MarketStudyReport.com offers 2018 report on global Industrial Liquid Coatings market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2025.
Selbyville, DE -- (SBWIRE) -- 11/09/2018 -- Historical data from 2014 is provided for Industrial Liquid Coatings market along with estimates and forecasts to 2025 based on segmentation of Industrial Liquid Coatings industry by Resin, by Application, By Product companies and regions. Previous years' data offers fact based information on trends and growth graph while the forecasts aim to show an outlook of Industrial Liquid Coatings market for the next few years keeping in mind the advancements happening in the sector.
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The market is highly fragmented with the presence of small, medium and large players across the globe. Some of the major industrial liquid coatings market players include Akzo Nobel N.V, Hempel A/S, RPM International Inc, Axalta Coating Systems, Baril Coatings, PPG Industries Inc, Cardinal Paints & Powder, The Sherwin-Williams Company, Kansai Paint Co. Ltd, Nippon Paint Holdings Co., Ltd, Advance Paints Pvt. Ltd, Dev Industrial Coatings.
North America market will experience a CAGR of over 6.5% from 2018 to 2025 due to the presence of extensive general industrial sector in the region. Also, the region has the largest network of oil & gas transmission pipelines combining both U.S. and Canada. Upliftment of ban on U.S. for crude oil export results in expansion of pipeline network in region, driving the growth of product market positively in coming years.
Based on product e- coats (electrocoats) will show a decent growth rate of over 5% over the forecast period. The product provides superior corrosion protection and reliable mechanical strength to substrates such as aluminium, galvanized steel, magnesium, cold rolled and hot rolled steel. These are extensively used in construction, agricultural & earthmoving equipments, manufacturing industries, etc.
On the basis of application oil & gas pipelines will observe an annual growth rate of 6% over the forecast timespan. The product provides exceptional corrosion protection to external and internal pipes for gas risers, hydrants and oil & gas pipelines. The product also provides mechanical, chemical resistance along with gloss and color retention to the machines used in agricultural & heavy equipment segment.
Growth in general industrial sector across Asia Pacific will augment the demand for industrial liquid coatings in near future. The product is used in coating different equipment and components in end-user industries including food & beverage, electronics, petrochemical & refineries, pharmaceutical and general manufacturing. Legislative amendments done by emerging economies to boost manufacturing sector along with easy availability of skilled labor at low cost are the prime reasons that Asia Pacific is now a manufacturing hub and contributes about 40% of world?s output. Rising demand for commodities and ease of raw material availability made the region a preferred choice of various global players driving the product market demand in positive manner over the forecast time spell.
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Growth in oil & gas industry around the world is a major factor prompting the growth of industrial liquid coatings market positively in coming years. The product is extensively used on oil & gas pipelines and equipment involved in exploration and drilling activities. It provides them resistance from corrosion, harmful oils, gases, acids, extreme weather conditions, etc. Rising crude oil prices along with advent of cost effective drilling & exploration techniques has given boost to the upstream and midstream sectors across the globe. New administrations of developed economies such as the U.S. are focusing on expanding their oil & gas industry to become energy self-sufficient. It is also expected that the North America region will add highest pipeline length of around 60 thousand kilometers by 2021. This will subsequently propel product market demand over the forecast timespan.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Industrial Liquid Coatings Industry Insights
Chapter 4. Industrial Liquid Coatings Market, By Resin
Chapter 5. Industrial Liquid Coatings Market, Product By Application
Chapter 6. Industrial Liquid Coatings Market, By Application
Chapter 7. Industrial Liquid Coatings Market, By Region
Chapter 8. Company Profiles
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