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2020 Industrial Maintenance Coatings Market by Technology: Solvent-based, Water-based, Powder and Others

11-26-2020 02:12 PM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

The industrial coatings market size is expected to grow from USD 4.0 billion in 2020 to USD 4.9 billion by 2025, at a CAGR of 4.0% during the forecast period. 

ReportsnReports added Industrial Maintenance Coatings Market Research Report created by Report Consultant, which offers detailed insights, revenue details, and other information regarding the global market, and the various trends, drivers, restraints, opportunities, and market till 2028. Industrial Maintenance Coatings Market Report offers detailed information regarding the leading key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. Industrial Maintenance Coatings Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.

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Top Company Profile Analysis in this Report-
Akzo Nobel N.V. (the Netherlands), Jotun A/S (Norway), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Nippon Paint Holdings Co., Ltd (US), Kansai Paint Co., Ltd. (Japan), RPM International Inc. (US), Tikkurila OYJ (Finland), Hempel A/S (Denmark), Axalta Coating Systems, LLC (US), Aremco Products Inc. (US), Monarch Industrial Products (I) Pvt. Ltd.(India), Goa Paints (India), and Continental Coatings Inc. (US).

The market study covers the industrial maintenance coatings market across segments. It aims at estimating the market size and the growth potential of this market, across different segments based on resin type, technology, end-use industry,and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The increasing demand for environmentally-friendly coatings, the need for efficient process and durable coatings with better mechanial properties, need to reduce maintenance  and growing demand from the Asia Pacific region are expected to drive the industrial maintenance  coatings market. However, difficulty in obtaining thin films in powder coatings and the requirement of more drying time for water-based coatings are the major restraining factors for the market.  

Acrylic resin-based industrial maintenance  coatings have high demand, especially in the automotive industry, owing to stringent environmental regulations and the high corrosion resistance of these coatings. Apart from automotive, consumer appliances is the major end-use industry of these coatings. The coatings based on acrylic resins are also being used in wood, transportation, marine, and general industrial applications.

Powder-based industrial coatings are highly efficient with over 98% powder overspray recoverability, more resistant to chipping, scratching, fading, and wearing than other finishes. This process releases negligible VOC into the environment and takes less cure time beyond the cool-down period. Powder-based industrial coatings emit low levels of VOCs, providing superior performance and cost efficiency for applications that require maximum abrasion resistance, and hardness.

The oil & gas industry, that falls under the energy & power sub-segment, is the largest end-user industry of industrial maintenance coatings. Increasing application of industrial maintenance coatings as protective coatings are used to protect the surface of materials from oil, chemicals, light, water, high-temperature fluctuations, and so on are the factors to drive the market growth over the forecast period.

Asia Pacific has emerged as the leading consumer and producer of industrial maintenance coatings due to the growing manufacturing sector in all major economies of the region. Also, the presence of many large, as well as small industrial maintenance coatings producers, is driving the market in the region. The demand for industrial maintenance coatings in APAC is driven majorly by consumption in China. Other Asia Pacific countries such as Vietnam and India are also witnessing significant investments in the automotive and marinesectors to cater to the demand.

Profile break-up of primary participants for the report:
By company type: Tier 1 – 16%, Tier 2 –36%, and Others – 48%
By designation: C Level – 16%, Director Level – 24%, and Others – 60%
By region:Europe – 36%, North America – 24%, Asia Pacific – 20%, the Middle East & Africa – 12%, and South America – 8%

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Reasons to buy the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial maintenance coatings market and the sub segments. This report will also help them understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Furthermore, the stakeholders can understand the pulse of the market and obtain information about key market drivers, restraints, challenges, and opportunities in the market.

Table of Contents in this Report-
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Market Definition And Scope
2.2 Base Number Calculation
Figure 1 Base Number Calculation Approach 1
Figure 2 Base Number Calculation Approach 2
2.3 Forecast Number Calculation
2.4 Market Engineering Process
2.4.1 Top-Down Approach
Figure 3 Market Size Estimation: Top-Down Approach
2.4.2 Bottom-Up Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
2.5 Research Data
Figure 5 Industrial Maintenance Coatings Market: Research Design
2.5.1 Secondary Data
2.5.1.1 Key Data From Secondary Sources
2.5.2 Primary Data
2.5.2.1 Key Data From Primary Sources
2.5.2.2 Key Industry Insights
2.5.2.3 Breakdown Of Primary Interviews
2.6 Market Breakdown And Data Triangulation
Figure 6 Data Triangulation
2.7 Assumptions & Limitations
2.7.1 Research Assumptions
2.7.2 Research Limitations

3 Executive Summary
Table 1 Industrial Coatings Market Snapshot, 2020 Vs. 2025
Figure 7 Epoxy Was The Largest Segment, By Resin Type, Of The Industrial Maintenance Coatings Market In 2019
Figure 8 Solvent-Based To Be The Largest Technology Segment During The Forecast Period 40
Figure 9 Asia Pacific To Lead The Industrial Coatings Market

4 Premium Insights
4.1 Attractive Opportunities In The Industrial Maintenance Coatings Market
Figure 10 Emerging Economies To Offer Lucrative Growth Opportunities For Market Players
4.2 Industrial Coatings Market, By Resin Type
Figure 11 Acrylic Resin To Register The Highest Cagr Over The Forecast Period
4.3 Industrial Maintenance Coatings Market, Developed Vs. Developing Countries
Figure 12 Developing Countries To Grow Faster Than The Developed Countries
4.4 Industrial Maintenance Coatings Market, By End-Use Industry And Key Country
Figure 13 Energy & Power Segment To Account For The Largest Market Share
4.5 Industrial Maintenance Coatings Market, By Major Countries
Figure 14 China To Register The Highest Cagr In The Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Drivers, Restraints, Opportunities, And Challenges In The Industrial Maintenance Coatings Market
5.2.1 Drivers
5.2.1.1 High Demand For Extended Product Lifetime And Reduced Maintenance
5.2.1.2 Inclination Of Facility Managers In Having An Effective Coating Maintenance Plan
5.2.1.3 Increasing Demand For Environment-Friendly Coatings
5.2.1.4 Need For Efficient Processes And Durable Coatings With Enhanced Esthetics
5.2.2 Restraints
5.2.2.1 Difficulty In Obtaining Thin Films In Powder Coatings
5.2.2.2 Requirement Of Higher Drying Period For Water-Based Coatings
5.2.3 Opportunities
5.2.3.1 Attractive Opportunities For Powder Coatings In Shipbuilding And Pipeline Sectors
5.2.3.2 Increasing Use Of Nano-Coatings
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies
Table 2 Allowable Voc Content By The Ozone Transport Commission (Otc), (Grams/Liter)
5.2.4.2 Meeting Performance Standards Set By Conventional Solvent-Borne Technologies
5.2.4.3 Susceptibility Of End Users In The Adoption Of New Technologies
5.3 Porter's Five Forces Analysis
Figure 16 Low Threat Of Backward Integration From Buyers In The Industrial Maintenance Coatings Market
5.3.1 Threat Of Substitutes
5.3.2 Bargaining Power Of Buyers
5.3.3 Threat Of New Entrants
5.3.4 Bargaining Power Of Suppliers
5.3.5 Intensity Of Competitive Rivalry
5.4 Patent Analysis

and more...

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