Liquid Coating Market Scope
Liquid Coating is an organics base material comprising resins with a combination of solvent and water-based. Liquid Coating is mostly used for architectural, industrial, and special purposes. It can apply with spray, brush, or roller. It is widely used for repairing short coating runs, valves, boilers, tanks, vessels, specialized environments, etc. Geographically the Asia pacific is the leading country for increasing the number of paint and manufacturing by coating manufacture in emerging economies such as China, India. Hence these are the few factors that are triggering the market growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Aegion(United States), BASF (Germany), Asian paint (India), Berger paint (India), Axalta Coatings System (United States), Spencer Coating (United Kingdom), STP Performance Coating LLC (United States), PPG (United States), AKZO NOBEL (Netherlands), Reliable paint (India), PCI Paint &coating industry (United States), Saboo coating (India), Protech group (Australia), Chemquest (United States), Nordic waterproofing (Sweden) and Others |
CAGR | 4.0% |
The market is expected to grow market in the oil & gas industry heading toward defined technological advances. The advanced technology for developing field joint coating mechanisms is driving the demand for the market. Several companies are operating in the market to provide customers better offer with various features & unique organic products. The market is a Consolidated market with the presence of several market players and local players. Hence this is a factor is triggering the market growth over the forecast period Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Liquid Coating market throughout the predicted period.
Aegion(United States), BASF (Germany), Asian paint (India), Berger paint (India), Axalta Coatings System (United States), Spencer Coating (United Kingdom), STP Performance Coating LLC (United States), PPG (United States), AKZO NOBEL (Netherlands), Reliable paint (India), PCI Paint &coating industry (United States), Saboo coating (India), Protech group (Australia), Chemquest (United States), Nordic waterproofing (Sweden) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Liquid Coating market by Type , by Application (Machinery, Automobile, Electronics, Construction and Others) and Region with country level break-up.
On the basis of geography, the market of Liquid Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2024, BASF Coatings Signs Global Partnership Agreement With INEOS Automotive. The partners will commit to a long-term strategic collaboration that enables them to exceed the industry standard in vehicle body repair and paint refinish. The partnership includes the supply of sustainable refinish solutions, expertise and latest digital colour-matching solutions and training.
In September 2023, Sun Chemical has launched two new stir-in pigment preparations for the coatings market—eXpand!® Yellow ST 1018 and eXpandBlack ST 9005.eXpand! Yellow ST 1018 combines intense chroma with reduced scattering and high transparency which enables the formulation of a new generation of stylings in automotive coatings. The eXpand! Black ST 9005 stir-in solution delivers outstanding jetness and a unique black shade due to reduced scattering.
Influencing Trend:
Increasing application for liquid coatings in medical automobiles and the military sector
Market Growth Drivers:
Liquid coating products are low VOC product, The huge color variation available in liquid coating product, Restraint and Over sprayed liquid coating may damage the quality of the product
Challenges:
Liquid coating products contain low VOC which is the biggest challenge for consumer and Spray help to provide sufficient ventilation and capital expenditures are necessary to use the products in order to control, clean, and save the environment
Restraints:
Over sprayed liquid coating may damage the quality of the product
Opportunities:
Liquid coating product has greater surface compatibility and It can be applied at lower film builds which required less coating is required
Key Target Audience
Supplier, Chemical industry, Oil and gas industry, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry