Global Industrial Coatings Market: Brief Account
The world industrial coatings market is forecasted to be influenced by latest innovations such as the graphene creation designed by Thomas Swan & Co. Ltd. to strengthen industrial coatings. Despite of its thin nature, as thin as a human hair, graphene is appreciated by industry experts as an unmistakably tough substance. This substance holds the potential to cut friction in lubricants, fortify plastics, and conduct electricity. The company believes its new innovation will help customers enhance their coating systems.
The global industrial coatings market is envisioned to be segmented according to application method, type, and end user. Each of the different types of industrial coatings have their own significance in various applications.
The report presented herewith is a spectacular study and in-depth analysis of the world industrial coatings market which strives to meet all the research needs of the interested parties. Penned by seasoned analysts, this publication elaborates on key factors such as market growth, constraints, and opportunities.
Global Industrial Coatings Market: Trends and Opportunities
Industrial coatings find extensive applications in a variety of industries such as protective and powder coatings, decorative coatings, furniture, marine, construction, steel, and automotive. However, the principal qualities of industrial coatings deemed to be a prime reason for the propelling demand in the global market are aesthetic and protective. For instance, industrial coatings can be applied to a weakening plastic or metal of an equipment to protect against different sorts of corrosion and damage. Besides this, the coatings find usage in steel and concrete applications to level up their overall lifetime and make them less susceptible to fire and other dangers. They are also studied to be crucial in curbing replacement costs.
Urethane topcoat, e-coat, and epoxy primer are some of the frequently used polymers in solvent-based industrial coatings, which protect against abrasions, salts, oils, humidity, and acids. Non-toxic, non-flammable, and non-hazardous waterborne industrial coatings find application in household paints due to their environmental compliance. They are also widely used in the fuels of rail road and storage tanks. Anti-fouling industrial coatings are employed for the underwater bottom layer of boats and ships to avoid damages pertaining to salt and fresh water conditions. Powder industrial coatings are employed as dry or free flowing powder.
Global Industrial Coatings Market: Geographical Analysis
Europe and North America are envisaged to exhibit a continual expansion in the world industrial coatings market. Nevertheless, Asia Pacific is predicted to steal the glory with a rising demand initiated by the growth in the marine sector. Particularly in countries such as China and India, the regional market is foretold to showcase dominance due to a catapulting boost received from government initiatives. For instance, the Indian government has planned investment programs to support construction and infrastructure sectors.
Challenges could be witnessed on the part of certain industries such as agriculture and oil and gas facing individual trials. Howbeit, the demand in the international industrial coatings market could be augmented by the expansion in infrastructure, marine, and automobile industries.
Global Industrial Coatings Market: Companies Mentioned
The most influential players operating in the world industrial coatings market are expected to be Asian Paints Limited, Nippon Paint Holdings Co., Kansai Paint Co. Ltd., BASF Coatings, The Valspar Corp., Axalta Systems, RPM International Inc., Sherwin-Williams Co., Akzo Nobel NV, and PPG Industries, Inc. These companies are prophesied to cement their position in the market on the basis of strategic industry activities and critical developments.
Market segmentation based on geography:
- North America
- Asia Pacific
- Rest of the World
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.