
Industrial Coatings Market Report 2023-2033
Description
Industrial Coatings Market Report 2023-2033
The Industrial Coatings Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Rising End Use Industries and Growing Demand for Environmentally Friendly Coatings Driving Market Growth
The global industrial coatings market is expected to witness substantial growth during the forecast period, driven by the growing demand from various end-use industries such as general industrial, protective & marine, automotive OEM, automotive refinish, aerospace, packaging, traffic solutions. In electric vehicles (EVs), industrial coatings play a critical role in providing electrical insulation and protecting sensitive components. EVs utilize unique battery systems and electrical components that require coatings with high thermal stability and electrical insulation properties. These coatings help prevent electrical malfunctions, ensure the safety of the vehicle, and optimize its performance. As the demand for EVs continues to rise, the need for specialized coatings tailored to the requirements of electric vehicle technology will increase as well.
As sustainability and environmental consciousness become increasingly important across industries, there is a rising need for coatings that minimize environmental impact, reduce emissions, and promote a greener future. The shift toward environmentally friendly coatings creates a vast opportunity for coating manufacturers to meet this growing demand. Consumers and businesses are actively seeking coatings that have low volatile organic compound (VOC) content, reduced carbon footprint, and are free from hazardous chemicals. These coatings offer benefits such as improved indoor air quality, reduced environmental pollution, and compliance with stringent environmental regulations. With the increasing emphasis on sustainability, industries such as construction, automotive, and manufacturing are actively adopting environmentally friendly practices. As a result, the demand for eco-friendly coatings in these sectors is growing rapidly. Industrial coatings that are water-based, powder-based, or utilize bio-based materials are gaining popularity due to their minimal environmental impact and comparable performance to traditional coatings.
Stringent Regulatory Requirements
Regulatory bodies around the world have imposed strict guidelines and standards to ensure the safety of coatings, protect human health, and minimize environmental impact. These regulations pose challenges for coating manufacturers in terms of compliance, product formulation, and testing. Stringent regulatory requirements often involve restrictions on the use of certain chemicals, particularly those classified as volatile organic compounds (VOCs) or hazardous substances. VOCs are known to contribute to air pollution and have adverse effects on human health and the environment. As a result, regulations limit the allowable VOC content in coatings, pushing manufacturers to develop low-VOC or even zero-VOC formulations. Compliance with such regulations requires significant investment in research and development to find suitable alternatives and adapt formulations accordingly.
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Forecasts to 2033 and other analyses reveal commercial prospects
Segments Covered in the Report
Chemistry
North America
Leading companies and the potential for market growth
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Table of Contents
371 Pages
- 1 Report Overview
- 1.1 Objectives of the Study
- 1.2 Introduction to Industrial Coatings Market
- 1.3 What This Report Delivers
- 1.4 Why You Should Read This Report
- 1.5 Key Questions Answered by This Analytical Report
- 1.6 Who is This Report for?
- 1.7 Methodology
- 1.7.1 Market Definitions
- 1.7.2 Market Evaluation & Forecasting Methodology
- 1.7.3 Data Validation
- 1.7.3.1 Primary Research
- 1.7.3.2 Secondary Research
- 1.8 Frequently Asked Questions (FAQs)
- 1.9 Associated Visiongain Reports
- 1.10 About Visiongain
- 2 Executive Summary
- 3 Market Overview
- 3.1 Key Findings
- 3.2 Market Dynamics
- 3.2.1 Market Driving Factors
- 3.2.1.1 Performance Recovery in the Automotive Sector
- 3.2.1.2 Growing Marine Fleet Size Along with the Shipment
- 3.2.1.3 Rising Aerospace Sector Coupled with New Commercial Aircraft Orders
- 3.2.1.4 Increasing Demand of Coatings in Packaging Industry Especially in Beverage Can
- 3.2.2 Market Restraining Factors
- 3.2.2.1 Stringent Regulatory Requirements
- 3.2.2.2 Fluctuating Raw Material Availability & Costs
- 3.2.3 Market Opportunities
- 3.2.3.1 Double Digit Growth in Electric Vehicle Sales
- 3.2.3.2 Growing Demand for Environmentally Coatings
- 3.2.3.3 Advancements in Coating Technologies
- 3.3 COVID-19 Impact Analysis
- 3.4 Porter’s Five Forces Analysis
- 3.4.1 Bargaining Power of Suppliers - Moderate
- 3.4.2 Bargaining Power of Buyers - High
- 3.4.3 Competitive Rivalry - High
- 3.4.4 Threat from Substitutes - Moderate
- 3.4.5 Threat of New Entrants - Moderate
- 3.5 PEST Analysis
- 4 Industrial Coatings Market Analysis by Chemistry
- 4.1 Key Findings
- 4.2 Chemistry Segment: Market Attractiveness Index
- 4.3 Industrial Coatings Market Size Estimation and Forecast by Chemistry
- 4.4 Acrylic-based Industrial Coatings
- 4.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.4.2 Market Share by Region, 2023 & 2033 (%)
- 4.5 Polyurethane-based Industrial Coatings
- 4.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.5.2 Market Share by Region, 2023 & 2033 (%)
- 4.6 Alkyd-based Industrial Coatings
- 4.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.6.2 Market Share by Region, 2023 & 2033 (%)
- 4.7 Epoxy-based Industrial Coatings
- 4.7.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.7.2 Market Share by Region, 2023 & 2033 (%)
- 4.8 Vinyl-based Industrial Coatings
- 4.8.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.8.2 Market Share by Region, 2023 & 2033 (%)
- 4.9 Polyester -based Industrial Coatings
- 4.9.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.9.2 Market Share by Region, 2023 & 2033 (%)
- 4.10 Other Chemistries-based Industrial Coatings
- 4.10.1 Market Size by Region, 2023-2033 (US$ Billion)
- 4.10.2 Market Share by Region, 2023 & 2033 (%)
- 5 Industrial Coatings Market Analysis by Technology
- 5.1 Key Findings
- 5.2 Technology Segment: Market Attractiveness Index
- 5.3 Industrial Coatings Market Size Estimation and Forecast by Technology
- 5.4 Solvent-borne
- 5.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.4.2 Market Share by Region, 2023 & 2033 (%)
- 5.5 Water-borne
- 5.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.5.2 Market Share by Region, 2023 & 2033 (%)
- 5.6 Powder Coating
- 5.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.6.2 Market Share by Region, 2023 & 2033 (%)
- 5.7 Other Technologies
- 5.7.1 Market Size by Region, 2023-2033 (US$ Billion)
- 5.7.2 Market Share by Region, 2023 & 2033 (%)
- 6 Industrial Coatings Market Analysis by Application
- 6.1 Key Findings
- 6.2 Application Segment: Market Attractiveness Index
- 6.3 Industrial Coatings Market Size Estimation and Forecast by Application
- 6.4 General Industrial
- 6.4.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.4.2 Market Share by Region, 2023 & 2033 (%)
- 6.5 Protective & Marine
- 6.5.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.5.2 Market Share by Region, 2023 & 2033 (%)
- 6.6 Automotive OEM
- 6.6.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.6.2 Market Share by Region, 2023 & 2033 (%)
- 6.7 Automotive Refinish
- 6.7.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.7.2 Market Share by Region, 2023 & 2033 (%)
- 6.8 Aerospace
- 6.8.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.8.2 Market Share by Region, 2023 & 2033 (%)
- 6.9 Packaging
- 6.9.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.9.2 Market Share by Region, 2023 & 2033 (%)
- 6.10 Traffic Solutions
- 6.10.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.10.2 Market Share by Region, 2023 & 2033 (%)
- 6.11 Others
- 6.11.1 Market Size by Region, 2023-2033 (US$ Billion)
- 6.11.2 Market Share by Region, 2023 & 2033 (%)
- 7 Industrial Coatings Market Analysis by Region
- 7.1 Key Findings
- 7.2 Regional Market Size Estimation and Forecast
- 8 North America Industrial Coatings Market Analysis
- 8.1 Key Findings
- 8.2 North America Industrial Coatings Market Attractiveness Index
- 8.3 North America Industrial Coatings Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 8.4 North America Industrial Coatings Market Size Estimation and Forecast by Country
- 8.5 North America Industrial Coatings Market Size Estimation and Forecast by Chemistry
- 8.6 North America Industrial Coatings Market Size Estimation and Forecast by Technology
- 8.7 North America Industrial Coatings Market Size Estimation and Forecast by Application
- 8.8 U.S. Industrial Coatings Market Analysis
- 8.9 Canada Industrial Coatings Market Analysis
- 9 Europe Industrial Coatings Market Analysis
- 9.1 Key Findings
- 9.2 Europe Industrial Coatings Market Attractiveness Index
- 9.3 Europe Industrial Coatings Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 9.4 Europe Industrial Coatings Market Size Estimation and Forecast by Country
- 9.5 Europe Industrial Coatings Market Size Estimation and Forecast by Chemistry
- 9.6 Europe Industrial Coatings Market Size Estimation and Forecast by Technology
- 9.7 Europe Industrial Coatings Market Size Estimation and Forecast by Application
- 9.8 Germany Industrial Coatings Market Analysis
- 9.9 UK Industrial Coatings Market Analysis
- 9.10 France Industrial Coatings Market Analysis
- 9.11 Italy Industrial Coatings Market Analysis
- 9.12 Spain Industrial Coatings Market Analysis
- 9.13 Russia Industrial Coatings Market Analysis
- 9.14 Rest of Europe Industrial Coatings Market Analysis
- 10 Asia Pacific Industrial Coatings Market Analysis
- 10.1 Key Findings
- 10.2 Asia Pacific Industrial Coatings Market Attractiveness Index
- 10.3 Asia Pacific Industrial Coatings Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 10.4 Asia Pacific Industrial Coatings Market Size Estimation and Forecast by Country
- 10.5 Asia Pacific Industrial Coatings Market Size Estimation and Forecast by Chemistry
- 10.6 Asia Pacific Industrial Coatings Market Size Estimation and Forecast by Technology
- 10.7 Asia Pacific Industrial Coatings Market Size Estimation and Forecast by Application
- 10.8 China Industrial Coatings Market Analysis
- 10.9 Japan Industrial Coatings Market Analysis
- 10.10 India Industrial Coatings Market Analysis
- 10.11 South Korea Industrial Coatings Market Analysis
- 10.12 Australia Industrial Coatings Market Analysis
- 10.13 Rest of Asia Pacific Industrial Coatings Market Analysis
- 11 Latin America Industrial Coatings Market Analysis
- 11.1 Key Findings
- 11.2 Latin America Industrial Coatings Market Attractiveness Index
- 11.3 Latin America Industrial Coatings Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 11.4 Latin America Industrial Coatings Market Size Estimation and Forecast by Country
- 11.5 Latin America Industrial Coatings Market Size Estimation and Forecast by Chemistry
- 11.6 Latin America Industrial Coatings Market Size Estimation and Forecast by Technology
- 11.7 Latin America Industrial Coatings Market Size Estimation and Forecast by Application
- 11.8 Mexico Industrial Coatings Market Analysis
- 11.9 Brazil Industrial Coatings Market Analysis
- 11.10 Rest of Latin America Industrial Coatings Market Analysis
- 12 Middle East & Africa Industrial Coatings Market Analysis
- 12.1 Key Findings
- 12.2 Middle East & Africa Industrial Coatings Market Attractiveness Index
- 12.3 Middle East & Africa Industrial Coatings Market by Country, 2023, 2028 & 2033 (US$ Billion)
- 12.4 Middle East & Africa Industrial Coatings Market Size Estimation and Forecast by Country
- 12.5 Middle East & Africa Industrial Coatings Market Size Estimation and Forecast by Chemistry
- 12.6 Middle East & Africa Industrial Coatings Market Size Estimation and Forecast by Technology
- 12.7 Middle East & Africa Industrial Coatings Market Size Estimation and Forecast by Application
- 12.8 GCC Industrial Coatings Market Analysis
- 12.9 South Africa Industrial Coatings Market Analysis
- 12.10 Rest of Middle East & Africa Industrial Coatings Market Analysis
- 13 Company Profiles
- 13.1 Competitive Landscape, 2022
- 13.2 Strategic Outlook
- 13.3 The Sherwin-Williams Company
- 13.3.1 Company Snapshot
- 13.3.2 Company Overview
- 13.3.3 Financial Analysis
- 13.3.3.1 Net Revenue, 2017-2022
- 13.3.3.2 R&D, 2017-2022
- 13.3.3.3 Segmental Market Shares, 2022
- 13.3.4 Product Benchmarking
- 13.3.5 Strategic Outlook
- 13.4 PPG Industries, Inc.
- 13.4.1 Company Snapshot
- 13.4.2 Company Overview
- 13.4.3 Financial Analysis
- 13.4.3.1 Net Revenue, 2017-2022
- 13.4.3.2 R&D, 201&-2022
- 13.4.3.3 Regional Market Shares, 2022
- 13.4.3.4 Segmental Market Shares, 2022
- 13.4.4 Product Benchmarking
- 13.4.5 Strategic Outlook
- 13.5 AkzoNobel N.V.
- 13.5.1 Company Snapshot
- 13.5.2 Company Overview
- 13.5.3 Financial Analysis
- 13.5.3.1 Net Revenue, 2017-2022
- 13.5.3.2 R&D, 2017-2022
- 13.5.3.3 Regional Market Shares, 2022
- 13.5.3.4 Segmental Market Shares, 2022
- 13.5.4 Product Benchmarking
- 13.5.5 Strategic Outlook
- 13.6 Nippon Paint Holdings Co., Ltd.
- 13.6.1 Company Snapshot
- 13.6.2 Company Overview
- 13.6.3 Financial Analysis
- 13.6.3.1 Net Revenue, 2017-2022
- 13.6.3.2 R&D, 2017-2022
- 13.6.3.3 Regional Market Shares, 2022
- 13.6.3.4 Segmental Market Shares, 2022
- 13.6.4 Product Benchmarking
- 13.6.5 Strategic Outlook
- 13.7 Axalta Coating Systems Ltd.
- 13.7.1 Company Snapshot
- 13.7.2 Company Overview
- 13.7.3 Financial Analysis
- 13.7.3.1 Net Revenue, 2017-2022
- 13.7.3.2 R&D, 2017-2022
- 13.7.3.3 Regional Market Shares, 2022
- 13.7.3.4 Segmental Market Shares, 2022
- 13.7.4 Product Benchmarking
- 13.7.5 Strategic Outlook
- 13.8 Kansai Paint Co., Ltd.
- 13.8.1 Company Snapshot
- 13.8.2 Company Overview
- 13.8.3 Financial Analysis
- 13.8.3.1 Net Revenue, 2017-2022
- 13.8.3.2 R&D, 2018-2022
- 13.8.3.3 Regional Market Shares, 2022
- 13.8.3.4 Segmental Market Shares, 2022
- 13.8.4 Product Benchmarking
- 13.8.5 Strategic Outlook
- 13.9 BASF SE
- 13.9.1 Company Snapshot
- 13.9.2 Company Overview
- 13.9.3 Financial Analysis
- 13.9.3.1 Net Revenue, 2017-2022
- 13.9.3.2 R&D, 2017-2022
- 13.9.3.3 Regional Market Shares, 2022
- 13.9.3.4 Segmental Market Shares, 2022
- 13.9.4 Product Benchmarking
- 13.9.5 Strategic Outlook
- 13.10 Jotun
- 13.10.1 Company Snapshot
- 13.10.2 Company Overview
- 13.10.3 Financial Analysis
- 13.10.3.1 Net Revenue, 2017-2022
- 13.10.3.2 R&D, 2017-2022
- 13.10.3.3 Regional Market Shares, 2022
- 13.10.3.4 Segmental Market Shares, 2022
- 13.10.4 Product Benchmarking
- 13.10.5 Strategic Outlook
- 13.12 RPM International Inc.
- 13.12.1 Company Snapshot
- 13.12.2 Company Overview
- 13.12.3 Financial Analysis
- 13.12.3.1 Net Revenue, 2017-2022
- 13.12.3.2 R&D, 2017-2022
- 13.12.3.3 Regional Market Shares, 2022
- 13.12.3.4 Segmental Market Shares, 2022
- 13.12.4 Product Benchmarking
- 13.12.5 Strategic Outlook
- 13.13 Hempel A/S
- 13.13.1 Company Snapshot
- 13.13.2 Company Overview
- 13.13.3 Financial Analysis
- 13.13.3.1 Net Revenue, 2017-2022
- 13.13.3.2 R&D, 2020-2022
- 13.13.3.3 Regional Market Shares, 2022
- 13.13.3.4 Segmental Market Shares, 2022
- 13.13.4 Product Benchmarking
- 13.13.5 Strategic Outlook
- 13.14 Henkel AG & Co. KGaA
- 13.14.1 Company Snapshot
- 13.14.2 Company Overview
- 13.14.3 Financial Analysis
- 13.14.3.1 Net Revenue, 2017-2022
- 13.14.3.2 R&D, 2017-2022
- 13.14.3.3 Regional Market Shares, 2022
- 13.14.3.4 Segmental Market Shares, 2022
- 13.14.4 Product Benchmarking
- 13.14.5 Strategic Outlook
- 13.15 H.B. Fuller Company
- 13.15.1 Company Snapshot
- 13.15.2 Company Overview
- 13.15.3 Financial Analysis
- 13.15.3.1 Net Revenue, 2017-2022
- 13.15.3.2 Regional Market Shares, 2022
- 13.15.3.3 Segmental Market Shares, 2022
- 13.15.4 Product Benchmarking
- 13.15.5 Strategic Outlook
- 13.16 Chugoku Marine Paints, Ltd.
- 13.16.1 Company Snapshot
- 13.16.2 Company Overview
- 13.16.3 Financial Analysis
- 13.16.3.1 Net Revenue, 2017-2022
- 13.16.3.2 R&D, 2017-2021
- 13.16.3.3 Regional Market Shares, 2021
- 13.16.3.4 Segmental Market Shares, 2022
- 13.16.4 Product Benchmarking
- 13.16.5 Strategic Outlook
- 13.17 Beckers Group
- 13.17.1 Company Snapshot
- 13.17.2 Company Overview
- 13.17.3 Financial Analysis
- 13.17.3.1 Net Revenue, 2017-2022
- 13.17.4 Product Benchmarking
- 13.17.5 Strategic Outlook
- 14 Conclusion and Recommendations
- 14.1 Concluding Remarks from Visiongain
- 14.2 Recommendations for Market Players
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