Industrial Liquid Coating Market Size, Share & Industry Analysis, By Type (Polyester, Epoxy, Polyurethane, Acrylic), By Application (Agriculture & Heavy Equipment, Oil & Gas Pipelines, Metal Structures, Automotive, General Industry, Others) and Regional Forecast, 2024-2032

Industrial liquid coatings are organic matter consisting of resins with solvent and water-based combinations to maintain adequate weight control along with sufficient adhesion, wetting,  and healing properties. Liquid coatings create a unique protective layer of surfaces on a regular basis against UV / solar damage, impact damage, oxidation, wear and tear.  It has  an impeccable record of reducing degradation of manufacturing processes and prolonging resource life in production processes. Coating processes are designed to move a liquid onto a network. To monitor thickness and uniformity, the simplest types of coating process depend on the viscosity of the material. Atmospheric pressure coatings are solvents coated to minimize viscosity and thus assist in leveling.

The emergence of a strong mechanism for restoring, updating tools and equipment, and installment activities across industry has significantly impacted  the growth of the  market for industrial liquid coatings. The government regulations is projected to be crucial in ensuring a healthy and efficient environment. In addition, growth in manufacturing industries leads to increased global market for industrial liquid coatings driving business growth. However, an unfavorable impact on environmental and human health due to the emission of volatile organic compounds from industrial liquid coatings is the major limiting factor that has negatively affected the product demand. Prolonged exposure to coating fumes can cause headaches, asthma attacks,  skin irritation and allergies. 

Key Market Driver -

Strong growth of manufacturing industries and technological advancements drives the market.

Key Market Restraint -

Harmful effects and environmental concerns restrict the market growth

Market Segmentation:

Based on type, the market for industrial liquid coating is further segmented into polyester, epoxy, polyurethane, and acrylic. Based on application, the market for industrial liquid coating is further segmented into agriculture & heavy equipment, oil & gas pipelines, metal structures,  automotive, general industry and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global industrial liquid coating market is consolidated, with few number of global & regional players operating. Some of the key players in the industrial liquid coating market includes Akzo Nobel N.V., Dev Industrial Coatings, RPM International Inc., Hempel A/S, Axalta Coating Systems, PPG Industries, Inc., Baril Coatings, Cardinal, Kansai Paint Co.,Ltd, The Sherwin-Williams Company,  Nippon Paint Holdings Co. Ltd., Advance Paints Pvt. Ltd., and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Industrial Liquid Coating Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

In terms of Geography, the industrial liquid coating market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the Norh America dominates the industrial liquid coating market.  Strong growth in the oil & gas industry will fuel the demand for industrial liquid coatings market in the U.S.. Industrial coatings are ideally  used in oil & gas pipeline networks along with applications in various equipment used in oil and gas production. The surge in manufacturing operations, increased investments and government support considerably elevate the liquid industrial coatings demand. Rapid economic growth in the countries in  Asia Pacific  will stimulate market growth in industrial liquid coating  driven by substantial consumption of the product by the  different end use industries. The expansion in market growth  is primely attributed to the extension of the region’s industrial activities. Europe's industrial liquid coating industry has a significant market share. Rising demand from the automotive industry play a crucial role in driving the industrial coatings. Because of the governments impact of tight regulations, Middle East and Africa are projected to show increasing growth as it is fastest growing region. Latin America is seeing fairly slow growth as a result of the small number of producers due environmental concerns slowing down the demand growth.

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Segmentation

Industrial Liquid Coating Industry Developments

• In December 2016, Akzo Nobel announced that it has signed an agreement to acquire the industrial coating business of BASF SE with a focus on strengthening its position worldwide as this transaction will position AkzoNobel as a service provider for chemical solutions ensure adequate protection to wind power plants around the world. The company offers a variety of products for sectors such as construction, wind energy, household appliances and commercial transportation, and the acquisition will help to improve its position as the top ranked supplier of coatings.