Industrial Coatings Market Pegged for Robust Expansion by 2024
Global Industrial Coatings Market: Snapshot The industrial coatings market is healthy, and the foreseeable future looks bright, with the demand projected to increment at a CAGR of 5.8% during the forecast period of 2017 to 2022. Some of the key factors reflecting positively on the global industrial coatings market are: rapid constructional activities for infrastructural development in emerging economies, prosperity of the automotive industry as a result of increasing disposable income among the urban populations, increasing demand for premium paints among do-it-yourself (DIY) consumers, and recent advents of fluoropolymer topcoats, UV-curable coatings, and nanocoatings. Evaluated at US$31,478.5 mn in 2017 and projected to reach a valuation of US$41,682.8 mn by 2022, the global industrial coatings market is gaining maximum traction in the APEJ region. While strict regulatory for the usage and disposal of petrochemicals continues to hinder the growth rate, vendors of the...