General Industrial Coatings Market

The report "General Industrial Coatings Market, By Technology (Waterborne, Solventborne, Powder), Applications (Electrical Components, Manufacturing Machinery, Consumer Goods & Appliances, Automotive Accessories, Heavy-Duty Equipment, Finishing Lines), and Region - Global Forecast to 2030", The general industrial coatings exhibit moderate growth potential and is projected to reach a market size of USD 44.1 billion by 2030 from USD 37.6 billion in 2024, at a CAGR of 2.9%. One of the largest markets for general industrial coatings worldwide is the Asia Pacific. The demand for general industrial coatings is increasing in the heavy-duty equipment. The demand from developing nations, such as China, India, Brazil, are expected to drive the global general industrial coatings market.

Browse 400 market data tables with 75 figures spread through 401 pages and an in-depth TOC on the report, "General Industrial Coatings Market, By Technology (Waterborne, Solventborne, Powder), Applications (Electrical Components, Manufacturing Machinery, Consumer Goods & Appliances, Automotive Accessories, Heavy-Duty Equipment, Finishing Lines), and Region – Global Forecast to 2030".
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Solventborne, by technology segment is expected to hold largest share of the general industrial coatings market during the forecasted period.

In terms of volume for general industrial coatings market overall, solventborne segment by technology to hold the largest share in 2023. Solventborne formulations are popular, as they are used in diverse coating applications due to their high performance. These coatings are used mainly in automotive, general industrial, and protective coatings. New high-solid formulations (50–70% solids) successfully meet regulations concerning VOC emissions.

Heavy duty equipment, by application segment hold the largest segment in overall general industrial coatings market during forecast period.

Industrial coatings are vital for heavy-duty equipment used in construction, mining, agriculture, and other demanding industries. These coatings provide protection against corrosion, abrasion, chemicals, UV radiation, and extreme temperatures, enhancing the durability, longevity, and performance of heavy-duty equipment. Surface preparation is crucial to ensure proper adhesion and performance of industrial coatings. It typically involves cleaning the surface to remove contaminants such as dirt, grease, oil, and rust. Methods include abrasive blasting, chemical cleaning, power washing, or mechanical abrasion. In mining operations, heavy-duty equipment faces extreme conditions such as abrasive materials, corrosive substances, high-impact forces, and harsh environmental factors. Industrial coatings are essential for protecting mining equipment from wear, corrosion, and damage, thereby extending their service life and maximizing productivity.

Asia Pacific region likely to account the largest share of the global general industrial coatings market during forecasted period.

The Asia Pacific region emerges as a significant growth driver for the global general industrial coatings market, fuelled by rapid industrialization, urbanization, and infrastructure development. Countries such as China, India, Japan, and South Korea witness substantial demand for coatings across diverse end-use sectors. Additionally, increasing disposable incomes and infrastructure investments further propel market growth in the region. The Asia Pacific region includes a diverse range of economies with different levels of economic development and multiple industries. Economic development is mainly attributed to the high growth rate and significant investments across the automotive, consumer goods & appliances, building & construction, and furniture industries. It is one of the fastest-growing regions based on the production and demand for coatings.

PPG (US), BASF SE (Germany), Sherwin William (US), Asian Paints (India), Akzo Nobel N.V. (Netherlands), are the key players in the global general industrial coatings market.

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