Industrial Specialty Coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Industrial specialty coatings are a kind of layer that presents performance as per the needs of particular applications. Industrial specialty coatings satisfy the basic definition of a topcoat, primer, and self-priming. Some of the benefits of these specialty coatings are fire or temperature resistance, substrate compatibility, temporary protection, antireflection, sealing, excellent adhesive properties, and enhanced corrosion protection.

MARKET DYNAMICS

The industrial specialty coatings market has witnessed significant growth owing to factors such as wider application in industries such as general industrial, marine protective, automotive, aerospace, packaging, and others. Increasing customer requirements, including improved durability, high performance, and extended service life, are anticipated to augment specialty coatings demand during the forecast period. These coatings are also expected to gain market share in both residential as well as commercial segments on account of improved resistance towards chemicals, heat, and abrasion. However, Stringent environmental regulations, coupled with testing standards, may restrict the growth of the industrial specialty coatings market. Nevertheless, with the steady growth in the paint & coatings industry and automotive industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Industrial Specialty Coatings Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial specialty coatings market with detailed market segmentation by resin, technology, end-use industry, and geography. The global industrial specialty coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial specialty coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global industrial specialty coatings market is segmented on the basis of resin, technology, and end-use industry. On the basis of resin, the industrial specialty coatings market is segmented into acrylic, polyurethane, epoxy, polyester, fluoropolymers, and others. The industrial specialty coatings market on the basis of the technology is classified into solvent-based, water-based, powder coating, and others. On the basis of end-use industry, global industrial specialty coatings market is bifurcated into general industrial, marine protective, automotive, aerospace, packaging, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global industrial specialty coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial specialty coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the industrial specialty coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the industrial specialty coatings market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global industrial specialty coatings market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from industrial specialty coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial specialty coatings in the global market. Below mentioned is the list of few companies engaged in the industrial specialty coatings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial specialty coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Akzo-Nobel N.V
  
•   Asian Paints PPG Pvt. Limited
  
•   Axalta Coating Systems Ltd.
  
•   BASF SE
  
•   Henkel AG & Co. KGaA
  
•   Jotun
  
•   Mitsubishi Chemical Corporation
  
•   Nippon Paint Holdings Co., Ltd.
  
•   PPG Industries, Inc.
  
•   Sherwin-Williams Company
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Industrial Specialty Coatings Report Scope