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Industrial Coatings Market Size to Grow by USD 16.74 Bn | Market Share, Trends, and Growth Analysis | Technavio

Market Dynamics

Factors such as surging demand for waterborne coatings and the growing automotive industry in APAC will be crucial in driving the growth of the market. But the volatile raw material prices will restrict the market growth.

The increased focus on R&D is expected to open multiple growth opportunities for players in the market. But the switching costs associated with waterborne coatings might impact the business of vendors during the forecast period.

Company Profiles

The industrial coatings market report includes information on the product launches, sustainability, and prospects of leading vendors including Akzo Nobel NV, Allnex Netherlands BV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Covestro AG, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co.

Competitive Analysis

The competitive scenario provided in the industrial coatings market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Application, the market is classified into general industrial, automotive OEMs, automotive refinishes, and others. The market growth in the general industrial segment will be significant during the forecast period.
  • By Geography, the market is analyzed across APAC, Europe, North America, MEA, and South America. APAC will have the largest share of the market.

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Industrial Coatings Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of almost 4%

Market growth 2021-2025

$ 16.74 billion

Market structure

Fragmented

YoY growth (%)

2.90

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 56%

Key consumer countries

China, Germany, US, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Akzo Nobel NV, Allnex Netherlands BV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Covestro AG, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., and The Sherwin-Williams Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Industrial Coatings Market Size to Grow by USD 16.74 Bn | Market Share, Trends, and Growth Analysis | Technavio
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Source: https://www.prnewswire.com:443/news-releases/industrial-coatings-market-size-to-grow-by-usd-16-74-bn–market-share-trends-and-growth-analysis–technavio-301395378.html

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