Industrial Coatings Market Anticipated to Expand at a CAGR of 3.28% during the Forecast Period 2021-

The industrial coatings market size is projected to be worth USD 84,803.5 million by 2030, at a CAGR of 3.28% during the forecast period 2021–2030. The market was valued at USD 61,480.6 million in 2020.

In addition, industrial coatings are used to protect walls, roofs, and floors from heavy rain, wind, and snowfall. Furthermore, rising industrial applications in automotive, aerospace, wood and marine are propelling Industrial Coatings forward. Furthermore, industrial coatings are now used to replace conventional latex-based paints because they provide aesthetic appeal to the substrates. On the contrary, high raw material costs and stringent regulations on the disposal of such products limit the market growth.

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