Industrial Liquid Coatings Market overview, analysis, Growth Opportunities and Forecast

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Global Industrial Liquid Coatings Market Analysis
Trends Industry Forecast till 2024
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Industrial Liquid Coatings
Market
Industrial Liquid Coatings Market share is set to
cross USD 70 billion by 2025 according to a new
research report by Global Market Insights, Inc.
Growth in the global oil gas sector coupled
with supportive government policies of emerging
economies to boost manufacturing sector are the
prime factor for the growth of industrial liquid
coatings market in near future. The coatings are
used to provide resistance to corrosion, UV rays,
acids, oils and other type of contaminations that
can deteriorate metal and hinder the performance
of equipments. The product is mainly applied on
various industrial metal equipments, components
and pipelines. Upliftment of ban from the U.S.
oil exports will spur the growth of pipeline
network in the region. The largest network of
pipelines in the world is present in North
America, with the U.S. alone accounting for more
than 115 thousand kilometers of crude oil
pipeline. It is expected that North America will
witness additions of around 60 thousand
kilometers of pipeline network by 2021.
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Continued
Stringent environmental regulation related to the
VOC emission from liquid coatings will negatively
impact on the growth of global industrial liquid
coatings market. Solvents used in coating
formulations are hazardous as many are human
carcinogens and are flammable or explosive.
Environmental concerns associated with
conventional ingredients, coating application
technologies, and coating wastes are the driving
forces for developing pollution prevention
alternatives. Industrial liquid coatings market
is segregated into resin, product, application
and region. The resin segment includes epoxy,
acrylic, polyester, polyurethane and others. In
terms of volume, acrylic based coatings segment
will clutch over 15 of the entire market share
in 2025. Properties such as excellent chemical
resistance, color gloss retention, outstanding
early moisture resistance, flash rust/early rust
resistance, etc. makes it suitable for use over
steel, aluminum, and zinc rich primers. These
coatings have wide end-use application on
equipment, machineries, power plants, piping and
steel structures as well.
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Continued
The product segment further segmented into liquid
top coats, liquid primers, metal conditioners,
e-coats and other. In terms of revenue, e-coats
will account for more than 10 of the overall
segment share by 2025. E-coats or electrocoats
are high-performance products that are formulated
to provide reliable mechanical strength and
superior corrosion protection. The product is
mostly used on hot rolled steel, galvanized
steel, aluminum, magnesium etc. in agriculture,
construction earthmoving equipments, as well as
automotive electrical appliances manufacturing
industries. General industrial segment is likely
to clutch the highest share of over 60 by 2025
with a wide range of industries covered under
this segment. It includes industries such as home
appliance manufacturing, food beverage,
textiles, steel, pharmaceutical, containers and
packaging, etc. Growing demand for various
household products due to rise in spending
capacity of the global population will result in
growth of general industrial sector. Based on
volume, Asia Pacific industrial liquid coatings
market will witness the growth rate around 7.
Significant rise in manufacturing industries in
Asian Countries such as China, South Korea and
India will subsequently augment the entire
industry demand in future.
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Industrial Liquid Coatings Market 2018-2024

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