Industrial Coatings Market, Overview, Trends, Share,Analysis, Forecast to 2030
Industrial Coatings Market Overview Industrial coatings can be made specifically keeping in mind its particular usage. The product has better traction in providing protection against wear-resistance, corrosion, and improve the aesthetic appearance. It is often a thin film that can be applied on various surfaces like steel, concrete, and other industrial materials. These films are derived from epoxy, polyurethane, alkyds, acrylic, and polyester. The coating makes the surface washable and durable. In various industries like oil-rig towers, aircraft, offshore structures, power plants, and conveyors, this product finds significant traction. The report, as published by Market Research Future (MRFR), finds the market having a growth by 5.8% CAGR to achieve a valuation of USD 119 billion by 2025. The report considers the time between 2019 and 2025 as the forecast period. The rapid urbanization and industrial reformation can impact the growth of the market. Also, the manufacturing of...