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Industrial coatings market size will reach 27.19 billion liters by 2026, growing at a CAGR of 4.20% during the period 2021-2026.
Due to the arrival of new products and various technological advancements such as electrification, autonomous vehicles, additive manufacturing, and connectivity the demand of vehicles is increasing. This will in turn increase the demand of industrial coatings market. Customers are prioritizing products that are environment friendly. In the industrial coatings market, sustainability is the key enabler to adapt to the constantly changing environmental regulations. Stricter environmental regulations are in place owing to increasing awareness amongst consumers about the harmful effects of VOC. Thus, the demand for coatings with lower VOC, solvent-based coatings, and water-based coatings is increasing.
The industrial coatings market report includes segments by resin type (epoxy, polyurethane, alkyd, polyester, acrylic, and others), technology (water borne, solvent borne, powder based, and others), and end-users (general industry, automotive, construction, electronics, oil & gas, marine, aerospace, and others).
The key vendors in industrial coatings market are AkzoNobel, Axalta Coating Systems, BASF, Nippon Paint, PPG Industries, and Sherwin-Williams etc.
https://www.arizton.com/market-reports/industrial-coatings-market-size-analysis
Powder coatings market size will reach USD 13.5 billion by 2026, growing at a CAGR of 5.97% during the period 2021-2026.
The demand for powder-based coatings has increased owing to their superior durability and enhanced efficiency. Powder-based coatings are most resistant to scratches, chipping, fading, and wearing and are widely used in the construction and automotive industries In 2019, global automotive production was recorded at 91.70 billion and is likely to grow in the coming years. With to the increasing number of vehicles, the demand for powder-based coatings will also increase.
The powder coatings market includes segments by resin type (thermoset resin (epoxy, epoxy polyester, polyester, polyurethane, & others) and thermoplastic resin) and end-user industry (appliances/ consumer goods, automotive, general industrial, furniture, architectural & others).
The key vendors in the powder coatings market are AkzoNobel, PPG Industries, Sherwin-Williams, RPM International, and Axalta Coating Systems.
https://www.arizton.com/market-reports/powder-coatings-market
Waterborne coatings market size will reach USD 105.05 billion by 2026, growing at a CAGR of 5.07% during the period 2021-2026.
The factors that will drive the water-borne coatings market are stringent government regulations toward low VOC content and characteristics such as environment-friendliness and ease of handling. Apart from these, the growing middle-class population and rising standards of living are also aiding the demand for decorative coatings which, in turn, will drive the market for water-borne coatings.
Key vendors in the water-borne coatings market include AkzoNobel, PPG Industries Inc., Sherwin Williams , RPM International Inc., and Axalta Coating Systems.
The water-borne coatings market report includes segments by resin type (epoxy, polyester, acrylic, polyurethane, alkyd, and others) and end-user (automotive, general industrial, architectural, wood industry, packaging, and others).
https://www.arizton.com/market-reports/waterborne-coatings-market
Coating additives market size will reach USD 11 billion by 2026, growing at a CAGR of 5% during the period 2021-2026.
The demand for coating additives is increasing at a rapid rate in every region. These coatings are widely used to protect the surface from scratches, dust, yellowing, UV rays, stain, general wear, and tear and offer durability and conductivity. Coating additives play a significant role in heightening the aesthetic appeal of the exterior surface of buildings, vehicles, aerospace, furniture, among others, thus making it appealing for the customer. The major change happening in the coating industry is the continuous adoption of coating technologies with the motive of offering better products every time. These new coating technologies include water-borne coatings, powder-borne coatings, high solids coating, two-component systems, and radiation-curable coatings.
The coating additives market includes segments by formulation (solvent-borne, water-borne, and powder-borne), function (rheology modification, defoamer, biocides impact modification, wetting & dispersion, and others), type (acrylic, fluoropolymers, epoxy, urethanes, and others), and end-use industries (automotive, furniture, construction, industrial, aerospace, and others)
Key vendors include AkzoNobel NV, BASF, BYK, Evonik Industries, and Arkema SA.
https://www.arizton.com/market-reports/coating-additives-market-size-analysis
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