The global industrial coatings market is set to impetus from the increasing focus of manufacturers towards developing greener processes. These processes would help in creating fewer emissions and wastes, as well as use lesser energy. This information is given by Fortune Business Insights™  

This Report Answers the Following Questions:

• How will the organizations surge sales of industrial coatings amid COVID-19?

• What are the market drivers, hindrances, challenges, and opportunities?

• What are the historical, estimated, and current sizes of the global market?

Regional Analysis-

Geographically, Asia Pacific procured USD 36.5 billion in terms of revenue in 2019. The region is set to retain its dominant position in the market throughout the forthcoming years. This growth is attributable to increasing consumer spending and rising automotive production. Additionally, the rising government subsidies, interest rates, general industrial production, and construction activities in this region would spur demand.

Europe, on the other hand, is expected to show significant growth stoked by the ongoing developments in the oil & gas sector. At the same time, the rising usage of powder coatings owing to the rapid technological advancements in this sector would drive growth.

A list of all the manufacturers operating in the global market:

• Akzo Nobel N.V. (Netherlands)

• Axalta Coating Systems, LLC (U.S.)

• Industrial Coatings Ltd. (Finland)

• PPG Industries, Inc. (U.S.)

• The Sherwin-Williams Company (U.S.)

• Nippon Paint Holdings Co., Ltd. (Japan)

• Kansai Paint Co., Ltd. (Japan)

• RPM International Inc. (U.S.)

• BASF SE (Germany)

• PPG Asian Paints Pvt Ltd (India)

• Hempel A/S (Denmark)

• The Chemours Company FC, LLC. (U.S.)

• Jotun A/S (Norway)

• Other Key Players

Browse Link: https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741