Industrial Coatings Market Report 2023-2033

Overall world revenue for Industrial Coatings Market, 2023 to 2033 in terms of value the market will surpass US$100.39 billion in 2023. The author predicts strong revenue growth through to 2033. This report identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

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.

What Questions Should You Ask before Buying a Market Research Report?

• How is the industrial coatings market evolving?
• What is driving and restraining the industrial coatings market?
• How will each industrial coatings submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
• How will the market shares for each industrial coatings submarket develop from 2023 to 2033?
• What will be the main driver for the overall market from 2023 to 2033?
• Will leading industrial coatings markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?
• Who are the leading players and what are their prospects over the forecast period?
• What are the industrial coatings projects for these leading companies?
• How will the industry evolve during the period between 2023 and 2033? What are the implications of industrial coatings projects taking place now and over the next 10 years?
• Is there a greater need for product commercialisation to further scale the industrial coatings market?
• Where is the industrial coatings market heading and how can you ensure you are at the forefront of the market?
• What are the best investment options for new product and service lines?
• What are the key prospects for moving companies into a new growth path and C-suite?

You need to discover how this will impact the industrial coatings market today, and over the next 10 years:

• Our 371-page report provides 112 tables and 188 charts/graphs exclusively to you.
• The report highlights key lucrative areas in the industry so you can target them - NOW.
• It contains in-depth analysis of global, regional and national sales and growth.
• It highlights for you the key successful trends, changes and revenue projections made by your competitors.

This report tells you TODAY how the industrial coatings market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2033 and other analyses reveal commercial prospects

• In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.
• You will find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising industrial coatings prices and recent developments.

This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Chemistry

• Acrylic
• Polyurethane
• Alkyd
• Epoxy
• Vinyl
• Polyester
• Others

Technology

• Solvent-borne
• Water-borne
• Powder Coating
• Others

Application

• General Industrial
• Protective & Marine
• Automotive OEM
• Automotive Refinish
• Aerospace
• Packaging
• Traffic Solutions
• Others

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 17 leading national markets:

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia
• Rest of APAC

Latin America

• Brazil
• Mexico
• Rest of Latin America

MEA

• GCC
• South Africa
• Rest of MEA

The report also includes profiles and for some of the leading companies in the Industrial Coatings Market, 2023 to 2033, with a focus on this segment of these companies’ operations.

Leading companies and the potential for market growth

• AkzoNobel N.V.
• Axalta Coating Systems Ltd.
• BASF SE
• Beckers Group
• Chugoku Marine Paints, Ltd.
• H.B. Fuller Company
• Hempel A/S
• Henkel AG & Co. KGaA
• Jotun
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co., Ltd.
• PPG Industries, Inc.
• RPM International Inc.
• The Sherwin-Williams Company

How will the Industrial coatings Market, 2023 to 2033 report help you?

In summary, our 370+ page report provides you with the following knowledge:

• Revenue forecasts to 2033 for Industrial coatings Market, 2023 to 2033 Market, with forecasts for chemistry, technology, and application, each forecast at a global and regional level - discover the industry’s prospects, finding the most lucrative places for investments and revenues.
• Revenue forecasts to 2033 for five regional and 17 key national markets - See forecasts for the Industrial Coatings Market, 2023 to 2033 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
• Prospects for established firms and those seeking to enter the market - including company profiles for 14 of the major companies involved in the Industrial Coatings Market, 2023 to 2033.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With this new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how the work could benefit your research, analyses, and decisions. The study is for everybody needing commercial analyses for the Industrial coatings Market, 2023 to 2033, market-leading companies. You will find data, trends and predictions.