Demand for Automotive Applications to Lead Growth for Industrial Coatings Market to Reach $108 billion by 2026 – Market Report (2017-2026) by Industry Experts Inc
Thursday 03 Jun 2021
Industry Experts, Inc. released an updated 2021 version of the report "Industrial Coatings – A Global Market Overview". As per the new report, Asia-Pacific is the largest global market for Industrial Coatings, estimated to account for a share of 46.4% in 2020, which is also expected to maintain the fastest 2020-2026 CAGR of 4.6%.
The Industrial Coatings market posted a decline of about 3% between 2019 and 2020 and is now expected to be on the track to recovery, provided the second wave of the pandemic is brought under control as soon as possible. Europe, North America and South America have been the regions to have suffered the maximum brunt of decreases in demand for Industrial Coatings and recoveries are likely to be on the slower side over the coming few years. Asia-Pacific has been the outlier in this regard, as can be evinced from the region's overall low decrease between 2019 and 2020, the primary factor for which has been China that has maintained positive growth, albeit a declining one between the above-mentioned years.
Solvent-Based Coatings lead the worldwide demand for Industrial Coatings, which accounted for a share of 43% share in 2020 while the global market for Water-Based Coatings is likely to clock the fastest 2020-2026 CAGR of 3.8. Solvent-Based and Water-Based Solvents jointly accounted for over 80% in 2020.
The market for Industrial Coatings types analyzed in this report comprise Acrylic Coatings, Alkyd Coatings, Epoxy Coatings, Fluoropolymer Coatings, Polyester Coatings, Polyurethane Coatings and Others. Key technologies of Industrial Coatings studied in this report includes Powder Coatings, Solvent-Based Coatings, Water-Based Coatings and Others while end-use applications market examined includes Aerospace, Automotive, General Industrial, Marine, Wood and Others.
This report reviews, analyzes and projects the Industrial Coatings market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of volume in Liters and value in USD. These regional markets further analyzed for 15 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; South America – Argentina and Brazil.
This 480 page report on Industry Coatings market includes 295 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, coating type, technology and major application area. This study profiles 37 key global players and 47 major players across the North America – 22; Europe – 17 and Asia-Pacific – 8. The report also provides the listing of the companies engaged in research & development, manufacturing, supply of industrial coatings. The global list of companies covers addresses, contact numbers and the website addresses of 150 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/industrial-coatings-a-global-market-overview