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A fresh report titled “Industrial Coatings Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 152 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.
Most Popular Companies profiled in the Industrial Coatings Market include are The Sherwin-Williams Company (US), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries, Inc. (US), Jotun A/S (Norway), Axalta Coating Systems (US), RPM International Inc. (US), Hempel A/S (Denmark), TikkurilaOyj (Finland), NOROO Paint & Coatings Co Ltd (South Korea), Kansai Paint Co., Ltd. (Japan), WEILBURGER Coatings GmbH (Germany), The Chemours Company (US), and Teknos Group (Finland).
The Industrial Coatings Market size is expected to grow from US$ 107.4 Billion in 2019 to US$ 139.0 Billion by 2024, at a CAGR of 5% during the forecast period . The report spread across 152 Pages, Profiling 11 Companies and Supported with 134 Tables and 39 Figures is now available in this research.
The general industrial and automotive segments are the largest end-user industries of industrial coatings. Population growth, improved standard of living, infrastructure growth, global GDP growth, and recovery and growth in the construction industry are driving the growth of the general industries. Automotive OEM is an integral part of automotive manufacturing. Coatings offer excellent quality and durability to automotive equipment. Industrial coatings possess superior mechanical properties that protect automobiles from scratches, environment, and chemical exposure.
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APAC has emerged as the leading consumer and producer of industrial coatings due to the growing manufacturing sector in all major economies of the region. Also, the presence of many large, as well as small industrial coatings producers, is driving the market in the region. The demand for industrial coatings in APAC is driven majorly by consumption in China.
Breakdown of primary participants’ profile:
- By Company type: Tier 1 – 42%, Tier 2 – 25%, and Others – 33%
- By Designation: C Level – 36%, Director Level – 19%, and Others – 45%
- By Region: Europe – 42%, North America – 25%, APAC – 17%, South America – 8%, and the Middle East & Africa – 8%
- To analyze the competitive developments such as investment & expansion, merger & acquisition, new product launch, and partnership & collaboration, contract & agreement in the industrial coatings market
- To understand the structure of the industrial coatings market by identifying its various subsegments
- To understand the competitive landscape and identify major growth strategies adopted by players across the key regions
- To define, describe, and forecast the global market size of industrial coatings
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To project the size of the market and its submarkets, in terms of value, with respect to the five regions (along with their respective key countries)
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