Sellbyville, DE -- (SBWIRE) -- 02/02/2019 -- Industrial Liquid Coatings Market size was estimated over USD 45 billion in 2017 and will surpass USD 70 billion by 2025. The Industrial Liquid Coatings Marketindustry will grow by a CAGR of more than 6% up to 2025. Industrial Liquid Coatings Market size ; according to a new research report by Global Market Insights, Inc.

The robust growth of the global automotive sector is certain to emerge as one of the driving forces of industrial liquid coatings market in the years to come. Industrial liquid coatings, equipped with resistance to corrosion, acids, UV rays, oils and other type of impurities that can deteriorate metals and hinder the performance of equipment, are deployed in automobiles, transportation equipment, electronics appliances, wood and non-wood furniture, metal building products, and metal containers. Indeed, OEMs have emerged one of the most remunerative application arenas for these coatings.

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Growth in the global oil & gas sector coupled with supportive government policies of emerging economies to boost manufacturing sector are the prime factor for the growth of industrial liquid coatings market in near future. The coatings are used to provide resistance to corrosion, UV rays, acids, oils and other type of contaminations that can deteriorate metal and hinder the performance of equipments. The product is mainly applied on various industrial metal equipments, components and pipelines.

Growth drivers

1. Significant growth in the U.S. oil & gas sector

2. Industrial sector growth in Asian Countries

Industrial Liquid Coatings Market By Resin

- Polyester
- Epoxy
- Polyurethane
- Acrylic
- Others

Industrial Liquid Coatings Market Product By Application

- Liquid top coats

- Liquid primers

- Metal conditioners

- E-coats

- Others

Industrial Liquid Coatings Market By Application

- Agriculture & Heavy Equipment
- Oil & Gas pipelines
- Metal Structures
- Water & Wastewater pipelines
- General Industrial
- Others

Stringent environmental regulation related to the VOC emission from liquid coatings will negatively impact on the growth of global industrial liquid coatings market. Solvents used in coating formulations are hazardous as many are human carcinogens and are flammable or explosive. Environmental concerns associated with conventional ingredients, coating application technologies, and coating wastes are the driving forces for developing pollution prevention alternatives.

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Industrial liquid coatings market is segregated into resin, product, application and region. The resin segment includes epoxy, acrylic, polyester, polyurethane and others. In terms of volume, acrylic based coatings segment will clutch over 15% of the entire market share in 2025. Properties such as excellent chemical resistance, color & gloss retention, outstanding early moisture resistance, flash rust/early rust resistance, etc. makes it suitable for use over steel, aluminum, and zinc rich primers. These coatings have wide end-use application on equipment, machineries, power plants, piping and steel structures as well.

The product segment further segmented into liquid top coats, liquid primers, metal conditioners, e-coats and other. In terms of revenue, e-coats will account for more than 10% of the overall segment share by 2025. E-coats or electrocoats are high-performance products that are formulated to provide reliable mechanical strength and superior corrosion protection. The product is mostly used on hot rolled steel, galvanized steel, aluminum, magnesium etc. in agriculture, construction & earthmoving equipments, as well as automotive & electrical appliances manufacturing industries.

General industrial segment is likely to clutch the highest share of over 60% by 2025 with a wide range of industries covered under this segment. It includes industries such as home appliance manufacturing, food & beverage, textiles, steel, pharmaceutical, containers and packaging, etc. Growing demand for various household products due to rise in spending capacity of the global population will result in growth of general industrial sector.

Based on volume, Asia Pacific industrial liquid coatings market will witness the growth rate around 7%. Significant rise in manufacturing industries in Asian Countries such as China, South Korea and India will subsequently augment the entire industry demand in future.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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