China Industrial Coatings Market Size & Outlook, 2023-2030
China industrial coatings market, 2018-2030 (US$M)
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China industrial coatings market highlights
- The China industrial coatings market generated a revenue of USD 18,907.1 million in 2023 and is expected to reach USD 22,239.1 million by 2027.
- The China market is expected to grow at a CAGR of 4.1% from 2024 to 2027.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial coatings market data book summary
| Market revenue in 2023 | USD 18,907.1 million |
| Market revenue in 2027 | USD 22,239.1 million |
| Growth rate | 4.1% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, China accounted for 21.1% of the global industrial coatings market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 22,239.1 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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China industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 36.01% in 2023. Horizon Databook has segmented the China industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
China industrial coatings market is anticipated to witness promising growth over the forecast period on account of increasing infrastructure development and rising power generation capacity. Growing demand from key manufacturing industries including packaging, wood, construction, oil & gas, and aerospace is expected to substantially contribute toward the ascending demand for industrial coatings in China.
China is the largest automotive market in the region. According to International Trade Administration, automotive production in the country is expected to reach 35 million units by 2025. This is attributed to the strong demand for automobiles along with commercial buses and trucks, which, in turn, is expected to fuel the demand for industrial coatings in the country.
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into China industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industrial coatings market size, by product, 2018-2030 (US$M)
China Industrial Coatings Market Outlook Share, 2023 & 2030 (US$M)
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