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Global Industrial Liquid Coatings Market to hit $70bn by 2025 | AkzoNobel, PPG Industries, Hempel A/S, Sherwin-Williams, Axalta, RPM International Inc., Kansai Paint Co. Ltd.
Industrial Liquid Coatings Market
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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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AkzoNobel
2. Hempel A/S
3. RPM International Inc.
4. Axalta
5. Baril Coatings
6. PPG Industries
7. Cardinal Paints & Powder
8. Sherwin-Williams
9. Kansai Paint Co. Ltd.
10. Nippon Paint Holdings Co., Ltd.
11. Advance Paints Pvt. Ltd.
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Growth in the global oil & gas sector coupled with supportive government policies of emerging economies to boost manufacturing sector are the prime factor for the growth of industrial liquid coatings market in near future. The coatings are used to provide resistance to corrosion, UV rays, acids, oils and other type of contaminations that can deteriorate metal and hinder the performance of equipments. The product is mainly applied on various industrial metal equipments, components and pipelines.
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
Browse key industry insights spread across 370 pages with 387 market data tables & 24 figures & charts from the report, “Industrial Liquid Coatings Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-liquid-coatings-market
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.
About Global Market Insights
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Global Market Insights, Inc.
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