Published by Coherent Market Insights
Posted on September 28, 2021
Industrial coating is a paint or coating, which is defined by its protective, rather than the aesthetic properties, although it can provide both. The most common use of industrial coating include corrosion control of steel or concrete. The global industrial coatings market is estimated to surpass US$ 46,916.5 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.5% during the forecast period (2020 to 2027).
Industrial coating products are available in the market with promising properties that help prevent products from corrosion, majorly due to the improved performance of coatings and their advanced manufacturing methods. Moreover, manufacturers are continuously introducing new coatings that have environmentally-friendly characteristics in the market. Nowadays, the technology for manufacturing coatings has evolved and it is different from the conventional technology. For instance, besides solvent-based coatings, various other coatings are available in the market including water-based, solvent less, and UV-cured coatings among others.
Top Key Players in Industrial Coatings market: Akzo Nobel N.V., Axalta Coating Systems, BASF Coatings, Beckers Group, Berger Paints India Limited, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, NIPSEA Group, PPG Industries, Inc., Teknos Group, The Chemours Company, and The Sherwin-Williams Company.
Regional Analysis For Industrial Coatings Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Coatings market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Proper maintenance of kit is important to make sure high efficiency and effectiveness of coatings. The components got to be inspected and maintained regularly to supply good finishing quality. Powder coatings got to be stored during a cool and dry place, and hence, requires storage conditions that doesn’t affect the standard of products. Industrial coatings like powder coatings are hygroscopic in nature and has the tendency to undergo reaction when exposed to humidity, which ends up in caking of the merchandise . Factors like temperature, humidity, direct sunlight, and contamination got to be considered, while storing powder coatings. they’re also susceptible to fire hazards when in touch with air, along side organic materials like dust.
The use of powder coatings need to be monitored and safety precautions need to be maintained. Thus, the overall equipment selection, maintenance, and storage, and use of industrial coatings incurs capital investment, which acts as a restraining factor for the industrial coatings market.
Product portfolio expansion with low curing temperature is the key market trend, which is expected to drive the market growth over the forecast period. For instance, in 2019, Koninklijke DSM N.V., a global science-based company in nutrition, health, and sustainable living, launched Uralac EasyCure resin, P3225, for fast-cure or low-temperature powder coating applications for architectural components. Uralac EasyCure P3225 can be cured in few minutes at 180°C and offers a unique combination of coating benefits by enabling good appearance, higher degassing limit, robust outdoor durability, and reliable storage stability.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Industrial Coatings market by Forecast to 2021 to 2027 with Covid-19 Impact Analysis appeared first on Gatorledger.
Industrial coating is a paint or coating, which is defined by its protective, rather than the aesthetic properties, although it can provide both. The most common use of industrial coating include corrosion control of steel or concrete. The global industrial coatings market is estimated to surpass US$ 46,916.5 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.5% during the forecast period (2020 to 2027).
Industrial coating products are available in the market with promising properties that help prevent products from corrosion, majorly due to the improved performance of coatings and their advanced manufacturing methods. Moreover, manufacturers are continuously introducing new coatings that have environmentally-friendly characteristics in the market. Nowadays, the technology for manufacturing coatings has evolved and it is different from the conventional technology. For instance, besides solvent-based coatings, various other coatings are available in the market including water-based, solvent less, and UV-cured coatings among others.
Top Key Players in Industrial Coatings market: Akzo Nobel N.V., Axalta Coating Systems, BASF Coatings, Beckers Group, Berger Paints India Limited, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co., Ltd., KCC Corporation, NIPSEA Group, PPG Industries, Inc., Teknos Group, The Chemours Company, and The Sherwin-Williams Company.
Regional Analysis For Industrial Coatings Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Coatings market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Proper maintenance of kit is important to make sure high efficiency and effectiveness of coatings. The components got to be inspected and maintained regularly to supply good finishing quality. Powder coatings got to be stored during a cool and dry place, and hence, requires storage conditions that doesn’t affect the standard of products. Industrial coatings like powder coatings are hygroscopic in nature and has the tendency to undergo reaction when exposed to humidity, which ends up in caking of the merchandise . Factors like temperature, humidity, direct sunlight, and contamination got to be considered, while storing powder coatings. they’re also susceptible to fire hazards when in touch with air, along side organic materials like dust.
The use of powder coatings need to be monitored and safety precautions need to be maintained. Thus, the overall equipment selection, maintenance, and storage, and use of industrial coatings incurs capital investment, which acts as a restraining factor for the industrial coatings market.
Product portfolio expansion with low curing temperature is the key market trend, which is expected to drive the market growth over the forecast period. For instance, in 2019, Koninklijke DSM N.V., a global science-based company in nutrition, health, and sustainable living, launched Uralac EasyCure resin, P3225, for fast-cure or low-temperature powder coating applications for architectural components. Uralac EasyCure P3225 can be cured in few minutes at 180°C and offers a unique combination of coating benefits by enabling good appearance, higher degassing limit, robust outdoor durability, and reliable storage stability.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Industrial Coatings market by Forecast to 2021 to 2027 with Covid-19 Impact Analysis appeared first on Gatorledger.
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