Global Industrial Coatings Market Size 2018 by Resin Type (Acrylic, Epoxy, Alkyd, Polyurethane, Polyester), by Technology (Solventborne, Waterborne, Powder Coatings and Others), by End-User (Automotive, Aerospace, Marine, Building and Construction, packaging and Protective) Region and Forecast 2019 to 2025
May 2019
Total Pages: 80
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The global industrial coatings market was valued at USD 35.70 billion in 2018. Rising demand for industrial coatings in a plethora of applications such as packaging, fabrication plants, automotive components, and manufacturing equipment is expected to drive the global industrial coatings market size.
.png "Global Industrial Coatings Market Size, 2015-2025 (Kilo Tons, USD Bn)")
Industrial coatings market is expected to accelerate with a CAGR of 5.0% from 2019 to 2025 and is continuously rising, owing to its consumption in numerous applications. Also, these coatings offer excellent resistance to extreme weather conditions and have superior adhesion properties, owing to which their use as primers. Growth of water-borne coatings in comparison to its counterparts, due to shifting trend towards environment friendly products containing low VOC and hazardous air pollutants (HAP) contents is expected to surge the growth of this segment in coming years. Additionally, various end-use industries such as automotive and oil & gas industries have increased their demand for polyurethane based coatings, since they offer excellent robustness to interior and exterior surfaces of automobiles along with low cost of production.
Key segments of the global industrial coatings market
Resin Type Overview, 2015-2025 (KiloTons) (USD Million)
- Acrylic
- Epoxy
- Alkyd
- Polyurethane
- Polyester
Technology Overview, 2015-2025 (Kilo Tons) (USD Million)
- Solvent borne
- Water borne
- Powder coatings
- Others
End-Use Industry Overview, 2015-2025 (Kilo Tons) (USD Million)
- Automotive
- Aerospace
- Marine
- Building and Construction
- Packaging
- Protective
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA
Reasons for the study
- This report study provides an extensive outlook of the industrial coatings industry
- While analyzing the market, we observed that coatings are widely used among automotive and aerospace industries for distinct applications
- APAC is the leading region and the most potential region in the near future on account of rapid growth of automotive and shipbuilding industries in this region
- Industrial coatings market is projected to witness immense growth opportunity in developing regions such as Latin America and Middle East & Africa on account of rising disposable incomes of consumers and growth of economy
What does the report include?
- The study on the global industrial coatings market covers the key dynamic factors such as drivers, restrains, challenges and opportunities
- Also, the global market size has been exhaustively analyzed using the regulatory analysis, value chain analysis and Porter’s Five Forces’ model
- The study covers market estimates segmented on the basis of resin type, technology, end-use industries and geography. Moreover, the study provides coatings penetration among key geographies
- Market sizes and forecast have been provided for all the above-mentioned segments. Paints and coatings study may also include the profiles of key companies operating in the market with a significant global, regional and local presence
Who should buy this report?
This study is beneficial for industry experts and leaders in the global industrial coatings market, who want a thorough analysis and insight about the movement of the coatings industry. The report will benefit:-
- Executives of automotive, aerospace companies that are engaged in the component manufacturing and designing
- Managers/executives/decision makers in financial institutions who are willing to publish current, historic and forecasted data pertaining to consumption of coatings in end-use industries
- Stakeholders, investing firms and venture capitalists who are looking for additional information on the present and future scenario of the industrial coatings market
- Regulatory and governmental bodies, policymakers and financial organizations looking for innovations in automotive and aerospace component designs
Technological Developments:-
Globally, industrial coatings market trends vary with changes in coating regulations. Governments across the globe are forming laws for industrial manufacturers to adhere to policy of zero emissions, and to support this compliance, coatings are expected to play a supporting role. Rapid shift towards low and zero VOC products with high solid content and waterborne coatings as an alternative to solvent-borne continues and expected to contribute to global industrial coatings market size. Use of powder coatings into finishing operations also helps a manufacturer support sustainability initiatives.
Low interest rates, active merger and acquisition market, growth of automotive and aerospace industry and changing regulatory requirements are key economic tailwinds bound to impact the paints and coatings sector. Automotive and aerospace industries are witnessing strong growth since past few months. Sales of light vehicles reached 90.3 million units globally, and this growth in automotive sector to highly drive the industrial coatings market share.
Investments in infrastructure to surge industrial coatings demand
Governments across the globe are actively involving in investments in overall infrastructure industry. For instance, Trump’s administration announced plans to invest heavily in water, energy, transportation and telecommunications sectors. Such initiatives have a direct impact on the chemicals sector, primarily in paints and coatings industry since coatings are widely demanded among structural metal, concrete, machinery and equipment applications. As per The American Society of Civil Engineers, investments worth USD 3.6 is required by 2025, to boost the development of airport, roadways, and other infrastructures.
Countries in developing regions such as Brazil, Saudi Arabia, India and China are moving towards structural reforms and new finance strategies. For instance, Brazilian government is streamlining regulations to attract private investors to build ports and roads. Apart from this, Saudi Arabia is expected to move towards privatization of telecoms and IT infrastructure. Finishing operations of such projects are widely dependent on the paints and coatings industry, thus driving the growth of global industrial coatings market.
Epoxy coatings are thick protective coatings composed of epoxy resins and is widely used for industrial finishes. These coatings provide excellent resistance to heat, light, and corrosive chemicals. This property makes them ideal among industrial manufacturing plants and as coatings for composite materials in marine, electrical and automotive industries. Fusion Bonded epoxy coatings are being widely used for corrosion protection application in steel pipes in the oil and gas sector, concrete reinforcing rebar and water transmission pipelines. Also, use of epoxy coatings in aeronautical industries as an adhesive at the edges of aircraft wings and emerging use as a floor paint or hanger floors are other factors which are expected to drive the growth of epoxy coatings market size.
Epoxy coatings are thick protective coatings composed of epoxy resins and is widely used for industrial finishes. These coatings provide excellent resistance to heat, light, and corrosive chemicals. This property makes them ideal among industrial manufacturing plants and as coatings for composite materials in marine, electrical and automotive industries. Fusion Bonded epoxy coatings are being widely used for corrosion protection application in steel pipes in the oil and gas sector, concrete reinforcing rebar and water transmission pipelines. Also, use of epoxy coatings in aeronautical industries as an adhesive at the edges of aircraft wings and emerging use as a floor paint or hanger floors are other factors which are expected to drive the growth of epoxy coatings market size.
Rebounding growth of the architectural applications and the construction industry is poised to impact positively the growth of infrastructure development in developing economies such as Brazil, Chile, Mexico in the Latin America and China, India, and others in Asia Pacific. Asia-Pacific industrial coatings market crossed USD 18.0 billion in 2018 and expected to witness significant growth in coming years. Also, rise of coil coatings demand in manufacturing industries in this region is expected to steer the waterborne coatings demand and in turn the global industrial coatings market size. Growing public concern and regulations over the limit of VOC content by various governments has also increased the demand for the waterborne coatings, since VOC’s produces toxic fumes, which leads to the ozone layer depletion and poses recurring health risks.
.png "Asia-Pacific Industrial Coatings Market Size, 2015-2025 (Kilo Tons, USD Bn)")
The Middle East and Africa (MEA) industrial coatings market is witnessing sharp growth since the past few years due to rise of civil constructions and infrastructure sector in key economies. Shifting trend of governments of GCC countries from oil based economy to other revenue generating industries such as pharmaceuticals and education is expected to spur infrastructure development projects in the region. Also, upward trend of Middle Eastern countries such as UAE, Turkey, etc as an attractive tourist destinations is also expected to boost the growth of industrial coatings market size in this region. This trend is also expected to drive the use green and self-cleaning coating technologies throughout the forecast period.
The global industrial coatings market was valued at USD 35.70 billion in 2018. Rising demand for industrial coatings in a plethora of applications such as packaging, fabrication plants, automotive components, and manufacturing equipment is expected to drive the global industrial coatings market size.
Industrial coatings market is expected to accelerate with a CAGR of 5.0% from 2019 to 2025 and is continuously rising, owing to its consumption in numerous applications. Also, these coatings offer excellent resistance to extreme weather conditions and have superior adhesion properties, owing to which their use as primers. Growth of water-borne coatings in comparison to its counterparts, due to shifting trend towards environment friendly products containing low VOC and hazardous air pollutants (HAP) contents is expected to surge the growth of this segment in coming years. Additionally, various end-use industries such as automotive and oil & gas industries have increased their demand for polyurethane based coatings, since they offer excellent robustness to interior and exterior surfaces of automobiles along with low cost of production.
Key segments of the global industrial coatings market
Resin Type Overview, 2015-2025 (KiloTons) (USD Million)
- Acrylic
- Epoxy
- Alkyd
- Polyurethane
- Polyester
Technology Overview, 2015-2025 (Kilo Tons) (USD Million)
- Solvent borne
- Water borne
- Powder coatings
- Others
End-Use Industry Overview, 2015-2025 (Kilo Tons) (USD Million)
- Automotive
- Aerospace
- Marine
- Building and Construction
- Packaging
- Protective
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA
Reasons for the study
- This report study provides an extensive outlook of the industrial coatings industry
- While analyzing the market, we observed that coatings are widely used among automotive and aerospace industries for distinct applications
- APAC is the leading region and the most potential region in the near future on account of rapid growth of automotive and shipbuilding industries in this region
- Industrial coatings market is projected to witness immense growth opportunity in developing regions such as Latin America and Middle East & Africa on account of rising disposable incomes of consumers and growth of economy
What does the report include?
- The study on the global industrial coatings market covers the key dynamic factors such as drivers, restrains, challenges and opportunities
- Also, the global market size has been exhaustively analyzed using the regulatory analysis, value chain analysis and Porter’s Five Forces’ model
- The study covers market estimates segmented on the basis of resin type, technology, end-use industries and geography. Moreover, the study provides coatings penetration among key geographies
- Market sizes and forecast have been provided for all the above-mentioned segments. Paints and coatings study may also include the profiles of key companies operating in the market with a significant global, regional and local presence
Who should buy this report?
This study is beneficial for industry experts and leaders in the global industrial coatings market, who want a thorough analysis and insight about the movement of the coatings industry. The report will benefit:-
- Executives of automotive, aerospace companies that are engaged in the component manufacturing and designing
- Managers/executives/decision makers in financial institutions who are willing to publish current, historic and forecasted data pertaining to consumption of coatings in end-use industries
- Stakeholders, investing firms and venture capitalists who are looking for additional information on the present and future scenario of the industrial coatings market
- Regulatory and governmental bodies, policymakers and financial organizations looking for innovations in automotive and aerospace component designs
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.3. Porter’s Five Forces’ analysis
3.4. PESTEL analysis
3.5. Value Chain Analysis
3.6. Patent Analysis
Chapter 4. Market Overview, By Resin Type
4.1. Global industrial coatings market share, by resin type, 2018 & 2025
4.2. Acrylic
4.2.1. Market size and projections, 2015-2025
4.3. Epoxy
4.3.1. Market size and projections, 2015– 2025
4.4. Alkyd
4.4.1. Market size and projections, 2015– 2025
4.5. Polyurethane
4.5.1. Market size and projections, 2015– 2025
4.6. Polyester
4.6.1. Market size and projections, 2015– 2025
Chapter 5. Market Overview, By Technology
5.1. Global industrial coatings market share, by technology, 2018 & 2025
5.2. Solvent-Borne
5.2.1. Market size and projections, 2015– 2025
5.3. Water-Borne
5.3.1. Market size and projections, 2015– 2025
5.4. Powder Coatings
5.4.1. Market size and projections, 2015– 2025
5.5. Others
5.5.1. Market size and projections, 2015– 2025
Chapter 6. Market Overview, By End-Use Industry
6.1. Global industrial coatings market share, by end-use industry, 2018 & 2025
6.2. Automotive
6.2.1. Market size and projections, 2015– 2025
6.3. Aerospace
6.3.1. Market size and projections, 2015– 2025
6.4. Marine
6.4.1. Market size and projections, 2015– 2025
6.5. Building & Construction
6.5.1. Market size and projections, 2015– 2025
6.6. Packaging
6.6.1. Market size and projections, 2015– 2025
6.7. Protective
6.7.1. Market size and projections, 2015– 2025
Chapter 7. Market Overview, By Region
7.1. Global industrial coatings market share, by region, 2018 & 2025
7.1.1. North America
7.1.1.1. Market size and projections, 2015-2025
7.1.1.2. Market size and projections, by resin type, 2015-2025
7.1.1.3. Market size and projections, by technology, 2015-2025
7.1.1.4. Market size and projections, by end-use industry, 2015-2025
7.1.1.5. US
7.1.1.5.1. Market size and projections, by resin type, 2015-2025
7.1.1.5.2. Market size and projections, by technology, 2015-2025
7.1.1.5.3. Market size and projections, by end-use industry, 2015-2025
7.1.1.6. Rest of North America
7.1.1.6.1. Market size and projections, by resin type, 2015-2025
7.1.1.6.2. Market size and projections, by technology, 2015-2025
7.1.1.6.3. Market size and projections, by end-use industry, 2015-2025
7.1.2. Europe
7.1.2.1. Market size and projections, 2015-2025
7.1.2.1.1. Market size and projections, by resin type, 2015-2025
7.1.2.1.2. Market size and projections, by technology, 2015-2025
7.1.2.1.3. Market size and projections, by end-use industry, 2015-2025
7.1.2.2. France
7.1.2.2.1. Market size and projections, by resin type, 2015-2025
7.1.2.2.2. Market size and projections, by technology, 2015-2025
7.1.2.2.3. Market size and projections, by end-use industry, 2015-2025
7.1.2.3. UK
7.1.2.3.1. Market size and projections, by resin type, 2015-2025
7.1.2.3.2. Market size and projections, by technology, 2015-2025
7.1.2.3.3. Market size and projections, by end-use industry, 2015-2025
7.1.2.4. Germany
7.1.2.4.1. Market size and projections, by resin type, 2015-2025
7.1.2.4.2. Market size and projections, by technology, 2015-2025
7.1.2.4.3. Market size and projections, by end-use industry, 2015-2025
7.1.2.5. Rest of Europe
7.1.2.5.1. Market size and projections, by resin type, 2015-2025
7.1.2.5.2. Market size and projections, by technology, 2015-2025
7.1.2.5.3. Market size and projections, by end-use industry, 2015-2025
7.1.3. Asia Pacific
7.1.3.1. Market size and projections, 2015-2025
7.1.3.1.1. Market size and projections, by resin type, 2015-2025
7.1.3.1.2. Market size and projections, by technology, 2015-2025
7.1.3.1.3. Market size and projections, by end-use industry, 2015-2025
7.1.3.2. India
7.1.3.2.1. Market size and projections, by resin type, 2015-2025
7.1.3.2.2. Market size and projections, by technology, 2015-2025
7.1.3.2.3. Market size and projections, by end-use industry, 2015-2025
7.1.3.3. Japan
7.1.3.3.1. Market size and projections, by resin type, 2015-2025
7.1.3.3.2. Market size and projections, by technology, 2015-2025
7.1.3.3.3. Market size and projections, by end-use industry, 2015-2025
7.1.3.4. China
7.1.3.4.1. Market size and projections, by resin type, 2015-2025
7.1.3.4.2. Market size and projections, by technology, 2015-2025
7.1.3.4.3. Market size and projections, by end-use industry, 2015-2025
7.1.3.5. Rest of APAC
7.1.3.5.1. Market size and projections, by resin type, 2015-2025
7.1.3.5.2. Market size and projections, by technology, 2015-2025
7.1.3.5.3. Market size and projections, by end-use industry, 2015-2025
7.1.4. Latin America
7.1.4.1. Market size and projections, 2015-2025
7.1.4.1.1. Market size and projections, by resin type, 2015-2025
7.1.4.1.2. Market size and projections, by technology, 2015-2025
7.1.4.1.3. Market size and projections, by end-use industry, 2015-2025
7.1.4.2. Brazil
7.1.4.2.1. Market size and projections, by resin type, 2015-2025
7.1.4.2.2. Market size and projections, by technology, 2015-2025
7.1.4.2.3. Market size and projections, by end-use industry, 2015-2025
7.1.4.3. Rest of Latin America
7.1.4.3.1. Market size and projections, by resin type, 2015-2025
7.1.4.3.2. Market size and projections, by technology, 2015-2025
7.1.4.3.3. Market size and projections, by end-use industry, 2015-2025
7.1.5. Middle East & Africa
7.1.5.1. Market size and projections, 2015-2025
7.1.5.1.1. Market size and projections, by resin type, 2015-2025
7.1.5.1.2. Market size and projections, by technology, 2015-2025
7.1.5.1.3. Market size and projections, by end-use industry, 2015-2025
7.1.5.2. GCC
7.1.5.2.1. Market size and projections, by resin type, 2015-2025
7.1.5.2.2. Market size and projections, by technology, 2015-2025
7.1.5.2.3. Market size and projections, by end-use industry, 2015-2025
7.1.5.3. Rest of MEA
7.1.5.3.1. Market size and projections, by resin type, 2015-2025
7.1.5.3.2. Market size and projections, by technology, 2015-2025
7.1.5.3.3. Market size and projections, by end-use industry, 2015-2025
Chapter 8. Competitive Landscape
8.1. Company Market Share/ Top Player Positioning, 2018
8.2. Competitive strategies
Chapter 9. Company Profiles
9.1. PPG Industries
9.1.1. Company overview
9.1.2. Product portfolio
9.1.3. Key developments
9.1.4. Financial performance
9.2. DowDuPont
9.2.1. Company overview
9.2.2. Product portfolio
9.2.3. Key developments
9.2.4. Financial performance
9.3. BASF S.E.
9.3.1. Company overview
9.3.2. Product portfolio
9.3.3. Key developments
9.3.4. Financial performance
9.4. AkzoNobel N.V.
9.4.1. Company overview
9.4.2. Product portfolio
9.4.3. Key developments
9.4.4. Financial performance
9.5. Nippon Paints NOROO Paints & Coatings
9.5.1. Company overview
9.5.2. Product portfolio
9.5.3. Key developments
9.5.4. Financial performance
9.6. Sherwin-Williams
9.6.1. Company overview
9.6.2. Product portfolio
9.6.3. Key developments
9.6.4. Financial performance
9.7. Valspar
9.7.1. Company overview
9.7.2. Product portfolio
9.7.3. Key developments
9.7.4. Financial performance
9.8. Evonik Industries AG
9.8.1. Company overview
9.8.2. Product portfolio
9.8.3. Key developments
9.8.4. Financial performance
9.9. Sika AG
9.9.1. Company overview
9.9.2. Product portfolio
9.9.3. Key developments
9.9.4. Financial performance
9.10. Axalta Coating Systems Ltd.
9.10.1. Company overview
9.10.2. Product portfolio
9.10.3. Key developments
9.10.4. Financial performance