Industrial Coatings Market 2016 Research Study including Technological Innovation, Opportunities, Expected Future Changes and Application by regions from by 2028

The research report on industrial coatings market studies current trends, market financial overview and historical data evaluation based on research insights and market dynamics of industrial coatings market. Global industrial coatings market is thoroughly examined based on global market share, size and revenue projections, calculated by current market performance including drivers, trends, and challenges. The report also includes developments by important companies and manufacturers in the market.

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According to the predictions made in the latest report by Quince Market Insights, industrial coatings market is expected to grow significantly during the forecasting period, with a high CAGR. Increasing demand for eco-friendly coatings and the need for efficient processes & durable coatings with better aesthetics are key factors driving the industrial coatings market.

For various applications, industrial coatings are generally applied on the substrate primarily for protection from external operating conditions. Some of those properties are corrosion resistance, waterproofing, etc.

During the last century, the industrial coatings industry was an emerging market with the production of a variety of resins. Some of these are alkyd, acrylic, polyurethane, epoxy, polyester, and other resins.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. PPG Industries Inc
2. The Sherwin-Williams Company
3. Axalta Coating Systems
4. Kansai Paints Co., Ltd.
5. BASF Coatings GmbH
6. Jotun A/S
7. AkzoNobel N.V.
8. RPM International Inc.
9. Kansai Paint Co.Ltd.
10. Nippon Paint Holdings Co., Ltd.

Segment Insights:

Global industrial coatings market has been segmented based on, by resin type (alkyd, acrylic, polyurethane, epoxy, polyester), by technology (water-based coatings, solvent-based coatings, radiation cured coatings, powder coatings) by end-use industry (automotive, aerospace & defence, industrial & machinery and others) and by region.

By resin type, the acrylic segment is projected to show the higher CAGR in the industrial coatings market during the forecast period. Acrylic resins are a category of plastic substances derived from acrylic acid, methacrylic acid and other related compounds which are thermoplastic or thermosetting. These resins provide excellent resistance against harsh environmental conditions and allow for fast-setting times compared to other resin systems.

A solvent-based coating is estimated to register higher growth in technological segment among others. Solvent-based industrial coatings produce a greater level of gloss relative to water-based coatings. It is added to the substrate surface to prevent corrosion and is more flexible during the curing of the coating than water-based coatings. Solvent-based industrial coatings are used widely in numerous end-user industries such as automotive, marine, aerospace, coil, transportation, and packaging and among others.

By end-use industry the industrial & machinery segment is expected to grow significantly during the forecast period. Everyday uses of industrial coated powder-based products include lighting fixtures, antennas, and electrical components are extensively increasing. Corporate offices use industrial coated file drawers, desk cabinets, laptop computers, and cellular phones based on powder. All these applications propel the growth of industrial coating market.

Some of the key Impact Factors:
o Increasing demand for bio-based coatings
o Industrial growth in developing regions

Regional Analysis:

Based on the region, the industrial coatings market has been segmented into North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

Asia Pacific is expected to account for the largest market share in the global for industrial coatings market because Asia Pacific is considered as the largest customer and supplier of industrial coatings. The easy availability of low-cost labor and raw materials attracts foreign investment, thereby increasing the region's production of industrial coatings.

Some of the major markets in North America and Western Europe are also typical suppliers of chemicals such as specialty chemicals, bulk chemicals, etc. This area has undergone many transformations from end-use industries in terms of the production of chemicals and their respective applications. The major economies in these regions include the USA, Germany, the United Kingdom, France, Canada, Italy, Spain, and so on.
Market Segmentation:

By Resin Type:
Alkyd
Acrylic
Polyurethane
Epoxy
Polyester

By Technology:
Water-Based Coatings
Solvent Based Coatings
Radiation Cured Coatings
Powder Coatings

By End-use Industry:
Automotive
Aerospace & Defence
Industrial & Machinery
Others

By Region:
North America
By Country (US, Canada, Mexico)
By Resin Type
By Technology
By End-Use Industry
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Resin Type
By Technology
By End-Use Industry
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Resin Type
By Technology
By End-Use Industry
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Resin Type
By Technology
By End-Use Industry
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Resin Type
By Technology
By End-Use Industry
Rest of the World
By Region (South America, Africa)
By Resin Type
By Technology
By End-Use Industry

Reasons to buy this report:
o Market size estimation of industrial coatings on a regional and global basis
o The unique research design for market size estimation and forecasts
o Profiling of the major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet the specific requirements:
o By segment
o By sub-segment
o By region/country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.