Industrial Coatings Market Projected to Reach 130.97 Billion USD by 2022

1. MarketsandMarkets Presents Industrial Coatings Market Projected to Reach 130.97 Billion USD by 2022 https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html

2. The report "Industrial Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water, Solvent, High Solids, Powder), End-use Industry (Automotive, Aerospace, Marine, Wood, Packaging, Protective), and Region - Global Forecasts to 2022", The industrial coatings market is projected to reach USD 130.97 Billion by 2022, at a CAGR 5.91% between 2017 and 2022, in terms of value Browse 150 Market Data Tables and 36 Figures spread through 185 Pages and in-depth TOC on "Industrial Coatings Market - Global Forecasts to 2022"Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=746 Market Dynamics: Drivers Increasing demand for eco-friendly coatings Need for efficient process and durable coatings with better aesthetics Restraints Difficulty in obtaining thin films in powder coating Requirement of more drying time for water-based coatings Opportunities Increasing use of Nano-coatings Attractive prospects for powder coating in shipbuilding and pipeline industries Challenges Stringent regulatory policies https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html

3. Scope of the Report: • This research report categorizes the Industrial Coatings Market based on Resin Type, Technology, end-use industry, and region. The report forecasts revenues as well as analyzes the trends in each of these submarkets. • Industrial Coatings Market, By Resin Type: • Epoxy • Polyurethane • Acrylic • Polyester • Fluoropolymer • Alkyd • Others • Industrial Coatings Market, By Technology: • Water-based • Solvent-based • High Solids • Powder • Others • Industrial Coatings Market, By Region: • Asia Pacific (APAC) • Europe • North America • The Middle East • South America • Africa https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html

4. Industry Insights: The global industrial coatings market is expected to grow from USD 98.30 billion in 2017 to USD 130.97 billion by 2022 at a CAGR of 5.91%. Stringent government regulations, growth in end-use industries, and technological advancements are the key factors driving the growth of this market. Industrial coatings are thin films applied on materials to add or enhance their specific properties such as corrosion resistance, wear resistance, and conductivity. Industrial coatings are used in production plants, to coat discrete parts, finished assemblies (automobiles, trucks, aircraft, and vessels), tanks, piping, metal sheet, wood panels, paper, and paperboard. Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=746 The industrial coatings market has been segmented, on the basis of end-use industry type, into automotive, aerospace, marine, industrial wood, packaging, protective, general industrial, rail coatings, coil coatings, consumer appliance, and industrial equipment sectors. Among end-use industries, the automotive OEM segment of the industrial coatings is projected to grow at the highest CAGR during the forecast period. Growing automotive industry is driving the global industrial coatings market during the forecast period. The industrial coatings market has been segmented, on the basis of resin type, into acrylic, alkyd, epoxy, polyester, polyurethane, fluoropolymer, and others. The acrylic resin accounted for the largest share of the overall industrial coatings market between 2017 and 2022. Acrylic resin is preferred because of its superior properties such as high resistance to stress, high heat resistance, high peel strength, good adhesion to many substrates, and excellent chemical resistance. 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 are the major end-use industry of acrylic resin-based industrial coatings. https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html

5. Industry Leaders: Key players in the market include AkzoNobel N.V. (Netherlands), Asian Paints Limited (India), Axalta Coating Systems (U.S.), Berger Paints India Limited (India), Jotun A/S (Norway), Kansai Paint Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), and The Valspar Corporation (U.S.). These players are increasingly undertaking expansions, new product launches, acquisitions, and partnerships to expand its global presence and develop and introduce new technologies and products in the market. For more Info Visit Our Blog @ https://chemicalsresearchmarket.wordpress.com/Blog Geographical Scenario: The industrial coatings market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is a rapidly expanding the market, owing to the growing economy and increasing middle-class population. The increasing number of industrial activities due to growing urbanization, mainly in China and India, are expected to drive the market during the forecast period.  There is an increased demand from the automotive industry in APAC, which is mainly backed by the expansion of the region’s industrial activities. This increased demand, in turn, drives the industrial coatings market in APAC. APAC is the fastest-growing market with most of the large manufacturers establishing their facilities in this region. Presence of some of the fastest-growing economies, such as China, India, and South Korea, and rising demand from automotive industry play a crucial role in driving the industrial coatings market in the APAC region. https://www.marketsandmarkets.com/Market-Reports/industrial-coatings-market-746.html

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