Germany Industrial Coatings Market Share, Growth | 2031
Germany Industrial Coatings Market Share, Growth | 2031
Segments - Germany Industrial Coatings Market by Resin Types (Polyester, Polyurethane, Epoxy, Vinyl Ester, and Others), Technology (Solvent-borne, Water-borne, Powder Coatings, and Radiation-cured Coatings), and Types (General Industrial and Protective [Oil & Gas, Power, Mining, Infrastructure, and Others]) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-3614
| 4.6 Rating
| 58 Reviews
| 227 Pages
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Report Description
The Germany industrial coatings market size was valued at USD 1 Billion in 2022 and is likely to reach USD 1.33 Billion by 2031, expanding at a CAGR of 3.22% during 2023 – 2031. The growth of the market is attributed to the increasing private investment contribution in the country.
Industrial coatings are intended to satisfy the most elevated modern guidelines in compound and corrosion obstruction. It is produced using polymer substances, which provide high-quality coatings. They offer corrosion security in latches and steel pipes, which hold gases, oil, water, wastewater, petrochemicals, and food handling equipment that require non-stick coating. It is additionally utilized in agricultural, car, and construction equipment.
Industrial coatings are films useful to steel, concrete, and different materials to expand explicit properties such as wear resistance, corrosion resistance, and conductivity. Industrial coatings are fabricated with regular polymers such as polyurethane, alkyd, fluoropolymer, epoxy, acrylic, and polyesters.
The outbreak of COVID19 pandemic has impacted both general industrial sector and automotive sector by creating many challenges for the industrial coatings market. Significant economies of every region are impacted due to pandemic and halted activities across the industries that utilize industrial coatings.
Germany Industrial Coatings Market Trends, Drivers, Restraints, and Opportunities
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Increasing requirement for effective process and long-lasting coatings with better aesthetics is anticipated to drive the market growth.
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Remarkable advancements in the shipbuilding industry is expected to spur the growth of the market.
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Rising demand for protective coatings and growing usage of corrosion coatings are likely to propel the growth of market in the projected timeline.
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Difficulty in obtaining thin films in powder coatings can hinder the market growth.
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Stringent government regulatory guidelines have persuaded manufacturers to improve their processes to comply with new policies, which can create challenges for the market expansion.
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Increasing use of nano-coatings is expected to create lucrative opportunities for the market during the forecast period.
Scope of Germany Industrial Coatings Market Report
The report on Germany industrial coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Germany Industrial Coatings Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Resin Types (Polyester, Polyurethane, Epoxy, Vinyl Ester, and Others), Technology (Solvent-borne, Water-borne, Powder Coatings, and Radiation-cured Coatings), and Types (General Industrial and Protective [Oil & Gas, Power, Mining, Infrastructure, and Others]) |
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Country |
Germany |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
PPG Industries, Inc.; The Sherwin-Williams Company; AkzoNobel N.V.; Jotun; and Axalta Coating Systems |
Germany Industrial Coatings Market Segment Insights
Polyurethane segment is anticipated to constitute a key market share
On the basis of resin types, the market is categorized as polyester, polyurethane, epoxy, vinyl ester, and others. The polyurethane segment is expected to constitute a key share of the market during the projected period due to increasing infrastructural activities in the country. Polyurethane coatings are generally applied over preliminaries and halfway covers to provide a glistening polished finish, while keeping up with resistivity against climate conditions in regions that are inclined to high wear and resistivity toward a wide scope of solvents.
Powder coatings segment to hold a major market share
Based on technology, the Germany industrial coatings market is divided into solvent-borne, water-borne, powder coatings, and radiation-cured coatings. The powder coatings segment is expected to constitute a key share of the market during the projected period due to its extremely effective method with over 98% powder overspray recoverability, developed resistance to chipping, grazing, waning, and wearing. Powder coating is a dry completing method wherein the finely ground particles of color and resin are electrostatically charged and splashed onto electrically grounded parts. The powder-based modern coatings offer low VOC outflow, providing prevalent execution and cost proficiency for applications that require the most extreme scraped area opposition and hardness.
Oil & gas segment is anticipated to exhibit a high CAGR
In terms of types, the market is bifurcated into general industrial and protective. The protective segment is further classified as oil & gas, power, mining, infrastructure, and others. The oil & gas segment is projected to expand at a considerable CAGR during the forecast period due to involvement of operations, such as wellhead, drilling, and sub-sea equipment, which require coatings specifically for abrasion & heat resistance, and long-lasting life.
Segments
The Germany industrial coatings market is segmented on the basis of:
Resin Types
- Polyester
- Polyurethane
- Epoxy
- Vinyl Ester
- Others
Technology
- Solvent-borne
- Water-borne
- Powder Coatings
- Radiation-cured Coatings
Types
- General Industrial
- Protective
- Oil & Gas
- Power
- Mining
- Infrastructure
- Others
Country
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Germany
Key Players
- PPG Industries, Inc.
- The Sherwin-Williams Company
- AkzoNobel N.V.
- Jotun
- Axalta Coating Systems.
Competitive Landscape
The key players competing in the Germany industrial coatings market are PPG Industries, Inc.; The Sherwin-Williams Company; AkzoNobel N.V.; Jotun; and Axalta Coating Systems.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Coatings Market - Supply Chain
4.5. Global Industrial Coatings Market Forecast
4.5.1. Industrial Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Coatings Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Industrial Coatings Market Absolute $ Opportunity
5. Global Industrial Coatings Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Industrial Coatings Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Industrial Coatings Demand Share Forecast, 2019-2026
6. North America Industrial Coatings Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Industrial Coatings Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Industrial Coatings Demand Share Forecast, 2019-2026
7. Latin America Industrial Coatings Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Industrial Coatings Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Industrial Coatings Demand Share Forecast, 2019-2026
8. Europe Industrial Coatings Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Industrial Coatings Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Industrial Coatings Demand Share Forecast, 2019-2026
9. Asia Pacific Industrial Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Industrial Coatings Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Industrial Coatings Demand Share Forecast, 2019-2026
10. Middle East & Africa Industrial Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Industrial Coatings Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Industrial Coatings Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Industrial Coatings Market: Market Share Analysis
11.2. Industrial Coatings Distributors and Customers
11.3. Industrial Coatings Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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