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The global industrial coatings market is poised for growth, driven by manufacturers' increasing emphasis on developing environmentally friendly processes to reduce emissions, waste, and energy consumption. Fortune Business Insights™ reveals this insight in a recent report titled "Industrial Coatings Market Size, Share & COVID-19 Impact Analysis." The report indicates that the market, valued at USD 86.81 billion in 2019, is anticipated to reach USD 119.54 billion by 2027, with a projected CAGR of 4.4% during the forecast period.
Key Report Highlights:
Drivers & Restraints:
The growth of the industrial coatings market is supported by escalating environmental concerns, particularly regarding volatile organic compounds (VOCs) released during the manufacturing process. Manufacturers are increasingly adopting powder-based or water-borne coatings to mitigate sustainability issues associated with VOCs. While this shift promotes market growth, the quick drying nature of these coatings poses a potential hindrance.
Segment Analysis:
Regional Insights:
Competitive Landscape:
A list of all the manufacturers operating in the global market:
Browse Link:
https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741
The global industrial coatings market is poised for growth, driven by manufacturers' increasing emphasis on developing environmentally friendly processes to reduce emissions, waste, and energy consumption. Fortune Business Insights™ reveals this insight in a recent report titled "Industrial Coatings Market Size, Share & COVID-19 Impact Analysis." The report indicates that the market, valued at USD 86.81 billion in 2019, is anticipated to reach USD 119.54 billion by 2027, with a projected CAGR of 4.4% during the forecast period.
Key Report Highlights:
Drivers & Restraints:
The growth of the industrial coatings market is supported by escalating environmental concerns, particularly regarding volatile organic compounds (VOCs) released during the manufacturing process. Manufacturers are increasingly adopting powder-based or water-borne coatings to mitigate sustainability issues associated with VOCs. While this shift promotes market growth, the quick drying nature of these coatings poses a potential hindrance.
Segment Analysis:
Regional Insights:
Competitive Landscape:
A list of all the manufacturers operating in the global market:
Browse Link:
https://www.fortunebusinessinsights.com/industry-reports/industrial-coatings-market-101741
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