Industrial Coatings Market, By Category, By Resin Type, By Application, and By Region

Description

Industrial Coatings Market is estimated to be valued at USD 46.67 Bn in 2025 and is expected to reach USD 73.48 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 46.67 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	6.70%	2032 Value Projection:	USD 73.48 Bn

The global industrial coatings market has diverse end users and is tied to multiple industries. The drivers of the global industrial coatings market are population growth, improved standard of living, infrastructure growth, global Growth Domestic Product growth, and growth in the construction industry. Lighting fixtures, antennas, and electrical components are some of the powder-coated products used daily. The key factor driving the growth of the market includes increasing demand from end-use industries. The global industrial, by end-use industry in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for industrial coatings.

Market Dynamics

Growth of the automotive industry is expected to drive demand for paints and coatings, which is further expected to drive demand for powder coatings over the forecast period. An increase in the transportation and transit of consumer goods, people, and raw materials.

Among category, the water-borne segment is expected to be the fastest-growing region during the forecast period 2025-2032. 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 comprise 80% water along with a 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. 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 the demand for water-borne technology in the commercial vehicle paints & coatings market.

Key features of the study:

This report provides an in-depth analysis of industrial coatings market, and provides market size (US$ Billion and KT) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities 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 up-gradation, 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 :
- Global 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
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Company Profiles
- 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
- The Sherwin-Williams Compan

Product Code: CMI4437

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
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
Cost Tier Down Analysis

4. Global Industrial Coatings Market- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Industrial Coatings Market, By Category, 2025-2032 (US$ Billion and Tons)

Introduction
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Water-Bone
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Solvent-Bore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Powder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
E-coat
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)

6. Global Industrial Coatings Market, By Resin Type, 2020-2032 (US$ Billion and Tons)

Introduction
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Polyurethanes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Epoxy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Powder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Acrylic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Fluoropolymer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)

7. Global Industrial Coatings Market, By Application, 2020-2032 (US$ Billion and Tons)

Introduction
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
General Industrial Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Agriculture Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Automotive Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Coil and Extrusion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Energy and Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Marine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Aerospace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Rail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and Tons)

8. Global Industrial Coatings Market, By Region, 2020-2032 (US$ Billion and Tons)

Introduction
- Market Share Analysis, By Region, 2025 and 2032
- Y-o-Y Growth Analysis, By Region, 2020-2032 (%)
North America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Europe
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
France
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Spain
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Asia Pacific
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - China
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
India
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Latin America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Rest of Latin America
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Middle East
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - GCC
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Israel
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Rest of Middle East
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Africa
- Market Share Analysis, By Sub-region, 2025 and 2032
- Y-o-Y Growth Analysis, By Sub-region, 2020-2032 (%)
North Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
Central Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)
South Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and Tons)
- Market Size and Forecast, By Application, 2020-2032 (US$ Billion and Tons)

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Akzo Nobel NV
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Axalta Coating Systems
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- BASF Coating
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Beckers Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Berger Paints India Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Chugoku Marine Paints Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Hempel A/S
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Jotun
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Kansai Paint Co.Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- KCC Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- NIPSEA Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- PPG Industries Inc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Teknos Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- The Chemours Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- The Sherwin -Williams Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans

10. Section

References
Research Methodology
About us