The "Industrial Coatings - A Global Market Overview" has been added to ResearchAndMarkets.com's offering.
The global industrial coatings market is projected to reach $119.8 billion in 2024, with a CAGR of 4.1% leading to $152.7 billion by 2030.
This report provides a comprehensive analysis of global and regional markets, covering resin type, technology, function, and end-use sectors from 2024 to 2030. Company profiles and recent developments are included to illustrate market trends.
Industrial coatings serve as protective layers designed to shield surfaces from environmental damage while enhancing their aesthetic appeal. Utilizing various resin types, such as acrylic, alkyd, epoxy, and others, these coatings are crucial in sectors like aerospace, automotive, construction, and more. They function primarily to protect against abrasion, chemicals, corrosion, and heat.
Growth drivers include rising demand in major end-use sectors and the shift towards sustainable, high-performance coatings. Emerging markets, particularly in Asia-Pacific, are experiencing rapid growth due to urbanization and industrial expansion. The use of coatings in construction is vital for protecting structures like steel and concrete from environmental stressors. Manufacturers are investing in eco-friendly solutions, leading to the availability of low-VOC, water-based, and bio-based coatings. Smart coatings with self-healing and anti-microbial properties are also gaining traction, especially in the food processing, healthcare, and marine sectors.
Regional Market Analysis
The Asia-Pacific region is leading the industrial coatings market with a 42% share in 2024. The region's position as a major hub for auto manufacturing contributes significantly to this dominance. Strong growth in urbanization, infrastructure, and construction, particularly in China and India, enhances demand. India's market, driven by industrial growth and initiatives like 'Make in India,' is set to be the fastest-growing during 2024-2030 despite some auto sector challenges.
Market Analysis by Resin Type
Acrylic industrial coatings dominate and are expected to grow rapidly due to their versatility. These coatings are used across various applications, offering protection against weathering and UV light. Epoxy coatings also see solid demand for their durability, especially in construction and shipbuilding.
Market Analysis by Technology
Solvent-borne coatings account for about 40% of the 2024 market, valued for their quick drying and functionality in humid conditions, despite high VOC content. Water-borne coatings grow fastest, favored for being eco-friendly, quick-drying, and less flammable.
Market Analysis by Function
Corrosion protection is the largest and fastest-growing segment, essential for preventing damage in harsh operating environment
Market Analysis by End-Use Sector
The general industrial and manufacturing sector remains the largest market for industrial coatings. However, the automotive and transportation sector is poised for faster growth due to rising vehicle production and the need for protective coatings.
Key Metrics
- Historical Period: 2021-2023
- Base Year: 2024
- Forecast Period: 2024-2030
- Units: Value market in US$
- Companies Mentioned: 25+
Geographic Regions Covered
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 360 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $119.8 Billion |
| Forecasted Market Value (USD) by 2030 | $152.7 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Companies Featured
- 3M Company
- Advanced Nanotech Lab
- AkzoNobel NV
- Asian Paints Ltd
- Axalta Coating Systems LLC
- Barpimo Coatings SA
- BASF SE
- Beckers Group
- Berger Paints India Ltd
- Carpoly Chemical Group Co Ltd
- Chugoku Marine Paints Ltd
- Daw SE
- Diamond Vogel Paint Co
- Hempel A/S
- Henkel AG & Co KGaA
- Industrial Coatings Ltd
- Jotun A/S
- Kansai Paint Co Ltd
- Masco Corp
- Nippon Paint Holdings Co Ltd
- NOROO Paint & Coatings Co Ltd
- PPG Industries, Inc.
- RPM International, Inc.
- SIKA AG
- Teknos Group Oy
- The Chemours Co FC LLC
- The Sherwin-Williams Co
- Tikkurila Oyj
- Valspar Corp
- Wacker Chemie AG
- Weilburger Coatings GmbH
For more information about this report visit https://www.researchandmarkets.com/r/1ilffc
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250513500819/en/
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