DUBLIN--(BUSINESS WIRE)-- The "Global Industrial Coatings Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The global industrial coatings market to grow at a CAGR of 5.50% during the period 2019-2023.

Global Industrial Coatings Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

One trend in the market is growing automotive industry in APAC. In the past few years, the automotive industry in APAC has registered remarkable growth and is expected to continue growing during the forecast period. Many large automobile manufacturers are based out of the region; China. Japan. and South Korea lead the automotive production in APAC.

According to the report, one driver in the market is surging demand for water-borne coatings. The water-borne coatings are extensively used in automobiles, buildings and construction, marine, oil and gas, metallurgy and metal forming, aerospace, mining, and healthcare. Waterborne coatings are less toxic and flammable due to low VOC levels and hazardous air pollutants emissions.

Further, the report states that one challenge in the market is volatile raw material prices. Petrochemical feedstock required for manufacturing most coatings include binders and solvents such as polyesters alcohols and epoxy resins Crude oil and natural gas are the basic raw materials used for producing binders. Fluctuations in crude oil prices will have a direct impact on the cost of feedstock.

Key Market Trends

• Emergence of self-cleaning and self-healing coatings
• Extension plans by vendors to enhance capacity
• Increasing focus on UV-curable coatings and nanocoatings

Key vendors

• Akzo Nobel
• Axalta Coating Systems
• Covestro
• KANSAI PAINT
• Nippon Paint Holdings
• PPG Industries
• The Sherwin-Williams Company

Key Topics Covered:

01: Executive Summary

02: Scope Of The Report

03: Market Landscape

04: Market Sizing

05: Five Forces Analysis

06: Market Segmentation By Technology

07: Customer Landscape

08: Market Segmentation By Application

09: Geographic Landscape

10: Decision Framework

11: Drivers And Challenges

12: Market Trends

13: Vendor Landscape

14: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/kdmwh6/global_industrial?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181102005504/en/

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