Summary
Industrial Coatings Market in Germany-Segmented by Region , Type , End-User and Technology-Trends and Forecasts ( 2017-2022 ). The report contains market segmentation and analysis of the German industrial coatings market by resin type ( acrylic , alkyd , polyurethane , epoxy , polyesters , and others ), by end-user ( aerospace , automobile , infrastructure , furniture , home appliances , oil and gas , marine , packaging and others ), by technology ( water-based , solvent-borne , powder , UV-cured coatings ) and by type ( heat resistant coatings , coil coatings , NIR coatings , waterproof coatings , floor / roof coatings and others ).
Description
The German industrial paints and coatings market is expected to grow at a CAGR of XX % during the forecast period 2016-2021 . The market was valued at USD XX billion in 2016 and is projected to reach a value of USD XX billion by 2021 . Germany is one of the leading markets in Europe , having a market share of about XX % of the total consumption .
An industrial coating is a paint or coating defined by its protective and functional , rather than aesthetic properties , although it can be both . Industrial coatings are most commonly used for corrosion control on steel , concrete and composite material structures . Volume-wise , most industrial coatings are used for corrosion control of steel or concrete .
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Industrial coatings have a wide variety of applications depending upon the type of resin and additives used . They are manufactured by various major companies around the world . The major end user industry is infrastructure which accounts for a third of the worlds consumption of industrial coatings . Other uses include in segments of aerospace , automotive , marine , furniture manufacturing , home appliances , oil & gas , healthcare and others .
Market Dynamics of the Industrial Coatings Market in Germany : Drivers :
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Strong domestic demand Growth of automotive industry Growing environmental awareness and green mobility Increasing usage of corrosion coatings
Constraints :
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Volatility in raw material prices Stringent VOC emission laws www . orbisresearch . com ; + 1 ( 214 ) 884-6817 ; + 9120-64101019