Industrial Maintenance Coatings Market Size, Share, Growth Report 2032

The global industrial maintenance coatings market size was valued USD 2306.89 million in 2022 and is expected to rise to USD 3263.09 million by 2030 at a CAGR of 4.43%. This research report, consist of  the market dynamics of industrial maintenance coatings, analyzing its size, share, growth drivers, trends, and forecast up to 2030

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Global Industrial Maintenance Coatings Market: Overview

To protect a wide range of critical infrastructure including water tanks & bridges to large structures from the process tanks in the oil & gas industry, industrial maintenance coatings are extensively used. Mostly, such structures are exposed to harsh environmental conditions such as extreme cold, high heat, and/or corrosive chemicals. Thus, in such cases, industrial maintenance coatings play a vital role to retain sustainability and enhance the performance of these structures.

Global Industrial Maintenance Coatings Market: Growth Factors

The global industrial maintenance coatings market is growing at a speedy rate. Rising necessity for effective & better coatings, growing demand for environment-friendly coatings, and increase in the use of industrial maintenance coatings to control the corrosion of steel are some of the important factors that are fueling the growth of the global market. Industrial coatings have become a crucial component of industrial productivity. Food and pharmaceutical manufacturing industries are particularly susceptible to the effects of moisture and temperature as they can significantly speed up the spoilage of the products.

Additionally, nowadays every modern facility is made up of different types of steel. Thus to enhance the durability of the steel, right from ceiling panels to floorings and wall partitioning to storage compartments, industrial maintenance coatings are used. All such factors coupled with the growing demand for industrial maintenance coatings to protect heavy-duty industrial facilities, public utilities, chemical plants, and railroad & highway structures from deterioration by harsh environmental conditions are fostering the growth of the global industrial maintenance coatings market. Moreover, the growing use of acrylic resin-based industrial maintenance coating in the automotive industry is also one of the factors that is fueling the growth of the global market. Furthermore, the growing use of Nano-coatings and expanding use of powder coating in the pipeline & shipbuilding sector may open numerous opportunities for the growth of the global industrial maintenance coatings market during the forecast period. However, the high drying duration required for water-based coatings may restrain the growth of the global industrial maintenance coatings market.

 The global industrial maintenance coatings market is severely hit by the Covid-19 pandemic. During the first half of the year 2020, the emergence of Covid-19 led to complete lockdown and restrictions on movement in numerous countries across the world. As a result, the functioning of manufacturing units of several industries, construction/renovation of highways & railroads, and chemical industries were temporarily halted. Additionally, the key players of the global market were facing challenges during the pandemic owing to disruption in supply chain and constraints on personnel movement. All these factors hampered the growth of the global market.

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Global Industrial Maintenance Coatings Market: Segmentation

The global industrial maintenance coatings market is bifurcated based on technology, resin type, end-use industry, and region. Based on the technology, the global industrial maintenance coatings market is divided into solvent-based, 100% solids, powder, water-based, and others. The resin type segment is split into polyurethane, alkyd, acrylic, epoxy, and others. The end-use industry segment comprises energy & power, chemical, construction, metal processing, transportation, and others.

Industrial Maintenance Coatings Market: Report Scope

Global Industrial Maintenance Coatings Market: Regional Analysis

Regionally, Asia Pacific is estimated to dominate the global industrial maintenance coatings market during the forecast period. The presence of a large manufacturing center is the prime factor to fuel the growth of the market in this region. In addition to this, rise in industrialization owing to 100 percent foreign direct investment policy in India, easy availability of raw materials, and low labor cost are also among the factors that are boosting the overall market growth in the Asia Pacific region. North America and Europe are also anticipated to grow at a healthy growth rate during the forecast period owing to the growing use of acrylic and epoxy resin type for industrial maintenance coatings.

Global Industrial Maintenance Coatings Market: Competitive Players

• Kansai Paint Co.Ltd.
• Axalta Coating Systems LLC
• The Sherwin-Williams Company
• Akzo Nobel N.V.
• PPG Industries Inc.
• General Magnaplate Corporation
• Continental Coatings Inc.
• Chemco International Ltd.
• Belzona International Ltd.
• Aremco Products Inc.

Global Industrial Maintenance Coatings Market: Segment Analysis

By Technology

• Solvent-Based
• 100% Solids
• Powder
• Water-Based
• Others

By Resin Type

• Polyurethane
• Alkyd
• Acrylic
• Epoxy
• Others

By End User

• Energy & Power
• Chemical
• Construction
• Metal Processing
• Transportation
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.