DUBLIN, July 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Industrial Coatings - A Global Market Overview" report to their offering.
Global demand for industrial coatings is estimated at US$73.8 billion in 2016 and projected to touch US$105.5 billion by 2022, growing by a rate compounded annually at 6.1% between 2016 and 2022. Asia-Pacific has been estimated to be the largest market as well as the fastest growing market in terms of both volumes and value during the above mentioned analysis period.
Globally, volume consumption of General Industrial Coatings is the largest product segment, expected to maintain a CAGR of 5.7% between 2016 and 2022 and reach a projected 5.4 billion liters by 2022 from a forecast 3.9 billion liters in 2016. In terms of growth, however, the global volume market for Auto OEM Coatings is poised to post the fastest similar period compounded annual rate of 6.6% and reach a projected 3.3 billion liters by 2022, compared to a forecast 2.2 billion liters in 2016.
The diversity of industrial coatings can be attributed to the extensive range of its application areas. This sector encompasses protective coatings for architectural steel, automobiles and other transportation media, oil and offshore structures and wood furniture and fixtures, just to name a few.
Being primarily utilized for protecting substrates against attacks by chemicals, water, corrosion and the environment, industrial coatings have to perform in some of the most severe conditions. Adding to this has been the challenge of complying with environmental legislations enacted by regimes across the globe, which has compelled coatings manufacturers to focus on developing durable coatings that, other than meeting environmental regulations, also have to deliver outstanding performance. These factors have led manufacturers to rethink strategy and develop more eco-friendlier and innovative solutions that can address regulations and also offer the desired performance.
Global market for Industrial Coatings' product segments analyzed in this study include Auto OEM Coatings, Auto Refinish Coatings, Coil Coatings, General Industrial Coatings, Industrial Maintenance & Protective Coatings, Marine Coatings, Packaging Coatings, Powder Coatings, Transportation Coatings and Wood Coatings.
Key Topics Covered:
Part A: Global Market Perspective
2. Key Market Trends
3. Key Global Players
4. Key Business Trends
5. Global Market Overview
Part B: Regional Market Perspective
1. North America
4. South America
5. Rest Of World
Part C: Guide To The Industry
Part D: Annexure
- Advanced Industrial Coatings
- Aegis Industries Inc.
- Akzo Nobel N.V.
- ALTANA AG
- Axalta Coating Systems
- Brillux GmbH & Co. KG
- Burke Industrial Coatings
- Carpoly Chemical Group Co. Ltd.
- Castagra Products, Inc.
- Chugoku Marine Paints Ltd.
- Clariant International Ltd.
- Diamond Vogel Paint Company
- Hempel A/S
- Henkel Corporation
- Industria Chimica Adriatica SpA
- Jamestown Coating Technologies
- Jotun A/S
- Kansai Paint Co., Ltd.
- KATS Coatings
- Nippon Paint Industrial Coatings Co., Ltd.
- NOROO Paint & Coatings Co., Ltd.
- PPG Industries, Inc.
- Premium Coatings and Chemicals Pvt Ltd.
- RPM International Inc.
- SIKA AG
- Superior Industrial Coating, Inc.
- The Chemours Company
- The Sherwin-Williams Company
- The Valspar Corporation
- Wacker Chemie AG
- Watson Coatings, Inc.
- Weilburger Coatings GmbH
- Wilh. Becker Holding GmbH
- Yip's Chemical Holdings Limited
- Zuelch Industrial Coatings GmbH
For more information visit http://www.researchandmarkets.com/research/2zmvb7/industrial
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-industrial-coatings-market-overview-2016-2022---market-is-estimated-at-us738-billion-in-2016-and-projected-to-touch-us1055-billion-by-2022---research-and-markets-300296556.html
SOURCE Research and Markets