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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Industrial coating is a paint or coating, which is defined by its protective, rather than the aesthetic properties, although it can provide both. The most common use of industrial coating include corrosion control of steel or concrete. The global industrial coatings market is estimated to surpass US$ 46,916.5 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.5% during the forecast period (2020 to 2027).

Drivers

Industrial coating products are available in the market with promising properties that help prevent products from corrosion, majorly due to the improved performance of coatings and their advanced manufacturing methods. Moreover, manufacturers are continuously introducing new coatings that have environmentally-friendly characteristics in the market. Nowadays, the technology for manufacturing coatings has evolved and it is different from the conventional technology. For instance, besides solvent-based coatings, various other coatings are available in the market including water-based, solvent less, and UV-cured coatings among others. The introduction and adoption of new production technologies have gradually increased the performance of industrial coatings. Industrial coatings offer several benefits such as high flexibility, ability to prevent cracks, resistant to chemicals, and weatherproofing & waterproofing. Due to these properties, industrial coatings are effectively used to protect floors, roofs, and walls against heavy strong wind and heavy rainfall.

Among region, Asia Pacific held dominant position in the global industrial coatings market in 2019, accounting for 44.5% market share in terms of revenue, followed by North America and Europe.

Figure 1. Global Industrial Coatings Market Revenue Share (%), By Region, 2019

Industrial Coatings  | Coherent Market Insights

Market Restraints

Proper maintenance of equipment is essential to ensure high efficiency and effectiveness of coatings. The components need to be inspected and maintained regularly to provide good finishing quality. Powder coatings need to be stored in a cool and dry place, and hence, requires storage conditions that does not affect the quality of products. Industrial coatings such as powder coatings are hygroscopic in nature and has the tendency to undergo reaction when exposed to humidity, which results in caking of the product. Factors such as temperature, humidity, direct sunlight, and contamination need to be considered, while storing powder coatings. They are also prone to fire hazards when in contact with air, along with organic materials such as dust. The use of powder coatings need to be monitored and safety precautions need to be maintained. Thus, the overall equipment selection, maintenance, and storage, and use of industrial coatings incurs capital investment, which acts as a restraining factor for the industrial coatings market.

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Industrial Coatings Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 39,104.0 Mn
Historical Data for: 2017 and 2018 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.5% 2027 Value Projection: US$ 46,916.5 Mn
Geographies covered:
  • Regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Category: Water-borne, Solvent-borne, Powder, E-coat, and Others
  • By Resin Type: Polyurethanes, Epoxy, Acrylic, Fluoropolymers, and Others
  • By Application: General Industrial Equipment, Automotive Coatings, Coil & Extrusion, Energy & Power, Packaging, Marine, Aerospace, Rail, and Others
Companies covered: Akzo Nobel N.V., Axalta Coating Systems, BASF Coatings, Beckers Group, Berger Paints India Limited, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, NIPSEA Group, PPG Industries, Inc., Teknos Group, The Chemours Company, and The Sherwin-Williams Company
Growth Drivers:
  • Improved performance of industrial coatings with high durability
  • Increasing demand for industrial coatings in various industries
Restraints & Challenges:
  • Government regulations against the use of unsafe materials in industrial coatings

Market Trends

Product portfolio expansion with low curing temperature is the key market trend, which is expected to drive the market growth over the forecast period. For instance, in 2019, Koninklijke DSM N.V., a global science-based company in nutrition, health, and sustainable living, launched Uralac EasyCure resin, P3225, for fast-cure or low-temperature powder coating applications for architectural components. Uralac EasyCure P3225 can be cured in few minutes at 180°C and offers a unique combination of coating benefits by enabling good appearance, higher degassing limit, robust outdoor durability, and reliable storage stability.

Figure 2. Global Industrial Coatings Market Revenue Share (%), By Application, 2019

Industrial Coatings  | Coherent Market Insights

On the basis of application, in 2019, the automotive coatings segment accounted for 26.8% of the revenue share. Automotive coatings include coatings for cars, buses, trucks, motorcycles, and others. The increasing production of automotive is driving demand for automotive coatings. For instance, according to the American Automotive Policy Council’s report on the U.S. Automotive Industry in 2018, the U.S. auto production increased from 5.6 million vehicles in 2009 to 11.3 million vehicles in 2017.

Global Industrial Coatings Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 is spreading rapidly and has affected 210 countries. The impact of COVID-19 on industrial coatings business, which provides services to different industries, is inevitable. According to the Canadian Paint and Coatings Association (CPCA), the coating industry continues to supports a number of commercial sectors that require critical product formulations to maintain their ongoing business operations and support critical operations of their customers. The essential and critical products supplied by the coatings industry to other industries include life-saving equipment such as ventilators, vital signs monitors, and critical pandemic related supplies that include multiple components that need to be coated. The industrial coatings market growth has declined in 2020, owing to the pandemic situation and owing to a decrease in demand from end-use industries such as automotive etc. Over the next few years, industrial coatings market is expected to witness steady demand and the global market is expected to reach US$ 46,916.5 Mn by 2027, according to Coherent Market Insights.

Competitive Section

Key players operating in the global industrial coatings market include Akzo Nobel N.V., Axalta Coating Systems, BASF Coatings, Beckers Group, Berger Paints India Limited, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, NIPSEA Group, PPG Industries, Inc., Teknos Group, The Chemours Company, and The Sherwin-Williams Company.

The global industrial coatings market is expected to exhibit a CAGR of 5.5% during the forecast period, owing to increasing demand from various industries. Growth of the automobile industry is expected to drive demand for paints and coatings from the industry, which is further expected to drive demand for powder coatings over the forecast period. The increase in transportation and transit of consumer goods, people, and raw materials have boosted growth of the automobile industry. For instance, according to the China Association of Automobile Manufacturers (CAAM), in September 2019, the production and sales of commercial vehicles in China reached 345,000 and 340,000 units, respectively, which showed an increase of 15.8% and 11.6% when compared to the previous month, and up by 4% and 1.9% year on year, respectively. Moreover, according to the European Automobile Manufacturers Association (ACEA), in December 2019, commercial vehicle registrations increased by 5.7% across the European Union (EU). Moreover, according to the same source, in EU, demand for commercial vehicles increased by 2.5% in 2019, marking the seventh consecutive year of growth.

Among category, water-borne segment is expected to be the fastest growing region during the forecast period (2020-2027). Water-borne coatings are surface coatings or finishes that make use of water as a solvent to disperse the resin added to it. The high content of water makes these coatings eco-friendly and easy to apply. Water-borne coatings comprises 80% water along with small amount of other solvents such as glycol ethers, which are applied to a surface to disperse the resin. Due to its water content, these coatings possess properties such as low VOC, very low odor, and non-flammability. Water-borne coatings dry at a very fast rate and can be re-coated as well. Conventional coatings have VOC (volatile organic compound) content of about 84% (and 16% solids), while a waterborne base-coat comprises 70% water (and 20% solids) and 10% solvent. Stringent regulations on the use of VOC has increased demand for water-borne technology in commercial vehicle paints & coatings market.

Key features of the study:

  • This report provides in-depth analysis of industrial coatings market, and provides market size (US$ Million and KT) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global industrial coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Akzo Nobel N.V., Axalta Coating Systems, BASF Coatings, Beckers Group, Berger Paints India Limited, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, NIPSEA Group, PPG Industries, Inc., Teknos Group, The Chemours Company, and The Sherwin-Williams Company.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
  • The global industrial coatings market report caters to various stakeholders in this industry including investors, suppliers, industrial coatings manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial coatings market

Detailed Segmentation:

  • Global Industrial Coatings Market, By Category:
    • Water-borne
    • Solvent-borne
    • Powder
    • E-coat
    • Others
  • Global Industrial Coatings Market, By Resin Type:
    • Polyurethanes
    • Epoxy
    • Acrylic
    • Fluoropolymer
    • Others
  • Global Industrial Coatings Market, By Application:
    • General Industrial Equipment
      • Agriculture Equipment
      • Construction Equipment
      • Other Industrial Equipment
    • Automotive Coatings
    • Coil & Extrusion
    • Energy & Power
    • Packaging
    • Marine
    • Aerospace
    • Rail
    • Others
  • Global Industrial Coatings Market, By Region:
    • North America
      • U.S.
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Canada
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
    • Europe
      • U.K.
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Italy
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • France
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Germany
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Spain
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Russia
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Rest of Europe
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
    • Asia Pacific
      • China
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • India
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Japan
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • ASEAN
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Australia
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Rest of Asia Pacific
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
    • Latin America
      • Brazil
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Argentina
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Mexico
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Rest of Latin America
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
    • Middle East & Africa
      • Middle East
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
      • Africa
        • By Category:
          • Water-borne
          • Solvent-borne
          • Powder
          • E-coat
          • Others
        • By Resin Type:
          • Polyurethanes
          • Epoxy
          • Acrylic
          • Fluoropolymer
          • Others
        • By Application:
          • General Industrial Equipment
            • Agriculture Equipment
            • Construction Equipment
            • Other Industrial Equipment
          • Automotive Coatings
          • Coil & Extrusion
          • Energy & Power
          • Packaging
          • Marine
          • Aerospace
          • Rail
          • Others
  •  Company Profiles
    • Akzo Nobel N.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Axalta Coating Systems
    • BASF Coatings
    • Beckers Group
    • Berger Paints India Limited
    • Chugoku Marine Paints, Ltd.
    • Hempel A/S
    • Jotun
    • Kansai Paint Co., Ltd.
    • KCC Corporation
    • NIPSEA Group
    • PPG Industries, Inc.
    • Teknos Group
    • The Chemours Company
    • The Sherwin-Williams Company

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Category
      • Market Snippet, By Resin Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Industrial Coatings Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Industrial Coatings Market – COVID-19
    • Impact Analysis
  5. Global Industrial Coatings Market, By Category, 2017- 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Water-borne
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Solvent-borne
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • E-coat
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  6. Global Industrial Coatings Market, By Resin Type, 2017- 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Polyurethanes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Epoxy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Acrylic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Fluoropolymer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  7. Global Industrial Coatings Market, By Application, 2017- 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • General Industrial Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
      • Sub-segment Trends
        • Agriculture Equipment
        • Construction Equipment
        • Other Industrial Equipment
    • Automotive Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Coil & Extrusion
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Energy & Power
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Marine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Aerospace
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Rail
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Mn & KT)
  8. Global Industrial Coatings Market, By Region, 2017- 2027 (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, By Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
    • Latin America
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
    • Europe
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • France
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Crop Type, 2017- 2027 (US$ Mn & KT)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • India
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2019, 2022 and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2019 - 2027
        • Middle East
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
        • Africa
          • Country Trends
          • Market Size and Forecast, By Category, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Resin Type, 2017- 2027 (US$ Mn & KT)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Mn & KT)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Akzo Nobel N.V.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Axalta Coating Systems
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • BASF Coatings
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Beckers Group
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Berger Paints India Limited
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Chugoku Marine Paints, Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Hempel A/S
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Jotun
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Kansai Paint Co., Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • KCC Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • NIPSEA Group
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • PPG Industries, Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Teknos Group
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • The Chemours Company
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • The Sherwin-Williams Company
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 64 market data tables* and 59 figures* on "Industrial Coatings Market” - Global forecast to 2027.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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