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Jul 17, 2017 11:45 AM ET

Industrial Coatings Market to Reach $130.9 Billion by 2022: Growing Need for Efficient Process And Durable Coatings With Better Aesthetics

iCrowdNewswire - Jul 17, 2017

The “Industrial Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Water, Solvent, High Solids, Powder), End-use Industry and Region – Global Forecasts to 2022” report has been added to Research and Markets’ offering.

The industrial coatings market is projected to reach USD 130.97 Billion by 2022, at a CAGR 5.91% from 2017 to 2022.

The market growth can be attributed to the increased demand for industrial coatings from the Asia Pacific region. The global industrial coatings market is largely driven by the rising demand from the automotive industry. Economic and demographic growth, increasing industrial activities, and growing urbanization are among the important drivers for the global industrial coatings market.

Manufacturers are engaged in business expansion to cater the increased demand for industrial coatings. However, formulation and implementation of new regulations, such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and various other directives to control solvent emissions are affecting the growth of the industrial coatings market across the globe. The Eurozone crisis of 2012 has also affected the growth of the industrial coatings market globally, as several companies reduced their production as part of their cost-cutting strategy to survive in the market.

By end-use industry, the automotive OEM segment is projected to grow at the highest CAGR during the forecast period. Increasing demand for industrial coatings from marine, aerospace, coil coating, transportation, rail coating, general industrial, industrial wood, protective, and packaging industries is projected to drive the global industrial coatings market during the forecast period.

Companies Mentioned

– Akzonobel N.V.
– Axalta Coating Systems
– Basf Coatings Gmbh
– Hempel A/S
– Jotun A/S
– Kansai Paints Co., Ltd.
– Nippon Paint Holdings Co., Ltd.
– PPG Industries Inc
– Rpm International Inc.
– The Sherwin-Williams Company
– Tikkurila Oyj
– Valspar Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industrial Coatings Market, By Resin Type

7 Industrial Coatings Market Analysis, By Technology

8 Industrial Coatings Market, By End-Use Industry

9 Industrial Coatings Market, By Region

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/pk36sg/industrial

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Paints and Coatings (https://www.researchandmarkets.com/categories.asp?cat_id=769&campaign_id=pk36sg)

Via iCrowdNewswire
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