UK Industrial Coatings Market Size & Outlook, 2023-2030
UK industrial coatings market, 2018-2030 (US$M)
UK industrial coatings market highlights
- The UK industrial coatings market generated a revenue of USD 2,903.4 million in 2023 and is expected to reach USD 3,198.7 million by 2027.
- The UK market is expected to grow at a CAGR of 2.5% 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 2,903.4 million |
| Market revenue in 2027 | USD 3,198.7 million |
| Growth rate | 2.5% (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, UK accounted for 3.2% 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 Europe, Germany industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6,715.9 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 35.96% in 2023. Horizon Databook has segmented the UK industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of major automobile manufacturers including Jaguar, Land Rover, MINI, Aston Martin, Bentley, Rolls Royce, and Lotus Cars in the UK is likely to fuel the demand for industrial coatings in automotive & vehicle refinish end-use industry in the coming years.
High demand for luxury furniture in the UK on account of increasing living standards is expected to fuel the demand for industrial coatings in wood applications. Initiatives toward product development, including driverless cars, are expected to boost investments in the automotive industry.
The emerging trends to cut down vehicle emissions and develop cleaner cars are leading to the development of electric cars. All these factors are expected to have a positive impact on the growth of automotive industry in the country, which, in turn, is anticipated to propel the demand for industrial coatings over the forecast period.
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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 UK industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into UK industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK industrial coatings market size, by product, 2018-2030 (US$M)
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