Industrial Coatings Market - By Resin Type, By Product Type, By Technology, By Functionality, By End-Use and Forecast, 2025 - 2034

Industrial Coatings Market Size

The global industrial coatings market held a size of USD 215.5 billion in 2024 and is projected to expand to over 4.9% CAGR from 2025 to 2034. Industrial coating plays a crucial role in protecting surfaces across various industries, with the global market expected to reach significant growth.
 

According to the U.S. Environmental Protection Agency (EPA), industrial coatings contribute to reducing volatile organic compound (VOC) emissions, with regulations limiting VOC content in architectural coatings to 250 grams per liter. The U.S. Bureau of Labor Statistics reports that the chemical manufacturing industry, which includes industrial coatings, employed approximately 858,000 workers in 2020.
 

The U.S. Census Bureau's Annual Survey of Manufactures indicates that the paint and coating manufacturing industry generated shipments valued at USD 27.8 billion in 2019. These statistics underscore the economic importance and environmental impact of industrial coatings, driven by increasing demand for durable and sustainable solutions, innovations in low-VOC formulations, and growing applications in emerging sectors like renewable energy and infrastructure development.
 

Industrial Coatings Market Trends

The industrial coatings industry is experiencing significant growth, driven by several key trends. According to the U.S. Environmental Protection Agency (EPA), volatile organic compound (VOC) emissions from industrial coating operations decreased by approximately 60% between 1990 and 2014, indicating a strong shift towards eco-friendly and low-VOC formulations. The U.S. Department of Energy reports that advanced coating technologies could potentially reduce energy consumption in industrial processes by up to 20%.
 

 The U.S. Bureau of Labor Statistics projects a 5% growth in employment for coating, painting, and spraying machine setters, operators, and tenders from 2020 to 2030, reflecting the expanding market. Additionally, the U.S. Census Bureau's Annual Survey of Manufactures indicates that the value of shipments for paint, coating, and adhesive manufacturing reached USD 54.7 billion in 2021, demonstrating the sector's economic significance. These trends, coupled with technological advancements in application techniques and increasing demand for anti-corrosion coatings, are shaping the market amidst rapid global industrialization and infrastructure development.
 

Industrial Coatings Market Analysis

The industrial coatings industry is characterized by steady growth, driven by expanding industrialization and infrastructure development worldwide. Key sectors such as automotive, aerospace, construction, and energy rely heavily on industrial coatings for protection against corrosion, wear, and environmental damage. The demand for high-performance, durable coatings is rising, especially in emerging economies where construction and manufacturing are rapidly growing. Regulatory pressures for low VOC and environmentally friendly coatings are pushing manufacturers to innovate with water-based and powder coatings. Moreover, technological advancements in application processes and the development of smart coating enhance performance, offering opportunities for companies to differentiate and capture market share.
 

The epoxy segment held over USD 80.4 billion in 2024, growing at a CAGR of over 5.4% during the forecast period. Epoxy coatings offer excellent adhesion, chemical resistance, and durability, making them popular in heavy industries like aerospace, marine, and oil and gas. Epoxy coatings are widely used for protecting metal substrates against corrosion, which is essential in infrastructure and industrial applications. Moreover, increasing usage will further accelerate segmental growth.
 

The topcoats segment from industrial coatings market was valued at USD 77 billion in 2024 and garner a 5% CAGR through 2025-2034. The topcoats segment in the market holds significant scope due to its critical role in providing the final layer of protection and aesthetic finish to surfaces. Topcoats enhance durability, resisting environmental factors such as UV radiation, chemicals, and abrasion, making them essential in industries like automotive, aerospace, and construction. With increasing demand for high-performance coatings that deliver both protection and visual appeal, innovations in low-VOC, water-based topcoats are gaining traction. Additionally, specialized topcoats, such as those offering anti-corrosion and heat-resistant properties, are expanding in sectors like marine and energy, further driving the segment’s growth potential.
 

The industrial coatings market size from the solvent-based coatings segment is anticipated to experience around 4.2% CAGR during 2025-2034 with a market size of USD 82.2 billion in 2024. Solvent-based coatings often offer high performance in terms of adhesion, hardness, and chemical resistance, making them preferred in heavy industries and demanding environments. Thus, the high-quality services and growing usage of industrial coatings are anticipated to expedite the business growth.
 

The corrosion resistance segment market was valued at USD 82.9 billion in 2024 and garner a 5.4% CAGR during 2025-2034. The corrosion resistance function in the market plays a vital role, especially in sectors like oil and gas, marine, construction, and automotive, where surfaces are exposed to harsh environments. Corrosion-resistant coatings protect metal and concrete structures from moisture, chemicals, and environmental degradation, extending the lifespan of equipment and infrastructure. As industries push for longer lasting and more durable solutions, the demand for advanced anti-corrosion coatings is rising. Innovations such as epoxy-based and zinc-rich coatings are gaining popularity, driven by regulatory requirements and the need to reduce maintenance costs. This function's scope continues to expand with growing industrialization and infrastructure projects globally.
 

The automotive segment from industrial coatings market was valued at USD 52.8 billion in 2024 and garner a 6.1% CAGR during 2025-2034. Automotive coatings are essential for protecting vehicles from rust and corrosion, extending their lifespan and appearance. Coatings are required for their ability to prevent icing on aircraft surfaces and protect against corrosion at high altitudes.
 

U.S. industrial coatings market size dominated with a market size of USD 71 billion in 2024 and expected to grow at a 5.4% CAGR in 2025-2034. The automotive industry in North America is a significant consumer of industrial coatings. Demand for coatings that enhance aesthetics, provide corrosion resistance, and meet automotive OEM specifications drove the market. Thus, the above-mentioned variables would augment the industrial coatings business growth in North America positively.
 

Industrial Coatings Market Share

Companies in the industrial coatings industry are adopting several key strategies to stay competitive and drive growth. Innovation in eco-friendly products is a major focus, with manufacturers developing low-VOC, water-based, and powder coatings to meet environmental regulations and sustainability goals. Technological advancements, such as smart coatings with self-healing or corrosion-sensing capabilities, are also gaining traction. Additionally, companies are expanding their geographical presence, particularly in emerging markets, through acquisitions, partnerships, and localized production facilities. Customization of coatings for specific industry needs, such as automotive or aerospace, and improving application efficiency through automated technologies are other strategic approaches driving success in the market.
 

Industrial Coatings Market Companies

Major players operating in the industrial coatings industry are:

• AkzoNobel
• Asian Paints Limited
• Axalta Coating Systems
• BASF SE
• Beckers Group
• Hempel A/S
• Jotun
• Kansai Paint Co., Ltd.
• MASCO Corporation
• Nippon Paint Holdings
• PPG Industries
• RPM International Inc.
• The Sherwin-Williams Company
• The Valspar Corporation
   

Industrial Coatings Industry News

• In July 2021, AkzoNobel N.V. and Mercedes-Benz extended their partnership agreement for another four years.
   
• In March 2021, AkzoNobel N.V. invested in Qlayers coating technology which offers a fully automated solution to safer, more consistent, and faster than manual the manual coating processes used now in the industry.
   

This industrial coatings market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

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Market, By Resin Type

• Epoxy
• Polyurethane
• Acrylic
• Alkyd
• Polyester
• Others

Market, By Product Type

• Primers
• Topcoats
• Varnishes
• Powder coatings
• Others

Market, By Technology

• Solvent-based coatings
• Water-based coatings
• Powder coatings
• UV-cured coatings

Market, By Functionality

• Corrosion resistance
• Fire resistance
• Heat resistance
• Others

Market, By End-Use

• Automotive
• Aerospace
• Marine
• Construction
• Oil and gas
• Electronics
• General manufacturing

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa