Global Industrial Liquid Coatings Market was valued US$ 45 Bn in 2017 and is estimated to reach US$ 71 Bn by 2026 at a CAGR of about 6% during a forecast.
Industrial Liquid coating also known as wet painting. Due to certain limitation of powder coating, liquid coating has gain market. Liquid coatings offers more shades of colour, thinner coats, easier masking, smoother surface, dries much smoother for a shinier, less textured appearance, noise control, corrosion & chemical resistance, wear resistance & non-stick, abrasion resistance. Liquid coating enhances material efficiency. Liquid coating includes both solvent based coating and water borne coating. Industrialization, urbanization, expansion of automobile industry and remodelling & expansion in infrastructure sector is driving the Industrial liquid coating market. Government regulation regarding emission of VOCs in solvent based coating restrain the industrial liquid coating market.
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Epoxy resin occupied one third share of the industrial liquid coatings market in 2017. Epoxy resin will continue gaining share owing to properties offered like quick drying, easy application method, protective nature, toughness and other mechanical properties. Polyester based coatings holds second largest market share. Polyester coatings offers superior performance, fast drying, corrosion resistance, cost-effectiveness and other chemical resistance characteristics.
Solvent based coating is dominating the industrial liquid coating market. Solvent-based coatings refers to evaporate via a chemical reaction with oxygen. Solvent based coatings is less susceptible to environmental conditions such as temperature and humidity during the curing process. Humidity can prevent the water in a water-based coating from evaporating, making them impractical in some climates. Environmental concern regarding VOCs emission is about to restrain the solvent based coating market. Water based coating will gain a significant share in the market due to adoption of eco-friendly coatings.
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General industrial segment holds maximum share of market followed by automotive. General industrial segment includes industries such as home appliance manufacturing, food & beverage, textiles, steel, pharmaceutical, containers and packaging, etc. Growing demand for various household application due to rise in disposable income and improved lifestyle will raise the market. Expanding automotive sector is predicted to augment the market growth.
Asia Pacific accounted for the largest share of the market. Industrialization, urbanization and remodelling of infrastructure led by emerging countries like China & India is driving the market in Asia Pacific region. Europe followed Asia Pacific. North America registers a significant growth.
Key Players Profiled and Analised in the Report
Hempen, Briley, Carpool Chemical Group, Castagra Resin s, Henkel, Jamestown Coating Technologies, Premium Coatings and Chemicals, KATS Coatings, Masco, Zuelch Industrial Coatings, Weilburger Coatings, Superior Industrial Coating, Tikkurila Oyj, and Yip’s Chemical Holdings, Sherwin-Williams, PPG Industries, Axalta Coating Systems, AkzoNobel, and BASF. Additional noticeable companies in the industrial coatings market consist of RPM International, Nippon Paint, Sika, Kansai Paint, and Jotun. Burke Industrial Coatings, Chugoku Marine Paints, Aegis Industries, Diamond Vogel and Asian Paints
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Scope of the Global Industrial Liquid Coatings Market Report
Global Industrial Liquid Coatings Market Size By Resin Type:
Global Industrial Liquid Coatings Market Size By Product Type:
• Water Based Coating
• Solvent Based Coating
Global Industrial Liquid Coatings Market Size By Application Type:
• Agriculture & Heavy Equipment
• Oil & Gas Pipelines
• Metal Structures
• General Industry
Global Industrial Liquid Coatings Market Size By Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Industrial Liquid Coating Market:
• Axalta Coatings System
• Spencer Coating
• ACME Finishing
• Jet Finishers, Inc.,
• STP PerProduct ance Coating LLC.
• Alpha Engineered Composites
• Industrialex Manufacturing
• AKZO NOBEL
• PPG Industries, Inc.
• Bowers Industrial
• The Valspar Corporation
• Specialty Polymer Coatings Inc.
• Phygen Coatings, Inc.
• Michelman, Inc.
• Vitracoat America
• RPM International
• Nippon Paint
• Kansai Paint
• Burke Industrial Coating
• Chugoku Marine Paints
• Aegis Industries
• Diamond Vogel
• Asian Paints
• Carpoly Chemical Group
• Castagra Resin s
• Jamestown Coating Technologies
• Premium Coatings and Chemicals
• KATS Coatings
• Zuelch Industrial Coatings
• Weilburger Coatings
• Superior Industrial Coating
• Tikkurila Oyj
• Yip’s Chemical Holdings.
MAJOR TOC OF THE REPORT
Chapter One: Industrial Liquid Coatings Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Industrial Liquid Coatings Market Competition, by Players
Chapter Four: Global Industrial Liquid Coatings Market Size by Regions
Chapter Five: North America Industrial Liquid Coatings Revenue by Countries
Chapter Six: Europe Industrial Liquid Coatings Revenue by Countries
Chapter Seven: Asia-Pacific Industrial Liquid Coatings Revenue by Countries
Chapter Eight: South America Industrial Liquid Coatings Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Industrial Liquid Coatings by Countries
Chapter Ten: Global Industrial Liquid Coatings Market Segment by Type
Chapter Eleven: Global Industrial Liquid Coatings Market Segment by Application
Chapter Twelve: Global Industrial Liquid Coatings Market Size Forecast (2019-2026)
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