Industrial Coatings Market Overview:
Industrial Coating are used for a multiple application across industries for a range of advantages it offers. Primarily for protecting the substances from various types of corrosion. Specifically, to prevent concrete or steel from corroding and to make these materials more fire resistant. Industrial Coatings are extensively used in industries like automotive, building & construction, marine, O&G, medical & healthcare. Government legislation regarding Volatile Organic Compound (VOC) content has augmented the demand for innovative and bio-based coatings that can offer increased service life & improve corrosion resistance. This demand from the end user industries have prompted the manufacturers to develop environmentally sustainable Industrial Coating which offer similar coating properties compared to established systems. These factors are fuelling the market growth of Industrial Coating globally allowing market to garner phenomenal prominence.
Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Industrial Coating market is expected grow to USD 31.4 billion by 2025, registering 3.9 % of a CAGR during the anticipated period (2018 – 2025). In 2016, the market was valued to be USD 24.2 billion.
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Demand from the burgeoning industries like automotive, construction, healthcare is predominantly driving the market growth fuelling the demand for protective & maintenance coatings, coil coatings, packaging coatings, wood coatings and marine coatings. Additionally, increase in demand for fire resistant and corrosion resistant especially from the building & construction sector has estimated to increase the demand of industrial coating in the forecasted period. Coil coatings and general finish coatings are too witnessing an augmented demand in the electrical and automotive sector which is estimated to propel the market growth.
Industry/ Innovation/Related News:
January 18, 2018 - Adaptive Surface Technologies, Inc. (UK) a global provider of line of industrial coatings announced the product launch of SLIPS® Repel. Designed for large industrial liquid containers, SLIPS®Repel coatings create a slippery, self-healing liquid layer on surfaces to allow sticky materials to easily flow through industrial production systems with virtually no residue left behind.
January 16, 2018 - Axalta Coating Systems (US) global provider of Industrial coatings providing with innovative, colorful, beautiful and sustainable solutions for automotive OEM announced the launch of two new apps and a new feature to an existing app that are designed to help customers complete tasks more quickly and accurately. Some more features of Axalta Apps include ‘General Industrial Product System Selector App’ analyses user inputs to recommend best coatings solution, ‘China OEM and Refinish Digital Color App’ boosts productivity with on-demand library of more than four million color formulas, snap a picture, and get a color match with the north America ‘Industrial Color Matching App’ for liquid and powder coatings
Industrial Coating Market Competitive Landscape:

The Industrial Coating Market appears to be highly competitive owing to the presence of numerous well-established vendors. The vendors compete in terms of price, quality, branding, and customer service. Since product differentiation is low and a wide range of similar products are available in the market, vendors aim to minimize the brand recall of their products among consumers through effective marketing communications. The Industrial Coating Market demonstrates a high potential growth due to which several new entrants are expected to get attracted to this market during the anticipated period.
Industrial Coatings Market Key Players:
The competitors in the global Industrial Coating market are consistently devising strategic roadmaps to leverage the potential of the market. The competitive nature of the market has brought-in more growth and innovation in the market. Some of the notable companies operating in this proliferating market are Valspar (U.S.), Industrial Nanotech, Inc., DuPont Co, NOROO Paints & Coatings, Asian Paints, Sherwin-Williams Co. Ltd, PPG Industries Inc., BASF SE, Burke Industrial Coatings, and others.
Industrial Coatings Market Table Of Contents to be Continue…...,
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