Global Industrial Coatings Market by Product (Alkyd, Polyurethane, Acrylic, Epoxy, Polyester) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global industrial coatings market was valued at USD 81.5 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 3.0%) between 2020 and 2027. The market is seeing a significant increase in demand from the general industrial sector. The industrial coating is used by many end users, including general industry, automotive, vehicle refinish and electronics. Industrial coatings are used in many applications, including concrete, steel, floors, walls, roofs, and other industrial material. Due to strict VOC regulations and rising environmental concerns, there is a growing demand for powder-based and water-based industrial coatings.
The U.S. is North America's largest market for industrial coatings. The country's improved living standards and infrastructure growth are driving the growth in its general industry. To meet various applications, the general industry needs several types of coatings. The most common industrial coatings used in the general sector include can, steel, wood, high-temperature, chemical and corrosion-resistant, thermal insulation, and protective coats. To ensure durability, anti-corrosion, wear, tear and operational efficiency, industrial coatings can be used in a variety of applications, including construction and agricultural equipment.
The market growth is being impacted by the health and environmental hazards associated with volatile organic chemicals. To limit the negative effects of VOCs on the environment and human health, governments around the world have implemented various safety and environmental regulations like The Occupational Safety and Health Administration and The Environmental Protection Agency.
Technology Insights
With more than 36.0% revenue share, the solvent-borne technology segment was the dominant market player in 2019. The general industry, automotive and oil and gas industries all use solvent-borne industrial coatings. The segment is expected to be limited by strict regulations on VOC emissions, especially in North America and Europe. Due to rapid infrastructure development and a growing general industry sector, solvent-borne coatings will be in high demand in emerging countries like China, India and Brazil. Other technology segments include powder-based and waterborne.
End-use Insights
The largest end-use category was general industrial, which accounted for more than 44.0% revenue share in 2019. In general industry, industrial coatings are used to protect the structure against corrosion and UV radiation and increase its efficiency. The industrial coatings can also improve impact resistance and abrasion resistance.
The general industrial sector is experiencing rapid industrialization, particularly in Asia Pacific, thanks to strong government support for infrastructural developments and increased public-private partnerships. The forecast period will see lucrative opportunities in the industrial coatings market.
Product Insights
Acrylic was the largest product category, accounting for over 35.0% of total revenue share in 2019. Acrylic coatings are used extensively in the construction of steel, industrial site and pipes, as well as automotive, consumer appliances, and other applications.
Its properties include high weather resistance, gloss retention, vapor permeability and UV light resistance. These coatings can be used in a variety of formulations, including waterborne, solvent-borne, and powder-based. Alkyd, polyester, epoxy and other product segments are also available.
Regional Insights
Asia Pacific was the dominant region segment, accounting for over 45.0% revenue share in 2019. It is expected to continue its dominance during the forecast period. Due to rising product demand from end users such as power generation, mining and oil and gas, the region will account for a substantial share of the overall market during the forecast period.
China was the largest market in Asia Pacific in terms of volume and revenue. The region's demand for industrial coatings will be boosted by factors such as the presence of many end-users and rapid industrialization. The recent COVID-19 outbreak is threatening the global industrial sector. Infrastructural development activities have been slowed down worldwide to reduce production and operations. This is expected to further impact the demand for industrial coatings. There are currently a lot of corona virus-positive patients in Italy, Spain and France.
Market Share Insights & Key Companies
With the presence of key players as well as small, medium and large global players around the globe, the market is fragmented. The market is competitive on the basis the quality of the products offered and the technology used to produce industrial coatings. Major players participate in mergers and acquisitions. They also invest in infrastructure development and research and development. The following are some of the major players in the industrial coatings industry:
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Akzo Nobel N.V.
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Axalta Coating Systems, LLC
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Jotun
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PPG Industries, Inc.
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The Sherwin-Williams Company
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Nippon Paint Holdings Co. Ltd.
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Hempel A/S
Up Market Research published a new report titled “Industrial Coatings Market research report which is segmented by Product (Alkyd, Polyurethane, Acrylic, Epoxy, Polyester), By Players/Companies Nippon Paint Holdings Co Ltd, Akzo Nobel NV, Jotun, Axalta Coating Systems LLC, PPG Industries Inc, Hempel A/S, The Sherwin-Williams Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
| Report Attributes | Report Details |
| Report Title | Industrial Coatings Market Research Report |
| By Product | Alkyd, Polyurethane, Acrylic, Epoxy, Polyester |
| By Companies | Nippon Paint Holdings Co Ltd, Akzo Nobel NV, Jotun, Axalta Coating Systems LLC, PPG Industries Inc, Hempel A/S, The Sherwin-Williams Company |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 235 |
| Number of Tables & Figures | 165 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Industrial Coatings Market Report Segments:
The market is segmented by Product (Alkyd, Polyurethane, Acrylic, Epoxy, Polyester).
Industrial Coatings Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Industrial Coatings Market
Overview of the regional outlook of the Industrial Coatings Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Industrial Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Industrial Coatings Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Alkyd
2. Polyurethane
3. Acrylic
4. Epoxy
5. Polyester
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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Reasons to Purchase the Industrial Coatings Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Coatings Market Size & Forecast, 2018-2028
4.5.1 Industrial Coatings Market Size and Y-o-Y Growth
4.5.2 Industrial Coatings Market Absolute $ Opportunity
Chapter 5 Global Industrial Coatings Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Industrial Coatings Market Size Forecast by Product
5.2.1 Alkyd
5.2.2 Polyurethane
5.2.3 Acrylic
5.2.4 Epoxy
5.2.5 Polyester
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Industrial Coatings Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Industrial Coatings Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Industrial Coatings Analysis and Forecast
8.1 Introduction
8.2 North America Industrial Coatings Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Industrial Coatings Market Size Forecast by Product
8.6.1 Alkyd
8.6.2 Polyurethane
8.6.3 Acrylic
8.6.4 Epoxy
8.6.5 Polyester
8.7 Basis Point Share (BPS) Analysis by Product
8.8 Absolute $ Opportunity Assessment by Product
8.9 Market Attractiveness Analysis by Product
Chapter 9 Europe Industrial Coatings Analysis and Forecast
9.1 Introduction
9.2 Europe Industrial Coatings Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Industrial Coatings Market Size Forecast by Product
9.6.1 Alkyd
9.6.2 Polyurethane
9.6.3 Acrylic
9.6.4 Epoxy
9.6.5 Polyester
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
Chapter 10 Asia Pacific Industrial Coatings Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Industrial Coatings Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Industrial Coatings Market Size Forecast by Product
10.6.1 Alkyd
10.6.2 Polyurethane
10.6.3 Acrylic
10.6.4 Epoxy
10.6.5 Polyester
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
Chapter 11 Latin America Industrial Coatings Analysis and Forecast
11.1 Introduction
11.2 Latin America Industrial Coatings Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Industrial Coatings Market Size Forecast by Product
11.6.1 Alkyd
11.6.2 Polyurethane
11.6.3 Acrylic
11.6.4 Epoxy
11.6.5 Polyester
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
Chapter 12 Middle East & Africa (MEA) Industrial Coatings Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Industrial Coatings Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Industrial Coatings Market Size Forecast by Product
12.6.1 Alkyd
12.6.2 Polyurethane
12.6.3 Acrylic
12.6.4 Epoxy
12.6.5 Polyester
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
Chapter 13 Competition Landscape
13.1 Industrial Coatings Market: Competitive Dashboard
13.2 Global Industrial Coatings Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Nippon Paint Holdings Co Ltd
13.3.2 Akzo Nobel NV
13.3.3 Jotun
13.3.4 Axalta Coating Systems LLC
13.3.5 PPG Industries Inc
13.3.6 Hempel A/S
13.3.7 The Sherwin-Williams Company
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Coatings Market Size & Forecast, 2018-2028
4.5.1 Industrial Coatings Market Size and Y-o-Y Growth
4.5.2 Industrial Coatings Market Absolute $ Opportunity
Chapter 5 Global Industrial Coatings Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Industrial Coatings Market Size Forecast by Product
5.2.1 Alkyd
5.2.2 Polyurethane
5.2.3 Acrylic
5.2.4 Epoxy
5.2.5 Polyester
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Industrial Coatings Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Industrial Coatings Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Industrial Coatings Analysis and Forecast
8.1 Introduction
8.2 North America Industrial Coatings Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Industrial Coatings Market Size Forecast by Product
8.6.1 Alkyd
8.6.2 Polyurethane
8.6.3 Acrylic
8.6.4 Epoxy
8.6.5 Polyester
8.7 Basis Point Share (BPS) Analysis by Product
8.8 Absolute $ Opportunity Assessment by Product
8.9 Market Attractiveness Analysis by Product
Chapter 9 Europe Industrial Coatings Analysis and Forecast
9.1 Introduction
9.2 Europe Industrial Coatings Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Industrial Coatings Market Size Forecast by Product
9.6.1 Alkyd
9.6.2 Polyurethane
9.6.3 Acrylic
9.6.4 Epoxy
9.6.5 Polyester
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
Chapter 10 Asia Pacific Industrial Coatings Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Industrial Coatings Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Industrial Coatings Market Size Forecast by Product
10.6.1 Alkyd
10.6.2 Polyurethane
10.6.3 Acrylic
10.6.4 Epoxy
10.6.5 Polyester
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
Chapter 11 Latin America Industrial Coatings Analysis and Forecast
11.1 Introduction
11.2 Latin America Industrial Coatings Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Industrial Coatings Market Size Forecast by Product
11.6.1 Alkyd
11.6.2 Polyurethane
11.6.3 Acrylic
11.6.4 Epoxy
11.6.5 Polyester
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
Chapter 12 Middle East & Africa (MEA) Industrial Coatings Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Industrial Coatings Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Industrial Coatings Market Size Forecast by Product
12.6.1 Alkyd
12.6.2 Polyurethane
12.6.3 Acrylic
12.6.4 Epoxy
12.6.5 Polyester
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
Chapter 13 Competition Landscape
13.1 Industrial Coatings Market: Competitive Dashboard
13.2 Global Industrial Coatings Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Nippon Paint Holdings Co Ltd
13.3.2 Akzo Nobel NV
13.3.3 Jotun
13.3.4 Axalta Coating Systems LLC
13.3.5 PPG Industries Inc
13.3.6 Hempel A/S
13.3.7 The Sherwin-Williams Company
Segments Covered in the Report
The global Industrial Coatings market has been segmented based on
By Product
The global Industrial Coatings market has been segmented based on
By Product
- Alkyd
- Polyurethane
- Acrylic
- Epoxy
- Polyester
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Nippon Paint Holdings Co Ltd
- Akzo Nobel NV
- Jotun
- Axalta Coating Systems LLC
- PPG Industries Inc
- Hempel A/S
- The Sherwin-Williams Company
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