HYDERABAD, India and WILMINGTON, Delaware, August 30, 2017 /PRNewswire/ --

The report "Industrial Coatings Market: By Coatings Resin (Acrylic, Alkyd, Urethane, Epoxy, Polyester and Others); By Formulation (Water based, Solvent based, Powder based and Others); By Application (General Industrial, Automotive & Transportation, Coil & Extrusion Coatings, Heavy Duty Equipment, Wood Coatings and Others); By Geography - Forecast (2017 - 2021)" published by IndustryARC, estimates the market to reach $50.47 billion by 2021.

     (Logo: http://photos.prnewswire.com/prnh/20141106/712194 )

http://industryarc.com/Report/11724/industrial-coatings-market.html

Early Buyers will receive 10% Customization on this Report 

Growing usage of industrial coatings in general industrial applications, as well as automotive sector is all set to escalate the industrial coatings market. Additionally, growing emphasis on renewable energy facilities also drives the usage of industrial coatings. The EU's economy is largely influenced by the dynamics of developed countries of Western Europe; however, the scenario is changing with increasing investments in Eastern Europe. Amongst the various applications served by industrial coatings, it finds its use majorly in general industrial sector. To elaborate, these general industrial coatings find use in various applications such as drums, barrels, cans, consumer goods, decorative items, ventilation and conditioning coatings, auto ancillary industry coatings, metal furniture, accessories and connections coatings, general metal industry coatings and many more.

Request a TOC" http://industryarc.com/pdfdownload.php?id=11724

Based on types of coating resins available commercially, the industrial coatings market is segmented into acrylic, alkyd, epoxy, urethanes and more. Epoxy Industrial coatings derive their use in various applications pertaining to steel industry as well which include plash zones, refineries, power plants, bridges, buildings and mining equipment and more. Furthermore, epoxy paint systems also deliver advanced corrosion resistance for crucial oil and gas components and structures operating in corrosive environments. The key segmentations for industrial coatings market include coating resin type, formulation, application and by geography.

Escalating application of protective coatings in Aerospace, Automotive as well as Oil & gas industries in emerging countries is anticipated to propel the demand for Industrial Coatings

The global industrial coatings market is estimated to grow at a CAGR of 5.0% during the forecast period and will reach $50.47 billion by 2021. As the companies operating in the industrial coatings segment are striving to compete on a global scale, they require to modernize their industrial production facilities. Though solvent based coatings are one of the majorly used industrial coatings formulation, these coatings are a course of potentially hazardous emissions called VOCs which react with oxygen and damage the ozone layer. The prevailing environmental concerns are propelling a switch from solvent-based to water-based coatings. Solvent based coatings are less susceptible to environmental conditions such as temperature and humidity during the curing phase. Escalating demand for automotive & transportation is propelling the growth of industrial coatings in various geographies.

For any sales query, follow the link: http://industryarc.com/support.php?id=11724

The market of industrial coatings has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of geography. In 2016, APAC is the prominent region for industrial coatings market and is estimated to grow with CAGR of 6.0% during the forecast period. The growth in APAC is attributed to the increasing automotive and manufacturing activities. However, considerable industrial coatings demand in Americas along with European countries is likely to boost the overall market.

The Prominent Players in this Market Include 

• PPG Industries Inc.
• AkzoNobel N.V.
• The Sherwin Williams Company
• Axalta Coating Systems Inc.
• The Valspar Corporation

Industrial coating companies through its broad range of products, product expansion and innovation have been successful in catering to a variety of customers, consequently maintaining their hold over the industrial coatings market. PPG Industries Inc has been successful in catering to industrial and manufacturing needs, but their stronghold in the automotive sector is the primary reason as to which they are amongst the leading suppliers. Monitoring their future business involvements, IndustryARC analysts expect PPG Industries to maintain its position in the market. AkzoNobel N.V. has recently acquired the industrial coatings division of BASF SE in order to strengthen its position in the market. With various product launches, mergers, acquisitions, collaborations and other strategies, these companies are obtaining industrial coatings market shares in the industry.

Browse Related Reports: 

• Hard Coatings Market: By Material Type (Nitrides, Oxides), By Application (Cutting Tools, Decorative Coatings), By Deposition Technique (PVD, CVD), By End-Use Industry (General Manufacturing, Transportation) & By Region - Forecast (2017- 2022) http://industryarc.com/Report/16429/hard-coatings-market.html
  
  
• Aerospace Coatings Market: Resin Type (Polyurethanes, Epoxy), Technology (Liquid, Powder), User Type (MRO, OEM), End User (Commercial, Military, General Aviation), Application (Exterior, Interior) & Region - Forecast (2017- 2022) http://industryarc.com/Report/16441/aerospace-coatings-market.html

About IndustryARC: 

IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc
Follow us on Twitter: https://twitter.com/IndustryARC
Browse Market Research Reports - http://industryarc.com/Domain/4/chemicals-materials-market-research.html

SOURCE IndustryARC