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Industrial Coatings Market: Global Forecasts until 2022

  • July 2017
  • 187 pages
  • ID: 4998215
In this report:
Asia Pacific accounted for more than ##.##% of the total demand in 2016 and is expected to be the fastest-growing region registering CAGR of ##.##%, in terms of volume, during the forecast period.
In 2017, the market size of industrial coatings is expected to be USD ##.## billion and is projected to reach USD ##.## billion by 2022, at a CAGR of ##.##%, during the forecast period.

Summary

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"The industrial coatings market is estimated to rise at a compound annual growth rate of ~5.9 percent during the forecast period."

The industrial coatings market is estimated to grow ~$131.0B by 2022, at a compound annual growth rate of ~5.9 percent between 2017 and 2022. The market increase can be accredited to the raised demand for industrial coatings from the Asia Pacific area. The overall industrial coatings market is largely driven by the increasing demand from the automotive sector. Economic and demographic rise, growing industrial activities, and increasing urbanization are among the important drivers for the overall industrial coatings market.

Manufacturers are engaged in business expansion to cater the raised demand for industrial coatings. Nevertheless, formulation and implementation of new regulations, including REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and several other directives to control solvent emissions are affecting the increase of the industrial coatings market across the world. The Eurozone crisis of 2012 has also affected the rise of the industrial coatings market globally, as different firms reduced their production as part of their cost-cutting strategy to survive in the sector.

"The Automotive OEM segment is expected to rise at the highest CAGR (Compound annual growth rate) between 2017 and 2022."

By end-user market, the automotive OEM segment is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period. Growing demand for industrial coatings from marine, aerospace, coil coating, transportation, rail coating, general industrial, industrial wood, protective, and packaging sectors is forecasted to drive the overall industrial coatings market during the outlook period.

"APAC was the most important industrial coatings market in 2016."

Asia-Pac was the biggest market for industrial coatings, having accounted for the maximum market share, in terms of quantity, in 2016. Key countries in the Asia Pacific market contain China (CN), Japan (JP), India (IN), and South Korea (KR). The Asia Pacific area is a quickly expanding industrial coatings market, due to the increasing economy and growing middle-class population. This increase is driving the industry demand for industrial products, containing industrial coatings.

Breakup of Primary Interviews:

• By Company category: Tier 1 - 43.0 percent, Tier 2 - 37.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 45.0 percent, D-level - 30.0 percent, and Others - 25.0 percent

• By Area: Asia Pacific (APAC) - 39.0 percent, North America continent - 25.0 percent, EU - 23.0 percent, South America area - 7.0 percent, and Middle East area & African continent - 6.0 percent

AkzoNobel N.V., PPG Industries Inc., Axalta Coatings Systems, BASF Coatings GmbH, The Sherwin-Williams Company, Kansai Paints Co., Limited, Jotun A/S, RPM International, Hempel A/S, and Nippon Paint Holdings Co., Limited are among the key players operating in the industrial coatings market.

Segment Research

This industry report offers a in-depth segmentation of the industrial coatings market established on resin, technology, end-use sector, and area. With respect to resin type, the industrial coatings market has been broken down into polyurethanes, acrylic, polyesters, epoxy, fluoropolymer, alkyd, and others. On the basis of technology, the industry has been split into water-based technology, solvent-based technology, high solids, powder, and others. On the basis of end-use sector, the sector has been divided automotive, aerospace, marine, industrial wood, packaging, protective, general industrial, rail, coil coatings, packaging, transportation, and others. Established on area, the industry has been divided into north america, Europe (EU), Asia Pacific (APAC), South America region, and Middle East (ME) & African continent.

Reasons to Buy the Report

From an insight prospect, this market research has emphasized several levels of analyses - industry, market share research of top players in the industrial coatings market, and company descriptions. These insights together comprise and discuss the basic overviews on the competitive landscape, coming out and high-growth segments of the industrial coatings market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on industrial coatings provided by the top actors in the industrial coatings market

- Product improvement/Modernizations: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the industrial coatings market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the sector for industrial coatings across different regions

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the industrial coatings market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the industrial coatings market

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