PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903843
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903843
The global industrial coatings market size is expected to reach USD 130.50 billion by 2034, according to a new study by Polaris Market Research. The report "Industrial Coatings Market Size, Share, & Industry Analysis Report: By Technology (Solventborne, Waterborne, Powder Based, and Others), By Resin, By End Use, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The industrial coatings market is the sector focused on the production, distribution, and application of specialized coatings for industrial use. These coatings help protect surfaces against corrosion, wear, chemicals, and weathering. This increases the life of the equipment or product. There are various coatings that have additional functionality. Examples include electrical insulation coatings, heat-resistant coatings, and aesthetic coatings.
Factors affecting the industrial coatings market include the growth of major industries such as automotive, aerospace, building and construction, oil and gas, and manufacturing. In fact, the higher the industrial production, the higher the demand for industrial coatings. However, stringent government standards aimed at reducing VOCs have increased the use of waterborne and powder coatings.
By technology, the solventborne coatings segment holds the largest market share globally due to their superior performance characteristics and wide usage across various industrial sectors.
By resin type, the epoxy resin segment accounts for the largest market share, owing to its exceptional adhesion, chemical resistance, and mechanical strength, making it suitable for numerous demanding industrial applications.
By end use, the general industry segment holds the largest market share, encompassing a broad spectrum of applications across diverse manufacturing sectors and infrastructure projects worldwide.
By region, Asia Pacific accounts for the largest share. The Asia Pacific industrial coatings market is also expected to grow at the highest rate during the forecast period.
A few of the major players active in the market include PPG Industries, Inc. (PPG); The Sherwin-Williams Company; Akzo Nobel N.V.; RPM International Inc.; Axalta Coating Systems; BASF SE; Kansai Paint Co., Ltd.; Nippon Paint Holdings Co., Ltd.; Hempel A/S; Jotun A/S; Wacker Chemie AG; and Covestro AG.
Where is Industrial Coatings Market Headed?
Industrial coatings are increasingly in demand. These coatings shield equipment and infrastructure from corrosion, chemicals, and abrasions. Additionally, some types of industrial coatings offer heating and aesthetics. Solventborne coatings are most advanced in terms of technology, followed by epoxy, and by the general industry in end use. In addition, the Asia-Pacific region is the largest and fastest-growing market for industrial coatings.
What Does Industrial Coatings Report Reveal?
What is the size of the industrial coatings market, and at what rate is it projected to grow in the forecast period?
What are the major drivers of the demand for industrial coatings in the categories of manufacturing, infrastructure, automotive, marine, and energy markets?
What coating technologies and types of resins are getting the most attention, and why are more people turning to waterborne coatings and powder coatings?
What are the end-use industries that are driving demand for industrial coatings?
How are regulations regarding the environment and the objectives of sustainability influencing the evolving nature of low-VOC and green industrial coatings?
What are the opportunities in Asia/Pacific, North America, Europe, Latin America, and the Middle East & Africa regions?
What are the issues arising in the industrial coating market with regard to regulations, material prices, and technology?
Polaris Market Research has segmented the industrial coatings market by technology, by resin, by end use, and by region.
By Technology Outlook (Revenue - USD Billion, 2020-2034)
Solventborne
Waterborne
Powder Based
Others
By Resin Outlook (Revenue - USD Billion, 2020-2034)
Epoxy
Acrylic
Alkyd
Polyester
Polyurethane
Fluoropolymer
Others
By End Use Outlook (Revenue - USD Billion, 2020-2034)
General Industry
Automotive
Aerospace
Power Generation
Oil and Gas
Mining
Others
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indnesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America