• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam

    Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories

    Teknos Publishes Sustainability Report

    The Shepherd Color Company Announces New President and Commercial Segment Leaders

    U.S. Green Building Council Announces USGBC Live Headline Speakers
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Showcases CORACAR SE 4000B Battery Fire Protection Coatings at Media Event at Europe HQ

    Teknos Publishes Sustainability Report

    BASF Expands Automotive Coatings Application Center in Mangalore, India

    BEHR Launches COPPER FORCE Interior Paint

    BASF Launches Ultradur B4335G3 HR HSP
    Additives
    Binders
    Pigments
    Solvents

    The Shepherd Color Company Announces New President and Commercial Segment Leaders

    Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022

    BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe

    Nouryon Issues 2021 Sustainability Report

    BASF to Increase Prices for Select Polyalcohols in North and South America
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    W. R. Grace & Co.

    Pilot Chemical Company

    Shepherd Color Company, The

    Clariant Additives

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    CPCA Annual Conference

    PAINTINDIA 2022 Exhibition

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    UTECH Middle East/Africa Foam & Polyurethane Expo

    Surfex
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    W. R. Grace & Co.

    Pilot Chemical Company

    Shepherd Color Company, The

    Clariant Additives

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Features

    The Industrial Coatings Market

    Growth in the industrial coatings market has been steady. China leads the way, but North American and Western Europe also present opportunities.

    The Industrial Coatings Market
    The Industrial Coatings Market
    Related CONTENT
    • Axalta Sells 60,000th Spectrophotometer
    • Hempel Launches Hempaguard MaX Coating System
    • Hempel Appoints New Group Director for R&D
    • The Marine Coatings Market
    • New Axalta Report Unveils Color Trends Shaping Automotive Industry
    Kerry Pianoforte, Editor05.31.19
    According to a recent report from Markets and Markets, the global industrial coatings market is expected to grow from $98.30 billion in 2017 to $130.97 billion by 2022, at a CAGR of 5.91 percent from 2017 to 2022. For the purposes of this report industrial coatings are defined as thin films applied on materials to add or enhance their specific properties such as corrosion resistance, wear resistance and conductivity.

    Industrial coatings are used in a wide variety of applications and encompass many end-use industries such as industrial wood, protective, general industrial, rail, coil coatings OEM and consumer goods & appliances.

    According to research from Markets and Markets, the industrial coatings market in APAC  (Asia Pacific) is expected to grow at the highest CAGR during the forecast period. APAC is rapidly expanding the market, owing to the growing economy and increasing middle-class population. The study authors noted that the increasing number of industrial activities due to growing urbanization, mainly in China and India, are expected to drive the market during the forecast period.  There is an increased demand from the automotive industry in APAC, which is mainly backed by the expansion of the region’s industrial activities. This increased demand, in turn, drives the industrial coatings market in APAC.

    APAC is the fastest-growing market with most of the large manufacturers establishing their facilities in this region. Presence of some of the fastest-growing economies, such as China, India and South Korea, and rising demand from the automotive industry play a crucial role in driving the industrial coatings market in the APAC region.

    The industrial coating market recorded growth for 2018, despite a challenging year.

    “Despite the rising costs of raw materials and the impact of increasingly volatile geopolitical influences on key commodity markets, most sectors where Hempel Industrial focuses on have shown revenue growth in the last year,” said Michael Bredfeldt, head of Industrial Group Product Management, Product and Portfolio, Hempel. “Hempel Industrial is involved in the heavy-duty equipment, heavy-duty truck, consumer products and general finishes areas and these are driven by a number of factors including overall Gross Domestic Product (GDP), residential and commercial construction, infrastructure projects, and energy costs. Hempel Industrial will continue to focus on these sectors as we continue to see growth and market share gain.”

    “The market for industrial coatings has been steady and growing in line with industrial production at a 3-3.5 percent rate over the past 12 months,” said Dave Heflin, VP, Global Industrial Liquid Coatings, Axalta Coating Systems. “A strong economy and consumer confidence have driven growth, but other factors like infrastructure spending, a strong agricultural season, and growth in capital spending have been important contributors to healthy growth as well.”

    “We really see growth across all of our Industrial businesses, led by the continued mid-single-digit growth in new commercial architecture as well as maintenance of existing facilities, then followed closely by agricultural, construction and earthmoving equipment with similar growth rates,” Heflin added. “We have also seen strong growth in pipeline spending at high single-digit rates, as oil and gas exploration and transmission spending has come back online.” 

    Growth Regions

    In line with the paint and coatings industry as a whole, Asia Pacific region represents the most opportunity for growth, but even the mature markets in North America and Western Europe have some bright spots.

    Hempel has been focusing its industrial coatings activity in the North American and Western European markets.

    “We have the added benefit that we are supported by our Centres of Excellence in Dallas, Texas and Kampen, Netherlands,” said Bredfeldt. “Both sites offer holistic technical services, from product development to field technical expertise. Furthermore, these Central Distribution and R&D Centres (Centres of Excellence) allow us to offer further efficiencies to our customers as orders can be fulfilled and shipped in record time and at a reduced cost. We anticipate continuing to see gains in these regions.”

    For Axalta Coating Systems, China is, by far, the fastest growing region in the world for industrial coatings. “But we have also seen very healthy growth rates in our mature markets in Europe and the U.S.,” noted Heflin. “In the past year, Axalta launched more than 80 new products across our Industrial businesses, and, while the thirst for new products is universal, the demand from China has been especially strong.”

    Meeting Customer Demands

    Users of industrial coatings are interested in coatings manufacturers increasing the lifecycle of the products that they develop to extend the service life of their assets.

    “Coatings can have a positive impact by improving performance in areas such as corrosion resistance and UV durability,” said Bredfeldt. “In addition, they are continually seeking out solutions that will improve their processes by minimizing waste, conserving energy and water while boosting production efficiencies and also reducing the impact to the environment and exposure of workers to hazardous chemicals.”

    According to Heflin, the biggest thing customers are looking for is a partner to their business, not just a paint supplier.  “In times of growth, coupled with new opportunities for most of our customers, they are faced with new challenges like increased production rates, faster turnaround times, more customization in color and appearance provided by their customers – all great challenges to have, but in many cases, the paint shop can be the lifeblood of growth (or the limiting factor).  Customers who are winning have migrated to those paint suppliers who have strong technical service to help them successfully absorb significant growth and position their businesses to gain share.”

    Environmental Compliance

    Sustainability is a key driver for the industrial coatings market in terms of meeting stricter and constantly evolving environmental regulations, as well as increasing public awareness.

    “There are a notable trend towards higher solids/lower volatile organic compounds (VOC) solvent-based coatings and an increase in demand for water-based (waterborne) coatings in certain sectors,” said Bredfeldt. “This trend will continue across all sectors as the demand increases and the coatings continue to be more robust for application. The focus on developing ever-more sustainable industrial coatings solutions also contributes to Hempel’s overarching sustainability agenda. This seeks to protect and prolong the lifecycle of assets and thereby leads to less heavy-duty equipment being produced. This minimizes waste which helps owners minimize their environmental footprint.”

    Axalta’s Helfin also sees the drive for more environmentally-friendly coatings, particularly in China and Europe. 

    “This shift isn’t just waterborne coatings, but also higher solids solvent-borne products.  As an example, we launched a zero VOC primer in Europe this past fall, and we can’t keep up with demand from heavy-duty equipment suppliers as well as metal component manufacturers.”

    Hempel Industrial will continue to develop sustainable and scalable solutions that have the potential to expand our geographic footprint and support our global customers. Investments at our two Centers of Excellence in Dallas, TX  and Kampen, Netherlands support our drive to improve our customers’ experience.

    In overall Hempel terms, 2019 will be a year of progress. The global coatings market is expected to pick up, and Hempel anticipates delivering underlying organic growth in line with or slightly better than the market. As a leading company within the global coatings industry, Hempel expects to bring more new companies into the Hempel family, as it continues its journey towards becoming a €3 billion revenue company.

    New Products

    Hempel is launching a new epoxy primer for heavy-duty equipment and trucks – Hempaprime Shield 700 HS.

    This new coating is specifically designed to improve productivity and quality for original equipment manufacturers (OEMs) by reducing production times and maximizing service life.
    Following its launch in North America, Hempaprime Shield 700 HS is now available in Europe. 

    Hempaprime Shield 700 HS is specifically designed to optimize production. A two-component high solids epoxy primer with exceptional adhesion to ferrous metals and substrates that delivers long term corrosion resistance in the harshest environments. It is fast drying and has short minimum overcoat intervals without compromising the high-volume solids content.

    This robust coating provides improved crack and wrinkle resistance even at a high dry film thickness (DFT) and dries to a smooth finish without the need for sanding. 

    “When designing coatings for customers it is important to understand their drivers and these generally include superior long-lasting protection, optimized production, environmentally friendly, the potential to enhance operational efficiencies, and a finish that looks good,” Hempel’s Head of Industrial Group Product Management, Product and Portfolio, Michael Bredfeldt said. “Hempaprime Shield 700 HS delivers all of this and more. It is easy to apply, fast drying and offers consistent high-quality performance. There is no need for thinning, and the coating has been optimized for airless and air spray.

    “Importantly, the low VOC content is better for the environment, safer for the applicators and meets all legislative requirements. Hempaprime Shield 700 HS is the ideal primer for OEMs, including heavy duty equipment such as forklifts, excavators, harvesters, earth moving equipment, as well as trucks, trailers and commercial vehicles.”

    Axalta’s Nap-Gard powder coatings are formulated for use on external and internal oil, gas and water pipelines with single, dual and multi-layer application options. Nap-Gard also provides corrosion protection solutions for valves, fittings and rebar. Axalta’s functional coatings offer innovative solutions for today’s epoxy-based coating applications and are designed to provide superior corrosion protection for substrates in harsh, demanding environments.  

    Major Market Developments

    •  PPG Industries introduced Durastar Ultra-Cool coatings that enhance the beauty and extend the service life of metal roofing, siding, panels, and other building components.
    •  Axalta Coating Systems expanded to optimize manufacturing capabilities for its Alesta brand at its powder coatings production facilities in Germany to cater the growing market demand.
    •  AkzoNobel N.V. acquired the industrial coatings business of BASF SE. This strategy would help strengthen its position in the coil coatings market.

    Data provided by Markets and Markets
    Related Searches
    • sustainability
    • environment
    • ppg
    • waterborne
    Suggested For You
    Axalta Sells 60,000th Spectrophotometer Axalta Sells 60,000th Spectrophotometer
    Hempel Launches Hempaguard MaX Coating System Hempel Launches Hempaguard MaX Coating System
    Hempel Appoints New Group Director for R&D Hempel Appoints New Group Director for R&D
    The Marine Coatings  Market The Marine Coatings Market
    New Axalta Report Unveils Color Trends Shaping Automotive Industry New Axalta Report Unveils Color Trends Shaping Automotive Industry
    12. Hempel A/S 12. Hempel A/S
    06. Axalta Coating Systems 06. Axalta Coating Systems
    Coatings World Interviews Hempel Coatings World Interviews Hempel's New CEO Lars Petersson
    Canadian Paint and Coatings Association Annual Conference Canadian Paint and Coatings Association Annual Conference
    Axalta Initiates Review of Strategic Alternatives Axalta Initiates Review of Strategic Alternatives
    Hempel Launches Highly Efficient Antifouling Coating Hempel Launches Highly Efficient Antifouling Coating
    Axalta Coating Systems Receives Ducks Unlimited Corporate Conservation Achievement Award Axalta Coating Systems Receives Ducks Unlimited Corporate Conservation Achievement Award
    Industrial Coatings Industrial Coatings
    Lars Petersson Succeeding Henrik Andersen as Hempel CEO Lars Petersson Succeeding Henrik Andersen as Hempel CEO
    Axalta, National University of Singapore Partner Axalta, National University of Singapore Partner

    Related Content

    • Breaking News | Production Equipment
      Axalta Sells 60,000th Spectrophotometer

      Axalta Sells 60,000th Spectrophotometer

      The company said it sold 10,000 Spectrophotometers in the past 15 months.
      09.12.19

    • Breaking News | Product news
      Hempel Launches Hempaguard MaX Coating System

      Hempel Launches Hempaguard MaX Coating System

      Hempaguard MaX coating significantly improves fuel efficiency.
      09.05.19

    • Breaking News | People in the News
      Hempel Appoints New Group Director for R&D

      Hempel Appoints New Group Director for R&D

      ...
      08.16.19


    • The Marine Coatings  Market

      The Marine Coatings Market

      Growth expected despite increasing regulations and raw material supply issues.
      Anthony Locicero, Associate Editor 08.09.19

    • Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      New Axalta Report Unveils Color Trends Shaping Automotive Industry

      New Axalta Report Unveils Color Trends Shaping Automotive Industry

      ...
      07.10.19

      Trending
      • BEHR Launches COPPER FORCE Interior Paint
      • BEHR Launches COPPER FORCE Interior Paint | Coatings World
      • BASF Launches Ultradur B4335G3 HR HSP
      • AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenge
      • BASF Launches Ultradur B4335G3 HR HSP | Coatings World
      Breaking News
      • PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam
      • Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories
      • Teknos Publishes Sustainability Report
      • The Shepherd Color Company Announces New President and Commercial Segment Leaders
      • U.S. Green Building Council Announces USGBC Live Headline Speakers
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Alkemist Labs Announces Alkemist Assured Seal and Next Generation Transparency Reports
      GC Rieber Foundations Expand Philanthropic Efforts
      Coatings World

      Latest Breaking News From Coatings World

      PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam
      Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories
      Teknos Publishes Sustainability Report
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Pediatric Medical Device Competition Reveals Five Finalists
      Medical Device Packaging Market to Reach $34B by 2027
      Penumbra Secures CE Mark for its Advanced Mechanical Thrombectomy Tech
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Mirum Pharmaceuticals Acquires San Diego-based Satiogen
      Catalyst Biosciences Sells Complement Portfolio to Vertex Pharmaceuticals
      Insmed Appoints Drayton Wise as Chief Commercial Officer
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      La Roche-Posay Launches Matte Moisturizer for Oily Skin
      3 Amorepacific Employees Stole $2.3 Million
      L'Oreal CEO Nicolas Hieronimus On Sustainability Initiatives
      Happi

      Latest Breaking News From Happi

      Thayers Natural Remedies Celebrates 175 Years with Social Campaign
      Former Model Shirley Powell’s Indie Beauty Brand LaJeanell Comprises Gender Inclusive Skincare and Makeup
      L’Oréal's New UVMune 400 Sun Filtering Technology Protects Skin From Ultra-Long UVA Rays
      Ink World

      Latest Breaking News From Ink World

      Flint Group Flexible Packaging Europe Implements Further Price Increase
      Nazdar Launches 205 Series Inks for Roland TrueVIS SG2 and VG2 Series Printers
      Quad Adds Landa S10P Nanographic Printing Press
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      AWA to host 22nd Global Release Liner Industry Conference & Exhibition
      Domino assists Grace Label with supply chain disruptions
      Rotocon wins AI Business Excellence Award
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Rael Raises $35M in Series B Funding
      Schobertechnologies Offers Rotary Web-fed Converting Solutions
      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Study Confirms Knee Shapes are Highly Individualized
      Stryker Launches EasyFuse Dynamic Compression for Foot & Ankle
      Extremity Medical Rolls Out OMNI Stable Ankle Fracture System
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      InnovationLab Acquires Flexible Printed Battery Technology from Evonik
      Canatu Receives IATF 16949:2016 Certification
      Applied Materials Announces 2Q 2022 Results

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login