The global industrial coatings market is projected to be worth about EUR 38,5 bn by the end of 2022 Image source: denphumi – stock.adobe.com (symbol image).
1. May 2020 | Raw materials
Industrial coatings market to reach about EUR 38,5 billion 2022
The market intelligence provider Transparency Market Research has published a new report on industrial coatings.
According to Transparency Market Research, the competitive landscape present in the global industrial coatings market is quite fragmented. Presence of large number of players operating in the overall market has intensified the competition in the past few years. Vendors are making continuous effort to expand their geographical reach of their businesses through investments and mergers and acquisitions.
Product innovation and research and development for incorporating better technology in production of industrial coatings are anticipated to be leading strategies of key companies in the market. The research report picks out PPG Industries, The Valspar Corporation, Nippon Paint Holdings Co., The Sherwin-Williams Company, AkzoNobel N.V., Jotun A/S, and BASF as the leading players in the global industrial coatings market.
Demand for epoxy resins is projected to dominate the global market
According to the research report, the global industrial coatings market is projected to be worth about EUR 38,5 bn by the end of 2022 from circa EUR 29 bn 2017. During the forecast years of 2017 and 2022, the market for industrial coatings is anticipated to register a CAGR of 5.8%. Out of the various types of resins, the demand for epoxy resins is projected to dominate the global market as it aims to reach a valuation of EUR 13.5 bn by the end of 2022. Geographically, the global industrial coatings market will be led by North America between 2017 and 2022.
More information can be found on the Transparancy Market Research website.
Additives for Water-borne Coatings
Water-borne systems are the coatings of the future. The market is developing an insatiable appetite for ecologically sound coatings based on renewable raw materials. The demands on coating performance are at least as high as those on environmental compatibility. Additives help to protect the environment by effectively reducing the use of organic solvents. Many of today’s water-borne coatings could not be formulated without them. When incorporated into water-borne paints, coatings and printing inks, they enhance both the production process and the performance of the applied inks and coating materials. Additives for water-borne coatings is a must read for formulators wishing to brush up on water-borne coating systems, as well as experts seeking to have detailed knowledge at their finger tips.
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