of small, medium and large players across the globe. Some of the major industrial liquid coatings market players include RPM International Inc., Axalta Coatings Systems, Baril Coatings, Akzo Nobel, Hempel and Nippon Paints.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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