Industrial Liquid Coatings Market is Projected to Grow $99.7 Billion By 2027 - At a CAGR of 4.0%

Industrial Liquid Coatings Market by Resin (Polyester, Epoxy, Polyurethane, Acrylic), Technology (Solventborne, Waterborne), Application (Automotive, Marine, General Industrial, Packaging), and Region - Global Forecast to 2027

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MarketsandMarkets: The industrial liquid coatings market size is projected to reach USD 99.7 ?Billion by 2027.

The market size for Industrial Liquid Coatings is projected to grow to USD 99.7?Billion in 2027 from USD 81.9 Billion in 2022, at a CAGR of 4.0%. Growing demand for liquid industrial coatings due to the increasing demand of environment-friendly coatings.

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Asia Pacific is the largest industrial liquid coatings market during the forecast period.

Asia Pacific encompasses a diverse range of economies with different levels of economic development and multiple industries. The development of the market is mainly attributed to the high economic growth rate followed by heavy investment across industries, such as automotive, consumer goods & appliances, and others. Key players are expanding their liquid industrial coatings production in Asia Pacific, especially in China and India. The advantages of shifting production to the region are the low cost of production and the ability to better cater to the emerging local markets.

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The key players profiled in the industrial liquid coatings market report are Akzo Nobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), Axalta coating systems, LLC (US), and Nippon Paint (Japan).

Study Coverage:

This report covers the market for Industrial liquid coatings and forecasts the market size until 2027. It includes market segmentation based on resin type, technology, application, and region. It also provides company profiles and competitive strategies adopted by the market players.