Global Industrial Coatings Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts 2017 - 2022

  • ID: 4390052
  • Report
  • Region: Global
  • 173 pages
  • Mordor Intelligence
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The global industrial coatings segment is expected to value at USD 72.82 billion in 2016. It is expected to reach USD 98.84 billion by 2021, growing at a CAGR of 6.3%, during the forecast period.

The major driver for this industry is the growing demand for industrial coatings from the automotive sector. This increase in demand can be attributed to the increased production of automotive, as well as the increasing usage of automotive refinish coatings in the emerging countries. Furthermore, the increasing usage of protective coatings in various industries is expected to drive the market.

The market is divided based on the type into power coatings, water-borne coatings, solvent-borne coatings and radiation-cured coatings. Currently, solvent-borne coatings account for the major share in the market, owing to their better performance compared to other coatings. The water-based coatings segment is expected to witness the highest CAGR, owing to their increasing applications, environment regulations and usage in the developing countries.

The market has been divided based on the end-user into aerospace, automotive, transportation, industrial, wood, consumer durables, marine and other industries. The automotive segment accounted for the highest market share in 2015. With the increase in spending in the aerospace industry, the aerospace segment is expected to witness the highest growth rate during the forecast period. Moreover, the recovering automotive industry in the United States, coupled with increasing production in the developing countries, the automotive segment is expected to witness a considerable growth rate during the forecast period.

The market has been divided geographically into Asia-pacific, North America, Europe, South America and Middle-East & Africa. The Asia-Pacific region accounts for the highest share in the market and is expected to witness the highest CAGR during the forecast period, owing to the presence of the developing countries in the region. However, owing to the maturing market in the region, Europe is expected to witness a slow growth.

The major players in the market are Akzo Nobel, PPG Sherwin-Willaims, Valspar, BASF and Axalta. These companies are increasingly investing in production plants in the developing countries, such as India, China etc.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Description
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.1 Overview
3.2 Industry Value Chain Analysis
3.3 Regulatory Policies Analysis
3.4 Industry Attractiveness Porters 5 Force Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
3.5 Raw Material Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Soaring Demand for Eco-friendly Coatings
4.1.2 Rising Infrastructure Spending
4.1.3 Increasing usage of Corrosion Coatings
4.2 Restraints
4.2.1 Increasing Regulations
4.2.2 VOC Emission Constraints
4.3 Opportunities
4.3.1 Increasing Applications of Powder Coatings
4.3.2 Developing Applications of Water Borne Coatings
4.3.3 Growing Coatings Usage in Developing Markets
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Powder
5.1.2 Solvent Borne
5.1.3 Water Borne
5.1.4 UV Coatings
5.2 By Resin
5.2.1 Acrylics
5.2.2 Epoxy
5.2.3 Fluoropolymers
5.2.4 Plastisols
5.2.5 Polyster
5.2.6 PolyUrethane (PU)
5.2.7 Others
5.3 By Usage
5.3.1 Aerospace
5.3.2 Automotive
5.3.3 Building & Construction
5.3.4 Furniture manufacturing
5.3.5 Home Appliances
5.3.6 Health Care
5.3.7 Marine
5.3.8 Oil & Gas
5.3.9 Protective and powder coatings
5.3.10 Others
6. Regional Analysis (Market size, growth and forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Nordic Countries
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 MEA
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Qatar
6.5.4 Rest of MEA
7. Technological Snapshot
7.1 Current Technologies
7.2 Upcoming Technologies
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations and Agreements
8.3 Vendor Market Share Analysis
8.4 Strategies Adopted by Leading Players
8.5 New Product Launches
9. Company Profiles
9.1 Axalta
9.2 Akzo Nobel (Netherlands)
9.3 Alumax Industrial
9.4 Arkema
9.5 Asian Paints (India)
9.6 BASF SE (Germany)
9.7 Berger Paints
9.8 Carpoly (China)
9.9 Chemetall
9.10 Chugoku Marine Paints (Japan)
9.11 Diamond-Vogel (U.S.)
9.12 DuPont (U.S.)
9.13 Evonik
9.14 Hempel (Denmark)
9.15 Henkel
9.16 Jotun (Norway)
9.17 Kansai Paints (Japan)
9.18 Masco (U.S.)
9.19 Nippon paint (Japan)
9.20 PPG (U.S.)
9.21 RPM International (U.S.)
9.22 Sacal
9.23 Sherwin Williams (U.S.)
9.24 Sika (Switzerland)
9.25 Solvay
9.26 Valspar (U.S.)
9.27 Wacker Chemie
9.28 Yips Chemical (Hong Kong)
9.29 Yung Chi Paint & Varnish Mfg. Co., Ltd.
10. Future Insights
11. Disclaimer
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Note: Product cover images may vary from those shown