The global Industrial maintenance coatings market is estimated to reach value of USD 5.23 Billion by 2027, according to a current analysis by Emergen Research. Increase in the demand for eco-friendly coatings is driving the market. Rising demand for durable and efficient coatings, with better mechanical properties, along with the need for reduction in regular maintenance, is projected to drive the market during the forecast period.
The latest report is the most recent study that offers 360° coverage of the Industrial Maintenance Coatings industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Industrial Maintenance Coatings market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
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Scope of The Report
The Industrial Maintenance Coatings market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research. The assessment of the wining strategies followed by these companies can help business owners not only strategize but also execute business operations by referring the statistics about competitor analysis. Careful assessment of the industry analysis across different regions along with vital information on the market size, share and growth rate makes this report a wonderful resource for business evangelists.
Global Industrial Maintenance Coatings market competition by TOP MANUFACTURERS, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- Key market participants include Jotun A/S, Akzo Nobel N.V., The Sherwin-Williams Company, PPG Industries Inc., Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., Tikkurila OYJ, RPM International Inc., Hempel A/S, and Axalta Coating Systems, LLC
For the purpose of this report, Emergen Research has segmented the global industrial maintenance coatings market based on technology, resin type, end-use industry, and region as follows:
Technology Outlook (Revenue, USD Billion; 2017–2027)
- 100% Solids
- Others (UV- and EB-cured Technology)
Resin Type Outlook (Revenue, USD Billion; 2017–2027)
End-use Industry Outlook (Revenue, USD Billion; 2017–2027)
- Energy Power
- Metal Processing
Regional Analysis of the Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Highlights of Report
- Solvent-based coatings are favored over water-based coatings in humid areas. Solvent-based coatings are used to achieve a higher level of gloss than water-based coatings. They are employed by various end-users such as marine, automotive, oil gas, aerospace, metal processing, chemical petrochemical, and power steam generation industries.
- Acrylic resin is available in aqueous and solvent-based systems. These resins are also known for their good oxidative property and UV stability. It offers ideal resistance to extreme environmental conditions and enables rapid setting.
- The energy power segment is likely to continue to expand rapidly during the forecast period, as there exists high demand for industrial maintenance coatings in applications such as flares, chimneys, and storage tanks
- The Asia Pacific region held the largest market share in 2019, as it emerged as the largest consumer as well as producer of the industrial maintenance coatings. Presence of several large and small producers of industrial maintenance coatings in the region is contributing to the market in the region.
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The Industrial Maintenance Coatings Market report also includes an investment analysis and growth trend analysis to help readers maximize their return on investment. It highlights the growth opportunities existing in the global Industrial Maintenance Coatings market segments. It offers an extensive investigation of the import-export status and the rates of production and consumption. The Industrial Maintenance Coatings Market report also provides some of the essential market aspects to draw a forecast for the coming years based on the information derived as part of the historical analysis and an analysis of the current market scenario.
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