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Growth Forecast for Industrial Coatings Market
May 26, 2025
In a report by MarketsandMarkets™, the global industrial coatings market is projected to grow steadily through 2028, driven by rising demand across Asia Pacific, particularly in China and Brazil. The market is being shaped by increasing production capacity, regulatory shifts, and growing end-use sectors such as general industrial, rail, and electronics.
Solventborne coatings continue to lead the market due to their widespread application in developing industrial sectors. Environmental regulations are driving demand for low-VOC technologies, while continued focus on durability and reduced maintenance presents additional opportunities for innovation.
Key players in the market include Akzo Nobel N.V., Axalta Coating Systems LLC, Jotun A/S, PPG Industries Inc., and The Sherwin-Williams Company.
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