Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Industrial Specialty Coatings Market by Type (Anticorrosive Coatings, Fire Retardant Coating, Insulation Coating, Other), By Application (Automobile Industry, Shipping Industry, Equipment Manufacturing Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Industrial Specialty Coatings Market by Type (Anticorrosive Coatings, Fire Retardant Coating, Insulation Coating, Other), By Application (Automobile Industry, Shipping Industry, Equipment Manufacturing Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134008 3300 Chemical & Material 377 242 Pages 4.5 (47)
                                          

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.


Global Industrial Specialty Coatings Industry Outlook


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:

  1. Akzo-Nobel
  2. Henkel
  3. BASF
  4. Sherwin-Williams
  5. Dow
  6. Mitsui
  7. Sumitomo
  8. Mitsubishi
  9. HuaRun
  10. CARPOLY
  11. Usarrow
  12. Usapollo
  13. DuPont
  14. Nippon
  15. Valspar
  16. PPG Industries

Global Industrial Specialty Coatings Market Overview


Highlights of The Industrial Specialty Coatings Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Anticorrosive Coatings
    2. Fire Retardant Coating
    3. Insulation Coating
    4. Other
  1. By Application:

    1. Automobile Industry
    2. Shipping Industry
    3. Equipment Manufacturing Industry
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Industrial Specialty Coatings Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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