AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Industrial Coatings market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Industrial Coatings market to grow at a CAGR of 5.4% to aggregate USD116419.6 Million by 2024.
The End users, such as Automotive, is boosting the Industrial Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Resins, such as Polyurethane, is boosting the Industrial Coatings market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Industrial Coatings market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Customer needs such as High Performance, Improved Durability, and Extended Service Life, Rising Need for Environment Friendly Coatings and Growing sales of Luxurious Automobiles. †
Industrial coatings are type of specialty paints and coatings which offers specific characteristics to the surface. It has wide number of application in various end-use industries which comprises of lifestyle products, automotive, consumer electronics, construction among others. These type of paints and coatings have higher performance and durability and is also involved in offering biocompatible protections as well as anti-microbial properties. Various properties of Speciality paints and coatings are anti-abrasion, UV protection, anti-corrosion, and chemical resistance among others. Rapid urbanization coupled with increasing per capita income among consumers, rising demand for speciality paints and coatings from automotive, wood furniture and marine industry is fostering the market for industrial coatings market
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Industrial Coatings market by Type (Water-based, Solvent-based, Powder and Pre-treatment), by Application (General Finishes, Wood and Heavy Duty Equipment) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market