The key factor driving the growth of the market is the growing demand from industrial and automotive industries in general. The general industrial end-use industry segment is the largest segment of the industrial coatings market.
New York, April 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Industrial Coatings Market by Resin, Technology, End-Use Industry and Region – Global Forecast to 2026” – https:// www. reportlinker.com/p04998215/?utm_source=GNW
The general industrial coatings market has a diversity of end users and multiple industries. The market is growing owing to increasing population growth, growth in infrastructure, improving living standards, growth in global GDP, and growth in the construction sector.
Industrial coatings are used in the appliance industry in applications that require a combination of appearance and resistance to abrasion, chemicals and temperature cycling. Household appliances and power tools use the impact resistance of industrial coatings.
Washing machines, laundry equipment, dishwashers, refrigerator doors and shelves, air conditioners, blenders and grinders, and microwave ovens are examples of appliances where industrial coatings are used.
The appliance industry uses coatings on the front and side panels of refrigerators, dryer drums, air conditioning cabinets, washer tops and covers, water heaters, dishwasher racks, freezer cabinets, cracks in microwave ovens and other products.
Asia-Pacific is the fastest growing industrial coatings market over the forecast period.
Asia-Pacific is the largest industrial coatings market, by value and volume, and is expected to be the fastest growing market during the forecast period. The region has experienced economic growth over the past decade.
According to the IMF and the World Economic Outlook, China and Japan were the world’s second and third-largest economies, respectively, in 2020. The United Nations Population Fund reports that Asia-Pacific accounts for 60% of the world’s population , or 4.7 billion inhabitants. people. The region includes the most populous countries in the world such as China and India. This is expected to become an increasingly important driver of the global construction industry over the next two decades. The market will also be fueled by rapidly increasing household incomes and rapidly growing demand from small towns and rural areas due to increased customer awareness.
In-depth primary interviews were conducted and information gathered from secondary research to determine and verify the market size of several segments and sub-segments.
Breakdown of primary interviews:
• By business type: Level 1: 42%, Level 2: 25% and Level 3: 33%
• By designation: level C – 35%, level D – 19% and others – 45%
• By region: Europe – 42%, North America – 25%, Asia-Pacific – 17%, South America – 8% and Middle East and Africa – 8%
Key companies profiled in this report are AkzoNobel NV (Netherlands), PPG Industries (US), Sherwin-Williams (US), Axalta coating systems, LLC (US) and Nippon Paint (Japan).
The industrial coatings market has been segmented based on technology (water-based, solvent-based, powder coatings and others), by resin (acrylic, alkyd, epoxy, polyester, polyurethane, vinyl, fluoropolymer and others) , by end-use industries (general industrial products). , protection, automotive refinish, automotive OEM, industrial wood, marine, coils, packaging, aerospace and rail) and by region (Asia-Pacific, North America, Europe, South America, Middle East and Africa).
Reasons to buy the report
From an insightful perspective, this research report focuses on different levels of analyzes – industry analysis (industry trends), market share analysis of key players and company profiles, which together understand and discuss basic views of the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides information about the following pointers:
• Market penetration: comprehensive information on industrial coatings offered by major market players
• Product Development/Innovation: detailed information on upcoming technologies, research and development activities and new product launches in the market
• Market development: Comprehensive insights into lucrative emerging markets: The report analyzes the Industrial Coatings market across all regions
• Market diversification: comprehensive information on new products, untapped geographies, recent developments and market investments
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of key market players.
Read the full report: https://www.reportlinker.com/p04998215/?utm_source=GNW
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