The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Industrial Coatings Market (2025-2030):
According to the latest report, the Industrial Coatings Market size is valued at around USD 107.19 billion in 2024 & is projected to reach USD 132.18 billion by 2030. The market is also estimated to grow at a CAGR of around 4.30% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Industrial Coatings Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2020-2023
- Base year: 2024
- Forecast Years: 2025-2030
- CAGR (2025-30): 4.30%
- Market Value in (2024): USD 107.19 Billion
- Market Value in (2030): USD 132.18 Billion
Download a sample PDF of this report to gain insights into the complete report structure : https://www.marknteladvisors.com/query/request-sample/industrial-coatings-market.html
What are the major Driver the Global Industrial Coatings Market?
Expansion of the Automotive Sector to Drive the Industrial Coatings Industry – The growing sales of passenger vehicles worldwide have led to a massive increase in automobile manufacturing worldwide. Furthermore, the growth in consumer expendable income in countries such as India, the Philippines, and other Southeast Asian countries has enhanced the rise by hike in demand for automobiles. Moreover, the sales of luxury cars have also risen substantially as consumers have been changing preferences and rising disposable incomes and there has been a growth in demand for modern automotive technologies utilized in automobiles. In response to the rising demand for luxury vehicles, manufacturers are quickly developing manufacturing facilities across developing regions like the Asia Pacific to manufacture more premium cars in emerging nations.
Henceforth, the intensifying sales of passenger vehicles, especially across developing countries, have significantly contributed to the growth & development of automobile manufacturing across the globe. Hence, the demand for industrial coatings has also significantly increased as a result of the increased manufacturing of high-performance cars, which aim to offer a luxury experience.
Furthermore, market growth is expected to be further supported by the increasing demand for customized vehicle designs and paints. The established automobile manufacturers are planning for future expansion of their production plants to manufacture customized vehicles, which would augment the size & volume of the Industrial Coatings Market in the coming years.
Global Industrial Coatings Market Segmentation
The Industrial Coatings Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Technology
- Water-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Solvent-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Powder-Based Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
- By Resin Type
- Acrylic Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Alkyd Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Epoxy Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyester Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyurethane Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Fluoropolymer Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
- By End-Use Industry
- General Industrial- Market Size & Forecast 2020-2030, (Thousand Tons)
- Marine- Market Size & Forecast 2020-2030, (Thousand Tons)
- Automotive and Vehicle Refinish- Market Size & Forecast 2020-2030, (Thousand Tons)
- Electronics- Market Size & Forecast 2020-2030, (Thousand Tons)
- Aerospace- Market Size & Forecast 2020-2030, (Thousand Tons)
- Oil and Gas- Market Size & Forecast 2020-2030, (Thousand Tons)
- Mining- Market Size & Forecast 2020-2030, (Thousand Tons)
- Power Generation- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Industrial Coatings Market is expected to be dominated by the North America by capturing the potential market share.
Explore further details about this research report-
https://www.marknteladvisors.com/research-library/industrial-coatings-market.html
Top Companies in the Global Industrial Coatings Market
Kansai Paint Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, Llc, Jotun A/S, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Rpm International Inc., Hempel A/S, Basf Coatings Gmbh, Advanced Nanotech Lab, The Chemours Company, Noroo Paint & Coatings, Weilburger Coatings, Beckers Group and others
Global Industrial Coatings Industry Recent Development:
- 2023: Kansai Paint Co. Ltd. announced the acquisition of the global Railway Coatings business assets from Beckers Group´s company for the expansion of its industrial coatings business.
- 2023: PPG Industries, Inc. unveiled a USD 44 billion investment proposal aimed at improving and modernizing five of its powder coating manufacturing plants situated in the United States and Latin America. The initiative is part of PPG’s strategic plan to expand its diverse variety of powder coatings while boosting production capabilities globally, driven by customers’ heightened need for eco-friendly merchandise.
Why Markntel Advisor Report?
Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.
Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
Need personalized insights? Click here to customize this report-
https://www.marknteladvisors.com/query/request-customization/industrial-coatings-market.html
For Further Queries:
MarkNtel Advisors
Call– +1 628 895 8081, +91 120 4278433
Email – sales@marknteladvisors.com
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh – 201301, India
