Gitnux/Report 2026

Industrial Coatings Industry Statistics

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Industrial Coatings Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The industrial coatings industry at a glance

The global industrial coatings market was valued at $96.7 billion in 2025 and is forecast to reach $132.5 billion by 2033, as manufacturers shift toward water-borne, low-VOC and higher-performance systems.

$96.7B[21]
Market size, 2025
4.1%[21]
Forecast CAGR, 2026–2033
42.0%[21]
Asia-Pacific share, 2025
$6.524B[18]
PPG industrial coatings sales, 2025
Market size
The global industrial coatings market was valued at $96.7 billion in 2025 and is estimated at $100.1 billion in 2026. The market includes coatings used in general industrial, automotive, marine, aerospace, electronics, oil and gas, mining and power-generation applications.[21]
Forecast & CAGR
The market is projected to reach $132.5 billion by 2033, representing a 4.1% CAGR from 2026 to 2033. Grand View Research identifies acrylic coatings as the fastest-growing product segment, with a projected 4.5% CAGR over the same period.[21]
Market share & regions
Asia-Pacific accounted for 42.0% of global industrial-coatings revenue in 2025, making it the leading region. Europe held a 29.4% share in 2025 and is projected to be the fastest-growing region through 2033.[21]
Segmentation
Water-borne coatings represented the largest technology segment in 2025, with a 35.2% revenue share. General industrial applications led end uses with a 45.1% share, while acrylic was identified as the fastest-growing product category.[21]
Key players & concentration
The global coatings industry remains concentrated among large multinational suppliers but is less consolidated in Asia-Pacific. ChemQuest estimates that the top 10 global coating manufacturers represented 44% of the global coatings market in 2024, while the top 100 represented 80%; more than 80% of Asia-Pacific demand was served by regional manufacturers.[69]
Pricing
Pricing has been mixed rather than uniformly inflationary. PPG reported that its 2025 industrial-coatings sales declined 2.4% to $6.524 billion, with lower selling prices reducing sales by 1%, partly offset by a 2% volume increase; the company attributed some price movement to index-based customer contracts.[18]
Trends, drivers & challenges
Demand is being supported by industrial production, infrastructure, automotive manufacturing, corrosion protection and asset-life extension. Key challenges include uneven industrial output, raw-material and energy costs, lower-VOC compliance requirements and the need to improve coating durability while reducing environmental impact.[21][18][70]
Consumer behavior & competition
Industrial-coatings purchasing is primarily business-to-business and is driven by total cost of ownership, corrosion resistance, durability, application efficiency, regulatory compliance and technical support rather than consumer preference. Competition spans global suppliers and a large base of regional manufacturers; ChemQuest estimates that Asia-Pacific remains highly fragmented, with more than 80% of the market served by regional producers.[69][21]
M&A
Consolidation remains active: ChemQuest recorded 43 global coatings M&A transactions during 2022–2024, with approximately 80% of consolidation occurring in Western Europe and North America. In 2025, AkzoNobel finalized its acquisition of French manufacturer Disa Technology, adding aerospace and transport marking-film capabilities; financial terms were not disclosed.[69][71]
Regulation
VOC emissions remain a central regulatory issue. The U.S. EPA finalized amendments to national VOC standards for aerosol coatings on January 17, 2025, including revised emission limits, reactivity provisions, test methods and electronic reporting; regulated entities must comply with the amended requirements by January 17, 2027.[70]
Latest news
The most significant recent strategic development is AkzoNobel's proposed merger with Axalta, announced in November 2025 and still being advanced in November 2026. Under the proposed structure, AkzoNobel's industrial-coatings business would remain with Nippon Paint, while its automotive and specialty, marine and protective, and powder-coatings businesses would be sold separately to Sherwin-Williams.[2]

02 Ranking

Top 10 Companies in the Industrial Coatings Industry

The leading companies in the industrial coatings industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

Jotun leads Gitnux's 2026 industrial coatings ranking with an Overall score of 9.4, with operating margin 20.6% for Performance Coatings steel protection. The Sherwin-Williams Company is the runner-up at 9.1, driven by revenue growth 2.1% across global paints and coatings product lines.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in industrial coatings

    Jotun

    NO

    Ranked #1 · 9.4 · Industrial coatings

    Why we picked it: The company describes its Performance Coatings business as a steel-protection leader, alongside a 20.6% operating margin.

    See in ranking ↓Visit jotun.com ↗

  2. #2 overall

    The Sherwin-Williams Company

    US

    Ranked #2 · 9.1 · Industrial coatings

    Why we picked it: The company reports 2.1% revenue growth and runs industrial, protective and marine coating lines worldwide.

    See in ranking ↓Visit sherwin-williams.com ↗

  3. #3 overall

    Hempel

    DK

    Ranked #3 · 8.9 · Industrial coatings

    Why we picked it: Its protective-coatings production covers marine, infrastructure, energy and industrial assets.

    See in ranking ↓Visit hempel.com ↗

Pick 1 is the #1 company overall. No other segment places in the top 5, so picks 2 and 3 follow rank.

Full ranking

Sort by
Top 10 companies in the industrial coatings industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Jotun

Industrial coatings · NO

9.4
2

The Sherwin-Williams Company

Industrial coatings · US

9.1
3

Hempel

Industrial coatings · DK

8.9
4

PPG

Industrial coatings · US

8.7
5

Asian Paints

Industrial coatings · IN

8.5
6

Sika

Protective, flooring and industrial construction coatings · CH

8.3
7

Beckers Group

Coil, industrial and functional coatings worldwide · SE

8.3
8

Axalta Coating Systems

Industrial, automotive OEM and refinish coatings worldwide · US

8.0
9

DAW

Industrial and architectural coatings in Europe · DE

8.0
10

BASF

Automotive OEM and industrial coatings worldwide · DE

7.8

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the industrial coatings industry. In Industrial Coatings Industry Statistics. Gitnux. https://gitnux.org/industrial-coatings-industry-statistics/#top-companies

report visual · Comparison

Global coatings demand by region

Asia Pacific holds the largest share at 50%.

Asia Pacific50%
Europe19%
North America18%
Latin America7%
Middle East and Africa6%
source-verifiedchemquest.com

04 Statistics

Technology & Innovation

AI and automation show up as applied production tools and coating workflows. Examples include 70 AI agents completing more than 1.5 million tasks at AkzoNobel in 2025.

AI in the industrial coatings industry

  • 1 AI-based technology developed by Dow identifies and predicts corrosion failures in metal coatings using computer vision.[1]
  • 70 AI agents completed more than 1.5 million tasks at AkzoNobel in 2025, covering operations, Finance, IT and HR.[2]
  • 2 years was the development period for AkzoNobel’s AI-based powder-coatings software with coatingAI before its exclusivity agreement.[2]
  • 1.5 million tasks were completed by AkzoNobel’s AI agents in 2025.[2]
  • 1 AI-driven coating-application software solution, Flightpath Pro, was used globally by AkzoNobel’s Powder Coatings business in 2025.[2]
  • 50% was the reduction in development time reported by Advanced Polymer Coatings after implementing Albert Invent’s AI-native chemistry platform in 2026.[3]

Automation in the industrial coatings industry

  • 1 fully automated packaging line was added by Gemini Industries at its El Reno, Oklahoma, wood-coatings facility in 2025.[4]
  • 4 FANUC robots are included in Mueller Coatings’ new fully automated vacuum-metallizing system announced in 2025.[5]
  • 50 million-plus coated parts per year is the capacity of Mueller Coatings’ previous automated vacuum-metallizing line in the United States.[5]

Digital Transformation in the chemicals and materials sector (sector benchmark)

  • Among EII businesses, 68% reported adopting AI in 2024, with an estimated 10% productivity increase.[6]
  • Among ASUG chemicals-industry members, 46% ranked automation among their leading technology focus areas in 2025.[7]
  • Among ASUG chemicals-industry members, 57% identified moving to SAP S/4HANA as a top focus area in 2025.[7]
  • Across European chemical subindustries, 65% of companies viewed digitalization as an opportunity that would significantly impact their activities in 2024.[6]

Technology Adoption in the chemicals and materials sector (sector benchmark)

  • Among chemicals organizations surveyed by IBM, 49% had implemented AI for production planning and scheduling in 2025.[8]
  • Among chemicals organizations surveyed by IBM, 45% had implemented AI for supply-chain optimization in 2025.[8]
  • Among chemicals organizations surveyed by IBM, 53% had implemented AI for real-time process control and optimization in 2025.[8]
  • Among chemicals organizations surveyed by IBM, 49% had implemented AI for quality inspection or defect detection in 2025.[8]

Cloud Computing in the chemicals and materials sector (sector benchmark)

  • Among EII businesses, 2% reported decreased productivity from cloud computing in 2024.[6]
  • Among EII businesses, 52% reported increased productivity from cloud computing in 2024, while 46% reported no change.[6]
  • Across chemical-sector companies surveyed by Arthur D. Little and Cefic, 15% planned to migrate to cloud computing in coming years in 2023.[9]
  • Across chemical-sector companies surveyed by Arthur D. Little and Cefic, more than 35% had at least partially migrated to cloud computing in 2023.[9]

Big Data in the chemicals and materials sector (sector benchmark)

  • Among EII businesses, 44% reported no productivity change from big data in 2024.[6]
  • Among ASUG chemicals-industry members, 49% cited gaining actionable insights from data and analytics as a current challenge in 2025.[7]
  • Among EII businesses, 6% reported decreased productivity from big data in 2024.[6]
  • Among EII businesses, 48% reported increased productivity from big data in 2024.[6]

IoT in the chemicals and materials sector (sector benchmark)

  • Across European countries, 29% of firms used IoT on average in 2021.[10]
  • Across 23 European countries, close to one-third of manufacturing firms used IoT in 2021.[10]
  • Among EII businesses, 56% reported no productivity change from IoT in 2024.[6]
  • Among EII businesses, 44% reported increased productivity from IoT in 2024.[6]

Innovation in the industrial coatings industry

  • 240 patent applications were pending worldwide for Axalta at December 31, 2025.[11]

05 Statistics

Data & Analytics

Data integration and governance appear as bottlenecks for R&D digitalization. In 2026 survey results, 41% cite integrating data across laboratories and sites as a top barrier.

Business intelligence in the industrial coatings industry

  • 64% of coatings-industry respondents saw accelerating product development through simulations as a major artificial-intelligence opportunity in 2026.[12]
  • 49% of coatings-industry respondents saw predicting material properties as a major artificial-intelligence opportunity in 2026.[12]
  • 34% of coatings experts cited limited budgets or unclear return on investment as the biggest barrier to accelerating R&D digitalization in 2026.[13]
  • 41% of coatings experts identified integrating data across laboratories and sites as the biggest barrier to accelerating R&D digitalization in 2026.[13]
  • 15% of coatings experts identified internal culture or resistance to change as the biggest barrier to accelerating R&D digitalization in 2026.[13]
  • 34% of coatings-industry respondents saw quality control and defect detection as a major artificial-intelligence opportunity in 2026.[12]

Data analytics in the industrial coatings industry

  • 73% of coatings professionals used individual internet research to keep up with technical developments in 2026.[12]
  • 30% of coatings R&D respondents identified the Biocidal Products Regulation as a major project challenge in 2026.[12]
  • 67% of coatings professionals used seminars and conferences to keep up with technical developments in 2026.[12]
  • 33% of paint and coatings suppliers ranked digitalization among the top five trends affecting the industry in a 2019 survey.[3]
  • 18% of coatings R&D respondents identified sustainability reporting as a major project challenge in 2026.[12]
  • 31% of coatings R&D respondents identified VOC limits and air-quality regulations as a major project challenge in 2026.[12]

Data Quality in the chemicals and materials sector (sector benchmark)

  • 49% of supply-management organizations rated their data quality as good or excellent in 2024, based on an Institute for Supply Management survey.[14]
  • 44% of companies in the manufacturing survey reported AI-project failures caused by poor data quality in 2025, across surveyed manufacturers.[15]
  • 80% of manufacturers reported a measured value for their operational data in 2026, across the surveyed manufacturing sector.[16]
  • 67% of supply-management organizations said their data quality was better or significantly better than two years earlier in 2024.[14]
  • 42% of manufacturers had a process to verify manufacturing-data accuracy and quality in 2026, while 51% did not.[16]
  • 89% of manufacturers said data use improved their decision-making processes in 2026, across the surveyed manufacturing sector.[16]

Data Governance in the chemicals and materials sector (sector benchmark)

  • 28% of manufacturers had a data-governance leader in 2026, across the Manufacturing Leadership Council survey.[16]
  • 90% of supply-management organizations agreed or strongly agreed that data governance was necessary in 2024.[14]
  • 67% of GCC chemical companies had established performance management or KPIs around digital supply chains in 2022.[17]
  • 61% of supply-management organizations had a dedicated data-governance function in 2024, based on a survey of more than 121 respondents.[14]
  • 52% of global chemical companies had established performance management or KPIs around digital supply chains in 2022.[17]
  • 46% of GCC chemical companies had established common data standards with collaboration partners in 2022.[17]

KPIs in the industrial coatings industry

  • €1.871 billion was AkzoNobel’s industrial-coatings revenue in 2025, down 8% from 2024.[2]
  • $6.795 billion was Sherwin-Williams’ Performance Coatings Group net sales in 2025, compared with $6.797 billion in 2024.[18]
  • €1.871 billion represented 31% of AkzoNobel Performance Coatings revenue in 2025 through the industrial-coatings business.[2]
  • $2.210 billion was PPG’s industrial-coatings net sales in the United States and Canada in 2025.[18]
  • $1.730 billion was PPG’s industrial-coatings net sales in EMEA in 2025.[18]
  • $1.806 billion was PPG’s industrial-coatings net sales in Asia Pacific in 2025.[18]

06 Statistics

Strategy & Growth

Growth planning links to regional revenue mix and facility expansion. The global industrial coatings market is projected to grow at 4.1% CAGR from 2026 to 2033.

Growth in the industrial coatings industry

  • $6.524 billion was PPG’s industrial coatings revenue in 2025.[18]
  • 43.40% was Asia Pacific’s share of the global industrial coatings market in 2025.[19]
  • 4% was PPG’s year-over-year organic sales growth in industrial coatings in 2025.[18]
  • $40.90 billion is the projected U.S. industrial coatings market size for 2032.[19]
  • $7.089 billion was PPG’s industrial coatings revenue in 2023.[18]
  • $280 million was PPG’s announced investment in an Ohio automotive coatings facility expansion in 2026.[20]

Differentiation in the industrial coatings industry

  • 45.1% was the general industrial segment’s share of the global industrial coatings market in 2025.[21]
  • More than 140 people were employed by WEILBURGER Graphics before its acquisition by Stahl.[22]
  • 4.1% is the projected compound annual growth rate for the global industrial coatings market from 2026 to 2033.[21]
  • 55 people were employed by Shingels, a Spanish developer and manufacturer of aluminum coil coatings acquired by Sherwin-Williams.[23]
  • 317 company-operated branches supported Sherwin-Williams’ global Performance Coatings Group distribution model in 2025.[18]
  • 42.0% was Asia Pacific’s revenue share of the global industrial coatings market in 2025.[21]

Mergers and acquisitions in the industrial coatings industry

  • $70 million was WEILBURGER Graphics’ sales in 2023 before its acquisition by Stahl.[22]
  • $294 million was the reported enterprise value of Axalta’s acquisition of CoverFlexx Group in July 2024.[24]
  • $310 million was the reported enterprise value of MAVCO Investments and Avenue Capital’s acquisition of Hubergroup in November 2024.[24]
  • $310 million was the reported enterprise value of Qemetica’s acquisition of PPG Silicas Products in August 2024.[24]
  • $4.35 billion was the reported enterprise value of Nippon Paint Holdings’ acquisition of AOC in March 2025.[24]
  • $620 million was the reported enterprise value of American Industrial Partners’ acquisition of Veolia’s North American sulfuric-acid-regeneration business in July 2024.[24]

Strategic partnerships in the industrial coatings industry

  • 4 coating layers were explicitly named in the BASF Coatings and Li Auto cooperation scope: e-coat, basecoat, clearcoat and more.[25]
  • 2025 was the year Covestro and Nippon Paint expanded their strategic partnership from automotive coatings to broader industrial applications in China.[26]
  • 20 years was the age of PlusCoat’s business when it formed a strategic partnership with PPG in 2025.[27]
  • 2016 was the year AkzoNobel and Winning Shipping began their Chinese marine-coatings partnership.[28]
  • 4,000 employees was allnex’s global workforce when it signed the Nippon Paint strategic cooperation agreement in 2025.[29]
  • 2026 was the year in which AkzoNobel’s expanded Winning Shipping collaboration covered a significant volume of drydocking projects.[28]

07 Statistics

People & Workforce

Workforce metrics track engagement, turnover, and training capacity across major suppliers. PPG employee turnover is reported at 20.9% globally in 2023.

Hiring in the industrial coatings industry

  • 13,967 people worked in New York’s U.S. paint and coatings industry in 2024.[3]
  • 312,000 workers were employed across the U.S. paint and coatings industry in 2024.[3]
  • 45,299 people worked in California’s U.S. paint and coatings industry in 2024.[3]
  • 42,000 people were directly employed by U.S. paint and coating manufacturers in 2024.[3]
  • 878 part-time temporary employees were hired by Sherwin-Williams in 2024 globally.[30]

Employee retention in the industrial coatings industry

  • PPG’s overall employee turnover rate was 20.9% globally in 2023.[27]
  • 80% of Sherwin-Williams employees gave a favorable response to recommending the company as a workplace in 2024.[30]
  • BASF’s global employee turnover rate was 7.5% in 2025.[25]
  • PPG’s involuntary employee turnover rate was 6.0% globally in 2025.[27]
  • BASF’s global employee turnover rate was 7.2% in 2024.[25]

Remote Work in the chemicals and materials sector (sector benchmark)

  • Across U.S. remote-capable employees, 25% worked exclusively remotely in August 2026.[31]
  • Among U.S. energy, natural-resources and chemicals workers, 25% preferred mostly remote work in 2025.[32]
  • Across U.S. chemical and pharmaceutical manufacturing employers, 5.7% of positions were fully remote in 2024.[33]
  • Among U.S. energy, natural-resources and chemicals workers, 8% preferred fully remote work in 2025.[32]

Hybrid Work in the chemicals and materials sector (sector benchmark)

  • Across U.S. hybrid employees, 48% said their team had not discussed a formal or informal collaboration plan in 2026.[31]
  • Across U.S. remote-capable employees, 61% preferred a hybrid work arrangement in November 2025.[31]
  • Across U.S. remote-capable employees, 54% worked in a hybrid arrangement in August 2026.[31]
  • U.S. hybrid employees spent an average of 46% of their workweek on-site in 2026.[31]
  • Across U.S. chemical and pharmaceutical manufacturing employers, 44.5% of positions were fully hybrid in 2024.[33]

Upskilling in the industrial coatings industry

  • PPG has held the annual ERGO CUP ergonomic-risk competition since 2004.[27]
  • 100% of Sherwin-Williams employees were eligible to receive performance reviews in 2024, subject to limited short-tenure exceptions.[30]
  • PPG launched an enterprise learning-needs assessment in 2024 to identify critical skills and align learning programs with business goals.[27]
  • 2,941 people were in BASF vocational training programs globally at December 31, 2024.[25]
  • 2,663 people were in BASF vocational training programs globally at December 31, 2025.[25]

Employee Engagement in the chemicals and materials sector (sector benchmark)

  • Across best-practice organizations recognized by Gallup, 70% of employees were engaged in 2025.[31]
  • Across employees in the United States and Canada, 31% were engaged at work in 2025.[31]
  • Across employees worldwide, 20% were engaged at work in 2025.[31]
  • Among global managers, 22% were engaged at work in 2025, compared with 19% of non-managers.[31]
  • Across employees in the United States, 32% were engaged at work in 2025.[31]

DEI in the industrial coatings industry

  • 26% of Sherwin-Williams’ management workforce was women in 2024.[30]

08 Statistics

Customer & Sales

Industrial-coatings demand is measured through sales geographies, customer enablement, and purchasing priorities. PPG Industrial Coatings net sales totaled $6.687 billion in 2024.

Customer experience in the industrial coatings industry

  • 13 principal manufacturing and distribution facilities were listed for PPG’s industrial-coatings operations in 2024.[18]
  • 56% of surveyed coatings professionals reported that supply-chain issues had been resolved in the 2024 Coatings World industry survey.[34]
  • 27% of surveyed coatings professionals still reported supply-chain issues in the 2024 Coatings World industry survey.[34]
  • 45 customer training centers supported Axalta customers worldwide in 2024.[18]
  • 45% of coatings professionals rated quality as their most important purchasing concern in the 2024 Coatings World survey.[34]

Customer retention in the industrial coatings industry

  • PPG’s Industrial Coatings segment income was $646 million in 2022.[18]
  • Axalta’s top ten customers represented approximately 20% of Performance Coatings net sales in 2024.[18]
  • PPG Industrial Coatings net sales totaled $6.687 billion in 2024, providing a customer-retention scale indicator for the segment.[18]
  • PPG’s Industrial Coatings segment income was $968 million in 2023.[18]
  • PPG Industrial Coatings net sales totaled $7.089 billion in 2023.[18]

Customer acquisition in the industrial coatings industry

  • PPG maintained alliances with Kansai Paints for Japanese automotive OEM customers in North America and Europe in 2024.[18]
  • PPG Industrial Coatings generated $778 million in Latin America sales in 2025.[18]
  • PPG Industrial Coatings generated $2.210 billion in United States and Canada sales in 2025.[18]
  • PPG industrial coatings were sold to appliances, agricultural and construction equipment, consumer electronics, building products, kitchenware and transportation customers in 2024.[18]
  • Axalta’s 45 customer training centers provided an acquisition and onboarding channel for coatings users in 2024.[18]

Customer loyalty in the industrial coatings industry

  • 39% of coatings producers said quality was customers’ most important concern in the 2024 Coatings World industry survey.[34]
  • 37% of coatings producers said price was customers’ most important concern in the 2024 Coatings World industry survey.[34]
  • 50% of coatings professionals were very confident about industry growth over the following two years in the 2024 Coatings World survey.[34]

Lead generation in the industrial coatings industry

  • 45% of chemicals, coatings and materials websites used paid advertising in the 2026 B2B manufacturing marketing study.[35]
  • 35% of chemicals, coatings and materials websites used LinkedIn in the 2026 B2B manufacturing marketing study.[35]

09 Statistics

Marketing & Brand

Trade media and B2B channels are quantified through visits, newsletter delivery, and social followings. FinishingAndCoating.com recorded 2.2 million annual unique visits in 2025.

Marketing in the industrial coatings industry

  • 40,000 monthly website visitors formed CoatingsPro Magazine’s industrial-coatings marketing audience in 2024.[36]
  • 5,600+ industry professionals received FinishingAndCoating.com’s weekly newsletter in 2025.[37]
  • 33% of surveyed coatings-industry professionals worked in R&D formulation in 2024.[34]
  • 28% of surveyed coatings-industry professionals worked in sales or marketing management in 2024.[34]
  • 34% of surveyed coatings-industry professionals worked at companies with more than 500 employees in 2024.[34]

Branding in the industrial coatings industry

  • 2.2 million annual unique visits were recorded by FinishingAndCoating.com in 2025.[37]
  • 81% of FinishingAndCoating.com readers said industry content helped make their purchasing decisions in 2025.[37]
  • 86% of FinishingAndCoating.com readers held senior-level or management titles in 2025.[37]
  • 21,000+ unique annual readers formed FinishingAndCoating.com’s North American coatings audience in 2025.[37]
  • 92% of FinishingAndCoating.com readers had purchasing influence in at least one company category in 2025.[37]

Social media in the industrial coatings industry

  • 83,123 LinkedIn followers were recorded for PPG Industrial Coatings in 2026.[38]
  • 14,783 social-media followers were reported by CoatingsPro Magazine in 2024.[36]

Influencer Marketing in the chemicals and materials sector (sector benchmark)

  • Across B2B companies, 43% of marketers reported outstanding results from influencer programs in the 2025 B2B Influencer Marketing Report.[39]
  • Across B2B companies, 81% of marketers had a dedicated influencer-marketing budget in a September 2024 U.S. survey of firms with at least 100 employees.[40]
  • In U.S. manufacturing, 19% of marketers used influencer marketing among paid channels in the prior 12 months, according to a 2025 industry benchmark.[41]
  • Across B2B companies, 29% of marketers planned to adopt influencer marketing within the following year in a March 2025 Ipsos survey.[42]
  • Across B2B companies, 56% of marketers identified social-media posts as the most effective influencer-program content type in a September 2024 U.S. survey.[40]

10 Statistics

Operations & Execution

Execution metrics tie investments to capacity, delivery goals, and quality systems. Mueller Coatings sets a 95% or greater on-time-delivery objective.

Process optimization in the industrial coatings industry

  • 33 rectifiers were installed by Norm Coating in Turkey to reduce energy consumption in electrolytic-plating operations in 2025.[43]
  • 2.5 million units per year is Norm Coating’s powder-coating capacity following its 2025 production-line investments in Turkey.[43]
  • $3.6 million is AkzoNobel’s 2024 investment to increase capacity and efficiency at its Garcia coil-coatings facility in Mexico.[2]
  • 750,000 square metres per year is Norm Coating’s zinc and zinc-nickel coating capacity after its 2025 Sakarya expansion in Turkey.[43]
  • 88.6 acres is the area of Da Ban Technology’s Changxing coatings factory in China, which uses automated dispensing for industrial and specialty coatings.[12]

Operational efficiency in the industrial coatings industry

  • 11,600 employees worked in BASF Coatings at approximately 70 sites worldwide in 2024.[25]
  • $245 million was PPG’s 2025 expenditure for property and acquisitions in its Industrial Coatings segment.[18]
  • 100,000 square feet is the planned size of PPG’s Delaware expansion associated with advanced automation and digital manufacturing.[20]
  • NOK 34.2 billion was Jotun’s group sales in 2024 across its global paints and coatings operations.[44]
  • 67 companies formed Jotun’s global corporate network in 2024, with operations spanning decorative, marine, protective and powder coatings.[44]

Quality management in the industrial coatings industry

  • 90,000-plus body shops were served by the combined AkzoNobel and Axalta refinish coatings businesses in 2024.[18]
  • 95% or greater is Mueller Coatings’ on-time-delivery objective for its coating customers.[5]
  • 14 of the top 15 global automotive OEMs were customers of the combined AkzoNobel and Axalta coatings businesses in 2024.[18]
  • 4 facilities at Coatings Management Corporation operate under an ISO 9001:2015 quality-management system.[45]
  • 100% of Coatings Management Corporation’s finishing lines are fully automated, according to its quality-management description.[45]

Supply chain in the industrial coatings industry

  • 8% of AkzoNobel’s 2024 raw-material spend was allocated to solvents.[2]
  • 36% of AkzoNobel’s 2024 raw-material spend was allocated to resins for paints and coatings.[2]
  • 46% of AkzoNobel’s value-chain emissions were upstream in 2024, reflecting the importance of supplier-side activities.[2]
  • 14% of AkzoNobel’s 2024 raw-material spend was allocated to pigments and colorants.[2]
  • 11% of AkzoNobel’s 2024 raw-material spend was allocated to packaging for paints and coatings.[2]

Outsourcing / Offshoring in the chemicals and materials sector (sector benchmark)

  • Across North American specialty chemicals, 50% of customer respondents were actively pushing onshoring projects in 2025.[46]
  • Across North American specialty chemicals, 43% of customer respondents actively drove onshoring projects with suppliers and achieved some success in 2025.[46]
  • Across 22 EU countries and Norway, 72.8% of enterprises engaged in international sourcing moved business functions to other EU countries during 2021–2023.[47]
  • Across North American specialty chemicals, 100% of customer respondents allocated only 0–25% of company capital expenditure to reshoring projects in 2025.[46]
  • Across 22 EU countries and Norway, 34.1% of enterprises engaged in international sourcing cited labour-cost reduction as a motivation during 2021–2023.[47]

11 Statistics

Finance & Pricing

Profitability and pricing effects are tracked through segment revenue moves and margin signals. PPG Industrial Coatings sales declined 2.4% in 2025 to $6.524 billion.

Pricing strategy in the industrial coatings industry

  • 7.0% price-and-mix growth lifted Axalta Performance Coatings sales in 2023 versus 2022, globally.[18]
  • 10% price-and-mix growth was reported by Axalta in the second quarter of 2022 across its portfolio, including Industrial Coatings.[18]
  • 3% lower selling prices reduced PPG Industrial Coatings sales in 2024 versus 2023, globally.[18]
  • 2.9% price-and-mix growth increased Axalta Mobility Coatings sales in 2023 versus 2022, globally.[18]
  • 8.5% growth was achieved by CIN’s Protective Coatings business in 2024 versus 2023, supporting its value-based portfolio strategy.[48]

Cost reduction in the industrial coatings industry

  • $14.7 million of additional inventory charges affected Axalta in 2023 because of obsolescence, quality and manufacturing yield losses.[18]
  • $60 million of PPG’s targeted annualized cost savings was expected in 2025, globally.[49]
  • $175 million of annualized pretax savings was targeted by PPG’s October 2024 cost-reduction program after full implementation, globally.[49]
  • $60 million of PPG cost savings was planned for 2025 as part of a multiyear restructuring program.[18]
  • $7 million lower depreciation and amortization reduced PPG Industrial Coatings’ cost base in 2024 versus 2023.[18]

Profitability in the industrial coatings industry

  • $1.181 billion was PPG Industrial Coatings’ segment EBITDA in 2023, globally.[18]
  • 38.5% higher segment EBITDA lifted PPG Industrial Coatings in 2023 versus 2022, globally.[18]
  • 24.3% was Axalta Performance Coatings’ adjusted EBITDA margin in 2024, globally.[18]
  • $646 million was PPG Industrial Coatings’ segment income in 2022, globally.[18]
  • 7.7% lower segment income affected PPG Industrial Coatings in 2024 versus 2023, globally.[18]

Financial planning in the industrial coatings industry

  • $175 million of annualized pretax savings was PPG’s planned financial benefit from its 2024 cost-reduction program, globally.[49]
  • €486 million was BASF Coatings’ 2024 sales to third parties before the portfolio reclassification.[50]
  • €470 million was BASF Surface Technologies’ 2024 EBITDA before special items, including Coatings before divestiture.[50]
  • €203 million was BASF Surface Technologies’ 2024 EBIT before special items, including Coatings before divestiture.[50]
  • 40% was BASF’s planned equity stake in the new coatings entity after the transaction, globally.[50]

12 Statistics

Product & Service

Product and service footprints emphasize R&D allocation and technical support coverage. PPG allocated 2.8% of annual net sales to research and development in 2025.

Product development in the industrial coatings industry

  • 91 global research-and-development centers were projected for the Axalta–AkzoNobel combination, based on 2024 metrics.[11]
  • 4 major technology centers supported Axalta’s global coatings development activities in 2025.[11]
  • 4 technology centers support Axalta’s development of products and processes for industrial and other coatings customers worldwide.[51]
  • 2.8% of PPG’s annual net sales was allocated to research and development in 2025 globally.[18]
  • Approximately 4,200 research fellows, scientists and engineers were projected for the Axalta–AkzoNobel combination, based on 2024 metrics.[11]

Product lifecycle in the industrial coatings industry

  • 15% was Hempel’s hazardous-raw-material-intensity reduction target for 2024 versus 2022.[52]
  • 5.3% was the 2024 real growth rate forecast for global OEM industrial-coatings demand in the ACA model.[3]
  • 35.5% was the 2025 global industrial-coatings revenue share attributed to waterborne technology.[21]
  • 42.0% was Asia-Pacific’s share of global industrial-coatings revenue in 2025.[21]
  • 41% of AkzoNobel’s 2024 sales came from sustainably advantaged products, according to its reported product portfolio measure.[53]

After-sales in the industrial coatings industry

  • 100,000-plus customers relied on Axalta’s coating products and services in 2024.[51]
  • 120-plus countries were covered by Sherwin-Williams’ industrial-coatings operations and localized service network.[30]
  • 1,200-plus Coatings Advisors provided Jotun’s on-site technical expertise for long-term asset protection in 2025.[44]
  • 5,000 approximately independent local distributors supported Axalta’s global coatings customer network in 2024.[11]
  • Over 200 assembly plants worldwide received Axalta products and services in 2025.[11]

Value proposition in the industrial coatings industry

  • $893 million was PPG Industrial Coatings’ segment income in 2024.[18]
  • 13.9% was AkzoNobel Performance Coatings’ adjusted EBITDA margin in 2025.[2]
  • $6.687 billion was PPG Industrial Coatings’ net sales in 2024.[18]
  • $19.53 billion was the forecast U.S. industrial-coatings market revenue for 2030.[54]
  • $96.7 billion was the estimated global industrial-coatings market size in 2025.[21]

13 Statistics

Sustainability & Ethics

Sustainability reporting is quantified via emissions, energy, and circularity measures. Stahl reported 39% lower Scope 1 and 2 emissions than the 2021 baseline in 2024.

Sustainability in the industrial coatings industry

  • More than 40 UK coatings manufacturing sites participated in the British Coatings Federation’s Coatings Care program in 2023.[55]
  • 87% of UK coatings sites surveyed reported no injuries in 2023.[55]
  • 70% of total waste was recycled by 22 consistently reporting UK coatings companies in 2023.[55]
  • 12% less energy was used per tonne of production in the UK coatings sector in 2023 than in 2022.[55]
  • Up to 3 LEED credits can be supported by eligible Sherwin-Williams powder-coating systems in the LEED v4.1 framework.[23]

ESG in the industrial coatings industry

  • 39% lower Scope 1 and 2 emissions than the 2021 baseline were reported by Stahl for 2024.[56]
  • More than 60% of Sherwin-Williams’ largest supplier group had Scope 1 and 2 reduction commitments in 2024.[30]
  • 80% of Sherwin-Williams’ purchased raw-material emissions were covered by its emissions inventory over the two years preceding 2024.[30]
  • 10% lower VOC-emissions intensity than its 2019 baseline was achieved by Axalta in 2024.[51]
  • 3.20 tonnes of CO2e per tonne produced was Stahl’s Scope 3 intensity in 2024, including ICP Industrial.[57]

Ethics in the industrial coatings industry

  • Three core principles—safety, integrity and sustainability—guide AkzoNobel’s sustainability approach in 2024.[2]
  • 80% of AkzoNobel’s upstream carbon emissions were represented by suppliers participating in its sustainability scorecard program in 2023.[2]
  • 22 UK coatings companies provided consistent five-year data for the British Coatings Federation’s 2023 analysis.[55]
  • 87% of sites surveyed by the British Coatings Federation reported no injuries in 2023.[55]
  • 45 key performance indicators were used to monitor health, safety and environmental performance in the UK coatings sector’s voluntary Coatings Care program in 2023.[55]

CSR in the industrial coatings industry

  • Living Wage certification was held by Stahl in 2024.[56]
  • 10% lower VOC-emissions intensity than its 2019 baseline was achieved by Axalta in 2024, reducing impacts on communities near manufacturing operations.[51]
  • 377 Stahl products had lifecycle-assessment or product-carbon-footprint data available in 2024, supporting customer sustainability disclosures.[56]
  • 87% of participating UK coatings sites reported no injuries in 2023, an employee-welfare result recorded through the sector’s Coatings Care program.[55]
  • 58% lower emissions than the 2013 baseline were reported by Beckers at the end of 2024 as part of its climate and community-responsibility program.[58]

Circular economy in the industrial coatings industry

  • 52.9% of AkzoNobel’s 2024 waste was classified as hazardous.[59]
  • 73.9% of AkzoNobel’s materials were reported as circularly used in 2024.[59]
  • 96.9 kilotons of waste were generated by AkzoNobel in 2024.[59]
  • 38.7% of Sherwin-Williams’ total waste was recycled in 2024.[60]
  • 47.1% of Sherwin-Williams’ hazardous waste was recycled in 2024.[60]

Carbon footprint in the industrial coatings industry

  • 31% lower Scope 3.1 emissions than the 2021 baseline were reported by Stahl in 2024.[56]
  • 68,905 metric tonnes of Scope 2 CO2e were reported by AZZ in fiscal 2024.[61]
  • 3.20 tonnes of CO2e per tonne produced was Stahl’s Scope 3 emissions intensity in 2024, including ICP Industrial.[57]
  • 39% lower Scope 1 and 2 emissions than the 2021 baseline were reported by Stahl in 2024.[56]
  • 49,334 metric tonnes of Scope 2 CO2e came from AZZ’s Precoat Metals segment in fiscal 2024.[61]

15 Statistics

Globalization & Expansion

Expansion is tracked through multi-country distribution, store counts, and regional sales. Sherwin-Williams reports 120-plus countries covered by its Performance Coatings Group in 2024.

Globalization in the industrial coatings industry

  • €1.365 billion was AkzoNobel’s 2024 Powder Coatings revenue worldwide.[66]
  • $1.797 billion of PPG Industrial Coatings sales came from Asia Pacific in 2024.[18]
  • 118 manufacturing facilities were operated by RPM across five global regions in fiscal 2025.[18]
  • $2.371 billion of PPG Industrial Coatings sales came from the United States and Canada in 2024.[18]
  • 120-plus countries were covered by Sherwin-Williams’ Performance Coatings Group in 2024.[18]

Cultural adaptation in the industrial coatings industry

  • 18% of Axalta’s workforce was located in Asia Pacific in 2024.[18]
  • 45 customer training centers supported Axalta’s coatings customers across markets in 2024.[18]
  • 334 specialty paint stores served Latin American markets for Sherwin-Williams in 2024.[18]
  • 16 net new Latin American stores were added by Sherwin-Williams in 2024.[18]
  • 45% of Axalta’s workforce was located in the Americas in 2024.[18]

Supplier management in the industrial coatings industry

  • 22.0% of Sherwin-Williams’ total assets were held by foreign subsidiaries at December 31, 2024.[18]
  • $20 million of savings came from Axalta’s 2024 Transformation Initiative.[18]
  • 2,500 suppliers were included in RPM’s global supplier sustainability program in fiscal 2025.[67]
  • 35% of RPM’s consolidated gross-profit-margin improvement in fiscal 2025 was attributed to MAP 2025 initiatives including procurement.[18]
  • 7% was Axalta’s year-over-year reduction in variable costs in 2024, reflecting supply-chain and operating improvements.[18]

Stakeholder management in the industrial coatings industry

  • 51 consecutive years of increasing cash dividends were recorded by RPM through fiscal 2025.[18]
  • 4,773 company-owned stores supported Sherwin-Williams’ customer-facing distribution network in 2024.[18]
  • 2,800 net body-shop wins were recorded by Axalta in 2024.[18]
  • $40 million of new Industrial business wins were reported by Axalta in 2024.[18]
  • 49% was Axalta’s reduction in total recordable incident rate over the two years through 2024.[18]

Distribution channels in the industrial coatings industry

  • 40%–50% of global industrial-liquid-coatings volume was estimated to move through distributors in the cited market study.[68]
  • 60 EMEAI branches and facilities supported Sherwin-Williams’ regional operations in 2024.[18]
  • 4,773 company-operated specialty paint stores formed Sherwin-Williams’ controlled distribution network in 2024.[18]
  • 16 net new Latin American Sherwin-Williams stores were added during 2024.[18]
  • 2 new Sherwin-Williams Performance Coatings branches were added globally in 2024.[18]

Key questions about the industrial coatings industry

What is the industrial coatings market size in 2025 and 2026?
The global industrial coatings market was valued at $96.7 billion in 2025. It is estimated at $100.1 billion in 2026.
How fast is the market expected to grow from 2026 to 2033?
The market forecast implies a 4.1% CAGR from 2026 to 2033. It is projected to reach $132.5 billion by 2033.
Which companies lead the industrial coatings industry?
Jotun leads Gitnux's 2026 industrial coatings ranking with an Overall score of 9.4, with operating margin 20.6% for Performance Coatings steel protection. The Sherwin-Williams Company is the runner-up at 9.1, driven by revenue growth 2.1% across global paints and coatings product lines.
What technology shifts are cited for industrial coatings?
Manufacturers are shifting toward water-borne, low-VOC and higher-performance systems. Water-borne coatings held a 35.2% revenue share in 2025.
How concentrated is the coatings market globally, and what differs in Asia-Pacific?
ChemQuest estimates the top 10 global coating manufacturers represented 44% of the global coatings market in 2024. Asia-Pacific was served by regional manufacturers, with more than 80% of demand served regionally.
How is pricing described in the industrial coatings market?
Pricing has been mixed rather than uniformly inflationary. PPG reported its 2025 industrial-coatings sales declined 2.4% to $6.524 billion due to lower selling prices and an offset from volume increases.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Industrial Coatings Industry Statistics. Gitnux. https://gitnux.org/industrial-coatings-industry-statistics
MLA
Samuel Norberg. "Industrial Coatings Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/industrial-coatings-industry-statistics.
Chicago
Samuel Norberg. 2026. "Industrial Coatings Industry Statistics." Gitnux. https://gitnux.org/industrial-coatings-industry-statistics.

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