Home > Chemicals & Materials > Paints and Coatings > Specialty Coatings > Industrial Coatings Market

Industrial Coatings Market Trends

Report ID: GMI6390
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Industrial Coatings Market Trends

There was an increasing emphasis on eco-friendly and sustainable coatings. Manufacturers and consumers were seeking coatings with low VOC content and reduced environmental impact to comply with stricter regulations and support sustainability initiatives. There was a growing demand for high-performance coatings tailored for specific industrial applications. These coatings offered superior durability, corrosion resistance, chemical resistance, and thermal stability, catering to the needs of industries like aerospace, oil and gas, and automotive.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industrial coatings industry recorded USD 105.2 billion in 2023 and is estimated to reach USD 130.8 billion by 2032, due to increasing number of infrastructure projects and rising demand for protective coatings in machinery, equipment, and structures worldwide.

Demand for epoxy industrial coatings reached USD 35 billion in 2022 and will gain significant revenue share through 2032, owing to widespread popularity in heavy industries, such as aerospace, marine, and oil and gas.

The primers application segment recorded 40% of the industrial coatings market share in 2022 and is expected to witness significant growth by 2032 driven by the increasing demand for anti-corrosion properties in marine, automotive, and infrastructure sectors.

U.S. industrial coatings industry size was USD 20 billion in 2022 and will see significant growth through 2032, owing to the rising need to enhance aesthetics, provide corrosion resistance, and meet automotive OEM specifications in the region.