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Global Industrial Liquid Coatings Market Trends - Industry Share, Size Report 2025 | Key Players are Sherwin-Williams, PPG Industries, AkzoNobel, Hempel A/S, Axalta, RPM International Inc., Kansai Paint Co. Ltd.
Industrial Liquid Coatings Market
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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.
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.
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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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.
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.
Industrial Liquid Coatings Market By Application
• Agriculture & Heavy Equipment
• Oil & Gas pipelines
• Metal Structures
• Water & Wastewater pipelines
• General Industrial
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
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