Industrial Coating Market Size, Industry Report, 2020-2026
Global Industrial Coating Market size is estimated at USD 85.61 billion in 2019 and is expected to reach USD 104.22 Billion by 2026 at a CAGR of 3.12%, over the projection period 2020-2026. Industrial Coatings Market is primarily driven by the massive rising refinish industry in the emerging economies on the backdrop of rapid industrialization and increased spending on infrastructure. Industrial coatings enhance chemical resistance, water resistance, durability, impact resistance, abrasion resistance, and UV light resistance in the various structures of concrete, steel, board, wall, roofs, and other industrial materials. Therefore, they are extensively used in the automotive and oil and gas industries besides other sectors, further driving the growth of the market. Rising Demand for Powder Coating The powder-based industrial coating technology is a highly efficient process with the over 98% recoverability of powder over spray and, higher chipping, scratching, fading, and ...