Industrial Maintenance Coatings Market Growth, Forecast, Overview and Key Companies Analysis by 2028

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Market Size – USD 3.84 Billion in 2019, Market Growth – at a CAGR of 3.9%, Market Trend – High demand from the APAC region

The global Industrial maintenance coatings market is estimated to reach value of USD 5.23 Billion by 2027, according to a current analysis by Emergen Research. Increase in the demand for eco-friendly coatings is driving the market. Rising demand for durable and efficient coatings, with better mechanical properties, along with the need for reduction in regular maintenance, is projected to drive the market during the forecast period.

However, difficulty in achieving thin films of powder coatings is limiting the market for industrial maintenance coatings. Additionally, in water-based coatings, the need for more drying time of the coatings is expected to hamper the demand for the market during the forecast period. Changing environmental regulations for achieving longer sustainability and performance at a low cost are driving the market. The ease in application of the coatings, implementation of stringent environmental regulations, and increased durability of the coatings,  is projected to drive the demand for the market during the forecast period. Enhanced efficiency results in cost savings.

The latest report provides detailed insights into Industrial Maintenance Coatings market trends, industry trends, consumer trends, market size, market share, market growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Industrial Maintenance Coatings market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Industrial Maintenance Coatings market growth is driven by a variety of factors and trends, primary of which include rising focus by major companies on product/service expansion into new and untapped domestic Industrial Maintenance Coatings markets, rising investments in strategic agreements, and rising competition in the market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is a major trend in an increasing number of developing economies. In addition, availability of favorable government policies and steady economic growth across various regions and countries is resulting in an increasing number of players focusing on leveraging opportunities to drive visibility and increase revenue and profits.

Top key vendors in Industrial Maintenance Coatings Market include are:

Jotun A/S,

Akzo Nobel N.V.,

The Sherwin-Williams Company,

PPG Industries Inc.,

Kansai Paint Co., Ltd.,

Nippon Paint Holdings Co., Ltd.,

Tikkurila OYJ,

RPM International Inc.,

Hempel A/S, and

Axalta Coating Systems, LLC

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

  • Technology Outlook (Revenue, USD Billion; 2017–2027)
    • Water-based
    • Solvent-based
    • Powder
    • 100% Solids
    • Others (UV- and EB-cured Technology)
  • Resin Type Outlook (Revenue, USD Billion; 2017–2027)
    • Polyurethane
    • Epoxy
    • Acrylic
    • Alkyd
    • Others
  • End-use Industry Outlook (Revenue, USD Billion; 2017–2027)
    • Energy Power
    • Transportation
    • Metal Processing
    • Construction
    • Chemical
    • Others

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Industrial Maintenance Coatings Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Industrial Maintenance Coatings industry

North America Industrial Maintenance Coatings market growth registered a significant incline in 2020 and this is having major impact on market growth of other major regions. In addition, North America Industrial Maintenance Coatings market growth is expected to continue to remain dominant over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall Industrial Maintenance Coatings market trends, and this is expected to continue to support market growth in North America.

Asia Pacific Industrial Maintenance Coatings market growth is expected to register a rapid rate in terms of revenue as compared to other regional markets over the forecast period. China, India, and South Korea accounted for significantly robust Industrial Maintenance Coatings market growth in 2020, and the trend is expected to continue over the forecast period. Factors such as increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries is driving Industrial Maintenance Coatings market growth in Asia Pacific.

Europe Industrial Maintenance Coatings market growth and revenue expansion is expected to remain steady over the forecast period. This can be attributed to robust focus on research and development initiatives by major firms and changing Industrial Maintenance Coatings market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/427

The research provides answers to the following key questions:

  • What will be the growth rate and the market size of the Industrial Maintenance Coatings industry for the forecast period 2020-2027?
  • What are the major driving forces expected to impact the development of the Industrial Maintenance Coatings market across different regions?
  • Who are the major driving forces expected to decide the fate of the Industrial Maintenance Coatings industry worldwide?
  • Who are the prominent market players making a mark in the Industrial Maintenance Coatings market with their winning strategies?
  • Which Industrial Maintenance Coatings industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
  • What are the key barriers and threats believed to hinder the development of the industry?
  • What are the future opportunities in the Industrial Maintenance Coatings market?

Table of Content

Chapter 1. Methodology Sources

    1.1. Industrial Maintenance Coatings Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Industrial Maintenance Coatings Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Industrial Maintenance Coatings Market Segmentation Impact Analysis

    4.1. Industrial Maintenance Coatings Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Industrial Maintenance Coatings Market indicators analysis

          4.2.2. Industrial Maintenance Coatings Market drivers analysis

                    4.2.2.1. Rapid urbanization and industrialization

                    4.2.2.2. Stringent government regulations regarding carbon emissions

                    4.2.2.3. Increasing prevalence of respiratory diseases

                    4.2.2.4. Rising need to enhance indoor air quality

          4.2.3. Industrial Maintenance Coatings Market restraints analysis

                    4.2.3.1. High cost associated with the maintenance of Industrial Maintenance Coatings products

                    4.2.3.2. Availability of renewable sources of energy

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

    10.1. Industrial Maintenance Coatings Market Revenue Share By Manufacturers

    10.2. Mergers Acquisitions

    10.3. Competitor’s Positioning

    10.4. Strategy Benchmarking

    10.5. Vendor Landscape

          10.5.1. Raw Material Suppliers

                    10.5.1.1. North America

                    10.5.1.2. Europe

                    10.5.1.3. Asia Pacific

                    10.5.1.4. Middle East Africa

                    10.5.1.5. Latin America

          10.5.2. Distributors

                    10.5.2.1. North America

                    10.5.2.2. Europe

                    10.5.2.3. Asia Pacific

                    10.5.2.4. Middle East Africa

                    10.5.2.5. Latin America

          10.5.3. Others

Continued….

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