Product Code: GVR-4-68041-041-3
Storage Tank Coatings Market Summary
The global storage tank coatings market size was valued at USD 3.8 billion in 2025 and is projected to grow from USD 4.1 billion in 2026 to USD 6.9 billion by 2033, at a CAGR of 7.8% from 2026 to 2033. Asia Pacific dominated the market, accounting for a revenue share of 31.1% in 2025. Market growth is driven by rising demand for advanced corrosion protection solutions across oil and gas, chemical and petrochemical, water and wastewater, food and beverage, and power sectors.
In addition, market growth is further fueled by the increasing focus on extending storage asset life and reducing maintenance costs, and by the growing adoption of high-performance coating technologies due to their superior barrier properties, enhanced durability, and improved chemical and environmental resistance.
Growing investments in storage infrastructure and increasing emphasis on corrosion prevention are driving the adoption of advanced coatings across industrial sectors. Applications across oil and gas, chemical and petrochemical, water and wastewater, food and beverage, power and utilities, and other end uses are gaining traction as asset owners seek to enhance coating performance, extend tank service life, reduce maintenance requirements, and improve resistance against harsh environmental and operating conditions.
Global Storage Tank Coatings Market Report Segmentation
This report forecasts volume & revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global storage tank coatings market report based on resin, technology, and region:
- Resin Outlook (Volume, Kilotons; Revenue, USD Billion, 2021 - 2033)
- Epoxy
- Vinyl Ester
- Unsaturated Polyester (UPR)
- Polyurethane
- Fluoropolymers
- Polyurea
- Others Resins
- Technology Outlook (Volume, Kilotons; Revenue, USD Billion, 2021 - 2033)
- Solvent-borne
- Water-borne
- Radiation Cured
- Powder
- High Solids
- Other Technologies
- Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2021 - 2033)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.4. Information Analysis
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.6.1. Research Scope & Assumptions
- 1.6.2. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Storage Tank Coatings Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Analysis
- 3.1.2. Accessible Market Assessment
- 3.1.2.1. Total Addressable Market (TAM)
- 3.1.2.2. Serviceable Addressable Market (SAM)
- 3.1.2.3. Serviceable Obtainable Market (SOM)
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Materials Trend
- 3.2.2. Manufacturing Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Regulatory/Policy Framework
- 3.3.1. Regulatory Impact Assessment
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Global Storage Tank Coatings Market: Resin Estimates & Trend Analysis
- 4.1. Technology Movement Analysis & Market Share, 2025 & 2033
- 4.1.1. Epoxy
- 4.1.1.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Epoxy, 2021 - 2033 (USD Billion) (Kilotons)
- 4.1.2. Vinyl Esters
- 4.1.2.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Vinyl Esters, 2021 - 2033 (USD Billion) (Kilotons)
- 4.1.3. Unsaturated Polyester (UPR)
- 4.1.3.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Unsaturated Polyester (UPR), 2021 - 2033 (USD Billion) (Kilotons)
- 4.1.4. Polyurethane
- 4.1.4.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Polyurethane, 2021 - 2033 (USD Billion) (Kilotons)
- 4.1.5. Fluoropolymers
- 4.1.5.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Fluoropolymers, 2021 - 2033 (USD Billion) (Kilotons)
- 4.1.6. Polyurea
- 4.1.6.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Polyurea, 2021 - 2033 (USD Billion) (Kilotons)
- 4.1.7. Other Resins
- 4.1.7.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Other Resins, 2021 - 2033 (USD Billion) (Kilotons)
Chapter 5. Global Storage Tank Coatings Market: Technology Estimates & Trend Analysis
- 5.1. Technology Movement Analysis & Market Share, 2025 & 2033
- 5.1.1. Solvent-borne
- 5.1.1.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Solvent-borne, 2021 - 2033 (USD Billion) (Kilotons)
- 5.1.2. Water-borne
- 5.1.2.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Water-borne, 2021 - 2033 (USD Billion) (Kilotons)
- 5.1.3. Radiation Cured
- 5.1.3.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Radiation Cured, 2021 - 2033 (USD Billion) (Kilotons)
- 5.1.4. Powder
- 5.1.4.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Powder, 2021 - 2033 (USD Billion) (Kilotons)
- 5.1.5. High Solids
- 5.1.5.1. Global Storage Tank Coatings Market Estimates and Forecasts, by High Solids, 2021 - 2033 (USD Billion) (Kilotons)
- 5.1.6. Other Technologies
- 5.1.6.1. Global Storage Tank Coatings Market Estimates and Forecasts, by Other Technologies, 2021 - 2033 (USD Billion) (Kilotons)
Chapter 6. Global Storage Tank Coatings Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2025 & 2033
- 6.2. North America
- 6.2.1. North America Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.2. North America Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.3. North America Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.4. U.S.
- 6.2.4.1. U.S. Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.4.2. U.S. Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.4.3. U.S. Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.5. Canada
- 6.2.5.1. Canada Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.5.2. Canada Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.5.3. Canada Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.6. Mexico
- 6.2.6.1. Mexico Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.6.2. Mexico Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.2.6.3. Mexico Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3. Europe
- 6.3.1. Europe Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.2. Europe Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.3. Europe Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.4. Germany
- 6.3.4.1. Germany Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.4.2. Germany Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.4.3. Germany Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.5. Italy
- 6.3.5.1. Italy Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.5.2. Italy Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.5.3. Italy Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.6. France
- 6.3.6.1. France Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.6.2. France Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.6.3. France Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.7. UK
- 6.3.7.1. UK Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.7.2. UK Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.7.3. UK Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.8. Spain
- 6.3.8.1. Spain Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.8.2. Spain Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.3.8.3. Spain Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.2. Asia Pacific Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.3. Asia Pacific Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.4. China
- 6.4.4.1. China Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.4.2. China Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.4.3. China Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.5. India
- 6.4.5.1. India Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.5.2. India Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.5.3. India Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.6. Japan
- 6.4.6.1. Japan Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.6.2. Japan Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.6.3. Japan Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.7. South Korea
- 6.4.7.1. South Korea Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.7.2. South Korea Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.4.7.3. South Korea Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5. Latin America
- 6.5.1. Latin America Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.2. Latin America Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.3. Latin America Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.4. Brazil
- 6.5.4.1. Brazil Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.4.2. Brazil Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.4.3. Brazil Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.5. Argentina
- 6.5.5.1. Argentina Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.5.2. Argentina Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.5.5.3. Argentina Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.2. Middle East & Africa Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.3. Middle East & Africa Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Saudi Arabia Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.4.2. Saudi Arabia Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.4.3. Saudi Arabia Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.5. South Africa
- 6.6.5.1. South Africa Storage Tank Coatings Market Estimates and Forecasts, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.5.2. South Africa Storage Tank Coatings Market Estimates and Forecasts, By Resin, 2021 - 2033 (USD Billion) (Kilotons)
- 6.6.5.3. South Africa Storage Tank Coatings Market Estimates and Forecasts, By Technology, 2021 - 2033 (USD Billion) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Development & Impact Analysis, By Key Participants
- 7.2. Company Market Positioning Analysis, 2025
- 7.3. Competitive Categorization
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.5.1. Acquisitions
- 7.5.2. New Launches
- 7.5.3. Collaboration & Partnership
- 7.5.4. Expansion
- 7.5.5. Other Strategies
Chapter 8. Global Storage Tank Coatings Market - Competitive Profiles
- 8.1. Akzo Nobel NV
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmark
- 8.2. PPG Industries
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmark
- 8.3. Sherwin-Williams
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmark
- 8.4. Jotun
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmark
- 8.5. Hempel
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmark
- 8.6. Specialty Polymer Coatings
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmark
- 8.7. HUNI+CO
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmark
- 8.8. Cortec Corporation
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmark
- 8.9. Nippon Paint Holdings
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmark
- 8.10. Axalta Coating Systems
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmark