The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Industrial Coatings Market size, share, analysis future and forecast 2030 comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Detail Overview of Industrial Coatings Industry Size (2025-2030):

According to the latest report, the Global Industrial Coatings Market size is valued at around USD 107.19 billion in 2024 & is projected to reach USD 132.18 billion by 2030. The market is also estimated to grow at a CAGR of around 4.30% from 2025 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Industrial Coatings Market Coverage:

• Historic Period: 2020-23
• Base year: 2024
• Forecast Years: 2025-2030
• Risk & Swot Analysis
• Growth parameters influence Industrial Coatings market dynamics

Market Dynamics:

Opportunity-

Increasing Demand of Bio-Based Coatings to Present Ample Opportunities for Market Growth – Governments and organizations across the US, Europe, and the UK, among others, impose stringent regulations to reduce the environmental footprint of the painting and coating industry. As a result, paint and coating companies have been pressed to follow strict guidelines and transition to the manufacturing of green industrial coatings. Furthermore, the broader use of bio-based coatings in aviation, marine, industrial and medical sectors is booming due to sustainability and regulatory pressures, among others. For instance, in 2023, the International Maritime Organization banned the presence of cybutryne in hull coatings. This growing sustainable activity and regulation from end-use industries is projected to provide new opportunities for bio-based coating in the coming years.

Recent Advancement:

• 2023: Kansai Paint Co. Ltd. announced the acquisition of the global Railway Coatings business assets from Beckers Group´s company for the expansion of its industrial coatings business.

Notable Industrial Coatings Market Players – Business Description, Product Portfolio, Strategic Alliances or Partnerships, Developments and Financial Details

• Kansai Paint Co. Ltd.
• PPG Industries Inc.
• Akzo Nobel N.V.
• Axalta Coating Systems, Llc
• Jotun A/S
• The Sherwin-Williams Company
• Nippon Paint Holdings Co., Ltd.
• Rpm International Inc.
• Hempel A/S
• Basf Coatings Gmbh
• Advanced Nanotech Lab
• The Chemours Company
• Noroo Paint & Coatings
• Weilburger Coatings
• Beckers Group
• Others

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Segmentation of Industrial Coatings Market:

• By Technology (Water-Borne Coatings, Solvent-Borne Coatings, Powder-Based Coatings, Others)
• By Resin Type (Acrylic Resin, Alkyd Resin, Epoxy Resin, Polyester Resin, Polyurethane Resin, Fluoropolymer Resin, Others)
• By End-Use Industry (General Industrial, Marine, Automotive and Vehicle Refinish, Electronics, Aerospace, Oil and Gas, Mining, Power Generation, Others)
• By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)

The General Industrial Segment Holds the Largest Market Share

Based on the end-use industry, the market is further bifurcated into General Industrial, Marine, Automotive and Vehicle Refinish, Electronics, Aerospace, Oil and Gas, Mining, Power Generation, and others. The general industrial segment held the largest market share in the Global Industrial Coatings Market. The sector shows promise with an optimistic outlook due in part to the increasing prevalence of corrosion-resistant coatings meant for shielding against moisture and harmful chemicals while extending machinery longevity. Companies are recognizing advantages gained from eco-friendly coating options promoting reduced VOC emissions that enhance environmental sustainability compliance with regulation standards, and corporate responsibility initiatives driving increased adoption rates within general industrial applications fielding significant resistance properties when exposed to corrosive materials like alkalis, acids, or solvents.

Additionally, the wood industry has experienced a remarkable surge in the industrial coating field, which utilizes these coatings to heighten and safeguard wooden or wood-derived edifices. Through prolonging product lifespan and augmenting aesthetic appeal, this variety of coating is significantly contributing to promoting market advancement within the timber domain.

Asia-Pacific Dominates the Industrial Coatings Industry

The industrial coatings market in the Asia-Pacific region is dominant in both value and volume, with projections anticipating the highest rate of growth during the forecast period. Consumer purchasing power has contributed to an upsurge in demand for luxury cars within this area, while robust investments in the industrial coatings market are boosted by the automotive industry, which continues to drive requests specifically focused on powder and waterborne coatings by discerning clients seeking superior service quality.

In conclusion, the growth and development of the Asia-Pacific region are incredible. This is due to tremendous investment in the furniture, building & construction materials, consumer goods and appliances, automotive products, and maritime technology industries. As a result, more and more manufacturers have decided to relocate their manufacturing facilities here. The global supplier firms will be operating closer to the local sales market, attracted by minimal production costs. Therefore, it can be predicted that the Asia-Pacific region will rise in dominance in the global market in the future.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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