LONDON, May 12, 2016 /PRNewswire/ -- Industrial coatings are excellent durable liquids which are used for multiple functions such as resisting corrosion, providing weather protection and enhance performance as well as look of the of the surface. The main purpose why these fluids are used in various industries is because it provides best anti-rust and corrosion protection to any surface. Moreover, these coatings are used for variety of purposes which include durability, gloss, colour retention as well as resistance to dirt. The main factor owing to the growth of this industry is advancing end user industries such as steel, construction, refineries and others. Another important reason for the rise in industrial coating is its superior performance as compared to other coatings. There are different technologies and materials being used for achieving this purpose.
The industrial coatings market has been segmented in to different segments such as type of resins, formulation, end-user application and geography exclusively. While there are many different components and coating materials in the industry, the classification of fluids based on the formulation is done into the following classes; water-based, solvent-based, powder coating and others. Based on the type of coating resins commercially available, the market is categorized into various categories such as acrylic, alkyd, urethane and others. Each type varies greatly and the composition is different with different technical specifications. Industrial coating is being used in different applications.
The key user segments include automotive, marine, steel, decorative coating and others.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided.
Few of the companies that are profiled in this report include:
Jotun A/S and more.
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