Industrial Coatings Market to cross USD 130 billion by 2032, Says Global Market Insights inc.
Industrial coatings industry size is expected to register 2.4% CAGR between 2023 and 2032 propelled by the expansion of the automotive industry.
Selbyville, Delaware , Sept. 26, 2023 (GLOBE NEWSWIRE) — Industrial Coatings Market will be worth over USD 130 billion by 2032, as per a
R&D investments by manufacturers to boost APAC market growth
The Asia Pacific region is emerging as a lucrative growth avenue for the global industrial coatings market players. Rapid industrialization and infrastructure development in countries such as China, India, and Southeast Asian nations are driving the demand for high-quality coatings. The region’s burgeoning automotive and manufacturing sectors are also major product users. Additionally, increasing investments in R&D activities for innovative coatings by the manufacturers in the region to meet the evolving customer needs will positively share the Asia Pacific market outlook over 2023-2032.
Speaking of which, the prominent players in the industrial coatings market are BASF Se, PPG Industries, Axalta Coating System, Nippon Paint Holdings, Jotun, RPM International Inc, Asian Paints Limited, Valspar Corporation, Kansai Paint Co Ltd, Sherwin-Williams, Axel, Hempel, Azko Nobel, MOROO Holding, and Beckers Group among others.
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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