出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年1月
Industrial Coatings Market – Global Forecast to 2028
工業用塗料市場 : タイプ (アクリル、アルキド、ポリエステル、ポリウレタン、エポキシ、フッ素ポリマー)、技術 (溶剤系塗料、水系塗料、粉体塗料)、最終用途産業 (一般産業)、地域別 – 2028年までの世界予測
Industrial Coatings Market by Type (Acrylic, Alkyd, Polyester, Polyurethane, Epoxy, Fluoropolymer), Technology (Solventborne Coatings, Waterborne Coatings, Powder Coatings), End-Use Industry (General Industrial), & Region – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
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Report Overview
The industrial coatings market size is projected to reach USD 129.2 billion by 2028 at a CAGR of 3.3% from USD 108.1 billion in 2022. The epoxy, by resin type segment is estimated to account for the largest share of the industrial coatings market in 2022.
Epoxy is likely to account for the largest share of industrial coatings market.
Epoxy resin-based coatings are applied in situations where robust corrosion resistance, exceptional mechanical and chemical properties, exceptional adhesion, and the capacity to meet demanding criteria are required. Appliances, metal furniture, car interior parts, and industrial equipment are among the many items that use these coatings. The industrial coatings based on epoxy resin are becoming more and more popular. These coatings prevent corrosion in metal cans and containers, act as primers in automotive and marine paints, and are expected to drive this industry.
Solventborne, technology accounted for the largest segment of industrial coatings market.
The booming marine, rail, and electrical & electronics sectors are driving the growth of the solventborne coatings market. Significant economic expansion and the development of numerous industries, including general manufacturing, have been facilitated by foreign investments, especially in countries such as Singapore, Indonesia, the Philippines, India, and others. The demand for industrial coatings is expected to increase throughout the projected period due to these patterns.
General Industrial, by end-use industry accounted for the largest segment of industrial coatings market.
Many industries are connected to the general industrial coatings market, which has a varied end user base. Growing populations, expanding infrastructure, rising living standards, rising global GDP, and expanding construction sector are the main factors propelling the general industrial coatings market.
Asia Pacific, by region is forecasted to be the fastest segment of industrial coatings market during the forecast period.
Due to rising consumer spending power, Asia Pacific is seeing a rise in the demand for luxury automobiles. Similarly, the demand for powder and aqueous coatings is being driven by significant investment in the region’s automotive industry. The robust expansion observed in Asia Pacific may be primarily ascribed to the region’s robust economic growth rate and substantial investments made in several industries, including furniture, building & construction, automotive, consumer goods & appliances, and maritime. Manufacturers are also relocating to the area in order to better serve the local emerging market and take advantage of the low cost of manufacturing.
The break-up of the profile of primary participants in the C4ISR market:
• By Company Type: Tier 1 – 33%, Tier 2 – 25%, and Tier 3 – 42%
• By Designation: C Level – 36%, D Level – 19%, and Others – 45%
• By Region: North America – 25%, Europe – 17%, Asia Pacific – 42%, South America- 8%, and the Middle East & Africa – 8%
The key companies profiled in this report are Akzo Nobel N.V. (Netherlands), Axalta Coatings Systems LLC. (US), Jotun A/S (Norway), PPG Industries Inc. (US), The Sherwin-Williams Company (US).
Research Coverage:
n The industrial coatings market has been segmented based on Resin Type (Acrylic, Alkyd, Polyester, Polyurethane, Epoxy, Fluoropolymer, and Others), Technology (Solventborne Coatings, Waterborne Coatings, Powder Coatings, and Others), End-Use Industry (General Industrial, Protective, Automotive OEM, Industrial wood, Automotive Refinish, Coil, Packaging, Marine, Aerospace, Rail), and by Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa).
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
n Analysis of key drivers (environmental regulations boost demand for VOC-free coatings), restraints (difficulty in obtaining thin films in powder coatings), opportunities (attractive prospects for powder coatings in shipbuilding and pipeline sectors), challenges (stringent regulatory policies)
n Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
n Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for industrial coatings across regions
n Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
n Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.
Table of Contents
1 INTRODUCTION 46
1.1 STUDY OBJECTIVES 46
1.2 MARKET DEFINITION 46
1.2.1 INCLUSION AND EXCLUSION 47
1.2.2 DEFINITION AND INCLUSIONS, BY RESIN TYPE 47
1.2.3 DEFINITION AND INCLUSIONS, BY TECHNOLOGY 48
1.2.4 DEFINITION AND INCLUSIONS, BY END-USE INDUSTRY 48
1.3 MARKET SCOPE 49
1.3.1 MARKET SEGMENTATION 49
1.3.2 REGIONS COVERED 50
1.3.3 YEARS CONSIDERED 50
1.4 CURRENCY 50
1.5 UNITS CONSIDERED 51
1.6 STAKEHOLDERS 51
1.7 SUMMARY OF CHANGES 51
1.8 IMPACT OF RECESSION 51
2 RESEARCH METHODOLOGY 52
2.1 RESEARCH DATA 52
FIGURE 1 INDUSTRIAL COATINGS MARKET: RESEARCH DESIGN 52
2.1.1 SECONDARY DATA 53
2.1.1.1 Key data from secondary sources 53
2.1.2 PRIMARY DATA 54
2.1.2.1 Key data from primary sources 54
2.1.2.2 Breakdown of interviews with experts 54
2.1.2.3 Primary data sources 55
2.1.2.4 Key industry insights 55
2.2 MARKET SIZE ESTIMATION 56
2.2.1 BOTTOM-UP APPROACH 56
FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 57
2.2.2 TOP-DOWN APPROACH 57
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 58
FIGURE 4 INDUSTRIAL COATINGS MARKET SIZE ESTIMATION, BY VALUE AND VOLUME 58
FIGURE 5 INDUSTRIAL COATINGS MARKET SIZE ESTIMATION, BY REGION 59
FIGURE 6 INDUSTRIAL COATINGS MARKET, BY RESIN TYPE 59
2.3 MARKET GROWTH FORECAST APPROACH 59
2.3.1 SUPPLY-SIDE FORECAST 59
FIGURE 7 INDUSTRIAL COATINGS MARKET: SUPPLY-SIDE FORECAST 59
FIGURE 8 METHODOLOGY FOR CALCULATION OF SUPPLY-SIDE SIZE OF INDUSTRIAL COATINGS MARKET 60
2.4 FACTOR ANALYSIS 60
FIGURE 9 FACTOR ANALYSIS OF INDUSTRIAL COATINGS MARKET 60
2.5 DATA TRIANGULATION 61
FIGURE 10 DATA TRIANGULATION 61
2.6 ASSUMPTIONS 62
2.7 LIMITATIONS 62
2.8 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 62
2.9 RISK ASSESSMENT 63
TABLE 1 INDUSTRIAL COATINGS: RISK ASSESSMENT 63
2.10 RECESSION IMPACT 63
3 EXECUTIVE SUMMARY 64
TABLE 2 INDUSTRIAL COATINGS MARKET SNAPSHOT, 2023 VS. 2028 65
FIGURE 11 EPOXY TO BE FASTEST-GROWING RESIN TYPE IN INDUSTRIAL COATINGS MARKET 66
FIGURE 12 SOLVENTBORNE TECHNOLOGY TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL COATINGS MARKET 66
FIGURE 13 GENERAL INDUSTRIAL SEGMENT TO ACCOUNT FOR MAJOR SHARE OF INDUSTRIAL COATINGS MARKET 67
FIGURE 14 ASIA PACIFIC TO BE FASTEST-GROWING REGION MARKET FOR INDUSTRIAL COATINGS 68
4 PREMIUM INSIGHTS 69
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL COATINGS MARKET 69
FIGURE 15 GROWTH OF GENERAL INDUSTRIAL SECTOR TO DRIVE MARKET DURING FORECAST PERIOD IN ASIA PACIFIC 69
4.2 INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY 69
FIGURE 16 SOLVENTBORNE TO BE LARGEST TECHNOLOGY SEGMENT DURING FORECAST PERIOD 69
4.3 INDUSTRIAL COATINGS MARKET: DEVELOPED VS. EMERGING COUNTRIES 70
FIGURE 17 DEVELOPING COUNTRIES TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD 70
4.4 ASIA PACIFIC INDUSTRIAL COATINGS MARKET: BY END-USE INDUSTRY AND COUNTRY, 2023 70
FIGURE 18 CHINA ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC 70
4.5 INDUSTRIAL COATINGS MARKET: MAJOR COUNTRIES 71
FIGURE 19 INDIA TO REGISTER HIGHEST CAGR IN INDUSTRIAL COATINGS MARKET 71
5 MARKET OVERVIEW 72
5.1 INTRODUCTION 72
5.2 MARKET DYNAMICS 72
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL COATINGS MARKET 72
5.2.1 DRIVERS 73
5.2.1.1 Stringent environmental regulations boosting demand for VOC-free coatings 73
5.2.1.2 Increasing demand from automotive industry 73
5.2.1.3 Advancements in performance of industrial coatings 74
5.2.1.4 Growth in demand from Asia Pacific 74
5.2.1.5 High demand for extended product lifetime and reduced maintenance 75
5.2.2 RESTRAINTS 75
5.2.2.1 Difficulty in obtaining thin films with powder coatings 75
5.2.2.2 Longer drying time of waterborne coatings 75
5.2.3 OPPORTUNITIES 75
5.2.3.1 Increasing demand for powder coatings in shipbuilding and pipeline sectors 75
5.2.3.2 Increasing use of nano-coatings 76
5.2.4 CHALLENGES 76
5.2.4.1 Stringent regulatory policies 76
5.3 PORTER’S FIVE FORCES ANALYSIS 77
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: INDUSTRIAL COATINGS MARKET 77
5.3.1 THREAT OF NEW ENTRANTS 78
5.3.2 THREAT OF SUBSTITUTES 78
5.3.3 BARGAINING POWER OF BUYERS 78
5.3.4 BARGAINING POWER OF SUPPLIERS 78
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 78
5.4 MACROECONOMIC INDICATORS 79
5.4.1 INTRODUCTION 79
5.4.2 GDP TRENDS AND FORECAST 79
TABLE 3 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2020–2028 79
5.4.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY 80
FIGURE 22 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035 80
5.4.4 TRENDS IN AUTOMOTIVE INDUSTRY 81
TABLE 4 AUTOMOTIVE INDUSTRY PRODUCTION (2021–2022) 81
6 INDUSTRY TRENDS 83
6.1 SUPPLY CHAIN ANALYSIS 83
FIGURE 23 INDUSTRIAL COATINGS MARKET: SUPPLY CHAIN ANALYSIS 83
6.2 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 84
FIGURE 24 TRENDS IN END-USE INDUSTRIES IMPACTING BUSINESS OF INDUSTRIAL COATING MANUFACTURERS 84
6.3 ECOSYSTEM 84
TABLE 5 INDUSTRIAL COATINGS MARKET: ROLE IN ECOSYSTEM 85
FIGURE 25 INDUSTRIAL COATINGS MARKET: ECOSYSTEM 86
6.4 CASE STUDY ANALYSIS 86
6.5 TECHNOLOGY ANALYSIS 87
6.6 KEY STAKEHOLDERS AND BUYING CRITERIA 89
6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS 89
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 89
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN TWO MAJOR END-USE SEGMENTS 89
6.6.2 BUYING CRITERIA 90
FIGURE 27 KEY BUYING CRITERIA FOR INDUSTRIAL COATINGS 90
TABLE 7 KEY BUYING CRITERIA FOR INDUSTRIAL COATINGS 90
6.7 PRICING ANALYSIS 90
6.7.1 INDUSTRIAL COATINGS MARKET: AVERAGE SELLING PRICE TREND, BY REGION 91
FIGURE 28 AVERAGE SELLING PRICES OF INDUSTRIAL COATINGS, BY REGION 91
TABLE 8 AVERAGE SELLING PRICES OF INDUSTRIAL COATINGS, BY REGION, 2018-2022 (USD/KG) 91
6.7.2 AVERAGE SELLING PRICE TREND, BY RESIN TYPE 91
FIGURE 29 AVERAGE SELLING PRICE TREND, BY RESIN TYPE 91
TABLE 9 AVERAGE SELLING PRICES OF INDUSTRIAL COATINGS, BY RESIN TYPE, 2018-2022 (USD/KG) 92
6.7.3 AVERAGE SELLING PRICE TREND, BY TECHNOLOGY 92
FIGURE 30 AVERAGE SELLING PRICE TREND, BY TECHNOLOGY 92
TABLE 10 AVERAGE SELLING PRICES OF INDUSTRIAL COATINGS, BY TECHNOLOGY, 2018-2022 (USD/KG) 92
6.7.4 AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY 93
FIGURE 31 AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY 93
TABLE 11 AVERAGE SELLING PRICE OF INDUSTRIAL COATINGS, BY END-USE INDUSTRY, 2018 – 2022 (USD/KG) 93
FIGURE 32 AVERAGE PRICE COMPETITIVENESS IN INDUSTRIAL COATINGS MARKET, BY COMPANY (2022) 94
TABLE 12 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP THREE APPLICATIONS (USD/KG) 94
6.8 TRADE ANALYSIS 95
6.8.1 EXPORT SCENARIO OF PAINTS AND VARNISHES (AQUEOUS MEDIUM) 95
FIGURE 33 PAINTS AND VARNISHES EXPORT, BY KEY COUNTRY, 2020 – 2022 (USD THOUSAND) 95
TABLE 13 COUNTRY-WISE EXPORT DATA FOR PAINTS AND VARNISHES, 2020–2022 (USD THOUSAND) 95
6.8.2 IMPORT SCENARIO OF PAINTS AND VARNISHES (AQUEOUS MEDIUM) 101
FIGURE 34 PAINTS AND VARNISHES IMPORT, BY KEY COUNTRY, 2020 – 2022 (USD THOUSAND) 101
TABLE 14 COUNTRY-WISE IMPORT DATA FOR PAINTS AND VARNISHES, 2020–2022 (USD THOUSAND) 101
6.8.3 EXPORT SCENARIO OF PAINTS AND VARNISHES (NON – AQUEOUS MEDIUM) 108
FIGURE 35 PAINTS AND VARNISHES EXPORT, BY KEY COUNTRY, 2020 – 2022 (USD THOUSAND) 108
TABLE 15 COUNTRY-WISE EXPORT DATA FOR PAINTS AND VARNISHES, 2020–2022 (USD THOUSAND) 108
6.8.4 IMPORT SCENARIO OF PAINTS AND VARNISHES (NON – AQUEOUS MEDIUM) 114
FIGURE 36 PAINTS AND VARNISHES IMPORT, BY KEY COUNTRY, 2020 – 2022 (USD THOUSAND) 114
TABLE 16 COUNTRY-WISE IMPORT DATA FOR PAINTS AND VARNISHES, 2020–2022 (USD THOUSAND) 114
6.9 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 120
6.9.1 GLOBAL IMPACT OF SLOWDOWN 120
6.9.1.1 North America 121
6.9.1.2 Europe 121
6.9.1.2.1 Russia-Ukraine war 121
6.9.1.2.2 Energy crisis in Europe 122
6.9.1.3 Asia Pacific 122
6.9.1.3.1 Australia-China trade war 122
6.9.1.3.2 China’s debt problem 122
6.9.1.4 Rest of the World 123
6.10 TARIFF AND REGULATORY LANDSCAPE 123
6.10.1 REGULATIONS 123
6.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 124
TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 124
TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 125
TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 126
TABLE 20 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 126
6.11 KEY CONFERENCES & EVENTS IN 2023–2024 126
TABLE 21 INDUSTRIAL COATINGS MARKET: DETAILED LIST OF CONFERENCES & EVENTS 126
6.12 PATENT ANALYSIS 127
FIGURE 37 LIST OF MAJOR PATENTS FOR PAINTS & COATINGS 127
6.12.1 LIST OF MAJOR PATENTS 128
7 INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY 132
7.1 INTRODUCTION 133
FIGURE 38 SOLVENTBORNE TECHNOLOGY TO LEAD INDUSTRIAL COATINGS MARKET BETWEEN 2023 AND 2028 133
TABLE 22 INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 133
TABLE 23 INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 134
TABLE 24 INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 134
TABLE 25 INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 134
7.2 WATERBORNE COATINGS 135
7.2.1 EXCELLENT ADHESION AND LOW-VOC EMISSION TO DRIVE MARKET 135
TABLE 26 WATERBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 136
TABLE 27 WATERBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 136
TABLE 28 WATERBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 136
TABLE 29 WATERBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 137
7.3 SOLVENTBORNE COATINGS 137
7.3.1 EXCELLENT PERFORMANCE TO DRIVE MARKET 137
TABLE 30 SOLVENTBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 138
TABLE 31 SOLVENTBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 138
TABLE 32 SOLVENTBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 138
TABLE 33 SOLVENTBORNE: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 139
7.4 POWDER COATINGS 139
7.4.1 SUPERIOR PERFORMANCE, COST EFFICIENCY, AND LOW-VOC EMISSION TO INCREASE DEMAND 139
TABLE 34 POWDER COATINGS: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 140
TABLE 35 POWDER COATINGS: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 140
TABLE 36 POWDER COATINGS: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 141
TABLE 37 POWDER COATINGS: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 141
7.5 OTHER TECHNOLOGIES 142
TABLE 38 OTHER TECHNOLOGIES: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 142
TABLE 39 OTHER TECHNOLOGIES: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 143
TABLE 40 OTHER TECHNOLOGIES: INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 143
TABLE 41 OTHER TECHNOLOGIES: INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 143
8 INDUSTRIAL COATINGS MARKET, BY RESIN TYPE 144
8.1 INTRODUCTION 145
FIGURE 39 EPOXY TO BE LARGEST RESIN TYPE FOR INDUSTRIAL COATINGS, IN TERMS OF VALUE 145
TABLE 42 INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 146
TABLE 43 INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 146
TABLE 44 INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 146
TABLE 45 INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 147
8.2 ACRYLIC RESIN 147
8.2.1 CHEMICAL CHARACTERISTICS TO DRIVE DEMAND 147
TABLE 46 ACRYLIC-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 148
TABLE 47 ACRYLIC-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 148
TABLE 48 ACRYLIC-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 148
TABLE 49 ACRYLIC-BASED INDUSTRIAL PAINTS & COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 149
8.3 ALKYD RESIN 149
8.3.1 HIGH DEMAND IN ASIA PACIFIC TO DRIVE MARKET 149
TABLE 50 ALKYD-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 150
TABLE 51 ALKYD-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 150
TABLE 52 ALKYD-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 151
TABLE 53 ALKYD-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 151
8.4 EPOXY RESIN 152
8.4.1 GOOD ADHESION, HIGH CHEMICAL RESISTANCE, AND EXCELLENT PHYSICAL PROPERTIES TO INCREASE DEMAND 152
TABLE 54 EPOXY-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 152
TABLE 55 EPOXY-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 153
TABLE 56 EPOXY-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 153
TABLE 57 EPOXY-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 153
8.5 POLYESTER RESIN 154
8.5.1 EXTENSIVE USE IN HIGH-PERFORMANCE COATINGS TO DRIVE MARKET 154
TABLE 58 POLYESTER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 154
TABLE 59 POLYESTER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 154
TABLE 60 POLYESTER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 155
TABLE 61 POLYESTER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 155
8.6 POLYURETHANE RESIN 155
8.6.1 STRINGENT REGULATIONS TO DRIVE MARKET 155
TABLE 62 POLYURETHANE-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 156
TABLE 63 POLYURETHANE-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 156
TABLE 64 POLYURETHANE-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 156
TABLE 65 POLYURETHANE-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 157
8.7 FLUOROPOLYMER RESIN 157
8.7.1 INCREASING ISE IN NON-STICK SURFACES DUE TO GOOD THERMAL STABILITY TO DRIVE MARKET 157
TABLE 66 FLUOROPOLYMER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 158
TABLE 67 FLUOROPOLYMER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 158
TABLE 68 FLUOROPOLYMER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 158
TABLE 69 FLUOROPOLYMER-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 159
8.8 OTHER RESIN TYPES 159
TABLE 70 OTHER RESINS-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 160
TABLE 71 OTHER RESINS-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 160
TABLE 72 OTHER RESINS-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 160
TABLE 73 OTHER RESINS-BASED INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 161
9 INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY 162
9.1 INTRODUCTION 163
TABLE 74 INDUSTRIAL COATINGS: END-USE INDUSTRY AND APPLICATION 163
FIGURE 40 GENERAL INDUSTRIAL TO BE LARGEST END USER OF INDUSTRIAL COATINGS 164
TABLE 75 INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 164
TABLE 76 INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 165
TABLE 77 INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 165
TABLE 78 INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 166
9.2 GENERAL INDUSTRIAL 166
9.2.1 POPULATION AND GDP GROWTH TO DRIVE SEGMENT 166
TABLE 79 INDUSTRIAL COATINGS MARKET IN GENERAL INDUSTRIAL, BY REGION, 2018–2022 (USD MILLION) 167
TABLE 80 INDUSTRIAL COATINGS MARKET IN GENERAL INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 167
TABLE 81 INDUSTRIAL COATINGS MARKET IN GENERAL INDUSTRIAL, BY REGION, 2018–2022 (KILOTON) 167
TABLE 82 INDUSTRIAL COATINGS MARKET IN GENERAL INDUSTRIAL, BY REGION, 2023–2028 (KILOTON) 168
9.3 PROTECTIVE 168
9.3.1 CORROSION RESISTANCE, FIRE & CHEMICAL ABRASION, WATERPROOFING, AND THERMAL INSULATION TO DRIVE DEMAND 168
TABLE 83 INDUSTRIAL COATINGS MARKET IN PROTECTIVE, BY REGION, 2018–2022 (USD MILLION) 168
TABLE 84 INDUSTRIAL COATINGS MARKET IN PROTECTIVE, BY REGION, 2023–2028 (USD MILLION) 169
TABLE 85 INDUSTRIAL COATINGS MARKET IN PROTECTIVE, BY REGION, 2018–2022 (KILOTON) 169
TABLE 86 INDUSTRIAL COATINGS MARKET IN PROTECTIVE, BY REGION, 2023–2028 (KILOTON) 169
9.4 AUTOMOTIVE OEM 170
9.4.1 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET 170
FIGURE 41 AUTOMOBILE PRODUCTION SHARE FOR TOP 5 COUNTRIES, 2022 170
TABLE 87 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE OEM, BY REGION, 2018–2022 (USD MILLION) 171
TABLE 88 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE OEM, BY REGION, 2023–2028 (USD MILLION) 172
TABLE 89 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE OEM, BY REGION, 2018–2022 (KILOTON) 172
TABLE 90 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE OEM, BY REGION, 2023–2028 (KILOTON) 172
9.5 INDUSTRIAL WOOD 173
9.5.1 INCREASING CONSTRUCTION AND INFRASTRUCTURAL ACTIVITIES TO DRIVE DEMAND 173
TABLE 91 INDUSTRIAL COATINGS MARKET IN INDUSTRIAL WOOD, BY REGION, 2018–2022 (USD MILLION) 173
TABLE 92 INDUSTRIAL COATINGS MARKET IN INDUSTRIAL WOOD, BY REGION, 2023–2028 (USD MILLION) 173
TABLE 93 INDUSTRIAL COATINGS MARKET IN INDUSTRIAL WOOD, BY REGION, 2018–2022 (KILOTON) 174
TABLE 94 INDUSTRIAL COATINGS MARKET IN INDUSTRIAL WOOD, BY REGION, 2023–2028 (KILOTON) 174
9.6 AUTOMOTIVE REFINISH 174
9.6.1 INCREASING NUMBER OF ACCIDENTS TO INCREASE DEMAND 174
TABLE 95 KEY PLAYERS IN AUTOMOTIVE REFINISH COATINGS MARKET 175
TABLE 96 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE REFINISH, BY REGION, 2018–2022 (USD MILLION) 175
TABLE 97 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE REFINISH, BY REGION, 2023–2028 (USD MILLION) 175
TABLE 98 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE REFINISH, BY REGION, 2018–2022 (KILOTON) 176
TABLE 99 INDUSTRIAL COATINGS MARKET IN AUTOMOTIVE REFINISH, BY REGION, 2023–2028 (KILOTON) 176
9.7 COIL 176
9.7.1 ASIA PACIFIC TO BE DOMINATE MARKET DURING FORECAST PERIOD 176
TABLE 100 INDUSTRIAL COATINGS MARKET IN COIL, BY REGION, 2018–2022 (USD MILLION) 177
TABLE 101 INDUSTRIAL COATINGS MARKET IN COIL, BY REGION, 2023–2028 (USD MILLION) 177
TABLE 102 INDUSTRIAL COATINGS MARKET IN COIL, BY REGION, 2018–2022 (KILOTON) 177
TABLE 103 INDUSTRIAL COATINGS MARKET IN COIL, BY REGION, 2023–2028 (KILOTON) 178
9.8 PACKAGING 178
9.8.1 IMPROVING LIFESTYLE AND CHANGING FOOD HABITS TO DRIVE DEMAND 178
TABLE 104 INDUSTRIAL COATINGS MARKET IN PACKAGING, BY REGION, 2018–2022 (USD MILLION) 178
TABLE 105 INDUSTRIAL COATINGS MARKET IN PACKAGING, BY REGION, 2023–2028 (USD MILLION) 179
TABLE 106 INDUSTRIAL COATINGS MARKET IN PACKAGING, BY REGION, 2018–2022 (KILOTON) 179
TABLE 107 INDUSTRIAL COATINGS MARKET IN PACKAGING, BY REGION, 2023–2028 (KILOTON) 179
9.9 MARINE 180
9.9.1 SLOW GROWTH OF SHIPBUILDING SECTOR TO HAMPER DEMAND 180
FIGURE 42 WORLD FLEET BY PRINCIPAL VESSEL TYPE, SHARE OF TONNAGE (DEAD-WEIGHT TONS), 2023 180
TABLE 108 INDUSTRIAL COATINGS MARKET IN MARINE, BY REGION, 2018–2022 (USD MILLION) 181
TABLE 109 INDUSTRIAL COATINGS MARKET IN MARINE, BY REGION, 2023–2028 (USD MILLION) 181
TABLE 110 INDUSTRIAL COATINGS MARKET IN MARINE, BY REGION, 2018–2022 (KILOTON) 181
TABLE 111 INDUSTRIAL COATINGS MARKET IN MARINE, BY REGION, 2023–2028 (KILOTON) 182
9.10 AEROSPACE 182
9.10.1 DEVELOPMENT OF CHROME-FREE COATING TECHNOLOGY TO DRIVE MARKET 182
TABLE 112 INDUSTRIAL COATINGS MARKET IN AEROSPACE, BY REGION, 2018–2022 (USD MILLION) 183
TABLE 113 INDUSTRIAL COATINGS MARKET IN AEROSPACE, BY REGION, 2023–2028 (USD MILLION) 183
TABLE 114 INDUSTRIAL COATINGS MARKET IN AEROSPACE, BY REGION, 2018–2022 (KILOTON) 183
TABLE 115 INDUSTRIAL COATINGS MARKET IN AEROSPACE, BY REGION, 2023–2028 (KILOTON) 184
9.11 RAIL 184
9.11.1 ADVANCEMENT IN HIGH-SPEED TRAIN INDUSTRY TO DRIVE MARKET 184
TABLE 116 INDUSTRIAL COATINGS MARKET IN RAIL, BY REGION, 2018–2022 (USD MILLION) 184
TABLE 117 INDUSTRIAL COATINGS MARKET IN RAIL, BY REGION, 2023–2028 (USD MILLION) 185
TABLE 118 INDUSTRIAL COATINGS MARKET IN RAIL, BY REGION, 2018–2022 (KILOTON) 185
TABLE 119 INDUSTRIAL COATINGS MARKET IN RAIL, BY REGION, 2023–2028 (KILOTON) 185
10 INDUSTRIAL COATINGS MARKET, BY REGION 186
10.1 INTRODUCTION 187
10.1.1 GLOBAL RECESSION IMPACT 187
FIGURE 43 ASIA PACIFIC TO BE FASTEST-GROWING INDUSTRIAL COATINGS MARKET 188
TABLE 120 INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (USD MILLION) 188
TABLE 121 INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 189
TABLE 122 INDUSTRIAL COATINGS MARKET, BY REGION, 2018–2022 (KILOTON) 189
TABLE 123 INDUSTRIAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 189
10.2 NORTH AMERICA 190
10.2.1 IMPACT OF RECESSION ON NORTH AMERICA 190
FIGURE 44 NORTH AMERICA: INDUSTRIAL COATINGS MARKET SNAPSHOT 191
TABLE 124 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 191
TABLE 125 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 192
TABLE 126 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 192
TABLE 127 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 192
TABLE 128 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 193
TABLE 129 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 193
TABLE 130 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 194
TABLE 131 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 194
TABLE 132 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 194
TABLE 133 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 195
TABLE 134 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 195
TABLE 135 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 195
TABLE 136 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 196
TABLE 137 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 196
TABLE 138 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 197
TABLE 139 NORTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 197
10.2.2 US 198
10.2.2.1 Presence of major manufacturers to drive market growth 198
TABLE 140 US: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 198
TABLE 141 US: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 199
TABLE 142 US: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 199
TABLE 143 US: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 199
10.2.3 CANADA 199
10.2.3.1 High export of furniture to boost demand 199
TABLE 144 CANADA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 200
TABLE 145 CANADA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 200
TABLE 146 CANADA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 200
TABLE 147 CANADA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 201
10.2.4 MEXICO 201
10.2.4.1 Growing export of electronic products to drive market 201
TABLE 148 MEXICO: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 201
TABLE 149 MEXICO: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 202
TABLE 150 MEXICO: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 202
TABLE 151 MEXICO: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 202
10.3 EUROPE 203
10.3.1 IMPACT OF RECESSION ON EUROPE 203
FIGURE 45 EUROPE: INDUSTRIAL COATINGS MARKET SNAPSHOT 204
TABLE 152 EUROPE: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 205
TABLE 153 EUROPE: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 205
TABLE 154 EUROPE: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 206
TABLE 155 EUROPE: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 206
TABLE 156 EUROPE: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 207
TABLE 157 EUROPE: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 207
TABLE 158 EUROPE: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 207
TABLE 159 EUROPE: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 208
TABLE 160 EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 208
TABLE 161 EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 208
TABLE 162 EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 209
TABLE 163 EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 209
TABLE 164 EUROPE: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 209
TABLE 165 EUROPE: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 210
TABLE 166 EUROPE: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 210
TABLE 167 EUROPE: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 211
10.3.2 GERMANY 211
10.3.2.1 Growing economy and rising appliances industry to drive growth 211
TABLE 168 GERMANY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 212
TABLE 169 GERMANY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 212
TABLE 170 GERMANY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 212
TABLE 171 GERMANY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 213
10.3.3 UK 213
10.3.3.1 Growing automotive industry and rising investment in R&D to boost demand 213
TABLE 172 UK: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 213
TABLE 173 UK: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 214
TABLE 174 UK: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 214
TABLE 175 UK: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 214
10.3.4 FRANCE 214
10.3.4.1 Adoption of innovative technologies to drive demand 214
TABLE 176 FRANCE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 215
TABLE 177 FRANCE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 215
TABLE 178 FRANCE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 215
TABLE 179 FRANCE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 216
10.3.5 ITALY 216
10.3.5.1 Growing demand from end-use industries to drive market 216
TABLE 180 ITALY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 216
TABLE 181 ITALY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 216
TABLE 182 ITALY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 217
TABLE 183 ITALY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 217
10.3.6 SPAIN 217
10.3.6.1 Growing automotive industry to drive demand 217
TABLE 184 SPAIN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 217
TABLE 185 SPAIN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 218
TABLE 186 SPAIN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 218
TABLE 187 SPAIN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 218
10.3.7 TURKEY 218
10.3.7.1 Rapid urbanization and diversification in consumer goods to impact market positively 218
TABLE 188 TURKEY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 219
TABLE 189 TURKEY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 219
TABLE 190 TURKEY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 219
TABLE 191 TURKEY: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 220
10.3.8 REST OF EUROPE 220
TABLE 192 REST OF EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 220
TABLE 193 REST OF EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 220
TABLE 194 REST OF EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 221
TABLE 195 REST OF EUROPE: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 221
10.4 ASIA PACIFIC 221
10.4.1 IMPACT OF RECESSION ON ASIA PACIFIC 222
FIGURE 46 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET SNAPSHOT 223
TABLE 196 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 223
TABLE 197 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 224
TABLE 198 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 224
TABLE 199 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 224
TABLE 200 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 225
TABLE 201 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 225
TABLE 202 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 225
TABLE 203 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 226
TABLE 204 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 226
TABLE 205 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 226
TABLE 206 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 227
TABLE 207 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 227
TABLE 208 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 228
TABLE 209 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 228
TABLE 210 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 229
TABLE 211 ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 229
10.4.2 CHINA 230
10.4.2.1 Foreign investments to drive market 230
TABLE 212 CHINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 230
TABLE 213 CHINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 230
TABLE 214 CHINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 231
TABLE 215 CHINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 231
10.4.3 INDIA 231
10.4.3.1 Government initiatives to help industries grow 231
TABLE 216 INDIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 232
TABLE 217 INDIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 232
TABLE 218 INDIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 232
TABLE 219 INDIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 232
10.4.4 JAPAN 233
10.4.4.1 Automotive and marine industries to drive demand 233
TABLE 220 JAPAN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 233
TABLE 221 JAPAN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 233
TABLE 222 JAPAN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 234
TABLE 223 JAPAN: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 234
10.4.5 INDONESIA 234
10.4.5.1 Increasing penetration of Japanese car manufacturers to drive market growth 234
TABLE 224 INDONESIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 235
TABLE 225 INDONESIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 235
TABLE 226 INDONESIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 235
TABLE 227 INDONESIA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 236
10.4.6 THAILAND 236
10.4.6.1 Automotive industry to contribute significantly to market growth 236
TABLE 228 THAILAND: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 236
TABLE 229 THAILAND: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 237
TABLE 230 THAILAND: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 237
TABLE 231 THAILAND: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 237
10.4.7 REST OF ASIA PACIFIC 238
TABLE 232 REST OF ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 238
TABLE 233 REST OF ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 238
TABLE 234 REST OF ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 238
TABLE 235 REST OF ASIA PACIFIC: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 239
10.5 MIDDLE EAST & AFRICA 239
10.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA 239
FIGURE 47 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET SNAPSHOT 239
TABLE 236 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 240
TABLE 237 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 240
TABLE 238 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON ) 240
TABLE 239 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 241
TABLE 240 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 241
TABLE 241 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 242
TABLE 242 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 242
TABLE 243 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 243
TABLE 244 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 243
TABLE 245 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 243
TABLE 246 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 244
TABLE 247 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 244
TABLE 248 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 244
TABLE 249 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 245
TABLE 250 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 245
TABLE 251 MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 246
10.5.2 GCC 246
10.5.2.1 Saudi Arabia 246
10.5.2.1.1 Significant government investments in infrastructure development 246
10.5.2.2 UAE 247
10.5.2.2.1 Increasing focus on developing regulatory mechanisms and R&D capabilities to drive market 247
10.5.2.3 Rest of GCC countries 247
TABLE 252 GCC COUNTRIES: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 248
TABLE 253 GCC COUNTRIES: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 248
TABLE 254 GCC COUNTRIES: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 249
TABLE 255 REST OF GCC COUNTRIES: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 249
10.5.3 SOUTH AFRICA 249
10.5.3.1 Significant demand for automobiles to boost market 249
TABLE 256 SOUTH AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 250
TABLE 257 SOUTH AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 250
TABLE 258 SOUTH AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 251
TABLE 259 SOUTH AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 251
10.5.4 EGYPT 251
10.5.4.1 Automotive industry to drive market 251
TABLE 260 EGYPT: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 252
TABLE 261 EGYPT: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 252
TABLE 262 EGYPT: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 252
TABLE 263 EGYPT: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 252
10.5.5 REST OF MIDDLE EAST & AFRICA 253
TABLE 264 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 253
TABLE 265 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 253
TABLE 266 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 254
TABLE 267 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 254
10.6 SOUTH AMERICA 254
10.6.1 IMPACT OF RECESSION ON SOUTH AMERICA 254
FIGURE 48 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET SNAPSHOT 255
TABLE 268 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 255
TABLE 269 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 255
TABLE 270 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2018–2022 (KILOTON) 256
TABLE 271 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY COUNTRY, 2023–2028 (KILOTON) 256
TABLE 272 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 256
TABLE 273 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 257
TABLE 274 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 257
TABLE 275 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 258
TABLE 276 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 258
TABLE 277 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 258
TABLE 278 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 259
TABLE 279 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 259
TABLE 280 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 259
TABLE 281 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 260
TABLE 282 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON) 260
TABLE 283 SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 261
10.6.2 BRAZIL 261
10.6.2.1 Investment partnership program to promote private sector participation in infrastructure development to drive market 261
TABLE 284 BRAZIL: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 262
TABLE 285 BRAZIL: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 262
TABLE 286 BRAZIL: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 262
TABLE 287 BRAZIL: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 262
10.6.3 ARGENTINA 263
10.6.3.1 Increase in population and improved economic conditions to drive demand 263
TABLE 288 ARGENTINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 263
TABLE 289 ARGENTINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 263
TABLE 290 ARGENTINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 264
TABLE 291 ARGENTINA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 264
10.6.4 REST OF SOUTH AMERICA 264
TABLE 292 REST OF SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 264
TABLE 293 REST OF SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 265
TABLE 294 REST OF SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2018–2022 (KILOTON) 265
TABLE 295 REST OF SOUTH AMERICA: INDUSTRIAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 265
11 COMPETITIVE LANDSCAPE 266
11.1 KEY PLAYERS STRATEGIES 266
11.1.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY INDUSTRIAL COATING PLAYERS (2018–2023) 266
11.2 MARKET SHARE ANALYSIS 267
FIGURE 49 MARKET SHARE ANALYSIS, 2022 267
TABLE 296 INDUSTRIAL COATINGS MARKET: DEGREE OF COMPETITION 268
11.3 REVENUE ANALYSIS 270
FIGURE 50 REVENUE ANALYSIS OF TOP FIVE PLAYERS (2018–2022) 270
11.4 MARKET RANKING ANALYSIS 270
FIGURE 51 MARKET RANKING ANALYSIS, 2022 270
11.5 COMPANY EVALUATION MATRIX, 2022 271
11.5.1 STARS 271
11.5.2 EMERGING LEADERS 271
11.5.3 PERVASIVE PLAYERS 271
11.5.4 PARTICIPANTS 271
FIGURE 52 GLOBAL INDUSTRIAL COATINGS MARKET COMPANY EVALUATION MATRIX, 2022 272
11.5.5 COMPANY FOOTPRINT 273
FIGURE 53 COMPANY FOOTPRINT 273
TABLE 297 APPLICATION FOOTPRINT (25 COMPANIES) 274
TABLE 298 REGION FOOTPRINT (25 COMPANIES) 275
TABLE 299 COMPANY FOOTPRINT (25 COMPANIES) 276
11.6 START – UP/SME EVALUATION MATRIX, 2022 277
11.6.1 PROGRESSIVE COMPANIES 277
11.6.2 RESPONSIVE COMPANIES 277
11.6.3 DYNAMIC COMPANIES 278
11.6.4 STARTING BLOCKS 278
FIGURE 54 GLOBAL INDUSTRIAL COATINGS MARKET START – UP/SME EVALUATION MATRIX, 2022 278
11.6.5 COMPETITIVE BENCHMARKING 279
TABLE 300 INDUSTRIAL COATINGS MARKET: DETAILED LIST OF KEY START – UPS/SMES 279
TABLE 301 INDUSTRIAL COATINGS MARKET: COMPETITIVE BENCHMARKING OF KEY START – UPS /SME 280
11.7 COMPETITIVE SCENARIO AND TRENDS 281
11.7.1 INDUSTRIAL COATINGS MARKET: PRODUCT LAUNCHES, 2018–2023 281
TABLE 302 INDUSTRIAL COATINGS MARKET: PRODUCT LAUNCHES, 2018–2023 281
11.7.2 INDUSTRIAL COATINGS MARKET: DEALS, 2018–2023 285
11.7.3 INDUSTRIAL COATINGS MARKET: OTHER DEALS, 2018–2023 291
12 COMPANY PROFILES 295
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 MAJOR PLAYERS 295
12.1.1 AKZO NOBEL N.V. 295
TABLE 303 AKZO NOBEL N.V.: COMPANY OVERVIEW 295
FIGURE 55 AKZO NOBEL N.V.: COMPANY SNAPSHOT 296
TABLE 304 AKZO NOBEL N.V.: PRODUCT LAUNCHES 297
TABLE 305 AKZONOBEL N.V.: DEALS 298
TABLE 306 AKZO NOBEL N.V.: OTHERS 299
12.1.2 AXALTA COATING SYSTEMS, LLC 302
TABLE 307 AXALTA COATING SYSTEMS, LLC: COMPANY OVERVIEW 302
FIGURE 56 AXALTA COATING SYSTEMS, LLC: COMPANY SNAPSHOT 303
TABLE 308 AXALTA COATING SYSTEMS, LLC: PRODUCT LAUNCHES 305
TABLE 309 AXALTA COATING SYSTEMS LLC : DEALS 306
TABLE 310 AXALTA COATING SYSTEMS LLC: OTHERS 307
12.1.3 JOTUN A/S 310
TABLE 311 JOTUN A/S: COMPANY OVERVIEW 310
FIGURE 57 JOTUN A/S: COMPANY SNAPSHOT 311
TABLE 312 JOTUN A/S: PRODUCT LAUNCHES 312
TABLE 313 JOTUN A/S: DEALS 313
TABLE 314 JOTUN A/S: OTHERS 313
12.1.4 PPG INDUSTRIES INC. 315
TABLE 315 PPG INDUSTRIES, INC.: COMPANY OVERVIEW 315
FIGURE 58 PPG INDUSTRIES INC.: COMPANY SNAPSHOT 316
TABLE 316 PPG INDUSTRIES, INC.: PRODUCT LAUNCHES 318
TABLE 317 PPG INDUSTRIES: DEALS 319
TABLE 318 PPG INDUSTRIES: OTHERS 322
12.1.5 THE SHERWIN-WILLIAMS COMPANY 324
TABLE 319 THE SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW 324
FIGURE 59 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT 324
TABLE 320 THE SHERWIN-WILLIAMS COMPANY: PRODUCT LAUNCHES 326
TABLE 321 THE SHERWIN-WILLIAMS COMPANY: DEALS 327
12.1.6 NIPPON PAINT HOLDINGS CO., LTD. 329
TABLE 322 NIPPON PAINTS HOLDINGS CO., LTD.: COMPANY OVERVIEW 329
FIGURE 60 NIPPON PAINT HOLDINGS CO., LTD.: COMPANY SNAPSHOT 330
TABLE 323 NIPPON PAINT HOLDINGS CO., LTD.: PRODUCT LAUNCHES 332
TABLE 324 NIPPON PAINTS HOLDINGS CO., LTD.: DEALS 332
TABLE 325 NIPPON PAINTS HOLDINGS CO., LTD.: OTHERS 333
12.1.7 KANSAI PAINT CO. LTD. 334
TABLE 326 KANSAI PAINT CO. LIMITED: COMPANY OVERVIEW 334
FIGURE 61 KANSAI PAINT CO. LTD.: COMPANY SNAPSHOT 335
TABLE 327 KANSAI PAINTS CO. LTD.: DEALS 336
12.1.8 RPM INTERNATIONAL INC. 337
TABLE 328 RPM INTERNATIONAL INC.: COMPANY OVERVIEW 337
FIGURE 62 RPM INTERNATIONAL INC.: COMPANY SNAPSHOT 337
TABLE 329 RPM INTERNATIONAL INC.: OTHERS 339
12.1.9 HEMPEL A/S 341
TABLE 330 HEMPEL A/S.: COMPANY OVERVIEW 341
FIGURE 63 HEMPEL A/S: COMPANY SNAPSHOT 342
TABLE 331 HEMPEL A/S: PRODUCT LAUNCHES 343
TABLE 332 HEMPEL A/S: DEALS 343
TABLE 333 HEMPEL A/S: OTHERS 344
12.1.10 BASF COATINGS GMBH 345
TABLE 334 BASF COATINGS GMBH: COMPANY OVERVIEW 345
FIGURE 64 BASF COATINGS GMBH: COMPANY SNAPSHOT 345
TABLE 335 BASF COATINGS GMBH: PRODUCT LAUNCHES 347
12.2 OTHER KEY PLAYERS 348
12.2.1 ASIAN PAINTS LIMITED 348
TABLE 336 ASIAN PAINTS LIMITED: OTHERS 348
12.2.2 BARPIMO S.A. 349
12.2.3 DAW SE 350
12.2.4 SK KAKEN CO., LTD. 351
12.2.5 TEKNOS GROUP 353
12.2.6 BECKERS GROUP 354
TABLE 337 BECKERS GROUP: PRODUCT LAUNCHES 355
TABLE 338 BECKERS GROUP: OTHERS 355
12.2.7 TIGER COATINGS GMBH & CO. KG 356
12.2.8 DIAMOND VOGEL PAINT COMPANY 357
12.2.9 KELLY-MOORE PAINTS 358
12.2.10 NOROO PAINT & COATINGS 359
12.2.11 WEILBURGER COATINGS 360
12.2.12 THE CHEMOURS COMPANY 361
12.2.13 IGP PULVERTECHNIK AG 362
12.2.14 ADVANCED NANOTECH LAB 363
12.2.15 NYCOTE LABORATORIES CORPORATION, INC. 364
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 ADJACENT & RELATED MARKETS 366
13.1 INTRODUCTION 366
13.2 LIMITATIONS 366
13.3 ARCHITECTURAL COATINGS 366
13.3.1 MARKET DEFINITION 366
13.3.2 MARKET OVERVIEW 367
13.4 ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY 367
FIGURE 65 WATERBORNE COATINGS TO DOMINATE MARKET DURING FORECAST PERIOD 367
TABLE 339 ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 367
TABLE 340 ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 368
TABLE 341 ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, 2019–2022 (KILOTON) 368
TABLE 342 ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, 2023–2028 (KILOTON) 368
13.5 WATERBORNE COATINGS 369
13.5.1 DEMAND FOR ECO-FRIENDLY CLEARCOAT TO DRIVE MARKET 369
13.6 SOLVENTBORNE COATINGS 369
13.6.1 HIGH DURABILITY AND COST-EFFECTIVENESS TO DRIVE MARKET 369
13.7 POWDER COATINGS 369
13.7.1 ABRASION AND CORROSION RESISTANCE TO FUEL DEMAND FOR POWDER COATINGS 369
13.8 ARCHITECTURAL COATINGS MARKET, BY RESIN TYPE 369
FIGURE 66 ACRYLIC TO BE LARGEST RESIN TYPE FOR ARCHITECTURAL COATINGS DURING FORECAST PERIOD 370
TABLE 343 ARCHITECTURAL COATINGS MARKET, BY RESIN TYPE, 2019–2022 (USD MILLION) 370
TABLE 344 ARCHITECTURAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 370
TABLE 345 ARCHITECTURAL COATINGS MARKET, BY RESIN TYPE, 2019–2022 (KILOTON) 371
TABLE 346 ARCHITECTURAL COATINGS MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 371
13.9 ACRYLIC RESIN 371
13.9.1 RESISTANCE TO WATER AND ALKALI TO FUEL DEMAND FOR ACRYLIC RESINS 371
13.10 ALKYD RESIN 372
13.10.1 COMPATIBILITY WITH COATING POLYMERS TO INCREASE DEMAND FOR ALKYD RESINS 372
13.11 POLYURETHANE RESIN 372
13.11.1 USE OF POLYURETHANE IN ARCHITECTURAL COATINGS TO DRIVE MARKET 372
13.12 VINYL RESIN 372
13.12.1 RESISTANCE TO WATER AND CHEMICALS TO FUEL DEMAND FOR VINYL RESIN 372
13.13 OTHER RESINS 372
13.13.1 EPOXY RESIN 372
13.13.2 UNSATURATED POLYESTER RESIN 373
13.13.3 SATURATED POLYESTER RESIN 373
13.14 ARCHITECTURAL COATINGS MARKET, BY USER TYPE 373
FIGURE 67 PROFESSIONAL SEGMENT TO ACCOUNT FOR LARGER SHARE OF ARCHITECTURAL COATINGS MARKET 373
TABLE 347 ARCHITECTURAL COATINGS MARKET, BY USER TYPE, 2019–2022 (USD MILLION) 374
TABLE 348 ARCHITECTURAL COATINGS MARKET, BY USER TYPE, 2023–2028 (USD MILLION) 374
TABLE 349 ARCHITECTURAL COATINGS MARKET, BY USER TYPE, 2019–2022 (KILOTON) 374
TABLE 350 ARCHITECTURAL COATINGS MARKET, BY USER TYPE, 2023–2028 (KILOTON) 374
13.15 DIY 375
13.15.1 INCREASE IN DIY PAINTING TO DRIVE MARKET 375
13.16 PROFESSIONAL 375
13.16.1 INCREASE IN SPENDING POWER OF CONSUMERS TO SUPPORT MARKET GROWTH 375
13.17 ARCHITECTURAL COATINGS MARKET, BY COATING TYPE 375
FIGURE 68 INTERIOR SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD 375
TABLE 351 ARCHITECTURAL COATINGS MARKET, BY COATING TYPE, 2019–2022 (USD MILLION) 376
TABLE 352 ARCHITECTURAL COATINGS MARKET, BY COATING TYPE, 2023–2028 (USD MILLION) 376
TABLE 353 ARCHITECTURAL COATINGS MARKET, BY COATING TYPE, 2019–2022 (KILOTON) 376
TABLE 354 ARCHITECTURAL COATINGS MARKET, BY COATING TYPE, 2023–2028 (KILOTON) 376
13.18 INTERIOR 376
13.18.1 INCREASING RENOVATION ACTIVITIES TO FUEL DEMAND FOR PREMIUM COATINGS 376
13.19 EXTERIOR 377
13.19.1 HIGH DURABILITY TO INCREASE DEMAND FOR ARCHITECTURAL COATINGS 377
13.20 ARCHITECTURAL COATINGS MARKET, BY APPLICATION 377
FIGURE 69 RESIDENTIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 377
TABLE 355 ARCHITECTURAL COATINGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 377
TABLE 356 ARCHITECTURAL COATINGS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 378
TABLE 357 ARCHITECTURAL COATINGS MARKET, BY APPLICATION, 2019–2022 (KILOTON) 378
TABLE 358 ARCHITECTURAL COATINGS MARKET, BY APPLICATION, 2023–2028 (KILOTON) 378
13.21 RESIDENTIAL 379
13.21.1 NEW CONSTRUCTION 379
13.21.1.1 Energy efficiency and low maintenance costs to increase demand for architectural coatings 379
13.21.2 REMODEL AND REPAINT 379
13.21.2.1 Surge in renovation activities to fuel demand for architectural coatings 379
13.22 NONRESIDENTIAL 379
13.22.1 COMMERCIAL 380
13.22.1.1 Rise in private sector investments and increasing commercial office spaces to drive market 380
13.22.2 INDUSTRIAL 380
13.22.2.1 Growth of industrial sector to fuel demand for architectural coatings 380
13.22.3 INFRASTRUCTURE 380
13.22.3.1 Infrastructure development in emerging economies to drive market 380
13.23 ARCHITECTURAL COATINGS MARKET, BY REGION 381
FIGURE 70 ASIA PACIFIC TO REGISTER HIGHEST CAGR BETWEEN 2023 AND 2028 381
TABLE 359 ARCHITECTURAL COATINGS MARKET, BY REGION, 2019–2022 (USD MILLION) 381
TABLE 360 ARCHITECTURAL COATINGS MARKET, BY REGION, 2023–2028 (USD MILLION) 382
TABLE 361 ARCHITECTURAL COATINGS MARKET, BY REGION, 2019–2022 (KILOTON) 382
TABLE 362 ARCHITECTURAL COATINGS MARKET, BY REGION, 2023–2028 (KILOTON) 382
13.23.1 ASIA PACIFIC 383
13.23.2 EUROPE 383
13.23.3 NORTH AMERICA 383
13.23.4 MIDDLE EAST & AFRICA 384
13.23.5 SOUTH AMERICA 384
14 APPENDIX 385
14.1 DISCUSSION GUIDE 385
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 388
14.3 AVAILABLE CUSTOMIZATIONS 390
14.4 RELATED REPORTS 390
14.5 AUTHOR DETAILS 391