Global Industrial Coatings Market: Industry Size, Share, Growth, Forecasts
Latest
industry research report on: Global Industrial Coatings Market :
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
The report on the global
industrial coatings market is an effort by a group of professional
market research analysts to represent the current scenario and future
prospects to targeted audiences such as manufacturers of industrial
coatings, raw material suppliers, producers of resins and other
feedstock chemicals, government agencies, and various end-use
industries that it caters to, including automotive, rail, aerospace,
transportation, industrial wood, and construction. The paramount
objective of this report was to detect opportunities in the
industrial coatings market and present updates as well as insights
regarding to various segments of the global market.
The report starts-off with an
overview of the global market for industrial coatings, evaluating
market performance in terms of revenue. This is followed by
Transparency Market Research (TMR) analysis of drivers, restraints,
and trends witnessed in the global industrial coatings market. To
evaluate the market size, in-depth secondary research was done for
this report. Data points such as regional splits and market split by
resin, end-use, and technology have been assimilated to arrive at the
market estimates. The report comprises the forecast of the global
revenue generated by sales. TMR has triangulated the data via
different analysis based on supply side, demand side, besides taking
a note of the dynamics of industrial coatings market. In order to
recognize future opportunities as well as make logical predictions of
the market, TMR has not only conducted forecasts in terms of value,
but also evaluates the market on the basis of essential parameters,
such as Year-on-Year (Y-o-Y) growth.
Global
Industrial Coatings Market: Trends and Opportunities
Some
of the key factors augmenting the demand in the global industrial
coatings market are: increasing demand for eco-friendly coatings,
prosperity of construction and automotive industries in Asia Pacific,
increase in demand for coatings with functional benefits, increased
focus on research and development of new products, and recent
advancements such as the introduction of fluoropolymer topcoats and
the emerging field of nanocoatings. On the other hand, strict
regulations against solvent-based coatings and volatility of raw
materials are a few factors reflecting negatively on the global
industrial coatings market.
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Global Industrial Coatings
Market: Segmentations
Based on resin, the global
industrial coatings market has been segmented into epoxy,
polyurethane, polyester, and acrylic. The epoxy segment is growing at
US$732.4 mn annually, and its absolute growth is larger than any
other resin-segment. On the basis of technology-wise, the global
industrial coatings market has been classified into water-based,
solvent-based, powder, and pre-treatment, whereas based on end-use,
the market has been categorized into automotive, general finishes,
wood, heavy duty equipment, coil and extrusion, consumer electronics,
appliances, and transportation. Geographically, the report takes
stock of the potential of industrial coatings market in the regions
of Asia Pacific except Japan (APEJ) including China, India, Malaysia,
Singapore, Thailand, and Australia, North America including the U.S.
and Canada, Latin America including Brazil, Argentina, and Mexico,
Europe including the U.K., Germany, France, Italy, and Nordic, and
the Middle East and Africa including GCC countries, South Africa,
Israel, and Nigeria. The report has also given a separate section on
the country-wide market for industrial coatings in Japan.
Global Industrial Coatings
Market: Competitive Landscape
BASF, AkzoNobel N.V., Nippon
Paint Holdings Co., PPG Industries, Inc., The Sherwin-Williams
Company, RPM International Inc., Kansai Paint Co., Ltd, Axalta
Coating Systems, LLC, The Valspar Corporation, Jotun A/S, NOROO Paint
& Coatings Co., Ltd., Roto Polymers And Chemicals, Weilburger
Coatings GmbH, Milliken & Company, Whitford Corporation, and The
Chemours Company are some of the key companies currently operating in
the global industrial coatings market. The competitive landscape of
this market is largely fragmented, owing to the presence of several
other regional and local players.
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