Industrial Coatings Market : PPG Industries (US) and Axalta coating systems, LLC (US) are Leading Players
The Industrial Coatings market is projected to grow from USD 102.0 billion in 2021 to USD 116.0 billion by 2026, at a CAGR of 2.5% between 2021 and 2026. Asia Pacific is the largest consumer of industrial coatings. The global Industrial Coatings market is driven by the increasing demand from the general industries and automotive industries.
The key players operating in the market are AkzoNobel N.V. (Netherlands), PPG Industries (US), Sherwin-Williams (US), Axalta coating systems, LLC (US) and Nippon Paint (Japan). These players have adopted various strategies, such as joint venture & partnership, mergers & acquisition, investment & expansion, and new product launch to grow in the market. Mergers & acquisitions is the key strategy adopted by the major players between 2016 and 2021. This strategy helped companies enhance their global presence.
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