Industrial Coatings Market: Future Perspectives in the Industrial Coatings Sector: A Market Overview

Market Overview:

Industrial coatings are functional protective aesthetic surface treatments used on a variety of materials such as wood, plastic, and metal to improve durability, functionality and appearance. They shield substrates from corrosion, oxidation, UV radiation and provide anti-slip and anti-corrosion properties.

Get Sample Report with Global Industry Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/4437

Major Players Are:

✤ Akzo Nobel N.V.
✤ Axalta Coating Systems
✤ BASF Coatings
✤ Beckers Group
✤ Berger Paints India Limited
✤ Chugoku Marine Paints Ltd.
✤ Hempel A/S
✤ Jotun
✤ Kansai Paint Co., Ltd.,
✤ KCC Corporation
✤ NIPSEA Group
✤ PPG Industries Inc.
✤ Teknos Group
✤ The Chemours Company
✤ The Sherwin-Williams Company

Market Dynamics:

The agricultural robots market is witnessing high growth owing to rising labor costs. Agricultural robots can perform farming tasks autonomously without requiring human labor inputs, thereby reducing production costs for farmers. Furthermore, growing government support in the form of favorable policies and subsidies for the adoption of agricultural robots is also fueling market growth. For instance, the European Union provides financial assistance up to 60% of the total cost of agricultural robotic projects. In addition, advancements in robotics, AI and computer vision technologies have improved the functionality of agricultural robots, allowing them to conduct complex tasks such as weed control, fruit picking and soil scanning. This is increasing their demand among farmers.

Segmentation

Global Industrial Coatings Market, By Category:
Water-borne
Solvent-borne
Powder
E-coat
Others
Global Industrial Coatings Market, By Resin Type:
Polyurethanes
Epoxy
Acrylic
Fluoropolymer
Others
Global Industrial Coatings Market, By Application :
Global Industrial Equipment
Agriculture Equipment
Construction Equipment
Other Industrial Equipment
Automotive Coatings
Coil & Extrusion
Energy & Power
Packaging
Marine
Aerospace
Rail
Others

Regional Analysis for Industrial Coatings Market:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Direct Buy Copy of This Business Research Report: https://www.coherentmarketinsights.com/insight/buy-now/4437

Industrial Coatings Market Drivers

Increasing Demand from Automotive Industry

The automotive industry has been one of the major end-users of industrial coatings globally. The increasing automobile production across the world is driving the growth of the industrial coatings market. Coatings play a vital role in automotive manufacturing as they help provide protection and decoration to vehicle exteriors and interiors. Powder coatings and solvent-borne coatings find widespread applications in automotive OEM and aftermarkets. With rising vehicle ownership, especially in developing nations, the demand for automotive coatings is expected to continue surging over the coming years.

Growth of Infrastructure Sector

Construction activities across residential, commercial, and industrial segments have picked up momentum globally. Various structures like bridges, tunnels, railings, towers, etc. require protective and decorative coating solutions to shield them from environmental degradation. Coatings provide resistance against corrosion, weathering, and other conditions to infrastructure materials. Moreover, the coating of infrastructure improves aesthetics. Many countries are undertaking massive infrastructure development projects, which is generating substantial demand for industrial coatings designed for infrastructure applications.

Industrial Coatings Market Restrain

Stringent Environmental Regulations

Growing environmental concerns regarding VOCs emitted from solvent-borne coating systems have led regulatory bodies to impose stringent norms on coating vendors globally. Strict laws on VOC content, usage of hazardous chemicals, and emission control during coating application processes increase compliance cost for manufacturers. Many regions have banned the use of hazardous solvents in coatings. Shift towards environment-friendly and sustainable coating technologies like powder and water-borne systems is helping minimize regulatory pressures. However, compliance with dynamic environment norms continues to pose regulatory challenges.

Industrial Coatings Market Opportunity

Demand in Emerging Economies

Developing countries in Asia Pacific, Latin America, Africa, and the Middle East are anticipated to drive high growth in the industrial coatings market. factors like rapid industrialization, infrastructural developments, and rising living standards in emerging nations have boosted the requirements of protective, functional, and decorative coating systems. Markets like China, India, Indonesia, Mexico, Nigeria, and others offer abundant opportunities for industrial coatings vendors. Global majors are making investments and strategic collaborations to capitalize on the incremental demand from emerging regions. Increasing overseas activities of multinational companies also drive the export of industrial coatings globally.

Industrial Coatings Market Trends

Growing Popularity of Powder Coatings

Powder coatings have emerged as one of the most promising trends in the industrial coatings industry. They offer properties like controlled film thickness, high efficiency, zero/low VOCs, durability, energy-saving, extensive color/finishing options. Growing acceptance of powder coating technology in varied end-use industries like appliances, automotive, furniture, and construction is fueling market revenues. Manufacturers are continuously improving powder coating resins like epoxy, polyester, and hybrid to expand their use across applications. Development of nano-particle incorporated powder coatings with enhanced performance characteristics also supports the trend. Prospects of powder coatings in pipe coating and infrastructure applications remain high.

Why Choose This Report:

→» A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
→» Data on market value for each section and sub-segment
→» Indicates the region and market segment that is likely to expand the fastest and dominate the market.
→» The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
→» The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.

For More Customized Data, Request for Report Customization @ https://www.coherentmarketinsights.com/insight/request-customization/4437

FAQ's

What are the key factors hampering growth of the Industrial Coatings Market?
What are the major factors driving the Market growth?
Which is the leading component segment in the Market?
Which are the major players operating in the Market?
Which region will lead the Market?

Table of Content (TOC):

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Industrial Coatings Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Industrial Coatings Industry Impact

Chapter 2 Global Industrial Coatings Competition by Types, Applications, and Top Regions and Countries
2.1 Global Industrial Coatings (Volume and Value) by Type
2.3 Global Industrial Coatings (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Industrial Coatings Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Industrial Coatings Market Analysis
Chapter 6 East Asia Industrial Coatings Market Analysis
Chapter 7 Europe Industrial Coatings Market Analysis
Chapter 8 South Asia Industrial Coatings Market Analysis
Chapter 9 Southeast Asia Industrial Coatings Market Analysis
Chapter 10 Middle East Industrial Coatings Market Analysis
Chapter 11 Africa Industrial Coatings Market Analysis
Chapter 12 Oceania Industrial Coatings Market Analysis
Chapter 13 South America Industrial Coatings Market Analysis
Chapter 14 Company Profiles and Key Figures in Industrial Coatings Business
Chapter 15 Global Industrial Coatings Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued....

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame
CA 94010, United States
Email: sales@coherentmarketinsights.com
Phone: U.S.: +1-206-701-6702
U.K.: +44-020-8133-4027
JAPAN: +81-50-5539-1737
INDIA: +91-848-285-0837

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.