Industrial Liquid Coatings Market Trends

Industrial Liquid Coatings Market Trends

The market 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 coatings decreased by 66% between 1990 and 2014, indicating a shift towards more environmentally friendly options. The U.S. Census Bureau reports that the value of shipments for paint and coating manufacturing reached USD 27.8 billion in 2020, reflecting the industry's economic importance. The European Chemicals Agency (ECHA) notes that approximately 4,000 substances are registered for use in coatings and inks, highlighting the diverse range of products in the market. These trends include the adoption of water-based coatings, increased demand for high-performance coatings in industries like automotive and aerospace, and the development of smart coatings with advanced properties. The market is also seeing a push towards sustainability, with a focus on bio-based and low-VOC liquid coatings to meet stringent environmental regulations and consumer preferences.