MRO Magazine

Research and Markets: Global Industrial Coatings Market 2015-2019 – What Are the Market Opportunities and Threats Faced by the Key Vendors?


July 13, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/3l7xxh/global_industrial) has announced the addition of the “Global Industrial Coatings Market 2015-2019” report to their offering.

The global industrial coatings market to grow at a CAGR of 5.29% over the period 2014-2019.

Industrial coatings are paints and coatings used in industries for protective and aesthetic purposes. Industrial coatings are used in a wide range of industries such as automotive, construction, and electronics, and are available as liquid, powder, and pre-treatment and electrocoat products.

Demand for industrial coatings from emerging economies such as India, China, Brazil, and the Commonwealth of Independent States is on the rise. Rapid economic development in these countries, especially those in APAC, is expected to contribute to market growth.

According to the report, vendors are increasing R&D investments for the introduction of coatings with superior performance. Increased awareness about environmental safety has led to the introduction of eco-friendly industrial coatings with minimal volatile organic compound content.

Further, the report states that governments worldwide have formulated laws and regulations to limit the negative impact of VOCs, toxic chemicals such as tributyltin, and heavy metals such as lead and chromium that are likely to be present in coatings. Such regulations are particularly stringent in developed regions such as North America and Europe.

The global industrial coatings market can be segmented into three:

  • Liquid coatings
  • Powder coatings
  • Pre-treatment and electrocoat coatings

Key Vendors

  • AkzoNobel
  • Axalta Coatings System
  • BASF
  • Beckers
  • PPG Industries
  • Sherwin-Williams
  • Valspar

Other Prominent Vendors

  • Aegis Industries
  • Asian Paints
  • Brillux
  • Burke Industrial Coatings
  • Carpoly Chemical Group
  • Castagra Products
  • Chugoku Marine Paints
  • Diamond Vogel
  • Hempel
  • Henkel
  • Jamestown Coating Technologies
  • Jotun
  • Kansai Paint
  • KATS Coatings
  • Masco
  • Nippon Paints
  • Premium Coatings and Chemicals
  • RPM International
  • Sika
  • Superior Industrial Coating
  • Tikkurila Oyj
  • Weilburger Coatings
  • Yip’s Chemical Holdings
  • Zuelch Industrial Coatings

For more information visit http://www.researchandmarkets.com/research/3l7xxh/global_industrial

Research and Markets
Laura Wood, Senior Manager
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