The industrial coatings market is projected to grow from USD 102.0 Billion in 2021 to USD 116.0 Billion in 2026, at a CAGR of 2.5 percent. China accounts for nearly 60 percent of the total APAC coatings volume and is certainly the biggest manufacturer and consumer of coatings, driving the market’s expansion exponentially. In addition, the largest revenue segment is architectural coatings production in APAC, accounting for 43 percent of the region’s overall volume.
The environment-friendly composition of industrial coatings has been one of their most important and desired characteristics. The Asia Pacific dominated the global protective coatings market due to a large number of end-use industries as well as the high growth in the region in 2020. The Middle East & Africa is also emerging as a strategic location for protective coating manufacturers after Asia Pacific. Increased investments in the construction, marine, and energy industries in China and India have led to changing industry trends, which is expected to boost the protective coatings market. China is the largest consumer of these coatings, which is mainly attributed to the growing energy demand and need for maintenance in the transportation industry.
The growth in the region is mainly attributed to the use of industrial coatings across different end-use cases such as general industrial, protective, automotive refinish, automotive OEM, industrial wood, marine, c oil, packaging, aerospace and rail.
Highlighting these new developments in the industrial coating industry, this edition of Manufacturing Technology Insights features a list of companies that are transforming the coating landscape. This edition also blends thought leadership articles from subject-matter experts such as Deco Australia, Trade Service Corporation, and Doogood Surface Coatings with real-life stories, including exclusive insights from Elizabeth Hoegeman, Executive Director of Global Manufacturing at Cummins, and Dr. Daniel Calimente, Sr. Technical Manager Performance Silicones at Wacker. We hope this edition will provide you with the right assistance in choosing the best-in-class solution for your coating requirements.
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