Study Predicts Industrial Coatings Market to Reach $116 Billion by 2026
NORTHBROOK, IL — Research firm MarketsandMarkets™ has released a new report that predicts the industrial coatings market will grow from $102 billion in 2021 to $116 billion in 2026, with a compound annual growth rate of 2.5%.
According to the study, growth in the market for industrial coatings will come from increasing demand for environmentally friendly coatings and growth in end-use industries. The Asia-Pacific region is expecting a boom during the forecasted period, which will also increase demand for industrial coatings.