Industrial Coatings – Technavio Publishes Forecast and Market Analysis
By Business Wire News
By Business Wire News
Technavio has published a new report on the global industrial coatings market,which is expected to grow at a CAGR of more than 5% from 2015-2019.
Industrial coatings market segmentation by end-user, type, and region
Technavio’s report analyzes the solutions and products offered by market vendors and presents a comprehensive breakdown of the market by end-user, including general finishes, automotive original equipment manufacturers (OEMs), automotive refinish, wood coatings, and coil coatings.
Additionally, analysts have segmented the market by key region, including Asia-Pacific (APAC), Europe, Middle East, and Africa (EMEA), and the Americas.
“The growing demand for industrial coatings from emerging economies such as India, China, Brazil, and the Commonwealth of Independent States is on the rise. Rapid economic growth in these countries, especially those in Asia-Pacific, is expected to contribute to market growth,” says Faisal Ghaus, Vice President of Technavio.
Industrial coatings: Market scope and size
This report covers the present scenario and growth prospects of the global industrial coatings market for the period 2015-2019. To calculate the market size, we use the revenue generated from the sales of industrial coatings.
- Key vendors:
- AkzoNobel NV
- Axalta Coating Systems LLC
- BASF SE
- PPG Industries Inc.
- Market growth drivers:
- Rapid development of infrastructure
- Introduction of new products
- Market challenges:
- Stringent laws and regulations
- Rising cost of raw materials
- Market trends:
- Increasing demand from emerging economies
- Growing preference for eco-friendly coatings
View the global industrial coatings market report.
Technavio currently has more than 3,000 market research reports on an extensive range of topics, with 200-plus reports on the industrial coatings market. Examples include:
- Powder Coatings Market in Romania – Trends & Industry Insights 2015-2019
- Wood Coatings Market in Europe 2015-2019
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