The global industrial coatings market, during the forecast period 2019 to 2025, will register growth at a CAGR of 3.5%. The market for industrial coatings is set to reach US$78.2 billion by 2027. As per market analysts, the global market is anticipated to witness growth owing to the factors such as the growing demand for multifunctional coating as well as high product demand across different regions. However, the market will face challenges and restraints due to difficulty in obtaining thin films and regulatory constraints during the forecast period 2019 to 2025.
The growing demand for industrial coatings in automotive and marine applications in the industrial coatings market is set to play a key role in determining the growth potential during 2019 to 2025years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the industrial coatings market is poised to grow at a fast pace across end-use, resin, and technology segments, factors such as environment related concerns could slow down the market’s growth worldwide.
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Industrial coatings have seen increased demand over the years, due to lucrative growth opportunities for manufacturers and increasing environmental concerns. Companies functioning in the global industrial coatings market are also being challenged due to stringent rules and regulations and unfavorable policies. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2019 to 2025. As the industrial coatings market is set to register a high CAGR of 3.5% and is also anticipated to reach a US$78.2 billion by 2027, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the industrial coatings market during the forecast period 2019 to 2025.
PPG confirmed it had concluded a definitive agreement to purchase VersaFlex, which is an automotive, carpeting, transport networks and products manufacturer specialised in polyurea, adhesive and polyethylene processing for water infrastructures and industrial waste. VersaFlex is a DalFort Capital Partners partnership firm. The deal is scheduled to end under normal closing terms in the first quarter of 2021. Financial details have not been revealed. are All forward remarks included statements about the timing of the purchase VersaFlex and its anticipated profits aren’t detailed.
The industrial coatings market has been segmented into end-use, resin, and technology. Based on the segment which is end-use, the market is categorized on the basis of automotive & transportation, industrial, industrial wood, marine protective, packaging, and others. The global market for industrial coatings is further segmented based on resin into acrylic, epoxy, fluoropolymers, polyester, polyurethane, and others. Furthermore, the market, on the basis of technology, is segmented into powder, solvent-based, water-based, and others.
The global market research report covers all the aspects of the industrial coatings market based on the segmental analysis of these end-use, resin, and technology segments. Analysts have also studied the global market’s regional markets spread across many continents and countries. The end-use, resin, and technology segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the industrial coatings market.
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The challenges faced by companies in order to obtain thin films in powder coatings may hinder the industrial coatings market growth. The market research report suggests that companies in the market could be supported by the rising demand for nano-coatings as well as increasing mergers and acquisitions during the forecast period. The industrial coatings market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for industrial coatings during the forecast period 2019 to 2025. As per market analysts, the market is set to witness tremendous growth across acrylic and packaging segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the industrial coatings market are also analyzed and studied in the market research report.
The industrial coatings market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The industrial coatings market report covers all such regions including the Middle East, Africa, Brazil, and others.
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