Industrial Coatings Market worth $115.4 billion by 2024

1. Industrial Coatings Market by Resin (Polyurethane, Epoxy, Acrylic, Polyester, Alkyd), Technology (Solvent, Water, Powder, High Solids), End-Use Industry (Industrial, Industrial, Protective, Automotive, Aerospace, Marine, Wood, Packaging), and Region - Global Forecast to 2024 Speak To Analyst

2. The market for industrial coatings is estimated to grow from USD 89.5 billion in 2019 to USD 115.4 billion by 2024, at a CAGR of 5.2% during the forecast period. Need for efficient process and durable coatings with better aesthetics, increasing demand for environmentally-friendly coatings and growing demand from the APAC region are the major factors driving the industrial coatings market. Industrial coatings are thin films applied to steel, concrete, and other materials to augment specific properties such as corrosion resistance, wear resistance, conductivity, and so on.

3. The acrylic segment is projected to register the higher CAGR in the industrial coatings market during the forecast period. Acrylic resins are a group of thermoplastic or thermosetting plastic substances derived from acrylic acid, methacrylic acid, and other related compounds. These resins offer excellent resistance to extreme environmental conditions and enable fast-setting times in comparison to other resin systems. They find use in automotive, industrial assembly, furniture, electrical & electronics, and other end-use industries. REQUEST BUNDLE REPORTS

4. Recent Developments • In October 2018, Nippon Paint Holdings Co., Ltd. invested in the Chiba Plant, a powder coating plant located in Chiba, Japan managed by Nippon Paint Industrial Coatings Co., Ltd, a wholly owned subsidiary of Nippon Paint Holdings Co., Ltd. engaged in the industrial coatings business. Through the investment, the company focusses on its powder coatings activities as an important and growing area and continue to further reinforce the powder coatings business both in technological development and expansion of In August 2018, Axalta expanded its liquid industrial coatings production capacity in North America by approximately one million gallons annually. The expansion is scheduled to be completed in the first quarter of 2019 and will allow the company to continue to deliver high-volume and world- class solutions to cater to the evolving needs of its customers. its product line. •

5. Key Market Players The major players in the industrial coatings market are Jotun A/S (Norway), Nippon Paint Holdings Co., Ltd. (Japan), The Sherwin-Williams Company (US), Akzo Nobel N.V. (Netherlands), PPG Industries, Inc. (US), RPM International Inc. (US), Hempel A/S (Denmark), NOROO Paint & Coatings Co Ltd (South Korea), Axalta Coating Systems (US), Tikkurila Oyj (Finland), The Chemours Company (US), WEILBURGER Coatings GmbH (Germany), Teknos Group (Finland), and Kansai Paint Co., Ltd. (Japan). Download PDF Brochure

6. Key Questions Addressed by the Report • What are the mid- to long-term impacts of the developments undertaken by the key players of the market? • Which resin chemistries will be largely used to manufacture industrial coatings in the next five years? • What technology will be more preferred in the industrial coatings market? • Which end-use industries will emerge as major consumers of industrial coatings in the next five years? • What are the upcoming end-user industries of industrial coatings? • What will be the future of the industrial coatings market? • How will the manufacturers expand and extend their industrial coatings product portfolio to cater to the end-use industries? GET 10% FREE CUSTOMIZATION ON THIS REPORT !!!

7. Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com