Industrial Coatings Industry

The global industrial coatings market size was estimated at USD 90.79 billion in 2024 and is projected to grow at a CAGR of 3.7% from 2025 to 2030. The increasing usage of refinish coatings for automotive maintenance, repair, and aftermarket painting to enhance visual appearance, surface protection, and corrosion resistance is expected to propel the demand for industrial coatings.

Industrial coatings are widely used in various end use sectors such as automotive and vehicle refinishing, electronics, aerospace, oil & gas, mining, marine, and power generation. Automotive and refinish coatings are among the major industrial Coatings. The growing usage of refinish coatings for automotive maintenance, repair, and aftermarket painting, due to visual appearance, surface protection, and corrosion resistance, is expected to propel the demand for industrial coatings.

Industrial coatings are widely used in commercial and industrial applications such as warehouses, hospitals, manufacturing and industrial plants, showrooms, commercial and retail stores, garages, and airplane hangars. They protect floors from moisture, stains, and cracks and provide a high-performance, smooth, and durable surface that lasts several years and withstands heavy loads.

The growth in the construction industry globally has been a significant factor contributing to the demand for floor coatings. Countries such as the U.S., China, India, Indonesia, the UK, Saudi Arabia, and the UAE are majorly contributing to the growth of the global construction industry. The growing population and rising industrialization have encouraged governments to increase construction spending to expand infrastructural development.

Gather more insights about the market drivers, restrains and growth of the Global Industrial Coatings market

Industrial Coatings Market Segments Highlights:

• Asia Pacific dominated the global industry in 2024 and will expand further at the fastest CAGR during the forecast period
• The acrylic segment led the industry in 2024 owing to its rising demand in various end-use industries
• Powder-based coatings are widely used in agricultural equipment, automotive, machine components, mechanical parts & building facades, and electrical fixtures to prevent corrosion and provide a thicker coating
• Increasing demand for farming equipment, such as tractors, in Brazil, India, and China is expected to boost the demand for powder-based industrial coatings
• Various strategic initiatives were recorded over the past few years to boost the industry growth.

Industrial Coatings Market Report Segmentation

Grand View Research has segmented the global industrial coatings market based on product, technology, end-use, and region:

Industrial Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Acrylic
• Alkyd
• Polyurethane
• Epoxy
• Polyesters
• Others

Industrial Coatings Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Solvent Borne
• Water Borne
• Powder Based
• Others

Industrial Coatings End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• General Industrial
• Marine
• Automotive & Vehicle Refinish
• Electronics
• Aerospace
• Oil & Gas
• Mining
• Power Generation
• Others

Industrial Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030) 

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East and Africa
  • Saudi Arabia
  • South Africa

Key Industrial Coatings Company Insights

The competitive landscape of the global market is characterized by intense competition among a few key players, technological advancements, and strategic initiatives aimed at maintaining industry leadership and driving innovation. Key companies have a strong presence in the overall global coatings industry, leveraging their brand reputation to maintain market share and drive growth.

Some of the key players operating in the market include

• BASF SE operates through six business segments, namely industrial solutions, materials, surface technologies, chemicals, nutrition & care, and agricultural solutions. Products offered by the company are used in agriculture, construction, pharmaceuticals, energy & power, home care & nutrition, automotive & transportation, rubber & plastics, leather & textiles, and personal care & hygiene industries
• Akzo Nobel N.V. is involved in manufacturing and marketing paints & performance Coatings. It operates through three business segments-specialty chemicals, performance Coatings, and decorative paints. Major products offered by the company are industrial chemicals, functional chemicals, pulp & performance chemicals, powder Coatings, and automotive & aerospace Coatings

Key Industrial Coatings Company Insights

• BASF SE
• Akzo Nobel N.V.
• Axalta Coating Systems
• Jotun
• PPG Industries, Inc
• The Sherwin-Williams Company
• Nippon Paint Holdings Co., Ltd.
• Hempel A/S
• RPM International Inc.
• Diamond Paints
• Kansai Paints

Recent Developments

• In July 2022, IGL Coatings announced the launch of Eco Coat Armor, a tough and durable coating designed for maintenance and extending the life of various surfaces. This coating offers impact, high flexibility, chemical resistance & corrosion, and protection against chemicals and harsh environments
• In February 2022, PPG Industries, Inc. announced the acquisition of Arsonsisi, an industrial Coatings company in Italy, and its powder Coatings business. The acquisition aims to provide PPG Industries, Inc. with the opportunity to gain ownership of a modern, highly automated powder manufacturing plant in Italy capable of producing small and large batches

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