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Industrial Coatings Market Size

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

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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.

industrial coatings market

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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.

Industrial Coatings Market Report Attributes
Report Attribute	Details
Base Year:	2024
Industrial Coatings Market Size in 2024:	USD 215.5 billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	4.9%
2025 – 2034 Value Projection:	USD 345.8 billion
Historical Data for:	2021 – 2024
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Resin type, product type, technology, functionality, end-use
Growth Drivers:	Increasing industrial activities Expansion of the automotive industry Growing aerospace industry Technological advancements
Pitfalls & Challenges:	Stringent environmental regulations Rising raw material costs

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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.

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.