Market Overview:
The global industrial paints and coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial paints and coatings from various end-use industries, such as machinery manufacturing, automotive, and consumer goods. In terms of type, the water-based segment is expected to dominate the global industrial paints and coatings market during the forecast period. This can be attributed to its low toxicity levels and environmental friendliness as compared with other types of industrial paints and coatings.
Product Definition:
Industrial paints and coatings are paints and coatings that are used in industrial applications. These applications can include anything from manufacturing to construction. Industrial paints and coatings can be used to protect surfaces from wear and tear, corrosion, or other damage. They can also be used to improve the appearance of surfaces or increase the efficiency of machines.
Water-based:
Water-based paints and coatings are widely used in industrial applications such as metal finishing, woodworking, concrete finishing among others. The growth of the construction industry is a major driver for water-based paints and coatings market globally. Growth of the construction industry in emerging markets like India, China among others is expected to have a positive impact on water-based paint & coating market over the forecast period.
Solvent-based:
Solvent-based paints and coatings are widely used in industrial applications such as metal coating, wood finishing, concrete sealing and others. They comprise of two components: a carrier or binder which is usually a solvent (diluent) and pigments; the latter being the active ingredient. The product is applied in solid form with brush, roller or sprayer; after which it dries to provide an even coating on the surface.
Application Insights:
The machinery manufacturing application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to increasing demand for industrial machinery across various industries, such as construction, mining, food processing and packaging. Furthermore, growth of key markets including China and India is expected to boost industry expansion over the next eight years.
Automotive was another major application segment that accounted for a significant revenue share in 2017 owing to rising demand for passenger vehicles across various regions of the world including North America and Europe. In addition, rapid growth of automotive sector in emerging economies such as China and India will further propel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Rapid industrialization coupled with increasing foreign investments in these countries has resulted in growing demand for industrial paints and coatings from various end-use industries such as machinery manufacturing, automotive and construction.
The growth of the Asia Pacific market can also be attributed to rising product adoption across numerous industries due to their enhanced performance characteristics compared to traditional counterparts. Furthermore, favorable government regulations aimed at promoting domestic production activities are anticipated to drive regional market development over the coming years.
Europe accounted for a significant share of global revenue on account of high product penetration across major countries such as Germany, France Italy Spain U K.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing awareness about the benefits of industrial paints and coatings
- Rising demand for eco-friendly and water-based industrial paints and coatings
- Technological advancements in the manufacturing of industrial paints and coatings
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Paints and Coatings Market Research Report
By Type
Water-based, Solvent-based, Powder, UV-based
By Application
Machinery Manufacturing, Automotive, Consumer Goods
By Companies
AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, RPM International, Valspar Corporation, Kansai Paint Company, AkzoNobel N.V.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Paints and Coatings Market Report Segments:
The global Industrial Paints and Coatings market is segmented on the basis of:
Types
Water-based, Solvent-based, Powder, UV-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery Manufacturing, Automotive, Consumer Goods
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel N.V.
- PPG Industries
- The Sherwin-Williams Company
- RPM International
- Valspar Corporation
- Kansai Paint Company
- AkzoNobel N.V.
Highlights of The Industrial Paints and Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water-based
- Solvent-based
- Powder
- UV-based
- By Application:
- Machinery Manufacturing
- Automotive
- Consumer Goods
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Paints and Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial paints and coatings are products used in industrial settings to protect surfaces from the elements, improve appearance, and provide a durable finish. They can be used on metal, plastic, wood, and other materials.
Some of the major players in the industrial paints and coatings market are AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, RPM International, Valspar Corporation, Kansai Paint Company, AkzoNobel N.V..
The industrial paints and coatings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Paints and Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Paints and Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Paints and Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Paints and Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Paints and Coatings Market Size & Forecast, 2018-2028
4.5.1 Industrial Paints and Coatings Market Size and Y-o-Y Growth
4.5.2 Industrial Paints and Coatings Market Absolute $ Opportunity
Chapter 5 Global Industrial Paints and Coatings Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Paints and Coatings Market Size Forecast by Type
5.2.1 Water-based
5.2.2 Solvent-based
5.2.3 Powder
5.2.4 UV-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Paints and Coatings Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Paints and Coatings Market Size Forecast by Applications
6.2.1 Machinery Manufacturing
6.2.2 Automotive
6.2.3 Consumer Goods
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Paints and Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Paints and Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Paints and Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Paints and Coatings Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Paints and Coatings Market Size Forecast by Type
9.6.1 Water-based
9.6.2 Solvent-based
9.6.3 Powder
9.6.4 UV-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Paints and Coatings Market Size Forecast by Applications
9.10.1 Machinery Manufacturing
9.10.2 Automotive
9.10.3 Consumer Goods
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Paints and Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Paints and Coatings Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Paints and Coatings Market Size Forecast by Type
10.6.1 Water-based
10.6.2 Solvent-based
10.6.3 Powder
10.6.4 UV-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Paints and Coatings Market Size Forecast by Applications
10.10.1 Machinery Manufacturing
10.10.2 Automotive
10.10.3 Consumer Goods
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Paints and Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Paints and Coatings Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Paints and Coatings Market Size Forecast by Type
11.6.1 Water-based
11.6.2 Solvent-based
11.6.3 Powder
11.6.4 UV-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Paints and Coatings Market Size Forecast by Applications
11.10.1 Machinery Manufacturing
11.10.2 Automotive
11.10.3 Consumer Goods
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Paints and Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Paints and Coatings Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Paints and Coatings Market Size Forecast by Type
12.6.1 Water-based
12.6.2 Solvent-based
12.6.3 Powder
12.6.4 UV-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Paints and Coatings Market Size Forecast by Applications
12.10.1 Machinery Manufacturing
12.10.2 Automotive
12.10.3 Consumer Goods
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Paints and Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Paints and Coatings Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Paints and Coatings Market Size Forecast by Type
13.6.1 Water-based
13.6.2 Solvent-based
13.6.3 Powder
13.6.4 UV-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Paints and Coatings Market Size Forecast by Applications
13.10.1 Machinery Manufacturing
13.10.2 Automotive
13.10.3 Consumer Goods
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Paints and Coatings Market: Competitive Dashboard
14.2 Global Industrial Paints and Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel N.V.
14.3.2 PPG Industries
14.3.3 The Sherwin-Williams Company
14.3.4 RPM International
14.3.5 Valspar Corporation
14.3.6 Kansai Paint Company
14.3.7 AkzoNobel N.V.
