Maximize Market Research's latest report, " industrial coatings Market Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
The global industrial coatings market was valued US$ 82.5 Bn and is expected to reach 95.86 Bn by 2027, at a CAGR of 4.10% during a forecast period.
industrial coatings Market Overview
By the resin segment, the acrylic resin sector is expected to show constant growth during the estimated year and was the largest product segment with the registered market share of more than 36.0% of the total revenue share in 2019. Acrylic coatings are widely accepted and utilized in structural steel, construction equipment, pipes, industrial site, heavy casting, metal coating, automotive, consumer appliances, and other applications. Properties which is attracting the vendors to invest and the various end-users to use for the final product coating include fire resistance, abrasion resistance, UV light resistance, vapor permeability, gloss retention, and high weathering resistance are fuelling its demand among above-mentioned applications. Furthermore, other divisions where these coatings are used in the various formulation including waterborne, solvent-borne, and powder-based.
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• The Sherwin-Williams Company
• Weilburger Coatings GmbH
• Axalta Coating Systems, LLC
• Nippon Paint Holdings Co., Ltd
• Noroo Paint Coatings Co., Ltd
• RPM International Inc
• PPG Industries, Inc.
• Akzo Nobel N.V.
• Hempel A/S
• Kansai Paint Co. Ltd
• Teknos Group
• Tikkurila OYJ
• BASF SE
• The Chemours Company
• KCC Corporation
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of industrial coatings Market by Types and Applications:
Global Industrial Coatings market, by Resin
Global Industrial Coatings market, by Type
• High Solids
Global Industrial Coatings market, by End-Users
• Automotive OEM
• General Industrial
Global Industrial Coatings Market, by Region
• North America
• Asia Pacific
• Latin America
• Middle East Africa
The report has covered the market size by country (regions) for the industrial coatings market.
Analysis of the industrial coatings Market Share and Competitive Landscape:
This report provides a detailed analysis of the industrial coatings Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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