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
REGION
Global
Research Code: PCA3-01-00-00-00
SKU: CM01960-GL-MT_26639
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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.
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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)

Legal Disclaimer

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

More Information
Author Soundarya Gowrishankar
Industries Chemicals and Materials
No Index No
Is Prebook No
Podcast No
WIP Number PCA3-01-00-00-00