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Industrial Coatings Market Analysis by Resin Type, Aftermarket Painting, Development Factors , Restraints, Growth Strategy and Forecast by 2029 | Professional Report With SWOT Analysis
Based on previous market performance, the Industrial Coatings market is expected to reach USD 113.8 billion in size by 2029. With a 3.4% CAGR.Industrial Coatings Market Overview:
The market is being driven by rising demand from the general industrial end-use segment. Other end-use industries that use industrial coatings include automotive and car refinishing, electronics, aerospace, oil and gas, mining, marine, and power generation. Coatings for automobiles and refinishing are among the most used industrial coatings. The need for industrial coatings is predicted to rise as the use of refinish coatings for automobile maintenance, repair, and aftermarket painting grows due to visual appearance, surface protection, and corrosion resistance.
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Rapid urbanisation, middle-class development, increased infrastructure, rising disposable incomes, increased propensity to spend extravagantly, and other factors would all contribute to growth. The increased demand for these products can be attributed to a number of factors, including global GDP growth, infrastructure expansion, industrial development, and an increase in the number of building and construction activities.
Based on our expert's analysis the players that are leading the market includes: Akzo Nobel N.V., Axalta Coating Systems, Llc, Jotun As, Ppg Industries Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Rpm International Inc., Tikkurila Oyj, Hempel As. and Others.
The whole market is segmented as follows:
Industrial Coatings Market by Resin Type, 2022 - 2029, (In USD Million)
Polyurethane
Epoxy
Acrylic
Polyester
Alkyd
Fluoropolymer
Others
Industrial Coatings Market by Technology, 2022 - 2029, (In USD Million)
Solvent-Based
Water-Based
Powder
Others
Industrial Coatings Market by End Use Industry, 2022 - 2029, (In USD Million)
General Industrial
Protective
Automotive OEM
Industrial Wood
Automotive Refurnish
Coil
Packaging
Marine
Aerospace
Rail
Industry Developments:
Royal DSM introduced a bio-based self-matting resin in January 2020, which has been well received by coating formulators.
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Industrial Coatings Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Industrial Coatings Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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