Global Industrial Coatings Market Research Report: Forecast (2025-2030)

Market Definition

Specialized paints or coatings intended for use on surfaces in industrial environments are known as industrial coatings. These coatings preserve, decorate, and improve the functionality of surfaces that are subjected to demanding circumstances or particular specifications, among other uses. Industrial coatings give surfaces like metal, concrete, wood, and plastic life and durability by being designed to withstand corrosion, abrasion, chemicals, and severe temperatures.

Market Insights & Analysis: Global Industrial Coatings Market (2025-30):

The Global Industrial Coatings Market size is valued at around USD 107.19 billion in 2024 & is projected to reach USD 132.18 billion by 2030. The market is also estimated to grow at a CAGR of around 4.30% during the forecast period, i.e., 2025-30. The necessity for industrial coatings has increased with the growth and development of chemicals, oil and gas, food and beverage industries. Natural gas and oil have the highest usage as fuels across the world making them have great significance in the energy market which in turn affects international trade greatly. Moreover, due to oil being used as a source of power by many sectors like petrochemicals, transportation among others; its demand continues to rise consistently. Consequently, these are the primary drivers behind industrial coatings demand.

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Moreover, the government authorities of nations such as Brazil, Guyana, etc., have also been focusing on strengthening their energy security by planning to establish new oil & gas industries. Hence, with the announcement of newer oil field projects like North Field Expansion (Qatar), YellowTail Offshore (Guyana), etc., the need for industrial coatings also expanded across the sector. This was primarily because coatings provide corrosion prevention, chemical resistance, etc., to the equipment present in the oil & gas industry.

Furthermore, adjacently, while not reducing performance, companies are spending on coming up with environment-friendly coatings. To keep up with the world’s goals in sustainability, many countries’ governing bodies and international institutions have enforced stricter rules on volatile organic compounds (VOCs) and other harmful elements used in coatings. As a result, manufacturers have been forced to uphold this hence they ended up producing waterborne paints with low VOC levels as substitutes which are friendly to our environment.

Additionally, the packaging industry is witnessing an escalation in demand for coatings with exceptional CO2 retention capabilities to ensure freshness. Meanwhile, the wood sector also reflects increased demand for environment-friendly coatings driven by heightened construction activity. Hence, with enhanced R&D efforts coupled with improved demand for industrial coatings, the market is expected to witness substantial growth & expansion during the forecast period.

Global Industrial Coatings Market Driver:

Expansion of the Automotive Sector to Drive the Industrial Coatings Industry – The growing sales of passenger vehicles worldwide have led to a massive increase in automobile manufacturing worldwide. Furthermore, the growth in consumer expendable income in countries such as India, the Philippines, and other Southeast Asian countries has enhanced the rise by hike in demand for automobiles. Moreover, the sales of luxury cars have also risen substantially as consumers have been changing preferences and rising disposable incomes and there has been a growth in demand for modern automotive technologies utilized in automobiles. In response to the rising demand for luxury vehicles, manufacturers are quickly developing manufacturing facilities across developing regions like the Asia Pacific to manufacture more premium cars in emerging nations.

Henceforth, the intensifying sales of passenger vehicles, especially across developing countries, have significantly contributed to the growth & development of automobile manufacturing across the globe. Hence, the demand for industrial coatings has also significantly increased as a result of the increased manufacturing of high-performance cars, which aim to offer a luxury experience.

Furthermore, market growth is expected to be further supported by the increasing demand for customized vehicle designs and paints. The established automobile manufacturers are planning for future expansion of their production plants to manufacture customized vehicles, which would augment the size & volume of the Industrial Coatings Market in the coming years.

Global Industrial Coatings Market Opportunity:

Increasing Demand of Bio-Based Coatings to Present Ample Opportunities for Market Growth – Governments and organizations across the US, Europe, and the UK, among others, impose stringent regulations to reduce the environmental footprint of the painting and coating industry. As a result, paint and coating companies have been pressed to follow strict guidelines and transition to the manufacturing of green industrial coatings. Furthermore, the broader use of bio-based coatings in aviation, marine, industrial and medical sectors is booming due to sustainability and regulatory pressures, among others. For instance, in 2023, the International Maritime Organization banned the presence of cybutryne in hull coatings. This growing sustainable activity and regulation from end-use industries is projected to provide new opportunities for bio-based coating in the coming years.

Global Industrial Coatings Market Challenge:

Stringent Regulatory Policies for VOCs Impeding Market Growth & Expansion – Exposure to industrial coatings containing volatile organic compounds (VOCs) poses serious and long-lasting health risks for individuals carrying out activities in such environments. VOCs, a class of pervasive organic substances with a high vapor pressure at typical temperatures, are hazardous to human well-being as they evaporate or sublimate into their surroundings from liquids and solids. Commonly utilized types of these solvents include aliphatic & aromatic hydrocarbons, esters, ketones, alcohols, and glycol ethers, among others, that support coating dispersion or dissolution through reduction of viscosity and thickness levels. This has negatively impacted the Industrial Coatings Market and created hindrances in its adoption rate.

As a result of their adverse effects on both people's well-being and surroundings, governing bodies increasingly regulate VOC emissions. To address environmental concerns linked with conventional ingredients used in coatings' application techniques and by-products generated during this process, research has been encouraged for pollution prevention solutions. The sector continues to struggle with chemicals as demand for VOC-free coatings from various regulatory bodies increases. For instance,

• In 2023, the National Science Foundation (NSF) enforced a new regulation that imposes strict limits on the allowable levels of Xylol and other solvents used in potable water storage tank linings within the United States.

Consequently, these manufacturers exercise caution when employing various chemical compounds to ensure compliance with rigorous standards governing their products' chemical composition. However, growth prospects are clouded by environmental concerns over volatile organic compounds (VOCs), which pose health risks. Governments worldwide have instituted rigorous measures, including the Occupational Safety and Health Administration (OSHA), the Environmental Protection Agency (EPA), and California Air Resource Board regulations, aimed at curbing adverse effects on humans and nature from VOC emissions during production processes.

Global Industrial Coatings Market Trend:

Increasing Integration of Advanced Nanotechnology – Incorporating nanotechnology in industrial coatings is a key contributor to the market's growth & development. Nanocoatings operate by manipulating particles at the nano-level, improving traits such as sturdiness, resistance against scratches, and anti-corrosion capabilities. Additionally, increased demand for high-quality protective and long-lasting coatings across diverse industry segments aids market growth. Some of the major market players operating in the nanocoating business are Nanogate AG, Buhler Group, PPG Industries, Nanophase Technologies Corporation, Nanomech Inc., etc. These players focus on strategic partnerships, new product launches, & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market. For instance,

• In February 2022, PPG acquired Arsonsisi's powder coating production commercial enterprise, leveraging nanotechnology. PPG received entry to Arsonsisi's superior, notably automatic powder production plant in Verbania, Italy, geared up for both small- and huge-batch production. This strategic acquisition facilitated PPG's enlargement of its nanotechnology-based powder coating portfolio throughout the Europe, Middle East, and Africa (EMEA) region, reinforcing its function as a frontrunner in innovative coating solutions.

The emergence of nanocoatings is significantly instigating a rise in demand worldwide due to their ability to provide thin, lightweight, and highly efficient protective layers across diverse sectors like automotive, aerospace, and electronics. Moreover, the expansion of the market can be linked to its escalating incorporation in the realms of healthcare and food processing.

Global Industrial Coatings Market (2025-30): Segmentation Analysis

The Global Industrial Coatings Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025-2030 at the global level. According to the analysis, the market has been further classified as:

Based on Technology:

• Water-Borne Coatings
• Solvent-Borne Coatings
• Powder-Based Coatings
• Others

The solvent-borne segment accounts for the majority of the market share on account of their rapid drying ability, making them well-suited for high-speed production processes. These coatings create a durable and seamless surface on different materials, such as metal, plastic, wood, and concrete. Furthermore, their exceptional bonding ability enhances protection against harm caused by corrosion, wear-and-tear factors, and environmental threats. Moreover, these coatings offer an extensive range of customizable finishing options to meet aesthetic preferences or functional needs with ease.

In the world of solvent-borne coatings, their exceptional chemical durability makes them particularly well-suited for environments exposed to harsh chemicals and solvents. These coatings are frequently utilized in scenarios where solvent-based alternatives might provoke adverse reactions. Furthermore, their low levels of volatile organic compounds and reduced emissions of harmful air pollutants imbue them with attributes such as flame resistance and non-toxicity.

Based on End-Use Industry:

• General Industrial
• Marine
• Automotive and Vehicle Refinish
• Electronics
• Aerospace
• Oil and Gas
• Mining
• Power Generation
• Others

The general industrial segment held the largest market share in the Global Industrial Coatings Market as the sector uses specialized formulations designed to protect surfaces and equipment in various industries. Moreover, a positive market forecast is being fueled by the growing implementation of corrosion-resistant coatings to shield against moisture and destructive chemicals while prolonging the lifespan of equipment and structures. Furthermore, heightened recognition within corporations regarding eco-friendly coating advantages such as reduced VOC emissions for enhanced environmental sustainability, compliance with regulatory mandates, and corporate responsibility initiatives are driving adoption rates for general industrial purposes. Such coatings exhibit resistance to corrosive materials like acids, alkalis, and solvents.

Moreover, the wood industry has seen a noteworthy expansion in the industrial coating sector, where these coatings are employed to improve and protect wooden or wood-based structures. By increasing product longevity and enhancing visual appeal, this type of coating is making significant contributions towards market growth within the wood industry.

Global Industrial Coatings Market (2025-30): Regional Projections

Geographically, the Global Industrial Coatings Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The market for industrial coatings is predominantly controlled by the Asia-Pacific region in both value and volume aspects. Moreover, during the period of forecast, this region is anticipated to undergo the most substantial growth rate. The rise in the financial ability of consumers has stimulated a notable upsurge in the request for high-end automobiles within this geographical area. Moreover, substantial investments in the industrial coatings market in the region have been driven by the automotive industry's focus on enhancing quality service provisions. This emphasis has led to a notable uptick in customers' or clients’ requests for powder and waterborne coatings, reflecting a tailored approach to meet evolving market demands.

Moreover, substantial investments in a variety of industries, including furniture, building & construction, consumer goods & appliances, automotive, and maritime, are significantly responsible for Asia-Pacific's impressive growth. Additionally, a number of manufacturers have moved to the area in order to take advantage of cost-effective manufacturing techniques and expressly serve the growing local market. As a result, during the predicted period, the region would have the fastest growth rate.

Global Industrial Coatings Industry- Recent Development:

• 2023: Kansai Paint Co. Ltd. announced the acquisition of the global Railway Coatings business assets from Beckers Group´s company for the expansion of its industrial coatings business.
• 2023: PPG Industries, Inc. unveiled a USD 44 billion investment proposal aimed at improving and modernizing five of its powder coating manufacturing plants situated in the United States and Latin America. The initiative is part of PPG's strategic plan to expand its diverse variety of powder coatings while boosting production capabilities globally, driven by customers' heightened need for eco-friendly merchandise.

Gain a Competitive Edge with Our Global Industrial Coatings Market Report

1. Global Industrial Coatings Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Industrial Coatings Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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