Industrial Coatings Market Trends, Top Manufacturers, Opportunities and Forecast to 2030

The Global Industrial Coatings market crossed US$ 105 billion mark in 2022 and is expected to hit US$ 134 billion by 2030, recording a CAGR of 3% during the forecast period.

The report includes an executive summary, regional economic outlook, and summary sections which provide a consistent analysis of the Industrial Coatings Market 2022 - 2030. in addition, the report within the market overview section outlines PLC analysis and PESTLE analysis to provide a thorough analysis of the market. The overview section details Porter's 5 forces analysis that helps to reveal a possible situation of the market by revealing a competitive situation with respect to the Industrial Coatings Market.

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The Industrial Coatings market following are the manufacturers cover -

o ppg asianpaints
o Akzo Nobel N.V.
o Hempel A/S
o Nippon Paint Holdings Co., Ltd.
o The Sherwin-Williams Company

The leading players of the Industrial Coatings industry, their market share, product portfolio, company profiles are covered during this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Industrial Coatings players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and helpful guide to shaping your business growth.

Growing use of industrial coatings in the automotive industry is accelerating the market growth.

Industrial coatings are used in various end-use industries such as aerospace, automotive, wood, packaging, marine, and others. Within these industries, the automotive industry is one such industry, wherein the use of industrial coatings is increasing. Acrylic industrial protective coatings are most commonly used in automotive applications owing to their corrosion resistance and high-gloss characteristics. In addition, many coating products help make vehicles lighter or improve the rolling resistance of tires, which enables the automakers and suppliers to produce fuel-efficient vehicles. All these benefits are leading to an increasing their use in the automotive applications.

In this report, the market has been segmented on the basis of:

• Resin

o Polyurethane
o Acrylic
o Alkyd
o Others

• Technology

o Powder Coating
o Solvent-Borne Coatings
o Water-Borne Coatings
o Others

• End-use Industry

o Aerospace
o Automotive
o Wood
o Packaging
o Marine
o Others

• Region

o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

Recent strategic developments in industrial coatings market

The industrial coatings market has undergone several significant developments, and a few of these have been mentioned below:

• In June 2020, Axalta launched a new industrial powder coating product collection in Mexico. A new product, BE+, does not generate emissions of volatile organic compounds (VOC), requires less time to cure, and uses less energy, which increases productivity while lowering production costs for customers.
• In December 2021, PPG announced an investment of US$ 2.7 million to expand its powder coatings manufacturing capabilities at its facility in Sumaré, in the Brazilian state of São Paulo. The project is expected to increase the plant's production capacity for powder coatings by approximately 40%, beginning in the third quarter of 2022.

This analysis report also presents practical and practical case studies to help you get a clearer understanding of the subject. This analysis report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks within the Industrial Coatings market.

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Table of Contents: Industrial Coatings Market 2022 - 2030

Chapter 1: Overview of Industrial Coatings
Chapter 2: Regional Market Status and Forecast by Regions
Chapter 3: Regional Market Status and Forecast by Types
Chapter 4: Regional Market Status and Forecast by Downstream Industry
Chapter 5: Market driving correlational analysis

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