Global Industrial Liquid Coatings Market was valued US$ 47.70 Bn in 2019 and is estimated to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Industrial Liquid coating also known as wet painting. Due to certain limitation of powder coating, liquid coating has gain market. Liquid coatings offers more shades of colour, thinner coats, easier masking, smoother surface, dries much smoother for a shinier, less textured appearance, noise control, corrosion & chemical resistance, wear resistance & non-stick, abrasion resistance.
Liquid coating includes both solvent based coating and water borne coating. Industrialization, urbanization, expansion of automobile industry and remodeling & expansion in infrastructure sector is driving the Industrial liquid coating market. Government regulation regarding emission of VOCs in solvent based coating restrain the industrial liquid coating market.
Epoxy resin occupied one third market share of the industrial liquid coatings market in 2018. Epoxy resin will continue gaining share owing to properties offered like quick drying, easy application method, protective nature, toughness and other mechanical properties. Polyester based coatings holds second