Global Industrial Coatings Market Analysis by top key players Wacker Chemie AG, AkzoNobel NV, The Sherwin-Williams Co., PPG Industries, Axalta Coating Systems, Arkema SA, BASF Coatings, Kansai Paints, Jotun A/S, RPM International, Hempel A/S, Nippon Paint

The industrial coatings can be defined as a covering applied over a surface of varied industrial parts to ensure protection from external environment that could damage the functionality or integrity of an item or part. These coatings are the medium to impart numerous chemical attributes, corrosion resistance, enhanced structure, and augmented durability of the part.
Restraints

Increasing environment concerns due to emissions of harmful VOC from traditional coatings, strict government regulations against the use & disposal ofpetrochemicals and solvent-based coatings are the major drawbacks for this market. The volatile prices of raw materials is also a major restraining factor as most of commercially available industrial coatings are derived from petrochemicals which are subjected to volatile crude oil prices.

Market Segmentation
The various market segments can be derived on the basis of resin, technology and end use industry.
On the Basis of Resin:
--> Polyurethanes
--> Acrylic
--> Polyesters
--> Epoxy
--> Fluoropolymer
--> Alkyd
--> Others
On the Basis of Technology:
--> Water-based
--> Solvent-based
--> High Solids
--> Powder
--> Others
On the Basis of End use industry:
--> Automotive OEM
--> Automotive Refinish
--> General Industrial
--> Rail
--> Coil
--> Protective
--> Packaging
--> Marine
--> Aerospace
--> Transportation
--> Industrial Wood
--> Mining

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Regional/Geographic Analysis
North America was the largest consumer of industrial coatings in 2013 and is estimated to lose market share to high growth regions of Asia Pacific except Japan (APEJ) and Middle East & Africa. Asia-Pacific is expected to lead the market and Europe is estimated to be the third largest market. Improving infrastructure along with favourable government initiatives to facilitate FDI flow in countries such as China and India is estimated to drive industrial coatings demand in this region. Future demands are estimated to come from economies such as Brazil, South Africa, U.S., Spain, France and India. The growth of the regional market is expected to be driven further by Russia, where the construction industry has witnessed a boom in recent years, thereby resulting in increased demand for the product.

Key Players
Wacker Chemie AG, AkzoNobel NV, The Sherwin-Williams Co., PPG Industries, Axalta Coating Systems, Arkema SA, BASF Coatings, Kansai Paints, Jotun A/S, RPM International, Hempel A/S, Nippon Paint Holdings

Report Contents:
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

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