MarketsandMarkets has released a new forecast report on the global industrial coatings market from 2012 to 2017. The report offers a review on the key issues, challenges, winning imperatives, opportunities, restraints and drivers in the market.
In addition, the report includes profiles of major players in the industry with their latest developments and other strategic activities. Key players of the global industrial coatings industry include Akzo Nobel in Netherlands; Valspar in the U.S.; Asian Paints in India; and BASF in Germany.
The industrial coatings market is divided and analyzed for key geographic regions: Asia Pacific, Europe, North America and rest of the world. The market is also segmented based on product types, including powder coatings, solvent based coatings and water based coatings. In addition, the industrial coatings market is segmented based on applications, such as furniture, marine, construction, steel and automotive.
Industrial coatings are largely used in protective and powder coatings, decorative coatings, furniture, marine, construction, steel, automotive and other. They are utilized for excellent protective and aesthetic features. Major drivers for the growth of the worldwide industrial coatings market are attributed to the increasing demand from the Asia pacific, particularly from India and China.
MarketsandMarkets has employed several secondary sources, like databases, directories and encyclopedia, to find and collect useful information on industrial coatings. The primary sources are selected experts and suppliers from associated sectors have been interviewed to gain information on the market.