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Global Industrial Coatings Market Size, Growth & Industry Report to 2026

06-16-2020 12:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The market for industrial coatings is projected to grow with the increasing application of coatings in various industries such as automotive, aerospace, general industrial and others. The increasing development of advanced technologies across every sector has led to the rapid emergence of industrial sector across the globe. The machineries and machine components are widely used in the emerged and emerging economies such as Japan and China, for the up-heaving introduction of novel goods and services. However, to provide mechanical strength to the machine parts, a industrial coating is increasingly being applied on metallic surfaces. Through industrial coatings application, the machine tool delivers enhanced life services to arbors and spindles, and, among others. It provides heat and electrical insulation to bearings, seal areas of spindles, along with contact faces of arbors, are some wide applications of coating in industries.

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Moreover, apart from original equipment manufacturing, the industrial coating is used by industry players in refurbishing of spindles, arbors, and other machine tools. The industrial coating provides protection to the onshore structural steel parts such as bridges, factories, buildings, and industrial plants, where the corrosion of the metal parts is considered as a major hazard. Moreover, the industrial coatings are applied on stainless steel to extend its lifetime and in the maintenance of its efficiency over the period. The solid oxide fuel cells (SOFCs) are used to in the function of electro-chemical oxidation of hydrogen and hydrocarbon fuels, which generates heat and electricity.

A Full Report of Global Industrial Coatings Market is Available at: https://www.omrglobal.com/industry-reports/industrial-coatings-market

In aerospace industry, there are a range of companies that are producing spacecrafts, private aircrafts, and commercial military aircrafts. Military expenditure regularly being increasing in many countries such as the US and China, as to provide exceptional safety and security to the country. Moreover, the rising disposable income in emerging economies such as India and China, is significantly propelling the growth of commercial aircraft market. In spacecrafts and aircrafts, the industrial coating is applied to gas turbine engines, as they are being encountered to high combustion temperatures. Therefore, aerospace industry has significant application of industrial coatings that further contribute in the growth of the market.

The efficiency of turbines is strongly interrelated with combustion temperature via the extensiveness of the combustion reaction. At lower temperature combustion, only few hydrocarbon bonds get break, which, however, produces less thrust at more fuel. Industrial coatings are widely used in aviation industry, as it offers protection to nickel-based superalloys from thermal cycling and melting in aviation turbines. Moreover, in order to avoid issues associated with the superalloy’s melting point, many researchers are engaged in the development of ceramic-matrix composites (CMCs), as these composites have an ability of bearing high-temperature. Generally, these composites are developed from fiber-reinforced Silicon carbide coating (SiC).

Global Industrial Coatings Market Segmentation

By Resin Type

Acrylic
Polyester
Polyurethane
Epoxy
Others (Alkyd)

By End-User

Aerospace
Automotive
General Industrial
Marine
Wood
Others ( Electronics)

Global Industrial Coatings Market – Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/industrial-coatings-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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