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Industrial Liquid Coatings Market Share

Report ID: GMI2872
Published Date: Oct 2024
Report Format: PDF

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Industrial Liquid Coatings Market Share

Industrial Liquid Coatings Market Company Share, (2023)

Industrial liquid coatings industry players adopt various strategies to maintain competitiveness and drive growth. Key approaches include product innovation, focusing on eco-friendly and waterborne coatings to comply with environmental regulations. Companies are also expanding their product portfolios by offering high-performance coatings tailored to specific industry needs, such as corrosion resistance for heavy machinery and durability for automotive components. Strategic partnerships, mergers, and acquisitions help companies enhance market reach and improve manufacturing capabilities. Additionally, players are investing in R&D to develop advanced coatings with improved sustainability, durability, and application efficiency, while leveraging digital technologies for better customer engagement and service.

Industrial Liquid Coatings Market Companies

Top companies operating in the industry include:

Akzo Nobel N.V.
PPG Industries
Sherwin-Williams
Axalta coating Systems
Nippon Paint Oils
Baril Coatings
Cardinal
Kansai Paint

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for industrial liquid coatings was valued at USD 69.4 billion in 2023 and is projected to reach USD 108.5 billion by 2032, driven by rising industrialization.

The epoxy segment in the industrial liquid coatings industry is anticipated to reach USD 47.2 billion by 2032, due to demand for durable coatings.

The Asia Pacific market is set to achieve a size of approximately USD 46.1 billion by 2032, driven by rapid industrialization.

Leading players in the industrial liquid coatings sector include Akzo Nobel N.V., PPG Industries, Sherwin-Williams, Axalta Coating Systems, Nippon Paint Oils, Baril Coatings, Cardinal, and Kansai Paint.