The Global Industrial Coatings Market size is valued at around USD 107.19 billion in 2024 & is projected to reach USD 132.18 billion by 2030. The market is also estimated to grow at a CAGR of around 4.30% during the forecast period, i.e., 2025-30.
Global Industrial Coatings Market Driver:
Expansion of the Automotive Sector to Drive the Industrial Coatings Industry – The growing sales of passenger vehicles worldwide have led to a massive increase in automobile manufacturing worldwide. Furthermore, the growth in consumer expendable income in countries such as India, the Philippines, and other Southeast Asian countries has enhanced the rise by hike in demand for automobiles. Moreover, the sales of luxury cars have also risen substantially as consumers have been changing preferences and rising disposable incomes and there has been a growth in demand for modern automotive technologies utilized in automobiles. In response to the rising demand for luxury vehicles, manufacturers are quickly developing manufacturing facilities across developing regions like the Asia Pacific to manufacture more premium cars in emerging nations.
Henceforth, the intensifying sales of passenger vehicles, especially across developing countries, have significantly contributed to the growth & development of automobile manufacturing across the globe. Hence, the demand for industrial coatings has also significantly increased as a result of the increased manufacturing of high-performance cars, which aim to offer a luxury experience.
Furthermore, market growth is expected to be further supported by the increasing demand for customized vehicle designs and paints. The established automobile manufacturers are planning for future expansion of their production plants to manufacture customized vehicles, which would augment the size & volume of the Industrial Coatings Market in the coming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Industrial Coatings Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Technology
- Water-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Solvent-Borne Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Powder-Based Coatings- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
- By Resin Type
- Acrylic Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Alkyd Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Epoxy Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyester Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Polyurethane Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Fluoropolymer Resin- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
- By End-Use Industry
- General Industrial- Market Size & Forecast 2020-2030, (Thousand Tons)
- Marine- Market Size & Forecast 2020-2030, (Thousand Tons)
- Automotive and Vehicle Refinish- Market Size & Forecast 2020-2030, (Thousand Tons)
- Electronics- Market Size & Forecast 2020-2030, (Thousand Tons)
- Aerospace- Market Size & Forecast 2020-2030, (Thousand Tons)
- Oil and Gas- Market Size & Forecast 2020-2030, (Thousand Tons)
- Mining- Market Size & Forecast 2020-2030, (Thousand Tons)
- Power Generation- Market Size & Forecast 2020-2030, (Thousand Tons)
- Others- Market Size & Forecast 2020-2030, (Thousand Tons)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Kansai Paint Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, Llc, Jotun A/S, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Rpm International Inc., Hempel A/S, Basf Coatings Gmbh, Advanced Nanotech Lab, The Chemours Company, Noroo Paint & Coatings, Weilburger Coatings, Beckers Group and others
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