Global Industrial Maintenance Coatings Market Size will witness over 4% CAGR between 2024 and 2032, propelled by increasing purchases and agreements among industry leaders. Companies are recognizing the significance of high-quality coatings in extending the lifespan of industrial assets and ensuring operational efficiency.
For example, Sumter Coatings Inc. was purchased by Ergon Asphalt & Emulsions Inc. in July 2022 and included into the ErgonArmor business unit. Founded in 1996, Sumter Coatings is a well-known brand in the paint and coatings industry, serving the industrial maintenance and repair sectors as well as structural steel fabricators. ErgonArmor’s vice president of sales and marketing, Christine Osborne, was excited about the partnership and looked forward to future growth and product expansion for ErgonArmor clients.
Consequently, procurement agreements and strategic alliances are becoming important forces behind the expansion of the business. These partnerships make it easier to share resources, knowledge, and cutting-edge coating technologies, satisfying the changing demands of diverse industries and promoting innovation in industrial maintenance coatings.
By kind, technology, end-use, and geography, the Industrial Maintenance Coatings Industry as a whole is categorized.
Alkyd coatings segment will undergo significant development from 2024 to 2032. Known for their versatility and durability, alkyd coatings are favored for their ability to protect surfaces in harsh industrial environments. With excellent adhesion and resistance properties, they are widely used in applications such as structural steel coatings, machinery, and equipment maintenance. As industries prioritize asset protection and longevity, the demand for alkyd coatings continues to grow, driving innovation and expansion in industrial maintenance coatings market.
Industrial maintenance coatings industry share from the water-borne coatings segment will register a noteworthy CAGR from 2024 to 2032. Renowned for their eco-friendliness and low VOC content, water-borne coatings are increasingly preferred in industrial maintenance applications. These coatings offer excellent durability, corrosion resistance, and ease of application, making them suitable for various industries such as automotive, aerospace, and manufacturing. As companies prioritize environmental sustainability and regulatory compliance, the demand for water-borne coatings continues to rise, shaping the trajectory of the industrial maintenance coatings industry.
Europe industrial maintenance coatings industry will showcase a commendable CAGR from 2024 to 2032. Rapid industrialization, alongside stringent environmental regulations, has propelled the need for high-quality maintenance coatings across various sectors. Additionally, the emphasis on sustainability and durability further fuels the adoption of advanced coatings. As industries in Europe prioritize asset protection and longevity, the demand for industrial maintenance coatings continues to rise steadily. This trend underscores Europe’s pivotal role in shaping the global market and driving innovation within the industry. For instance, in February 2024, KANSAI HELIOS recently finalized a share purchase agreement with GREBE Holding in Weilburg, Germany, acquiring the entire industrial coatings business of WEILBURGER Coatings. This acquisition encompassed WEILBURGER Coatings GmbH in Weilburg, Germany, and WEILBURGER Asia Limited in Hong Kong, China.
