Industrial Coatings Market is expected to Generate Huge Profits by 2022: Vendors- AkzoNobel N.V, BASF SE and Valspar

Industrial Coatings Market -by Types (water based coatings, powder coatings, solvent based coatings), by Application (automotive OEMs, marine coatings, protective & maintenance coatings, coil coatings, packaging coatings, wood coatings) and by Region - Forecast to 2022

Pune, India - March 10, 2017 /MarketersMedia/ —

Market Highlights
global industrial coatings market in 2015 was USD 24.2 billion and is expected to grow at CAGR of 3.9% between 2016 to 2022.

Global industrial coatings market witnesses a strong growth due to demand of steel from the residential and infrastructure sector owing to its characteristics which includes corrosion resistance, enhanced service life and improve product aesthetic. Suppliers in these segments are looking out for technological innovations so that maximum durable products can be generated and there is less replacement cost for manufacturers. Government is spending on infrastructure along with this increase in FDI policy is boosting the demand for industrial coating in end user industries. Strict guidelines of government regarding emission of Volatile Organic Compound (VOC) and manufacturing of other petrochemical products which will affect in the environment negatively can hamper the market in the coming years.

Key Players
• AkzoNobel N.V,
• BASF SE,
• PPG Industries Inc.,
• Valspar (U.S.),
• Sherwin-Williams Co. Ltd,
• DuPont Co,
• NOROO Paints & Coatings,
• Asian Paints,
• Burke Industrial Coatings,
• Industrial Nanotech, Inc.
• others.

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In terms of volume, global industrial coatings market is used for protecting products from corrosion as well as protecting them from getting exposed to other chemicals. Industrial coatings are broadly classified into solvent based, powder based and water based coatings. Water based coatings has taken the maximum market share owing to ease in handling, low VOC content and low emission of carbon. Powder based coatings are less volatile so they are used for enhancing the visual appeal of an object. These coatings are majorly used in household appliances, automobiles and industrial coatings.

Segmentation:
Segmentation by types of industrial coatings
• water based coatings,
• powder coatings,
• solvent based coatings.
Segmentation by application automotive OEMs
• marine coatings
• protective & maintenance coatings
• coil coatings
• packaging coatings
• wood coatings
• others.

Asia Pacific accounts for largest share of global industrial coatings market. China being a largest producer of paints & coatings demand for industrial coatings on a large scale. Rapid industrializations, favorable government regulations and increase in consumer spending will significantly grow the industrial coatings market in emerging economies such as China, India and Japan. This market in North America is witnessing a constant growth due to stable marine activities, currency fluctuations as a result of uncertainties and lowering price of oil crude. Government of counties like Indonesia, Thailand, Malaysia are increase trade which is supporting industries through tax subsidies, regulations and incentives.

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Table of Content
1.Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Industrial Coatings Market
5 Industry Overview of Global Industrial Coatings Market
Continue……..

List of Tables
Table 1 World Population by Major Regions (2015 To 2030) (Billion)
Table 2 Global Industrial Coatings Market: By Region, 2014-2022 (USD Billion)
Table 3 North America Industrial Coatings Market: By Country, 2014-2022 (USD Billion)
Table 4 Europe Industrial Coatings Market: By Country, 2014-2022 (USD Billion)
Table 5 Asia-Pacific Industrial Coatings Market: By Country, 2014-2022 (USD Billion)
Continue……

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