Global Industrial Coating Market (2020-2026) – Growth, Trends, and Forecast

Global Industrial Coating Market size is expected to reach USD 104.22 Billion by 2026 from USD 85.61 Billion in 2019 at a CAGR of 3.12% over the projection period 2020-2026.

Enhanced living standards and infrastructural development across the globe drive growth in the demand for industrial coating. In the projected time frame, high growth in the U.S. oil & gas industry will boost the growth of the industrial coatings market. Industrial coatings are typically used for providing a protective layer to different equipment used in the exploration and oil production processes for the oil & gas transmission pipelines. The boom in upstream operations, growing investments in the midstream market, and the new administration’s legislative support would ultimately exacerbate the demand for industrial coatings with the lucrative growth rate over the projected period.