The market size for Industrial liquid coatings is projected to grow from USD 81.9 billion in 2022 to USD 99.7 billion in 2027, at a CAGR of 4.0%. The key factor driving the growth of the market includes the increasing demand from industries such as automotive, general industrial and others. Increasing demand for environmentally-friendly coatings, need for efficient process and durable coatings with better aesthetics, and growing demand from the Asia Pacific region are driving the global industrial liquid coatings market. However, the difficulty in obtaining thin films, requirement of more drying time for water-based coatings are obstructing the overall growth of the market. Attractive prospects for coatings in shipbuilding and pipeline industries, and increasing use of nano-coatings are expected to provide opportunities in the industrial liquid coatings market; conversely, stringent regulatory policies are expected to pose a challenge to its growth.
