The U.S. Industrial Coatings Market: A Key Driver of Manufacturing Innovation
The U.S. industrial coatings market size is expected to reach USD 19.8 billion by 2030, as per a new report by Grand View Research, Inc., advancing at a CAGR of 3.2% during the forecast period. The rising demand is attributed to the increase in consumption of these products in automotive, aerospace, and electronics industries in the country. The product is significantly used in marine, automotive & vehicle refinish, electronics, oil & gas, aerospace, power generation, mining, and general industrial applications. Properties such as corrosion resistance, high abrasion resistance, chemical resistance, gloss retention, and good color are propelling the product demand in the aforementioned industries. The demand for water-based products is likely to rise during the forecast period on account of growing awareness about the harsh effects of solvent-based products and various regulations to prevent the release of VOCs and hazardous air pollutants (HAPs) that ar...