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    Home > Coatings News > Paints and Coatings Market > Industry | The global industrial coatings market will reach US$115.4 billion in 2024

    Industry | The global industrial coatings market will reach US$115.4 billion in 2024

    • Last Update: 2021-04-30
    • Source: Internet
    • Author: User
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    According to a study, the market value of global industrial coatings in 2019 is about 89.
    5 billion U.
    S.
    dollars, and by 2024, the market value is about 115.
    4 billion U.
    S.
    dollars, with a compound annual growth rate of 5.
    2% during the period.
    Industrial coatings have excellent corrosion resistance, wear resistance, electrical conductivity, etc.
    , and are widely used on steel structures, concrete and other substrates, involving the automotive industry, aviation industry, shipbuilding industry, wood structure, packaging industry, coils, rail transit , General equipment manufacturing and other fields.
    The polymer resin required for its preparation is usually epoxy resin , polyurethane resin , acrylic resin , alkyd resin , polyester resin , fluoropolymer resin and the like.
    It is worth mentioning that the performance of industrial coatings has good crack resistance, flexibility, water resistance, weather resistance, stain resistance, mildew resistance, chemical resistance, etc.
    , so that it can be used on walls, floors, After the roof is painted, it has a good effect of resisting severe weather such as heavy rain and strong wind.
    In external wall applications, industrial coatings can replace traditional latex paints to improve appearance performance; in floor applications, industrial coatings have excellent mechanical vibration resistance, impact resistance, abrasion resistance, etc.
    The analysis pointed out that in terms of application performance requirements, industrial coatings pay more attention to how to shorten equipment downtime, reduce maintenance costs, and reduce maintenance time, so as to extend the maintenance cycle and service life of the substrate.
    From the resin point of view, polyurethane resin has high weather resistance, high toughness, easy cleaning, high gloss and other properties.
    Therefore, polyurethane industrial coatings have a wide range of applications, such as oil rigs, storage, factories, and bridges with high performance requirements.
    Etc.
    In addition, there are wood structures, aviation, construction engineering, papermaking, power plants, offshore engineering, oilfield facilities, storage tanks, Handrails, conveyor belts, chemical facilities, etc.
    The study pointed out that polyurethane industrial coatings are expected to occupy the largest market share of industrial coatings in the next few years.
    In addition, due to the low VOC emission of powder industrial coatings, outstanding coating performance (such as stone-strike resistance, scratch resistance, fading resistance, abrasion resistance, etc.
    ), and good application performance (such as high powder rate, overspray recovery rate, etc.
    ) High, short curing time, etc.
    ), powder technology is expected to develop fastest in the industrial coatings field.
    In the automotive field, OEM coatings have excellent mechanical properties, so that auto parts have good scratch resistance, weather resistance, and chemical resistance, and at the same time, the appearance of the car body has been continuously improved.
    The analysis pointed out that automotive OEM coatings will be the fastest growing industrial coating varieties in the next few years.
    From the perspective of regional markets, the Asia-Pacific region has the largest industrial coatings consumption and manufacturing scale.
    In this region, labor costs are relatively low, and raw materials are abundant.
    Moreover, stimulated by the continuous development of the aviation industry, transportation industry, shipbuilding industry, and automobile manufacturing industry in the region, the demand for industrial coatings is growing significantly.
    Global manufacturer of industrial coatings including: Norway, Jordan, Japan Nippon, United States Shandwick, Akzo Nobel, the United States PP G, Li Pamai United States, Denmark Haihong elderly, Nauru paint Korea, the United States was Yishi, Finland Tikkurila, Chemours of the United States, Wilberg Paint of Germany, Technos of Finland, Kansai of Japan, etc.
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