Industrial Coatings Market Definition
Industrial coatings are paints, coatings, or coverings that are applied on concrete or metal to prevent corrosion, general wear and tear, the growth of algae blooms, and other issues. Industrial coatings’ main purpose is to shield metals from corrosion and wear and tear, but they can provide the surface they are applied on an aesthetic touch. Several industries, including building and construction, transportation, and oil and gas, use industrial coatings.
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Insights
Acrylic Category dominated the market with a revenue share of more than 35.0%. Due to its corrosion resistance, strong adhesion, barrier & inhibitory ability, and quick drying characteristics, acrylic industrial coating is widely utilised in general industries, automotive and auto refinish, aerospace, and other end-use industries. The use of acrylic industrial coatings can be found on new and renovated buildings, machinery, intermodal containers, and automobiles, among other things. Metal coatings are applied in an industrial setting using alkyd industrial coatings. These coatings resist corrosion and offer good gloss and colour retention. They make metal more durable, making them useful for covering a variety of structures, including maritime vessels, automotive parts, and oil and gas facilities.
Global Industrial Coatings Market: Major Players
Jotun A/S
Henkel Corporation
PPG Industries, Inc.
Carpoly Chemical Group Co. Ltd.
Hempel A/S
Nippon Paint Industrial Coatings Co., Ltd.
Altana AG
Noroo Coil Coatings Co., Ltd.
KATS Coatings
Clariant International Ltd.
RPM International Inc.
Industria Chimica Adriatica SpA
Jamestown Coating Technologies
Rust-Oleum Corporation
Brillux Industrial Coatings
Akzo Nobel N.V.
Advanced Industrial Coatings
NOROO Paint & Coatings Co., Ltd.
Chugoku Marine Paints, Ltd.
Burke Industrial Coatings
Mohawk Finishing Products Inc.
Diamond Vogel Paint Company
Premium Coatings and Chemicals Pvt Ltd.
Castagra Products, Inc.
SIKA AG
Carboline International Corporation
Aegis Industries Inc.
Kansai Paint Co., Ltd.
Brillux GmbH & Co. KG
Axalta Coating Systems
Global Industrial Coatings Market: By Types
Acrylic Coatings
Alkyd Coatings
Epoxy Coatings
Fluoropolymer Coatings
Polyester Coatings
Polyurethane Coatings
Others
Global Industrial Coatings Market: By Applications
Aerospace
Automotive
General Industrial
Marine
Others
Overview of the industrial coatings market
Industrial coatings shield concrete or metal from algae growth, corrosion, abrasion, and gear wear. Industrial coatings are primarily used to give the surface they are applied to aesthetic appeal. Industrial coating’s environmental friendliness is one of its key features. Demand for environmentally friendly Industrial Coatings Market is rising as a result of strict rules for decreasing VOC emissions in coating resins and minimising pollution coating processes.
The Industrial Coatings Market is expanding due to improvements in materials like solvent-free powder coating. Industrial items are also provided with a multi-year corrosion guarantee due to improvements in coating performance. Industrial coatings also provide extra advantages such
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- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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- Market dynamics scenario, along with growth opportunities of the market in the years to come
