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Global Industrial Coatings Growth Opportunities
Global Industrial Coatings Growth Opportunities
New Product Development will be Directed Toward the Development of Formulations with a Superior Cost-performance Index
RELEASE DATE
15-Jun-2022
15-Jun-2022
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: PCA3-01-00-00-00
SKU: CM01960-GL-MT_26639
$4,950.00
In stock
SKU
CM01960-GL-MT_26639
Description
This Frost & Sullivan study presents an assessment of the current status and the future prospects of the global industrial coatings market. It takes into account the volumes and the revenue generated from industrial coatings, including metal can coatings, coil coatings, agricultural and construction equipment (ACME), and general industrial (GI) coatings from 2018 to 2028. Revenue is recorded at the formulated coatings level.
The key chemistries used on these substrates are discussed in detail, and the dynamics between solvent-borne, water-borne, powder, and
UV-cured coatings are also analyzed. Regional trends and dynamics across the 4 key geographies of the Americas; Europe; Asia-Pacific; and the Middle East, Africa, and South Asia (MEASA) have been discussed. Key application segments for each of the market segments are also examined.
The industrial coatings market is experiencing significant growth due to the pent-up demand from end industries. End industries such as automotive, appliances, ACME, and industrial manufacturing witnessed a sharp decline in 2020 due to the COVID-19 pandemic. However,
quick market recovery due to vaccination drives and booster administrations have resulted in pent-up demand from these industries, which has positively impacted coating demand. Building and construction (B&C) and food and beverage (F&B) cans registered strong growth even during the pandemic, presenting robust growth opportunities for industrial coatings.
The transition from traditional solvent-borne coatings to low-VOC formulations such as high-solid solvent-borne, water-borne, and powder
coatings has remained moderate in the industrial coatings segments when compared to other coatings segments such as automotive and decorative coatings. This can be largely attributed to the less-stringent regulatory push along with price-sensitive customers in industrial markets. There is a growing focus on improving functional attributes and coating performance, especially in the ACME segment where OEM approvals and specifications remain crucial. Supply chain disruptions in the global chemicals landscape, which have resulted in high raw material prices, present significant challenges to coating formulators, thereby increasing the price of industrial coatings.
Key Issues Addressed:
- At what stage of the growth lifecycle is the market, and what are the key growth drivers during the forecast period?
- What are the growth opportunities in the global industrial coatings market?
- How is the regulatory scenario expected to impact the different market segments?
- What are the key technological developments observed across major segments?
- What are the competitive factors impacting the market? Which companies are expected to lead the market in future?
Author: Christeena Thomas
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Industrial Coatings Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Growth Metrics
Geographic Scope
Forecast Assumptions
Revenue and Volume Forecast
Average Price Forecast
Revenue Forecast by Segment
Volume Forecast by Segment
Revenue Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis
Revenue Share
Segment Characteristics and Overview
Segment Overview and Introduction
Segment Overview and Introduction (continued)
Value Chain Analysis
Value Chain Analysis (continued)
Value Chain Analysis (continued)
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Graphical Summary—Key Drivers and Restraints
Growth Metrics
Revenue and Volume Forecast
Percent Revenue Forecast by Region
Percent Volume Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis
Revenue and Volume Forecast Analysis by Region
Percent Volume Forecast by Application
Volume Forecast by Application
Volume Forecast Analysis by Application
Volume Forecast Analysis by Application (continued)
Percent Volume Forecast by Chemistry
Volume Forecast by Chemistry
Volume Forecast Analysis by Chemistry
Percent Volume Forecast by Technology
Volume Forecast by Technology
Volume Forecast Analysis by Technology
Average Price Forecast
Competitive Environment
Revenue Share
Segment Characteristics and Overview
Segment Overview and Introduction
Value Chain Analysis
Value Chain Analysis (continued)
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Graphical Summary—Key Drivers and Restraints
Growth Metrics
Revenue and Volume Forecast
Percent Revenue Forecast by Region
Percent Volume Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis
Revenue and Volume Forecast Analysis by Region
Percent Volume Forecast by Application
Volume Forecast by Application
Volume Forecast Analysis by Application
Volume Forecast Analysis by Application (continued)
Volume Forecast Analysis by Application (continued)
Percent Volume Forecast by Chemistry
Volume Forecast by Chemistry
Volume Forecast Analysis by Chemistry
Percent Volume Forecast by Technology
Volume Forecast by Technology
Average Price Forecast
Competitive Environment
Revenue Share
Segment Characteristics and Overview
ACME Market Definitions
Value Chain Analysis
Value Chain Analysis (continued)
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Graphical Summary—Key Drivers and Restraints
Graphical Summary—Key Drivers and Restraints (continued)
Growth Metrics
Revenue and Volume Forecast
Percent Revenue Forecast by Region
Percent Volume Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis
Revenue and Volume Forecast Analysis (continued)
Revenue and Volume Forecast Analysis by Region
Percent Volume Forecast by Application
Volume Forecast by Application
Volume Forecast Analysis by Application
Percent Volume Forecast by Chemistry
Volume Forecast by Chemistry
Volume Forecast Analysis by Chemistry
Percent Volume Forecast by Technology
Volume Forecast by Technology
Volume Forecast Analysis by Technology
Average Price Forecast
Competitive Environment
Revenue Share
Segment Characteristics and Overview
Segment Characteristics and Overview (continued)
Value Chain Analysis
Value Chain Analysis (continued)
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Graphical Summary—Key Drivers and Restraints
Growth Metrics
Revenue and Volume Forecast
Percent Revenue Forecast by Region
Percent Volume Forecast by Region
Volume Forecast by Region
Revenue and Volume Forecast Analysis
Revenue and Volume Forecast Analysis (continued)
Revenue and Volume Forecast Analysis (continued)
Revenue and Volume Forecast Analysis by Region
Percent Volume Forecast by Chemistry
Volume Forecast by Chemistry
Volume Forecast Analysis by Chemistry
Percent Volume Forecast by Technology
Volume Forecast by Technology
Volume Forecast Analysis by Technology
Average Price Forecast
Competitive Environment
Revenue Share
Growth Opportunity 1: Focus on Improving the Cost-Performance Index of Coatings
Growth Opportunity 1: Focus on Improving the Cost-Performance Index of Coatings (continued)
Growth Opportunity 2: Post-pandemic Buoyant End Industries to Present Significant Growth Opportunities
Growth Opportunity 2: Post-pandemic Buoyant End Industries to Present Significant Growth Opportunities (continued)
Growth Opportunity 3: Enhanced Customer Relationships
Growth Opportunity 3: Enhanced Customer Relationships (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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This Frost & Sullivan study presents an assessment of the current status and the future prospects of the global industrial coatings market. It takes into account the volumes and the revenue generated from industrial coatings, including metal can coatings, coil coatings, agricultural and construction equipment (ACME), and general industrial (GI) coatings from 2018 to 2028. Revenue is recorded at the formulated coatings level.
The key chemistries used on these substrates are discussed in detail, and the dynamics between solvent-borne, water-borne, powder, and
UV-cured coatings are also analyzed. Regional trends and dynamics across the 4 key geographies of the Americas; Europe; Asia-Pacific; and the Middle East, Africa, and South Asia (MEASA) have been discussed. Key application segments for each of the market segments are also examined.
The industrial coatings market is experiencing significant growth due to the pent-up demand from end industries. End industries such as automotive, appliances, ACME, and industrial manufacturing witnessed a sharp decline in 2020 due to the COVID-19 pandemic. However,
quick market recovery due to vaccination drives and booster administrations have resulted in pent-up demand from these industries, which has positively impacted coating demand. Building and construction (B&C) and food and beverage (F&B) cans registered strong growth even during the pandemic, presenting robust growth opportunities for industrial coatings.
The transition from traditional solvent-borne coatings to low-VOC formulations such as high-solid solvent-borne, water-borne, and powder
coatings has remained moderate in the industrial coatings segments when compared to other coatings segments such as automotive and decorative coatings. This can be largely attributed to the less-stringent regulatory push along with price-sensitive customers in industrial markets. There is a growing focus on improving functional attributes and coating performance, especially in the ACME segment where OEM approvals and specifications remain crucial. Supply chain disruptions in the global chemicals landscape, which have resulted in high raw material prices, present significant challenges to coating formulators, thereby increasing the price of industrial coatings.--BEGIN PROMO--
Key Issues Addressed:
- At what stage of the growth lifecycle is the market, and what are the key growth drivers during the forecast period
- What are the growth opportunities in the global industrial coatings market
- How is the regulatory scenario expected to impact the different market segments
- What are the key technological developments observed across major segments
- What are the competitive factors impacting the market Which companies are expected to lead the market in future
Author: Christeena Thomas
| Deliverable Type | Market Research |
|---|---|
| Author | Soundarya Gowrishankar |
| Industries | Chemicals and Materials |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PCA3-01-00-00-00 |