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The industrial maintenance coatings market size is estimated at USD 4,070 million in 2020 and is projected to reach USD 4,947 million by 2025, at a CAGR of 4.0%, between 2020 and 2025.
The increasing demand for environmentally-friendly coatings, the need for efficient process and durable coatings with better mechanical properties, need to reduce maintenance and growing demand from the Asia Pacific region are expected to drive the industrial maintenance coatings market. However, difficulty in obtaining thin films in powder coatings and the requirement of more drying time for water-based coatings are the major restraining factors for the market.