Industrial Liquid Coatings Market Analysis

Industrial Liquid Coatings Market Analysis

In terms of revenue, epoxy resin occupied more than 30% of the entire industrial liquid coatings market in 2017 and will show a positive growth in forecast period. The product is widely used for their quick drying, protective nature, toughness and other mechanical properties. Epoxy based coatings are comparatively easier to apply than traditional heat cured powder coatings, and this makes it ideal for a various applications.
 

Polyester based coatings market was more than USD 8 billion in 2017 and will rise healthily in coming years. The product is used for sheet fed metal decorating, coil coating and various general industrial applications due to its superior performance, fast drying, corrosion resistance, cost-effectiveness and other chemical resistance characteristics.
 

Based on volume, liquid top coats are the most widely used industrial liquid coatings and holds almost half of the global market share. Superior cure time, excellent chemical resistance, water insensitivity and UV resistance over a wide range of temperature are the properties which makes it widely acceptable in the end use applications.
 

On the basis of revenue, liquid primers held more than 20% of the global industrial liquid coatings market share in 2017 and will show the sluggish growth by 2025. Liquid primers offer excellent anti-corrosive protection, high adhesion, resistance properties to wastewater treatment pipelines and metal structures.
 

In terms of revenue, agriculture & heavy equipment application segment was valued close to USD 2 billion in 2017 and is likely to rise with significant CAGR by 2025. Industrial liquid coatings provide superior ultraviolet rays, corrosion, chemical and mechanical resistance characteristics to the machines used in this sector.
 

General industrial application segment accounted for over 60% of the global volume in 2017 and is expected to show a positive growth rate by 2025. Extensive product usage on the industrial machines and their components in order to prevent them from chemicals, moisture, oil and mechanical stress will positively influence the market growth.
 

North America holds more than 15% of the overall industrial liquid coatings market in 2017 and will also show a decent growth rate over the forecast timeframe. This is owing to the presence of a vast oil & gas industry along with a mature general industrial sector in the region. Combining U.S. and Canada, North America becomes the largest energy pipeline network in the world. This in turn will boost the industrial liquid coatings demand as it is employed in the interior and exterior of the pipelines to protect them from various contaminations, corrosion and to make it compatible to bear the extreme weather conditions.
 

In terms of revenue, Europe industrial liquid coatings market was valued over USD 10 billion in 2017 and is forecast to grow with a significant CAGR from 2018 to 2025. The general industries such as paper & pulp, equipment manufacturing, automobile, electrical & electronics, steel manufacturing, etc. are widely present across the region and extensive product usage in these industries to protect various components, equipments and machineries from adverse operating & climatic conditions.