Market Overview:
The global industrial specialty 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 anticorrosive coatings, fire retardant coatings, insulation coatings, and other industrial specialty coatings across different industries. The automobile industry is expected to be the fastest-growing application segment for industrial specialty coatings during the forecast period. North America is expected to lead the global market in terms of revenue generated by sales of industrial specialty coating products during 2018-2030.
Product Definition:
Industrial specialty coatings are applied to products to protect them from the environment and enhance their performance. These coatings can be used on a variety of substrates, including metals, plastics, and composites. They are often used in industries such as automotive, aerospace, marine, and construction.
Anticorrosive Coatings:
Anticorrosive coatings are used in various industries such as oil & gas, petrochemical, power generation and marine. These coatings provide protection from corrosion by forming a layer of oxide during the corrosion process. The product is available in different forms such as powder, liquid and paste which can be applied to various metals by using techniques such as spray coating or dip coating.
Anticorrosive paints are widely used for providing protection against corrosive gases & liquids.
Fire Retardant Coating:
Fire retardant coatings are primarily applied to industrial specialty coatings, which include powder coating, electroplating, and others. These coatings protect the coated material from heat-related hazards by extending the time of surface temperature at which a fire may occur. The primary function of these types of coatings is to delay or prevent ignition in an area where it can cause a hazardous situation.
Application Insights:
Automotive application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars and commercial vehicles, especially in China, India, South Korea and Japan. Moreover, stringent regulations on reducing carbon emissions are likely to drive product demand from automotive industry over the coming years.
The equipment manufacturing industry also holds significant share owing to rising use of specialty coatings in various industries including oil & gas processing plants and chemical plants among others. Specialty coatings are used for corrosion resistance on metal surfaces that come into contact with chemicals or harsh environments such as seawater or freshwater due process oils etc. Other major applications include energy generation facilities (power plants)and other industrial infrastructure such as storage tanks which are used across several industries worldwide including oil & gas processing plant equipment manufacturing facilities etc.
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 35% in 2017. The region is expected to witness significant growth in terms of volume as well as revenue during the forecast period. This can be attributed to increasing industrialization and rapid urbanization across emerging economies, such as China, India, Indonesia, Malaysia and Thailand.
The Asia Pacific economy has been growing at a steady pace since 2010 on account of strong macroeconomic factors including high GDP growth rates coupled with rising foreign investments in various sectors including manufacturing and infrastructure development. These factors are anticipated to drive demand for specialty coatings over the next eight years from 2018 to 2030.
Europe accounted for more than 25% market share owing to stringent regulations by regulatory bodies like ECHA regarding production.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing demand for corrosion protection coatings
- Rising popularity of powder coatings
- Increasing use of specialty coatings in medical devices and implants
- Technological advancements in industrial coating formulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Specialty Coatings Market Research Report
By Type
Anticorrosive Coatings, Fire Retardant Coating, Insulation Coating, Other
By Application
Automobile Industry, Shipping Industry, Equipment Manufacturing Industry, Other
By Companies
Akzo-Nobel, Henkel, BASF, Sherwin-Williams, Dow, Mitsui, Sumitomo, Mitsubishi, HuaRun, CARPOLY, Usarrow, Usapollo, DuPont, Nippon, Valspar, PPG Industries
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Specialty Coatings Market Report Segments:
The global Industrial Specialty Coatings market is segmented on the basis of:
Types
Anticorrosive Coatings, Fire Retardant Coating, Insulation Coating, Other
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
Automobile Industry, Shipping Industry, Equipment Manufacturing Industry, Other
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:
- Akzo-Nobel
- Henkel
- BASF
- Sherwin-Williams
- Dow
- Mitsui
- Sumitomo
- Mitsubishi
- HuaRun
- CARPOLY
- Usarrow
- Usapollo
- DuPont
- Nippon
- Valspar
- PPG Industries
Highlights of The Industrial Specialty 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:
- Anticorrosive Coatings
- Fire Retardant Coating
- Insulation Coating
- Other
- By Application:
- Automobile Industry
- Shipping Industry
- Equipment Manufacturing Industry
- Other
- 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 Specialty 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.
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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 specialty coatings are a type of coating that are used in industrial and commercial settings. They are designed to protect surfaces from the elements, such as rain, snow, ice, and sunlight.
Some of the major players in the industrial specialty coatings market are Akzo-Nobel, Henkel, BASF, Sherwin-Williams, Dow, Mitsui, Sumitomo, Mitsubishi, HuaRun, CARPOLY, Usarrow, Usapollo, DuPont, Nippon, Valspar, PPG Industries.
The industrial specialty coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Specialty Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Specialty Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Specialty Coatings Market - Supply Chain
4.5. Global Industrial Specialty Coatings Market Forecast
4.5.1. Industrial Specialty Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Specialty Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Specialty Coatings Market Absolute $ Opportunity
5. Global Industrial Specialty Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Specialty Coatings Market Size and Volume Forecast by Type
5.3.1. Anticorrosive Coatings
5.3.2. Fire Retardant Coating
5.3.3. Insulation Coating
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Specialty Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Specialty Coatings Market Size and Volume Forecast by Application
6.3.1. Automobile Industry
6.3.2. Shipping Industry
6.3.3. Equipment Manufacturing Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Specialty Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Specialty Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Specialty Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Specialty Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Specialty Coatings Demand Share Forecast, 2019-2029
9. North America Industrial Specialty Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Specialty Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Specialty Coatings Market Size and Volume Forecast by Application
9.4.1. Automobile Industry
9.4.2. Shipping Industry
9.4.3. Equipment Manufacturing Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Specialty Coatings Market Size and Volume Forecast by Type
9.7.1. Anticorrosive Coatings
9.7.2. Fire Retardant Coating
9.7.3. Insulation Coating
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Specialty Coatings Demand Share Forecast, 2019-2029
10. Latin America Industrial Specialty Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Specialty Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Specialty Coatings Market Size and Volume Forecast by Application
10.4.1. Automobile Industry
10.4.2. Shipping Industry
10.4.3. Equipment Manufacturing Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Specialty Coatings Market Size and Volume Forecast by Type
10.7.1. Anticorrosive Coatings
10.7.2. Fire Retardant Coating
10.7.3. Insulation Coating
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Specialty Coatings Demand Share Forecast, 2019-2029
11. Europe Industrial Specialty Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Specialty Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Specialty Coatings Market Size and Volume Forecast by Application
11.4.1. Automobile Industry
11.4.2. Shipping Industry
11.4.3. Equipment Manufacturing Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Specialty Coatings Market Size and Volume Forecast by Type
11.7.1. Anticorrosive Coatings
11.7.2. Fire Retardant Coating
11.7.3. Insulation Coating
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Specialty Coatings Demand Share, 2019-2029
12. Asia Pacific Industrial Specialty Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Specialty Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Specialty Coatings Market Size and Volume Forecast by Application
12.4.1. Automobile Industry
12.4.2. Shipping Industry
12.4.3. Equipment Manufacturing Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Specialty Coatings Market Size and Volume Forecast by Type
12.7.1. Anticorrosive Coatings
12.7.2. Fire Retardant Coating
12.7.3. Insulation Coating
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Specialty Coatings Demand Share, 2019-2029
13. Middle East & Africa Industrial Specialty Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Specialty Coatings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Specialty Coatings Market Size and Volume Forecast by Application
13.4.1. Automobile Industry
13.4.2. Shipping Industry
13.4.3. Equipment Manufacturing Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Specialty Coatings Market Size and Volume Forecast by Type
13.7.1. Anticorrosive Coatings
13.7.2. Fire Retardant Coating
13.7.3. Insulation Coating
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Specialty Coatings Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Specialty Coatings Market: Market Share Analysis
14.2. Industrial Specialty Coatings Distributors and Customers
14.3. Industrial Specialty Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akzo-Nobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Henkel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sherwin-Williams
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dow
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsui
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sumitomo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HuaRun
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CARPOLY
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Usarrow
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Usapollo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. DuPont
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nippon
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Valspar
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. PPG Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook