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Industrial Maintenance Coatings Market Trends

Report ID: GMI8388
Published Date: Mar 2024
Report Format: PDF

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Industrial Maintenance Coatings Market Trends

The industrial maintenance coatings industry is experiencing a surge in demand due to two main factors such as increased infrastructure development and growing regulations. This trend is further fueled by a shift towards eco-friendly coatings that align with sustainability goals. Additionally, cutting-edge coating technologies like nanotechnology and smart coatings are boosting functionality and durability. The industry is expected to see continued growth, driven by ongoing infrastructure investments, particularly in developing countries. Moreover, the adoption of automation and digitalization in coating applications is expected to improve efficiency. These developments paint a positive picture for the market as it navigates the ever-changing industry landscape.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for industrial maintenance coatings was USD 4.6 billion in 2023 and is expected to register over 3.6% CAGR from 2024-2032 owing to emerging economies increasingly investing in building new infrastructure worldwide.

Industrial maintenance coatings industry from the epoxy segment reached USD 1.6 billion in 2023 due to their ability to adhere flawlessly to surfaces like concrete, metal, or wood, forming an invisible shield against corrosion and damage.

North America industry for industrial maintenance coatings recorded USD 1.6 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to extensive infrastructure projects and stringent regulations in the region.

AkzoNobel N.V., BASF SE, DuPont de Nemours, Inc., Hempel A/S, Jotun AS, Kansai Paint Company, Ltd., PPG Industries, Inc., Sherwin-Williams Company, and Sika AG, are some of the major industrial maintenance coatings companies worldwide.