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Industrial Coatings Market Share

Report ID: GMI6390
Published Date: Nov 2024
Report Format: PDF

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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

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for industrial coatings was valued at USD 215.5 billion in 2024 and is projected to reach USD 345.8 billion by 2034, driven by a CAGR of over 4.9% from 2025 to 2034.

The epoxy segment held a market value of over USD 80.4 billion in 2024 and is expected to grow at a CAGR of over 5.4% during the forecast period, driven by its superior adhesion, chemical resistance, and durability.

U.S. market was valued at USD 71 billion in 2024 and is expected to grow at a 5.4% CAGR from 2025 to 2034, driven by the significant demand from the automotive industry for coatings that enhance aesthetics and provide corrosion resistance.

Major players in the industry include AkzoNobel, Asian Paints Limited, Axalta Coating Systems, BASF SE, Beckers Group, Hempel A/S, Jotun, Kansai Paint Co., Ltd., MASCO Corporation, and Nippon Paint Holdings.