Industrial Coatings Market worth $129.2 billion by 2028 Globally, at a CAGR of 3.3% says MarketsandMarkets™



Chicago, Feb. 25, 2024 (GLOBE NEWSWIRE) — The Industrial Coatings Market size is projected to grow from USD 108.1 billion in 2022 to USD 129.2 billion in 2028, at a CAGR of 3.3%, as per the recent study by MarketsandMarkets™. Stringent regulations promoting the reduction of emissions and hazardous waste, increasing demand for solvent recovery in end-use industries, and financial benefits through reduced procurement costs and waste disposal expenses will propel solvent recovery and recycling market growth during the forecast period.

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List of Key Players in Industrial Coatings Market:

Akzo Nobel N.V. (Netherlands)
Axalta Coatings Systems LLC. (US)
Jotun A/S (Norway)
PPG Industries Inc. (US)
The Sherwin-Williams Company (US)

Drivers, Restraints, and Opportunities in Industrial Coatings Market:

Driver: Environmental regulations boost demand for VOC-free coatings
Restrain: Difficulty in obtaining thin films in powder coatings
Opportunity: Continuous demand for extended product lifetime and reduced maintenance
Challenge: Stringent regulatory policies

Key Findings of the Study:

Epoxy segment is expected to hold largest share of the industrial coatings market during the forecasted period.
Solvent borne coating technology segment hold the largest segment in overall industrial coatings market during forecast period.
General Industrial end-use industry accounted largest share of the global industrial coatings market during forecasted period.
Asia Pacific region likely to account the largest share of the global industrial coatings market during forecasted period.

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Acrylic resin type industrial coatings accounted for the largest share of the overall industrial coatings market, in terms …

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