Industrial Coatings Market by Application, Technology, and Geography - Forecast and Analysis 2023-2027

Published: May 2023 Pages: 175 SKU: IRTNTR70983

Industrial Coatings Market Size & Growth

The Global Industrial Coatings Market size is estimated to grow by USD 18.74 billion between 2022 and 2027 accelerating at a CAGR of 3.81% during the forecast period. The growth of the market depends on several factors, including the surging demand for waterborne coatings, the growing automotive industry in APAC, and the increasing demand for eco-friendly coatings.

This industrial coatings market report extensively covers market segmentation by technology (waterborne, solvent-borne, powdered coatings, and UV-cured), application (general industrial, automotive OEMs, automotive refinishes, and packaging and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the  Industrial Coatings Market Size During the Forecast Period?

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Industrial Coatings Market Definition:

Industrial coatings are used on a myriad of surfaces, which include steel, aluminum, wood, plastic, and other materials for protection against external factors such as fire, corrosion, scratches, and moisture. These coatings are used in a wide range of industries, such as automotive, industrial machinery, aerospace, marine, and electronics.

Industrial Coatings Market: Key Drivers, Trends, Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Industrial Coatings Market Drivers

Surging demand for waterborne coatings is a key factor boosting the industrials coatings market driver. Aqueous coatings have diverse advantages and are widely used in various industries such as automotive, construction, marine, oil and gas, aerospace, and healthcare. These coatings act as primers and offer exceptional heat and abrasion resistance, as well as strong adhesion. They have lower levels of volatile organic compounds (VOC) and hazardous air pollutants (HAP), making them less toxic and flammable compared to solvent-based coatings.

Waterborne coatings also have a reduced environmental impact due to lower organic compound emissions. They are cost-effective, eliminating the need for additives, thinners, or hardeners, and require less coating quantity for surface coverage. As coating technology evolves, waterborne coatings are gaining prominence across industries. In automotive OEMs, electrocoating is a leading waterborne technology used for corrosion protection. The use of waterborne surfaces and color basecoats by major vendors is expected to drive the demand for waterborne coatings in the global industrial coatings market.

Significant Industrial Coatings Market Trends

The emergence of self-cleaning and self-healing coatings is a significant industrial coatings market trend. The emergence of self-cleansing and self-restoration coatings has the potential to significantly impact the business coatings industry. Global producers are investing in research and development to expand the range of paints and coatings that can eliminate the need for multiple applications. While this poses a capability venture to business coating producers, the manufacturing costs associated with these coatings are high, limiting their widespread adoption.

For instance, Nissan has introduced the Ultra-Ever Dry nano-paint technology in a self-cleansing vehicle prototype, which prevents dirt from sticking to the surface. However, the company does not plan to offer this technology as a standard feature. Despite this, the adoption of self-healing and self-cleaning coatings is expected to increase, posing a challenge to the global industrial coatings market.

Major Industrial Coatings Market Challenges

Volatile raw material prices are a major industrial coatings market challenge. The prices of raw materials used in industrial coatings, such as binders, pigments, and solvents, are subject to fluctuations due to supply chain disruptions, political tensions, and currency fluctuations. This poses challenges for manufacturers in maintaining stable pricing.

Petrochemical feedstock, including binders and solvents like polyesters and epoxy resins, rely on crude oil and natural gas, making them susceptible to changes in oil prices. Different types of coatings have limitations in terms of suitable surfaces and curing methods. Compatibility issues can arise when identifying materials for specific substrates, hindering market growth. Cracking is a common problem during the curing or drying processes of industrial coatings, which can deform the shape and create uneven surfaces. These factors impact the industrial coatings market during the forecast period.

Market Segmentation by Technology, Application, Geography

Technology Analysis

The market share growth by the waterborne segment will be significant during the forecast period. Aquatic coatings are composed of maximum aqueous solutions to scatter resin. Other solvents, such as glycol ethers, are added in significantly small amounts to commercial coatings produced using aquatic technology, which makes them environmentally friendly and easily applicable. These coatings have low VOC content and comply with US and European regulations. As a result, the adoption of aquatic technology in commercial coatings has increased.

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The waterborne segment was valued at USD 32.27 billion in 2017 and continued to grow until 2021. Solvent-borne coatings discharge dangerous fumes during the evaporation process. Aquatic coatings also discharge such fumes but in relatively low amounts. Many global suppliers, such as Axalta Coating Systems, have expanded their reach by investing in aquatic technology to produce industrial coatings. Therefore, the growing preference for waterborne technology in industrial coatings is expected to drive the growth of the segment during the forecast period.

Application Analysis

Based on application, the general industrial segment holds the largest market share. The general industrial market is expected to experience significant growth due to factors such as the expanding demand for industrial coatings from the construction industry and the increasing GDP in emerging economies. Moreover, the ongoing infrastructure development in APAC is projected to bolster the demand for industrial coatings in the general industrial coatings segment during the forecast period.

Regional Analysis

APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The demand for industrial coatings in APAC is experiencing rapid growth, particularly in countries like India and China, due to increased production of automobiles and their components. Major players in the industry are expanding their presence in the region to capitalize on its lucrative business opportunities. The market's growth is also driven by factors such as a growing population, higher disposable incomes, and a thriving automotive sector. Additionally, the implementation of stricter environmental regulations will further boost the regional market.

Despite the negative impact of the second wave of COVID-19 in March 2021, with partial or complete lockdowns affecting the automotive industry, industrial manufacturing operations have gradually recovered, fueling the growth of the APAC market during the forecast period.

Who are the Major Industrial Coatings Market Vendors?

Vendors are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Orkla ASA- The company offers industrial coatings such as Jotamastic, SeaQuantum, and Tankguard, under the brand, Jotun.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including: 

  • 3M Co.
  • Akzo Nobel NV
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Benjamin Moore and Co.
  • Brillux GmbH and Co. KG
  • Chugoku Marine Paints Ltd.
  • Cloverdale Paint Inc.
  • DAW SE
  • Endura Coatings
  • Hempel AS
  • Kansai Paint Co. Ltd.
  • Masco Corp.
  • Nippon Paint Holdings Co. Ltd.
  • NOROO Holdings Co. Ltd.
  • PPG Industries Inc.
  • RPM International Inc.
  • Teknos Group Oy
  • The Sherwin Williams Co.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The industrial coatings market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Billion, 2017 - 2027)
    • General industrial
    • Automotive OEMs
    • Automotive refinishes
    • Packaging and others
  • Technology Outlook (USD Billion, 2017 - 2027)
    • Waterborne 
    • Solvent-borne
    • Powdered coatings
    • UV-cured
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Industrial Coatings Market Scope

Report Coverage

Details

Page number

175

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.81%

Market growth 2023-2027

USD 18.74 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.59

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 57%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Benjamin Moore and Co., Brillux GmbH and Co. KG, Chugoku Marine Paints Ltd., Cloverdale Paint Inc., DAW SE, Endura Coatings, Hempel AS, Kansai Paint Co. Ltd., Masco Corp., Nippon Paint Holdings Co. Ltd., NOROO Holdings Co. Ltd., Orkla ASA, PPG Industries Inc., RPM International Inc., Teknos Group Oy, and The Sherwin Williams Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Coatings Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of industrial coatings market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial coatings market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global industrial coatings market 2017 - 2021 ($ billion)
    • 4.2 Technology Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Technology

    • 6.1 Market segments
      • Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)
    • 6.2 Comparison by Technology
      • Exhibit 32: Chart on Comparison by Technology
      • Exhibit 33: Data Table on Comparison by Technology
    • 6.3 Waterborne - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Waterborne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Waterborne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Waterborne - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Waterborne - Year-over-year growth 2022-2027 (%)
    • 6.4 Solvent-borne - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Solvent-borne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Solvent-borne - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Solvent-borne - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Solvent-borne - Year-over-year growth 2022-2027 (%)
    • 6.5 Powdered coatings - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Powdered coatings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Powdered coatings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Powdered coatings - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Powdered coatings - Year-over-year growth 2022-2027 (%)
    • 6.6 UV-cured - Market size and forecast 2022-2027
      • Exhibit 46: Chart on UV-cured - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on UV-cured - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on UV-cured - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on UV-cured - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Technology
      • Exhibit 50: Market opportunity by Technology ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Technology ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 General industrial - Market size and forecast 2022-2027
      • Exhibit 56: Chart on General industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on General industrial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on General industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on General industrial - Year-over-year growth 2022-2027 (%)
    • 7.4 Automotive OEMs - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Automotive OEMs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Automotive OEMs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Automotive OEMs - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Automotive OEMs - Year-over-year growth 2022-2027 (%)
    • 7.5 Automotive refinishes - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Automotive refinishes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Automotive refinishes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Automotive refinishes - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Automotive refinishes - Year-over-year growth 2022-2027 (%)
    • 7.6 Packaging and others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Packaging and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Data Table on Packaging and others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Chart on Packaging and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Packaging and others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 72: Market opportunity by Application ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 115: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 116: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Akzo Nobel NV
              • Exhibit 127: Akzo Nobel NV - Overview
              • Exhibit 128: Akzo Nobel NV - Business segments
              • Exhibit 129: Akzo Nobel NV - Key news
              • Exhibit 130: Akzo Nobel NV - Key offerings
              • Exhibit 131: Akzo Nobel NV - Segment focus
            • 12.4 Axalta Coating Systems Ltd.
              • Exhibit 132: Axalta Coating Systems Ltd. - Overview
              • Exhibit 133: Axalta Coating Systems Ltd. - Business segments
              • Exhibit 134: Axalta Coating Systems Ltd. - Key offerings
              • Exhibit 135: Axalta Coating Systems Ltd. - Segment focus
            • 12.5 BASF SE
              • Exhibit 136: BASF SE - Overview
              • Exhibit 137: BASF SE - Business segments
              • Exhibit 138: BASF SE - Key news
              • Exhibit 139: BASF SE - Key offerings
              • Exhibit 140: BASF SE - Segment focus
            • 12.6 Chugoku Marine Paints Ltd.
              • Exhibit 141: Chugoku Marine Paints Ltd. - Overview
              • Exhibit 142: Chugoku Marine Paints Ltd. - Business segments
              • Exhibit 143: Chugoku Marine Paints Ltd. - Key news
              • Exhibit 144: Chugoku Marine Paints Ltd. - Key offerings
              • Exhibit 145: Chugoku Marine Paints Ltd. - Segment focus
            • 12.7 Cloverdale Paint Inc.
              • Exhibit 146: Cloverdale Paint Inc. - Overview
              • Exhibit 147: Cloverdale Paint Inc. - Product / Service
              • Exhibit 148: Cloverdale Paint Inc. - Key offerings
            • 12.8 Endura Coatings
              • Exhibit 149: Endura Coatings - Overview
              • Exhibit 150: Endura Coatings - Product / Service
              • Exhibit 151: Endura Coatings - Key offerings
            • 12.9 Hempel AS
              • Exhibit 152: Hempel AS - Overview
              • Exhibit 153: Hempel AS - Product / Service
              • Exhibit 154: Hempel AS - Key offerings
            • 12.10 Kansai Paint Co. Ltd.
              • Exhibit 155: Kansai Paint Co. Ltd. - Overview
              • Exhibit 156: Kansai Paint Co. Ltd. - Business segments
              • Exhibit 157: Kansai Paint Co. Ltd. - Key offerings
              • Exhibit 158: Kansai Paint Co. Ltd. - Segment focus
            • 12.11 Nippon Paint Holdings Co. Ltd.
              • Exhibit 159: Nippon Paint Holdings Co. Ltd. - Overview
              • Exhibit 160: Nippon Paint Holdings Co. Ltd. - Business segments
              • Exhibit 161: Nippon Paint Holdings Co. Ltd. - Key offerings
              • Exhibit 162: Nippon Paint Holdings Co. Ltd. - Segment focus
            • 12.12 NOROO Holdings Co. Ltd.
              • Exhibit 163: NOROO Holdings Co. Ltd. - Overview
              • Exhibit 164: NOROO Holdings Co. Ltd. - Product / Service
              • Exhibit 165: NOROO Holdings Co. Ltd. - Key offerings
            • 12.13 Orkla ASA
              • Exhibit 166: Orkla ASA - Overview
              • Exhibit 167: Orkla ASA - Business segments
              • Exhibit 168: Orkla ASA - Key news
              • Exhibit 169: Orkla ASA - Key offerings
              • Exhibit 170: Orkla ASA - Segment focus
            • 12.14 PPG Industries Inc.
              • Exhibit 171: PPG Industries Inc. - Overview
              • Exhibit 172: PPG Industries Inc. - Business segments
              • Exhibit 173: PPG Industries Inc. - Key offerings
              • Exhibit 174: PPG Industries Inc. - Segment focus
            • 12.15 RPM International Inc.
              • Exhibit 175: RPM International Inc. - Overview
              • Exhibit 176: RPM International Inc. - Business segments
              • Exhibit 177: RPM International Inc. - Key offerings
              • Exhibit 178: RPM International Inc. - Segment focus
            • 12.16 Teknos Group Oy
              • Exhibit 179: Teknos Group Oy - Overview
              • Exhibit 180: Teknos Group Oy - Product / Service
              • Exhibit 181: Teknos Group Oy - Key offerings
            • 12.17 The Sherwin Williams Co.
              • Exhibit 182: The Sherwin Williams Co. - Overview
              • Exhibit 183: The Sherwin Williams Co. - Business segments
              • Exhibit 184: The Sherwin Williams Co. - Key news
              • Exhibit 185: The Sherwin Williams Co. - Key offerings
              • Exhibit 186: The Sherwin Williams Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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