Market Demand : Industrial Coatings Market Globally Grow at a CAGR of 5.8% by Revenue During the Forecast Period 2017-2020

ALBANY, NY, March 29, 2017 : Industrial coatings are used on the surfaces of steel, aluminum, wood, and plastic for protection from external factors such as fire, moisture, and corrosion. They are also used for aesthetic purposes. These coatings are used in a wide range of industries, including automotive, construction, and electronics, and are available in four different forms: liquid, powder, pretreatment, and electrocoating.

Technavios analysts forecast the global industrial coatings market to grow at a CAGR of 5.8% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global industrial coatings market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of industrial coatings for applications such as general finishes, automotive original equipment manufacturers (OEMs), automotive refinish, wood coatings, coil coatings, and others.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Industrial Coatings Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
AkzoNobel
Axalta Coating Systems
BASF
PPG Industries
Sherwin-Williams

Other prominent vendors
Jotun
Kansai Paint
Nippon Paint
RPM International
Sika

Market driver
Increase in urbanization and infrastructure investment.
For a full, detailed list, view our report

Market challenge
Fluctuations in raw material costs affecting product costs and operations.
For a full, detailed list, view our report

Market trend
Introduction of fluoropolymer topcoats.
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.