Product Code: GVR-4-68038-686-8
Industrial Coatings Market Growth & Trends:
The global industrial coatings market size is estimated to reach USD 116.68 billion by 2030, registering a CAGR of 3.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing product demand from the general industry, automotive & refinish, oil & gas, marine, mining, power generation, electronics, aerospace, and other application industries is expected to propel market growth. Industrial coatings are widely used in general industrial applications, such as in heat exchangers, steel structures, containers, concrete, furniture, appliances, and material handling equipment, to protect them from heat and humidity. It also helps protect equipment against corrosion, abrasion, and chemical attack, thereby improving product efficiency.
Emerging economies, such as Brazil, China, and India, are expected to provide new growth opportunities for the market on account of rapid industrialization. The presence of a large number of manufacturers is also projected to fuel the demand for industrial coatings for general industrial applications. However, the outbreak of COVID-19 in China and other countries, including India, Australia, Thailand, and Japan, resulted in the lockdown of major cities and caused a sharp slowdown in the manufacturing industries, which hindered market growth. Based on the product segment, alkyd is anticipated to grow at a substantial growth rate over the forecast period. Alkyd coatings are used in an industrial environment majorly for metal coatings. These coatings have good gloss & color retention and corrosion resistance properties.
They increase the durability of metal, which finds application in the coating of various structures, such as bridges, towers, oil & gas plants, automotive parts, and marine vessels. Rising product demand is also attributed to its expanding application scope in the construction, automotive, and oil & gas industries. The presence of low VOC contents is expected to drive the segment growth in matured Europe market and the U.S. and Canada. The powder-based coatings segment is projected to witness a considerable growth rate during the forecast period. It is more durable and eco-friendlier compared to its counterparts. Powder coatings have negligible VOC content due to the absence of solvents and thus, they comply more efficiently and economically with the Environmental Protection regulations.
Industrial Coatings Market Report Highlights:
- Asia Pacific dominated the global industry in 2024 and will expand further at the fastest CAGR during the forecast period
- The acrylic segment led the industry in 2024 owing to its rising demand in various end-use industries
- Powder-based coatings are widely used in agricultural equipment, automotive, machine components, mechanical parts & building facades, and electrical fixtures to prevent corrosion and provide a thicker coating
- Increasing demand for farming equipment, such as tractors, in Brazil, India, and China is expected to boost the demand for powder-based industrial coatings
- Various strategic initiatives were recorded over the past few years to boost the industry growth.
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information Analysis
- 1.5 Market Formulation & Data Visualization
- 1.6 Data Validation & Publishing
- 1.6.1 Research Scope and Assumptions
- 1.6.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Industrial Coatings: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Paints & Coatings Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.3 Raw Material Trends
- 3.4 Manufacturing & Technology Trend
- 3.4.1 Solvent Based
- 3.4.2 Water Based
- 3.4.3 Powder-Based Coatings
- 3.5 Sales Channel Analysis
- 3.6 Price Trend Analysis, 2018 - 2030
- 3.6.1 Factors Influencing Prices Of Industrial Coatings
- 3.7 Regulatory Framework
- 3.7.1 Acrylic Resin
- 3.7.2 Epoxy Resin
- 3.7.3 Polyurethane Resin
- 3.7.4 Alkyd Resin
- 3.7.5 Alkyd Resin
- 3.8 Market Dynamics
- 3.8.1 Market Driver Analysis
- 3.8.1.1 Growing Construction Activities Globally
- 3.8.1.2 Increasing Automotive Production Globally
- 3.8.2 Market Restraint Analysis
- 3.8.2.1 Stringent Regulations Regarding Toxic Solvents
- 3.8.3 Industry Challenges
- 3.8.4 Industrial Opportunities
- 3.9 Industry Analysis Tools
- 3.9.1 Porters Analysis
- 3.9.2 Macroeconomic Analysis- Pestle Analysis
Chapter 4 Industrial Coatings Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Market Share, 2023 & 2030
- 4.1.1 Acrylic
- 4.1.2 Alkyd
- 4.1.3 Polyurethane
- 4.1.4 Epoxy
- 4.1.5 Polyester
- 4.1.6 Other Products
Chapter 5 Industrial Coatings Market: Technology Estimates & Trend Analysis
- 5.1 Technology Movement Analysis & Market Share, 2023 & 2030
- 5.2 Solvent-borne
- 5.3 Water-borne
- 5.4 Powder-based
- 5.5 Other Technologies
Chapter 6 Industrial Coatings Market: End Use Estimates & Trend Analysis
- 6.1 End Use Movement Analysis & Market Share, 2023 & 2030
- 6.2 General Industrial
- 6.3 Marine
- 6.4 Automotive & Vehicle Refinish
- 6.5 Electronics
- 6.6 Aerospace
- 6.7 Oil & Gas
- 6.8 Mining
- 6.9 Power Generation
- 6.10 Other End Use
Chapter 7 Industrial Coatings Market: Regional Estimates & Trend Analysis
- 7.1 Industrial Coatings Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 U.S. industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Canada Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Mexico Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3 Europe
- 7.3.1 Europe Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2 Germany
- 7.3.2.1 Germany Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3 UK
- 7.3.3.1 UK Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4 France
- 7.3.4.1 France Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5 Italy
- 7.3.5.1 Italy Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6 Spain
- 7.3.6.1 Spain Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2 China
- 7.4.2.1 China Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3 India
- 7.4.3.1 India Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4 Japan
- 7.4.4.1 Japan Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5 South Korea
- 7.4.5.1 South Korea Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5 Central & South America
- 7.5.1 Central & South America Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3 Argentina
- 7.5.3.1 Argentina Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2 South Africa
- 7.6.2.1 South Africa Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Saudi Arabia Industrial Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Recent Developments by Key Players & Their Impact
- 8.2 Key Company Categorization
- 8.3 Company Market Positioning Analysis, 2023
- 8.4 Company Heat Map Analysis
- 8.6 Strategy Mapping
- 8.6.1 Product Launch
- 8.6.2 Expansion
- 8.6.3 Merger & Acquisition
- 8.6.4 Research & Development
- 8.6.5 Collaborations/Partnerships
Chapter 9 Industrial Coatings Market: Company Profiles
- 9.1 Recent Developments & Their Impact On The Industry
- 9.2 Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 9.3 Company Market Share Analysis, 2024
- 9.4 Company Heat Map Analysis
- 9.5 Strategy Mapping
- 9.6 Company Listing
- 9.6.1 Akzo Nobel N.V.
- 9.6.1.1 Company Overview
- 9.6.1.2 Financial Performance
- 9.6.1.3 Product Benchmarking
- 9.6.1.4 Strategic Initiatives
- 9.6.2 Axalta Coating Systems, LLC
- 9.6.2.1 Company Overview
- 9.6.2.2 Financial Performance
- 9.6.2.3 Product Benchmarking
- 9.6.2.4 Strategic Initiatives
- 9.6.3 Jotun A/S
- 9.6.3.1 Company Overview
- 9.6.3.2 Financial Performance
- 9.6.3.3 Product Benchmarking
- 9.6.4 PPG Industries Inc.
- 9.6.4.1 Company Overview
- 9.6.4.2 Financial Performance
- 9.6.4.3 Product Benchmarking
- 9.6.4.4 Strategic Initiatives
- 9.6.5 The Sherwin-Williams Company
- 9.6.5.1 Company Overview
- 9.6.5.2 Financial Performance
- 9.6.5.3 Product Benchmarking
- 9.6.5.4 Strategic Initiatives
- 9.6.6 Nippon Paint Holdings Co., Ltd.
- 9.6.6.1 Company Overview
- 9.6.6.2 Financial Performance
- 9.6.6.3 Product Benchmarking
- 9.6.6.4 Strategic Initiatives
- 9.6.7 BASF SE
- 9.6.7.1 Company overview
- 9.6.7.2 Financial performance
- 9.6.7.3 Product benchmarking
- 9.6.7.4 Strategic Initiatives
- 9.6.8 Hempel A/S
- 9.6.8.1 Company overview
- 9.6.8.2 Financial performance
- 9.6.8.3 Product benchmarking