Nov 2, 2021   SOURCE: BusinessWire

Global Industrial Coatings Market Outlook Report 2021-2026 - Growing Demand in Aerospace, Automotive, and Marine Industries - ResearchAndMarkets.com

The "Global Industrial Coatings Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

The global industrial coatings market is expected to witness a considerable growth rate during the forecast period.

Growing demand in the aerospace, automotive, and marine industry for protective coatings is primarily driving the global market for industrial coating.

Moreover, the introduction of new technologies like nanocoatings and 3D rendering has boosted the market further. Rising environmental concerns and stringent government regulations related to the emission of volatile organic compounds (VOCs) are expected to hinder market growth in the near future.

The rising demand for industrial coatings in the automotive industry is due to increased overall vehicle demand, aging vehicles, and environmental concerns. Moreover, increasing vehicle production in countries such as China, Mexico, Indonesia, Japan, U.S., South Korea, Germany, and India is further driving the growth of the market.

Coatings applied on automobiles primarily are composed of phosphate, electrocoat, primer, basecoat, and clearcoat. Polyurethane coatings are largely applied by original equipment manufacturers (OEMs) during vehicle production and by auto refinishers during the repair. Polyurethane-based automotive coatings improve a vehicle's appearance, and protect it from harsh weather conditions, and can help prevent corrosion. Engine parts, including exhaust manifolds and gaskets, are some of the vital components to be coated with protective industrial coatings.

The selection of these coatings is based not only on the requirement of thermal protection but also on corrosion protection and decay. The shift from conventional gasoline-powered vehicles to hybrid vehicles and electric vehicles is anticipated to gain traction in the coming years. The global electric car stock reached 4.79 million in 2019 from 3.27 million in 2018.

In electric vehicles, intumescent coatings are being used to avoid heat runaway in battery modules and to protect in an ultimate failure situation by suppressing the spread of smoke and fire outside of the battery box. Electric vehicle manufacturers are exploring the use of a wide range of lightweight material alternatives to traditional steel and are looking to employ a multi-material approach to weight reduction.

The use of new materials in the manufacturing processes is driving innovation across the entire supply chain and vehicle coating process. The coatings industry expects a continued change from metals towards plastic and 'smart' materials over the next ten years for the new trend of vehicles. The aerospace industry is continuously growing, with both Airbus and Boeing showing record deliveries in recent years due to the growth of the commercial fleet.

The market for industrial coatings is consolidated, with major companies acquiring the majority of the market. Some of the key players in the global market are PPG Industries Inc., The Sherwin-Williams Company, Akzo Nobel NV, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, among others.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

2.1 Aim & Objective of the study

2.2 Market Definition

2.3 Study Information

2.4 General Study Assumptions

2.5 Research Phases

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Feedstock Analysis

3.6 Regulatory Policies

3.7 Analysis of Covid-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

5.1 By Resin

5.1.1 Epoxy

5.1.2 Polyurethane

5.1.3 Fluoropolymer

5.1.4 Alkyd

5.1.5 Acrylic

5.1.6 Polyester

5.1.7 Others

5.2 By Technology

5.2.1 Water-borne

5.2.2 Solvent-borne

5.2.3 Powder

5.2.4 Others

5.3 By End-User Industry

5.3.1 Aerospace

5.3.2 Automotive

5.3.3 Marine

5.3.4 Wood Finish Coating

5.3.5 General Industrial

5.3.6 Others

6. Regional Market Analysis

6.1 North America

6.1.1 United States

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 Italy

6.2.4 France

6.2.5 Spain

6.2.6 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.4 South Korea

6.3.5 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 South Africa

6.5.2 Saudi Arabia

6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

7.1 Akzo Nobel NV

7.2 Axalta Coating Systems

7.3 Jotun

7.4 PPG Industries Inc.

7.5 The Sherwin-Williams Company

7.6 BASF SE

7.7 Beckers Group

7.8 Hempel A/S

7.9 Kansai Paint Co. Ltd.

7.10 Nippon Paint Holdings Co., Ltd.

7.11 RPM International Inc.

7.12 Chugoku Marine Paints, Ltd.

7.13 Arkema Group

7.14 HB Fuller Company

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/ropwut