Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industrial coatings, protective layers applied to surfaces, serve the dual purpose of shielding them from environmental damage and enhancing their appearance. These coatings are based on various resin types, such as acrylic, alkyd, epoxy, fluoropolymer, polyester, and polyurethane. They find applicability across multiple end-use sectors including aerospace, automotive & transportation, construction, electronics, general industrial & manufacturing, industrial wood, marine, and oil & gas. Their primary functions encompass protection against abrasion, chemicals, corrosion, and heat, utilizing solvent-borne, water-borne, and powder-based coatings tailored to specific needs. Global Market Overview The global demand for industrial coatings is projected to reach USD 119.8 billion by 2024, maintaining a compound annual growth rate (CAGR) of 4.1% from 2024 to 2030, eventually reaching USD 152.7 billion. Several key factors drive this demand, including growth in major end-use sectors...

Industry Experts, Inc. released an updated 2021 version of the report " Industrial Coatings – A Global Market Overview ". As per the new report, Asia-Pacific is the largest global market for Industrial Coatings, estimated to account for a share of 46.4% in 2020, which is also expected to maintain the fastest 2020-2026 CAGR of 4.6%. The Industrial Coatings market posted a decline of about 3% between 2019 and 2020 and is now expected to be on the track to recovery, provided the second wave of the pandemic is brought under control as soon as possible. Europe, North America and South America have been the regions to have suffered the maximum brunt of decreases in demand for Industrial Coatings and recoveries are likely to be on the slower side over the coming few years. Asia-Pacific has been the outlier in this regard, as can be evinced from the region's overall low decrease between 2019 and 2020, the primary factor for which has been China that has maintained positive growt...