According to the report, the " industrial coatings market " was valued at $61.2 billion in 2023, and is estimated to reach $89.8 billion by 2033, growing at a CAGR of 4.1% from 2024 to 2033.  

Prime determinants of industrial coatings market growth  

The global industrial coatings market is experiencing growth due to several factors such as expansion of construction and infrastructure projects, and application efficiency. However, raw material availability and price volatility hinder market growth to some extent . Moreover, the increase in demand for eco-friendly waterborne coatings presents additional opportunities for industrial coatings. The shift towards eco-friendly solutions is driven by regulatory pressure and demand consumer for sustainable products. Governments worldwide are implementing strict environmental regulations, pushing manufacturers to adopt low-VOC and non-toxic coating solutions. and application of waterborne coatings that meet these regulatory standards while providing high performance. All these factors are anticipated to offer new growth opportunities for the global industrial coatings market during the forecast period.  

Access Full Summary Report: https://www.alliedmarketresearch.com/industrial-coatings-market-A09666 

Allied Market Research published a report, titled, "Industrial Coatings Market by Type (Acrylic, Alkyd, Polyester, Polyurethane, Epoxy, Fluoropolymer, Thermoset, Thermoplastic, Others), Solvent Type (Water Based Coating, Solvent Based Coating, Powder), Additive Type (Dispersing Agent, Defoamer, Wetting Agent, Stabilizers, Flash Rust Inhibitors, Rheology, Emulsifiers, Others), and End-use (Automotive, Coil, Structural Steel, ACE (Agricultural, Construction, Earthmoving) Equipment), Industrial Wood, Transportation, Containers Coatings, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033  

Leading Market Players:  

• Akzo Nobel NV  

• Axalta Coating Systems, LLC  

• BASF SE  

• Beckers Group  

• Hempel A/S