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Industrial Coatings Market by Resin (Polyurethane, Epoxy, Acrylic, Alkyd), Technology (Solvent-based, Water-based, Powder), End-Use Industry (General Industrial, Protective, Automotive, Aerospace, Wood, Packaging), and Region - Global Forecast to 2025

  • ID: 5131062
  • Report
  • July 2020
  • Region: Global
  • 245 Pages
  • Markets and Markets
The Industrial Coatings Market Size is Expected to Grow from USD 85.2 Billion in 2020 to USD 103.2 Billion by 2025, at a CAGR of 3.9% During the Forecast Period

FEATURED COMPANIES

  • Akzo Nobel N.V.
  • Hempel A/S
  • Jotun A/S
  • Kansai Paint Co. Ltd.
  • Noroo Paint & Coatings
  • PPG Industries Inc.

The industrial coatings market is projected to register a CAGR of 3.9%, in terms of value, between 2020 and 2025.

The increasing demand for environmentally-friendly coatings, the need for efficient process and durable coatings with better aesthetics, and growing demand from the APAC region are expected to drive the industrial coatings market. However, difficulty in obtaining thin films in powder coatings and the requirement of more drying time for water-based coatings are the major restraining factors for the market.  

Acrylic is projected to be the fastest growing resin chemistry during the forecast period.

Acrylic resin-based industrial coatings have high demand, especially in the automotive industry, owing to stringent environmental regulations and the high corrosion resistance of these coatings. Apart from automotive, consumer appliances is the major end-use industry of these coatings. The coatings based on acrylic resins are also being used in wood, transportation, marine, and general industrial applications.

Powder-based industrial coatings are expected to be the fastest-growing technology during the forecast period

Powder-based industrial coatings are highly efficient with over 98% powder overspray recoverability, more resistant to chipping, scratching, fading, and wearing than other finishes. This process releases negligible VOC into the environment and takes less cure time beyond the cool-down period. Powder-based industrial coatings emit low levels of VOCs, providing superior performance and cost efficiency for applications that require maximum abrasion resistance, and hardness.

Increasing consumption of industrial coatings in general industrial and automotive industries is expected to fuel the demand for industrial coatings

The general industrial and automotive segments are the largest end-user industries of industrial coatings. Population growth, improved standard of living, infrastructure growth, global GDP growth, and recovery and growth in the construction industry are driving the growth of the general industries. Automotive OEM is an integral part of automotive manufacturing. Coatings offer excellent quality and durability to automotive equipment. Industrial coatings possess superior mechanical properties that protect automobiles from scratches, environment, and chemical exposure. Interior automotive coatings improve the surface area. Increasing automobile production in some parts of the world is expected to drive the demand for industrial coatings.

APAC is expected to register the highest growth during the forecast period.

APAC has emerged as the leading consumer and producer of industrial coatings due to the growing manufacturing sector in all major economies of the region. Also, the presence of many large, as well as small industrial coatings producers, is driving the market in the region. The demand for industrial coatings in APAC is driven majorly by consumption in China. Other APAC countries such as Vietnam and India are also witnessing significant investments in the automotive and marine sectors to cater to the demand.

In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial coatings market.

  • By company type: Tier 1 - 42%, Tier 2 - 25%, and Others - 33%
  • By designation: C Level - 36%, Director Level - 19%, and Others - 45%
  • By region: Europe - 42%, North America - 25%, APAC - 17%, South America - 8%, and the Middle East & Africa - 8%

The industrial coatings market comprises major solution providers such as The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries, Inc. (US), Jotun A/S (Norway), Axalta Coating Systems (US), RPM International Inc. (US), Hempel A/S (Denmark), Tikkurila Oyj (Finland), NOROO Paint & Coatings Co Ltd (South Korea), Kansai Paint Co., Ltd. (Japan), WEILBURGER Coatings GmbH (Germany), The Chemours Company (US), and Teknos Group (Finland). The study includes an in-depth competitive analysis of these key players in the industrial coatings market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The market study covers the industrial coatings market across segments. It aims at estimating the market size and the growth potential of this market, across different segments based on resin type, technology, end-use industry, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall industrial coatings market and the subsegments. This report will also help them understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Furthermore, the stakeholders can understand the pulse of the market and obtain information about key market drivers, restraints, challenges, and opportunities in the market.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Akzo Nobel N.V.
  • Hempel A/S
  • Jotun A/S
  • Kansai Paint Co. Ltd.
  • Noroo Paint & Coatings
  • PPG Industries Inc.

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Market Inclusions
1.2.2 Market Exclusion
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 1 Industrial Coatings Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Data Sources
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.2 Market Size Estimation
Figure 2 Market Estimation: Supply Side
Figure 3 Industrial Coatings Market, by Region
2.3 Data Triangulation
2.4 Assumptions & Limitations
2.4.1 Research Assumptions
2.4.2 Research Limitations

3 Executive Summary
Table 1 Industrial Coatings Market Snapshot, 2020 Vs. 2025
Figure 4 Polyurethane Resin Was the Largest Chemistry Segment Of the Industrial Coatings Market in 2019
Figure 5 Solvent Based to Be the Largest Technology Segment During The Forecast Period
Figure 6 APAC to Lead the Industrial Coatings Market

4 Premium Insights
4.1 Attractive Opportunities in the Industrial Coatings Market
Figure 7 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players
4.2 Industrial Coatings Market, by Resin Type
Figure 8 Acrylic Resin to Be the Largest Segment
4.3 Industrial Coatings Market, Developed Vs. Developing Countries
Figure 9 Developing Countries to Grow Faster Than the Developed Countries
4.4 Industrial Coatings Market, by End-USe Industry and Key Countries
Figure 10 General Industrial Segment to Account for the Largest Market Share
4.5 Industrial Coatings Market, by Major Countries
Figure 11 India to Register the Highest CAGR in the Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 12 Drivers, Restraints, Opportunities, and Challenges In the Industrial Coatings Market
5.2.1 Drivers
5.2.1.1 Increasing Demand for Environmentally Friendly Coatings
5.2.1.2 Need for Efficient Process and Durable Coatings With Better Esthetics
5.2.1.3 Growing Demand from APAC
5.2.2 Restraints
5.2.2.1 Difficulty in Obtaining Thin Films in Powder Coatings
5.2.2.2 Requirement of More Drying Time for Water-Based Coatings
5.2.3 Opportunities
5.2.3.1 Attractive Prospects for Powder Coatings in Shipbuilding and Pipeline Sectors
5.2.3.2 Increasing USe of Nano-Coatings
5.2.3.3 Continuous Demand for Extended Product Lifetime and Reduced Maintenance
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Policies
5.3 Porter’S Five Forces Analysis
Figure 13 Low Threat of Backward Integration from the Buyers in The Industrial Coatings Market
5.3.1 Threat of Substitutes
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Trends and Impact of Covid-19
6.1 Macroeconomic Overview and Key Trends
6.1.1 Introduction
6.1.2 Trends and Forecast of Gdp
Table 2 Gdp Percentage Change of Key Countries, 2019–2024
6.1.3 Trends and Forecast of Global Automotive Industry
Table 3 Automotive Industry Production (2018-2019)
6.2 Covid-19 Impact
6.3 Covid-19 Economic Assessment
Figure 14 Revised Gdp Forecasts Due to Covid for Select G20 Countries In 2020
6.3.1 Covid-19 Economic Impact – Scenario Assessment
Figure 15 Factors Impacting Economy of Select G20 Countries in 2020
Figure 16 Three Scenarios Based Analysis of Impact of Covid-19 on Business
Figure 17 Impact of Covid-19 on the Paints & Coatings Market

7 Covid-19 Impact on Industrial Coatings Market
7.1 Value Chain of the Industrial Coatings Industry
Figure 18 Industrial Coatings Value Chain
Figure 19 Impact of Covid-19 on the Value Chain Nodes
Figure 20 Industrial Coatings Value Chain: Players at Each Node
7.2 Impact on Value Chain
7.2.1 Raw Materials/Suppliers
7.2.1.1 Impact of Covid-19 on Raw Materials and Suppliers
7.2.1.1.1 Resins
7.2.1.1.2 Pigments
7.2.1.1.3 Solvents
7.2.1.1.4 Additives
7.2.2 Industrial Coatings Formulators
7.2.2.1 Impact of Covid-19 on Formulators
7.2.3 Applicators
7.2.3.1 Impact of Covid-19 on Applicators
7.2.4 Distributors
Table 4 Distributors: Offerings and Services
7.2.4.1 Impact of Covid-19 on Distributors
7.2.5 End-USe Industries
7.2.5.1 Impact of Covid-19 on End-USe Industries
7.3 Customer Analysis
7.3.1 Shift in Automotive Industry
7.3.2 Impact on Customers’ Output & Strategies to Resume/Improve Production
7.3.2.1 Impact on Customers’ Revenues
7.3.2.2 Most Impacted Regions
7.3.2.2.1 Short-Term Strategies to Manage Cost Structure and Supply Chains
7.3.2.3 New Market Opportunities/Growth Opportunities
7.3.2.3.1 Measures Taken by Customers
7.3.2.4 Customers’ Perspective on the Growth Outlook
7.4 Shift in Aerospace Industry
7.4.1 Disruption in the Industry
7.4.2 Impact on Customers’ Output & Strategies to Resume/Improve Production
7.4.3 Impact on Customers’ Revenues
7.4.3.1 Most Impacted Regions
7.4.3.2 Short-Term Strategies to Manage Cost Structure and Supply Chains
7.4.4 New Market Opportunities/Growth Opportunities
7.4.4.1 Measures Taken by Customers
7.4.4.2 Customers’ Perspective on Growth Outlook

8 Industrial Coatings Market, by Resin Type
8.1 Introduction
Figure 21 Polyurethane to Be the Largest Resin Type in 2019
Table 5 Industrial Coatings Market Size, by Resin Type, 2016–2019 (Kiloton)
Table 6 Industrial Coatings Market Size, by Resin Type, 2020–2025 (Kiloton)
Table 7 Industrial Coatings Market Size, by Resin Type, 2016–2019 (USD Million)
Table 8 Industrial Coatings Market Size, by Resin Type, 2020–2025 (USD Million)
8.1.1 Disruption Due to Covid-19
8.2 Polyurethane
8.2.1 Demand for Polyurethane Resins in High-Performance Application is Boosting Their Demand
Table 9 Polyurethane Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 10 Polyurethane Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 11 Polyurethane Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 12 Polyurethane Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)
8.3 Epoxy
8.3.1 Good Dimensional Stability Along With Excellent Electrical Conductivity is Boosting the Demand for Epoxy Resins
Table 13 Epoxy Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 14 Epoxy Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 15 Epoxy Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 16 Epoxy Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)
8.4 Acrylic
8.4.1 Outstanding Physical Properties Are Expected to Drive the Demand for Acrylic Resins
Table 17 Acrylic Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 18 Acrylic Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 19 Acrylic Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 20 Acrylic Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)
8.5 Polyester
8.5.1 Ease of Handling and Low Cost of Polyester Resins Are Driving Their Demand
Table 21 Polyester Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 22 Polyester Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 23 Polyester Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 24 Polyester Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)
8.6 Alkyd
8.6.1 High Durability and Good Drying Characteristics Are the
Reasons for the Growth of Alkyd Resins
Table 25 Alkyd Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 26 Alkyd Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 27 Alkyd Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 28 Alkyd Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)
8.7 Fluoropolymer
8.7.1 Excellent Non-Stick, Reduced Friction, and Corrosion Resistance Properties Are Fueling the Demand for Fluoropolymer Resins
Table 29 Fluoropolymer Based Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 30 Fluoropolymer Based Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 31 Fluoropolymer Based Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 32 Fluoropolymer Based Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)
8.8 Others
Table 33 Other Resin-Based Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 34 Other Resin Based Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 35 Other Resin Based Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 36 Other Resin Based Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)

9 Industrial Coatings Market, by Technology
9.1 Introduction
Figure 22 Solvent-Based to Be the Largest Technology in 2019
Table 37 Industrial Coatings Market Size, by Technology, 2016–2019 (Kiloton)
Table 38 Industrial Coatings Market Size, by Technology, 2020–2025 (Kiloton)
Table 39 Industrial Coatings Market Size, by Technology, 2016–2019 (USD Million)
Table 40 Industrial Coatings Market Size, by Technology, 2020–2025 (USD Million)
9.1.1 Disruption Due to Covid-19
9.2 Solvent-Based
9.2.1 Outstanding Physical Properties Are Expected to Drive the Demand for Solvent-Based Technology
Table 41 Solvent-Based Industrial Coatings Market Size, 2016–2019 (Kiloton)
Table 42 Solvent-Based Industrial Coatings Market Size, 2020–2025 (Kiloton)
Table 43 Solvent-Based Industrial Coatings Market Size, 2016–2019 (USD Million)
Table 44 Solvent-Based Industrial Coatings Market Size, 2020–2025 (USD Million)
9.3 Water-Based
9.3.1 Low Toxicity and Flammability Due to Low Voc Levels Are Increasing the Demand for Water-Based Industrial Coatings
Table 45 Water-Based Industrial Coatings Market Size, 2016–2019 (Kiloton)
Table 46 Water-Based Industrial Coatings Market Size, 2020–2025 (Kiloton)
Table 47 Water-Based Industrial Coatings Market Size, 2016–2019 (USD Million)
Table 48 Water-Based Industrial Coatings Market Size, 2020–2025 (USD Million)
9.4 Powder
9.4.1 Superior Performance and Excellent Properties of Powder Technology Are Driving Its Demand
Table 49 Powder Industrial Coatings Market Size, 2016–2019 (Kiloton)
Table 50 Powder Industrial Coatings Market Size, 2020–2025 (Kiloton)
Table 51 Powder Industrial Coatings Market Size, 2016–2019 (USD Million)
Table 52 Powder Industrial Coatings Market Size, 2020–2025 (USD Million)
9.5 Others
Table 53 Industrial Coatings Market Size, in Other Technologies, 2016–2019 (Kiloton)
Table 54 Industrial Coatings Market Size, in Other Technologies, 2020–2025 (Kiloton)
Table 55 Industrial Coatings Market Size, in Other Technologies, 2016–2019 (USD Million)
Table 56 Industrial Coatings Market Size, in Other Technologies, 2020–2025 (USD Million)

10 Industrial Coatings Market, by End-USe Industry
10.1 Introduction
Table 57 Industrial Coatings: End-USe Industry and Application
Figure 23 General Industrial to Be the Largest End-USe Industry of Industrial Coatings
Table 58 Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (Kiloton)
Table 59 Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (Kiloton)
Table 60 Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (USD Million)
Table 61 Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (USD Million)
10.1.1 Disruption Due to Covid-19
10.2 General Industrial
10.2.1 Everyday USes of Powder-Coated Products to Fuel the Demand for General Industrial Equipment
Table 62 Industrial Coatings Market Size in General Industrial, by Region, 2016–2019 (Kiloton)
Table 63 Industrial Coatings Market Size in General Industrial, by Region, 2020–2025 (Kiloton)
Table 64 Industrial Coatings Market Size in General Industrial, by Region, 2016–2019 (USD Million)
Table 65 Industrial Coatings Market Size in General Industrial, by Region, 2020–2025 (USD Million)
10.3 Protective
10.3.1 APAC is Emerging as a Strategic Location for Protective Coating Manufacturers
Figure 24 the Oil & Gas Industry Had High Demand for High-Performance Protective Coatings in 2019
Table 66 Industrial Coatings Market Size in Protective End-USe Industry, by Region, 2016–2019 (Kiloton)
Table 67 Industrial Coatings Market Size in Protective End-USe Industry, by Region, 2020–2025 (Kiloton)
Table 68 Industrial Coatings Market Size in Protective End-USe Industry, by Region, 2016–2019 (USD Million)
Table 69 Industrial Coatings Market Size in Protective End-USe Industry, by Region, 2020–2025 (USD Million)
10.4 Automotive Oem
10.4.1 Growing Demand for Electric Vehicles to Drive the Industrial Coatings Market
Figure 25 Automotive Production Share for Top-5 Countries, 2018
Figure 26 India Emerging as the New Automotive Hub of the World
Table 70 Industrial Coatings Market Size in Automotive Oem, by Region, 2016–2019 (Kiloton)
Table 71 Industrial Coatings Market Size in Automotive Oem, by Region, 2020–2025 (Kiloton)
Table 72 Industrial Coatings Market Size in Automotive Oem, by Region, 2016–2019 (USD Million)
Table 73 Industrial Coatings Market Size in Automotive Oem, by Region, 2020–2025 (USD Million)
10.5 Industrial Wood
10.5.1 Increasing Construction and Infrastructure Activities to Drive the Industrial Wood Coatings Demand
Table 74 Industrial Coatings Market Size in Wood, by Region, 2016–2019 (Kiloton)
Table 75 Industrial Coatings Market Size in Wood, by Region, 2020–2025 (Kiloton)
Table 76 Industrial Coatings Market Size in Wood, by Region, 2016–2019 (USD Million)
Table 77 Industrial Coatings Market Size in Wood, by Region, 2020–2025 (USD Million)
10.6 Automotive Refinish
10.6.1 Increase in Vehicle USage Along With Increasing Number of Accidents Has Propelled the Demand for Automotive Refinish Coatings
Table 78 Ranking of Key Players in the Automotive Refinish Coatings Market
Table 79 Industrial Coatings Market Size in Automotive Refinish, by Region, 2016–2019 (Kiloton)
Table 80 Industrial Coatings Market Size in Automotive Refinish, by Region, 2020–2025 (Kiloton)
Table 81 Industrial Coatings Market Size in Automotive Refinish, by Region, 2016–2019 (USD Million)
Table 82 Industrial Coatings Market Size in Automotive Refinish, by Region, 2020–2025 (USD Million)
10.7 Coil
10.7.1 Durability and Cost-Benefit Properties Are Expected to Drive
The Demand for Coil Coatings
Table 83 Industrial Coatings Market Size in Coil, by Region, 2016–2019 (Kiloton)
Table 84 Industrial Coatings Market Size in Coil, by Region, 2020–2025 (Kiloton)
Table 85 Industrial Coatings Market Size in Coil, by Region, 2016–2019 (USD Million)
Table 86 Industrial Coatings Market Size in Coil, by Region, 2020–2025 (USD Million)
10.8 Packaging
10.8.1 Improved Lifestyles and Changing Food Habits Are Fueling
The Demand for Packaging Coatings
Table 87 Industrial Coatings Market Size in Packaging, by Region, 2016–2019 (Kiloton)
Table 88 Industrial Coatings Market Size in Packaging, by Region, 2020–2025 (Kiloton)
Table 89 Industrial Coatings Market Size in Packaging, by Region, 2016–2019 (USD Million)
Table 90 Industrial Coatings Market Size in Packaging, by Region, 2020–2025 (USD Million)
10.9 Marine
10.9.1 Slow Growth of Shipbuilding Sector is Hampering the Demand For Marine Coatings
Figure 27 Marine Coatings Market Share, 2018
Figure 28 World Fleet by Principal Vessel Type, Share of Tonnage (Dead-Weight Tons), 2018
Table 91 Industrial Coatings Market Size in Marine, by Region, 2016–2019 (Kiloton)
Table 92 Industrial Coatings Market Size in Marine, by Region, 2020–2025 (Kiloton)
Table 93 Industrial Coatings Market Size in Marine, by Region, 2016–2019 (USD Million)
Table 94 Industrial Coatings Market Size in Marine, by Region, 2020–2025 (USD Million)
10.10 Aerospace
10.10.1 Development of Chrome-Free Coating Technology is Augmenting the Market Growth
Table 95 Industrial Coatings Market Size in Aerospace, by Region, 2016–2019 (Kiloton)
Table 96 Industrial Coatings Market Size in Aerospace, by Region, 2020–2025 (Kiloton)
Table 97 Industrial Coatings Market Size in Aerospace, by Region, 2016–2019 (USD Million)
Table 98 Industrial Coatings Market Size in Aerospace, by Region, 2020–2025 (USD Million)
10.11 Rail
10.11.1 Advances in High-Speed Train Industry Are Boosting the Rail Coatings Market
Table 99 Industrial Coatings Market Size in Rail, by Region, 2016–2019 (Kiloton)
Table 100 Industrial Coatings Market Size in Rail, by Region, 2020–2025 (Kiloton)
Table 101 Industrial Coatings Market Size in Rail, by Region, 2016–2019 (USD Million)
Table 102 Industrial Coatings Market Size in Rail, by Region, 2020–2025 (USD Million)

11 Industrial Coatings Market, by Region
11.1 Introduction
Figure 29 APAC to Be the Largest Market in the Industrial Coating Market
Table 103 Industrial Coatings Market Size, by Region, 2016–2019 (Kiloton)
Table 104 Industrial Coatings Market Size, by Region, 2020–2025 (Kiloton)
Table 105 Industrial Coatings Market Size, by Region, 2016–2019 (USD Million)
Table 106 Industrial Coatings Market Size, by Region, 2020–2025 (USD Million)
11.2 APAC
Figure 30 Apac: Industrial Coatings Market Snapshot
Table 107 Apac: Industrial Coatings Market Size, by Resin Type, 2016–2019 (Kiloton)
Table 108 Apac: Industrial Coatings Market Size, by Resin Type, 2020–2025 (Kiloton)
Table 109 Apac: Industrial Coatings Market Size, by Resin Type, 2016–2019 (USD Million)
Table 110 Apac: Industrial Coatings Market Size, by Resin Type, 2020–2025 (USD Million)
Table 111 Apac: Industrial Coatings Market Size, by Technology, 2016–2019 (Kiloton)
Table 112 Apac: Industrial Coatings Market Size, by Technology, 2020–2025 (Kiloton)
Table 113 Apac: Industrial Coatings Market Size, by Technology, 2016–2019 (USD Million)
Table 114 Apac: Industrial Coatings Market Size, by Technology, 2020–2025 (USD Million)
Table 115 Apac: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (Kiloton)
Table 116 Apac: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (Kiloton)
Table 117 Apac: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (USD Million)
Table 118 Apac: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (USD Million)
Table 119 Apac: Industrial Coatings Market Size, by Country, 2016–2019(Kiloton)
Table 120 Apac: Industrial Coatings Market Size, by Country, 2020–2025 (Kiloton)
Table 121 Apac: Industrial Coatings Market Size, by Country, 2016–2019 (USD Million)
Table 122 Apac: Industrial Coatings Market Size, by Country, 2020–2025 (USD Million)
11.2.1 Impact of Covid-19 on APAC  
11.2.2 China
11.2.2.1 High Demand from the Furniture, Appliances, and Automotive Industries to Drive the Industrial Coatings Market in APAC
Table 123 China: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 124 China: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.2.3 Japan
11.2.3.1 High Production of Vehicles is Expected to Spur the Demand for Industrial Coatings in the Country
Table 125 Japan: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 126 Japan: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.2.4 India
11.2.4.1 the Rapidly Growing Furniture Industry is Expected to Fuel the Industrial Coatings Market Growth
Table 127 India: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 128 India: Industrial Coatings Market Size, 2020–2025 (Kiloton) 712411(USD Million)
11.2.5 Thailand
11.2.5.1 Automotive Being the Key Industry in the Country Contributes Significantly to the Growth of the Industrial Coatings Market
Table 129 Thailand: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 130 Thailand: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.2.6 Indonesia
11.2.6.1 Increasing Penetration of Japanese Carmakers to Benefit the Industrial Coatings Market in the Country
Table 131 Indonesia: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 132 Indonesia: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.2.7 Rest of APAC
Table 133 Rest of Apac: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 134 Rest of Apac: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.3 Europe
Figure 31 Europe: Industrial Coatings Market Snapshot
Table 135 Europe: Industrial Coatings Market Size, by Resin Type, 2016–2019 (Kiloton)
Table 136 Europe: Industrial Coatings Market Size, by Resin Type, 2020–2025 (Kiloton)
Table 137 Europe: Industrial Coatings Market Size, by Resin Type, 2016–2019 (USD Million)
Table 138 Europe: Industrial Coatings Market Size, by Resin Type, 2020–2025 (USD Million)
Table 139 Europe: Industrial Coatings Market Size, by Technology, 2016–2019 (Kiloton)
Table 140 Europe: Industrial Coatings Market Size, by Technology, 2020–2025 (Kiloton)
Table 141 Europe: Industrial Coatings Market Size, by Technology, 2016–2019 (USD Million)
Table 142 Europe: Industrial Coatings Market Size, by Technology, 2020–2025 (USD Million)
Table 143 Europe: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (Kiloton)
Table 144 Europe: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (Kiloton)
Table 145 Europe: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (USD Million)
Table 146 Europe: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (USD Million)
Table 147 Europe: Industrial Coatings Market Size, by Country, 2016–2025 (Kiloton)
Table 148 Europe: Industrial Coatings Market Size, by Country, 2020–2025 (Kiloton)
Table 149 Europe: Industrial Coatings Market Size, by Country, 2016–2019 (USD Million)
Table 150 Europe: Industrial Coatings Market Size, by Country, 2020–2025 (USD Million)
11.3.1 Impact of Covid-19 on Europe
11.3.2 Germany
11.3.2.1 Increasing Focus on the Appliances Industry is Driving the Industrial Coatings Market in the Country
Table 151 Germany: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 152 Germany: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.3.3 Russia
11.3.3.1 the Positive Economic Outlook is Boosting the Industrial Coatings Market
Table 153 Russia: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 154 Russia: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.3.4 Italy
11.3.4.1 Increasing Foreign Demand for Furniture is Expected to Fuel the Growth of the Industrial Coatings Market
Table 155 Italy: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 156 Italy: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)  
11.3.5 Turkey
11.3.5.1 Rapid Urbanization and Diversification of Consumer Goods Are Positively Impacting the Market Growth
Table 157 Turkey: Industrial Coatings Market Size, 2016–2019(Kiloton) (USD Million)
Table 158 Turkey: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.3.6 France
11.3.6.1 Adoption of Innovative Technologies is Expected to Drive the Demand for Industrial Coatings
Table 159 France: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 160 France: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.3.7 UK
11.3.7.1 Sustainable and Quality Products Are Expected to Increase the Demand for Industrial Coatings in the UK
Table 161 UK: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 162 UK: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.3.8 Spain
11.3.8.1 Increased Innovation and Versatility Are Expected to Drive the Industrial Coatings Market
Table 163 Spain: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 164 Spain: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.3.9 Rest of Europe
Table 165 Rest of Europe: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 166 Rest of Europe: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.4 North America
Figure 32 North America: Industrial Coatings Market Snapshot
Table 167 North America: Industrial Coatings Market Size, by Resin Type, 2016–2019 (Kiloton)
Table 168 North America: Industrial Coatings Market Size, by Resin Type, 2020–2025 (Kiloton)
Table 169 North America: Industrial Coatings Market Size, by Resin Type, 2016–2019 (USD Million)
Table 170 North America: Industrial Coatings Market Size, by Resin Type, 2020–2025 (USD Million)
Table 171 North America: Industrial Coatings Market Size, by Technology, 2016–2019 (Kiloton)
Table 172 North America: Industrial Coatings Market Size, by Technology, 2020–2025 (Kiloton)
Table 173 North America: Industrial Coatings Market Size, by Technology, 2016–2019 (USD Million)
Table 174 North America: Industrial Coatings Market Size, by Technology, 2020–2025 (USD Million)
Table 175 North America: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (Kiloton)
Table 176 North America: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (Kiloton)
Table 177 North America: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (USD Million)
Table 178 North America: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (USD Million)
Table 179 North America: Industrial Coatings Market Size, by Country, 2016–2025 (Kiloton)
Table 180 North America: Industrial Coatings Market Size, by Country, 2020–2025 (Kiloton)
Table 181 North America: Industrial Coatings Market Size, by Country, 2016–2019 (USD Million)
Table 182 North America: Industrial Coatings Market Size, by Country, 2020–2025 (USD Million)
11.4.1 Impact of Covid-19 on North America
11.4.2 US
11.4.2.1 Presence of Major Manufacturers is Fueling the Growth of the Industrial Coatings Market
Table 183 US: Industrial Coatings Market Size, 2016–2019(Kiloton)(USD Million)
Table 184 US: Industrial Coatings Market Size, 2020–2025 (Kiloton)(USD Million)
11.4.3 Mexico
11.4.3.1 High Export of Electronics Products is Expected to Boost the Industrial Coatings Market
Table 185 Mexico: Industrial Coatings Market Size, 2016–2019 (Kiloton)(USD Million)
Table 186 Mexico: Industrial Coatings Market Size, 2020–2025 (Kiloton)(USD Million)
11.4.4 Canada
11.4.4.1 High Export of Furniture is Boosting the Demand for Industrial Coatings
Table 187 Canada: Industrial Coatings Market Size, 2016–2019(Kiloton)(USD Million)
Table 188 Canada: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.5 Middle East & Africa
Figure 33 Saudi Arabia to Be the Largest Industrial Coatings Market
Table 189 Middle East & Africa: Industrial Coatings Market Size, by Resin Type, 2016–2019 (Kiloton)
Table 190 Middle East & Africa: Industrial Coatings Market Size, by Resin Type, 2020–2025 (Kiloton)
Table 191 Middle East & Africa: Industrial Coatings Market Size, by Resin Type, 2016–2019 (USD Million)
Table 192 Middle East & Africa: Industrial Coatings Market Size, by Resin Type, 2020–2025 (USD Million)
Table 193 Middle East & Africa: Industrial Coatings Market Size, by Technology, 2016–2019 (Kiloton)
Table 194 Middle East & Africa: Industrial Coatings Market Size, by Technology, 2020–2025 (Kiloton)
Table 195 Middle East & Africa: Industrial Coatings Market Size, by Technology, 2016–2019 (USD Million)
Table 196 Middle East & Africa: Industrial Coatings Market Size, by Technology, 2020–2025 (USD Million)
Table 197 Middle East & Africa: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (Kiloton)
Table 198 Middle East & Africa: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (Kiloton)
Table 199 Middle East & Africa: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (USD Million)
Table 200 Middle East & Africa: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (USD Million)
Table 201 Middle East & Africa: Industrial Coatings Market Size, by Country, 2016–2019(Kiloton)
Table 202 Middle East & Africa: Industrial Coatings Market Size, by Country, 2020–2025 (Kiloton)
Table 203 Middle East & Africa: Industrial Coatings Market Size, by Country, 2016–2019(USD Million)
Table 204 Middle East & Africa: Industrial Coatings Market Size, by Country, 2020–2025 (USD Million)
11.5.1 Impact of Covid-19 on the Middle East & Africa
11.5.2 Saudi Arabia
11.5.2.1 Increasing Population and Urbanization Are Fueling the Growth Of the Industrial Coatings Market
Table 205 Saudi Arabia: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 206 Saudi Arabia: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.5.3 South Africa
11.5.3.1 the Surge in Demand for Industrial Coated Products is Expected
To Drive the Market
Table 207 South Africa: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 208 South Africa`: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.5.4 Rest of the Middle East & Africa
Table 209 Rest of the Middle East & Africa: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 210 Rest of the Middle East & Africa: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.6 South America
Figure 34 Increasing Demand from the General Industrial Segment to Drive the Industrial Coatings Market
Table 211 South America: Industrial Coatings Market Size, by Resin Type, 2016–2019 (Kiloton)
Table 212 South America: Industrial Coatings Market Size, by Resin Type, 2020–2025 (Kiloton)
Table 213 South America: Industrial Coatings Market Size, by Resin Type, 2016–2019 (USD Million)
Table 214 South America: Industrial Coatings Market Size, by Resin Type, 2020–2025 (USD Million)
Table 215 South America: Industrial Coatings Market Size, by Technology, 2016–2019 (Kiloton)
Table 216 South America: Industrial Coatings Market Size, by Technology, 2020–2025 (Kiloton)
Table 217 South America: Industrial Coatings Market Size, by Technology, 2016–2019 (USD Million)
Table 218 South America: Industrial Coatings Market Size, by Technology, 2020–2025 (USD Million)
Table 219 South America: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (Kiloton)
Table 220 South America: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (Kiloton)
Table 221 South America: Industrial Coatings Market Size, by End-USe Industry, 2016–2019 (USD Million)
Table 222 South America: Industrial Coatings Market Size, by End-USe Industry, 2020–2025 (USD Million)
Table 223 South America: Industrial Coatings Market Size, by Country, 2016–2019 (Kiloton)
Table 224 South America: Industrial Coatings Market Size, by Country, 2020–2025 (Kiloton)
Table 225 South America: Industrial Coatings Market Size, by Country, 2016–2019(USD Million)
Table 226 South America: Industrial Coatings Market Size, by Country, 2020–2025 (USD Million)
11.6.1 Impact of Covid-19 on South America
11.6.2 Brazil
11.6.2.1 Easy Availability of Raw Materials is Expected to Fuel the Growth of the Industrial Coatings Market
Table 227 Brazil: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 228 Brazil: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)
11.6.3 Argentina
11.6.3.1 the Favorable Automotive Industry Outlook is Facilitating the Growth
Of the Industrial Coatings Market
Table 229 Argentina: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 230 Argentina: Industrial Coatings Market Size, 2020–2025(Kiloton) (USD Million)
11.6.4 Rest of South America
Table 231 Rest of South America: Industrial Coatings Market Size, 2016–2019 (Kiloton) (USD Million)
Table 232 Rest of South America: Industrial Coatings Market Size, 2020–2025 (Kiloton) (USD Million)

12 Competitive Landscape
12.1 Introduction
Figure 35 Companies Adopted Expansion as the Key Growth Strategy Between 2016 and 2019
12.2 Competitive Leadership Mapping, 2019
12.2.1 Visionary Leaders
12.2.2 Innovators
12.2.3 Emerging Companies
12.2.4 Dynamic Differentiators
Figure 36 Industrial Coatings Market: Competitive Leadership Mapping, 2018
12.3 Market Share Analysis
Figure 37 Global Industrial Coatings Market Share Analysis, 2019 (In Value)
12.4 Competitive Scenario
12.4.1 Investment & Expansion
Table 233 Investment & Expansion, 2016–2019
12.4.2 Merger & Acquisition
Table 234 Merger & Acquisition, 2016–2019
12.4.3 New Product Launch
Table 235 New Product Launch, 2016–2019
12.4.4 Joint Venture
Table 236 Joint Venture, 2016–2019

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
13.1 Akzo Nobel N.V.
Figure 38 Akzo Nobel N.V.: Company Snapshot
Figure 39 Akzo Nobel N.V.: SWOT Analysis
13.2 Axalta Coating Systems, LLC
Figure 40 Axalta Coating Systems, LLC: Company Snapshot
Figure 41 Axalta Coating Systems, LLC: SWOT Analysis
13.3 Jotun A/S
Figure 42 Jotun A/S: Company Snapshot
Figure 43 Jotun A/S: SWOT Analysis
13.4 Ppg Industries Inc.
Figure 44 PPG Industries Inc.: Company Snapshot
Figure 45 PPG Industries, Inc.: SWOT Analysis
13.5 the Sherwin-Williams Company
Figure 46 The Sherwin-Williams Company: Company Snapshot
Figure 47 The Sherwin-Williams Company: SWOT Analysis
13.6 Nippon Paint Holdings Co. Ltd.
Figure 48 Nippon Paint Holdings Co. Ltd.: Company Snapshot
13.7 Kansai Paint Co. Ltd.
Figure 49 Kansai Paint Co. Ltd.: Company Snapshot
13.8 Rpm International Inc.
Figure 50 RPM International Inc.: Company Snapshot
13.9 Tikkurila Oyj
Figure 51 Tikkurila Oyj: Company Snapshot
13.10 Hempel A/S
Figure 52 Hempel A/S: Company Snapshot
13.11 Other Key Players
13.11.1 Teknos Group
13.11.2 Noroo Paint & Coatings
13.11.3 Weilburger Coatings
13.11.4 The Chemours Company
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not Be Captured in Case of Unlisted Companies.

14 Adjacent/Related Markets
14.1 Introduction
14.2 Limitation
14.3 Paints & Coatings Ecosystem and Interconnected Market
Figure 53 Paints & Coatings: Ecosystem
14.4 Coating Resins
14.4.1 Market Definition
14.4.2 Market Overview
14.4.3 Coating Resins Market, by Resin Type
Table 237 Coating Resins Market Size, by Resin Type, 2018-2025 (USD Million)
Table 238 Coating Resins Market Size, by Resin Type, 2018-2025 (Kiloton)
14.4.3.1 Acrylic
14.4.3.2 Alkyd
14.4.3.3 Vinyl
14.4.3.4 Polyurethane
14.4.3.5 Epoxy
14.4.3.6 Unsaturated Polyester
14.4.3.7 Saturated Polyester
14.4.3.8 Amino
14.4.3.9 Others
14.4.4 Coating Resins Market, by Technology
Table 239 Coating Resins Market Size, by Technology, 2018-2025 (USD Million)
Table 240 Coating Resins Market Size, by Technology, 2018-2025 (Kiloton)
14.4.4.1 Water-Based Coatings
Figure 54 Types of Water-Based Coatings
14.4.4.2 Solvent-Based Coatings
Table 241 Traditional Formulation Solvent USed for Each Resin Type
14.4.4.3 Powder Coatings
Figure 55 Types of Powder Coatings
14.4.4.4 Others
14.4.4.4.1 High Solids Coatings
Figure 56 Types of High Solids Coatings
14.4.4.4.2 Radiation Curable Coatings
Figure 57 Types of Radiation Curable Coating
14.4.5 Coating Resins Market, by Application
Table 242 Coating Resins Market Size, by Application, 2018-2025 (USD Million)
Table 243 Coating Resins Market Size, by Application, 2018-2025 (Kiloton)
Table 244 Architectural Coating Resins Market Size, by Application, 2018-2025 (USD Million)
Table 245 Architectural Coating Resins Market Size, by Application, 2018-2025 (Kiloton)
Table 246 Industrial Coating Resins Market Size, by Application, 2018-2025 (USD Million)
Table 247 Industrial Coating Resins Market Size, by Application, 2018-2025 (Kiloton)
14.4.5.1 Architectural Coatings
14.4.5.2 Marine & Protective Coatings
14.4.5.3 General Industrial Coatings
14.4.5.4 Automotive Coatings
14.4.5.5 Wood Coatings
14.4.5.6 Packaging Coatings
14.4.5.7 Others
14.4.5.7.1 Coil
14.4.5.7.2 Aerospace
14.4.5.7.3 Graphic Arts
14.4.6 Coating Resins Market, by Region
Table 248 Coating Resins Market Size, by Region, 2018-2025 (USD Million)
Table 249 Coating Resins Market Size, by Region, 2018-2025 (Kiloton)
14.4.6.1 APAC
14.4.6.2 Europe
14.4.6.3 North America
14.4.6.4 Middle East & Africa
14.4.6.5 South America

15 Appendix
15.1 Discussion Guide

Note: Product cover images may vary from those shown
  • Akzo Nobel N.V.
  • Axalta Coating Systems, LLC
  • Hempel A/S
  • Jotun A/S
  • Kansai Paint Co. Ltd.
  • Nippon Paint Holdings Co. Ltd.
  • Noroo Paint & Coatings
  • PPG Industries Inc.
  • RPM International Inc.
  • Teknos Group
  • The Chemours Company
  • The Sherwin-Williams Company
  • Tikkurila Oyj
  • Weilburger Coatings
Note: Product cover images may vary from those shown

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