Post Covid-19 Update: Industrial Coatings Market To Reach Usd 132 Billion By 2027 | Cagr 4.4% — Forencis Research

  • According to the new market research report “Industrial Coatings Market by Resin Type (Polyurethane, Epoxy, Acrylic, Polyester Alkyd, Fluoropolymer), by Technology (Powder Based, Water Based, Solvent Based, High Solid, Radiation Curable), by End-User (General Industries, Automotive & Vehicle Refinish, Marine, Aerospace, Oil & Gas, Electronics, Industrial Wood), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2020 to 2027)”, the global industrial coatings market is estimated to reach USD 132 Billion by 2027 at a CAGR of around 4.4% during the review period.
  • Industrial coatings are the various type of material that used to protect or provide useful properties such as chemical resistance, water resistance, flexibility, abrasion resistance, impact resistance, and UV light resistance to many end-use industries.
  • The coating prevents the material form the corrosion by acting as a barrier between the metals/alloys and the corrosive materials in contact.
  • Industrial coatings are extensively used in various application including general industrial, automotive and vehicle refinish, electronics, aerospace, oil and gas, mining, marine, and power generation.
  • Industrial coating possesses characteristics such as chemical resistance, abrasion resistance, water resistance, flexibility, impact resistance, and UV light resistance are fueling the use of industrial coatings in various applications such as concrete, steel, floor, roofs, wall, and other industrial materials.
  • Booming automotive sectors has expected to spur the industrial coating market.
  • Moreover, rising demand for environmentally friendly coatings is expected to drive the industrial coatings market during the forecast period.
  • However, the environmental and health hazards concern regarding VOC is expected to hamper the market growth up to a certain extent.
  • Asia-Pacific
  • Europe
  • Akzo Nobel N.V.:
  • Axalta Coating Systems, LLC:

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