The Global Coating Materials Market size was estimated at USD 164.00 billion in 2021 and is expected to hit around USD 241.32 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2031.
Global Coating Materials Market: Breakup by Region, (USD Billion) 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The worldwide coating materials market is a vibrant and sizable business that includes a broad spectrum of goods utilised in a variety of sectors for both ornamental and protective purposes. Coating materials are substances that are used on surfaces to improve their look, function, and durability. These materials are essential to several industries, including electronics, automotive, construction, and aerospace. The market offers a wide range of coatings, including paints, lacquers, varnishes, and specialty coatings, all of which are designed to satisfy particular needs and environmental circumstances.
The growing demand from the infrastructure and building sectors is one of the main factors propelling the growth of the worldwide coating materials market. The need for protective coatings to shelter structures from environmental elements, including corrosion, weathering, and chemical exposure, is growing as urbanisation and industry continue to develop globally. Furthermore, the automobile sector makes a substantial contribution to the market, with coatings being essential in improving the cars' aesthetic appeal and resistance to corrosion.
Several significant developments are now influencing the dynamics of the global coating materials industry. First and foremost, environmentally friendly and sustainable coatings are becoming more and more important. Manufacturers have been forced to create coatings with reduced volatile organic compounds (VOCs), water-based formulations, and bio-based ingredients due to environmental awareness and strict restrictions. This trend is in line with international initiatives to lessen environmental effects and represents a larger industry shift towards greener solutions.
Another noteworthy development in the coating materials market is the growing uptake of cutting-edge technology. Particularly, nanotechnology is becoming more and more popular since it makes it possible to create high-performance coatings with improved toughness, resistance to corrosion, and special features. These developments address the changing demands of consumers in industries like electronics, automotive, and aerospace, where excellent coating qualities are essential.
The need for smart coatings is also rising in the market. These coatings are made to react to outside stimuli such as changes in temperature, exposure to light, or mechanical stress. With features like self-healing, anti-fouling, and anti-corrosion, smart coatings are used in a variety of sectors and improve the longevity and efficiency of coated surfaces.
Recent Developments:
The global coating materials market has witnessed a noteworthy emphasis on innovation in response to the growing need for sustainable solutions. Businesses are spending money on R&D to create coatings that use renewable and biobased materials and have less of an impact on the environment. These developments are in line with the global movement towards eco-friendly activities, which is being fueled by stricter laws and increased public awareness. Low-VOC formulations and water-based coatings are becoming more popular, which reflects the industry's dedication to more environmentally friendly options.
Furthermore, there has been a noticeable increase in strategic alliances and collaborations within the business. In order to pool resources and knowledge, coating material makers are collaborating with IT firms, academic organisations, and other industry participants. These partnerships seek to solve issues including shortages of raw materials, expedite supply chains, and boost innovation. In addition, by working together, the development of innovative coatings with improved performance attributes that cater to the changing demands of various end-use sectors is made easier.
Table of Content
Global Coating Materials Market Research Report, 2020-2031.
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Market Dynamics
3.1. Market driver analysis
3.2. Market restraint analysis
3.3. Market Opportunity
3.4. Market Challenges
3.5. Impact analysis of COVID-19 on the Coating Materials Market
Chapter 4. Market Variables and Outlook
4.1. SWOT Analysis
4.1.1. Strengths
4.1.2. Weaknesses
4.1.3. Opportunities
4.1.4. Threats
4.2. Supply Chain Analysis
4.3. PESTEL Analysis
4.3.1. Political Landscape
4.3.2. Economic Landscape
4.3.3. Social Landscape
4.3.4. Technological Landscape
4.3.5. Environmental Landscape
4.3.6. Legal Landscape
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitute
4.4.4. Threat of New Entrant
4.4.5. Competitive Rivalry
Chapter 5. Coating Materials Market: Coating Material Estimates & Trend Analysis
5.1. Coating Materials Market value share and forecast, (USD Billion) (2020 to 2031)
5.2. Incremental Growth Analysis and Infographic Presentation
5.3. Paints
5.3.1. Market Size & Forecast, (USD Billion) 2020-2031
5.4. Varnishes
5.4.1. Market Size & Forecast, (USD Billion) 2020-2031
5.5. Primers
5.5.1. Market Size & Forecast, (USD Billion) 2020-2031
5.6. Powder Coatings
5.6.1. Market Size & Forecast, (USD Billion) 2020-2031
5.7. Others
5.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 6. Coating Materials Market: Resin Type Estimates & Trend Analysis
6.1. Coating Materials Market value share and forecast, (USD Billion) (2020 to 2031)
6.2. Incremental Growth Analysis and Infographic Presentation
6.3. Acrylic
6.3.1. Market Size & Forecast, (USD Billion) 2020-2031
6.4. Epoxy
6.4.1. Market Size & Forecast, (USD Billion) 2020-2031
6.5. Polyurethane
6.5.1. Market Size & Forecast, (USD Billion) 2020-2031
6.6. Alkyd
6.6.1. Market Size & Forecast, (USD Billion) 2020-2031
6.7. Polyester
6.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 7. Coating Materials Market: End-Use Industry Size Estimates & Trend Analysis
7.1. Coating Materials Market value share and forecast, (USD Billion) (2020 to 2031)
7.2. Incremental Growth Analysis and Infographic Presentation
7.3. Automotive
7.3.1. Market Size & Forecast, (USD Billion) 2020-2031
7.4. Construction
7.4.1. Market Size & Forecast, (USD Billion) 2020-2031
7.5. Aerospace
7.5.1. Market Size & Forecast, (USD Billion) 2020-2031
7.6. Marine
7.6.1. Market Size & Forecast, (USD Billion) 2020-2031
7.7. Electronics
7.7.1. Market Size & Forecast, (USD Billion) 2020-2031
7.8. Others
7.8.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 8. Coating Materials Market: Technology Estimates & Trend Analysis
8.1. Coating Materials Market value share and forecast, (USD Billion) (2020 to 2031)
8.2. Incremental Growth Analysis and Infographic Presentation
8.3. Water-Based Coatings
8.3.1. Market Size & Forecast, (USD Billion) 2020-2031
8.4. Solvent-Based Coatings
8.4.1. Market Size & Forecast, (USD Billion) 2020-2031
8.5. UV-Cured Coatings
8.5.1. Market Size & Forecast, (USD Billion) 2020-2031
8.6. Powder Coatings
8.6.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 9. Coating Materials Market: Regional Estimates & Trend Analysis
9.1. Coating Materials Market value share and forecast, (USD Billion) (2020 to 2031)
9.2. Incremental Growth Analysis and Infographic Presentation
9.3. North America
9.3.1. Market Size & Forecast, (USD Billion) 2020-2031
9.4. Europe
9.4.1. Market Size & Forecast, (USD Billion) 2020-2031
9.5. Asia Pacific
9.5.1. Market Size & Forecast, (USD Billion) 2020-2031
9.6. Middle East & Africa
9.6.1. Market Size & Forecast, (USD Billion) 2020-2031
9.7. Latin America
9.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 10. Coating Materials Market: Country Estimates & Trend Analysis
10.1. Coating Materials Market value share and forecast, (USD Billion) (2020 to 2031)
10.2. Incremental Growth Analysis and Infographic Presentation
10.3. U.S.
10.3.1. Market Size & Forecast, (USD Billion) 2020-2031
10.4. Canada
10.4.1. Market Size & Forecast, (USD Billion) 2020-2031
10.5. Mexico
10.5.1. Market Size & Forecast, (USD Billion) 2020-2031
10.6. UK
10.6.1. Market Size & Forecast, (USD Billion) 2020-2031
10.7. France
10.7.1. Market Size & Forecast, (USD Billion) 2020-2031
10.8. Germany
10.8.1. Market Size & Forecast, (USD Billion) 2020-2031
10.9. Russia
10.9.1. Market Size & Forecast, (USD Billion) 2020-2031
10.10. Italy
10.10.1. Market Size & Forecast, (USD Billion) 2020-2031
10.11. Spain
10.11.1. Market Size & Forecast, (USD Billion) 2020-2031
10.12. China
10.12.1. Market Size & Forecast, (USD Billion) 2020-2031
10.13. India
10.13.1. Market Size & Forecast, (USD Billion) 2020-2031
10.14. Japan
10.14.1. Market Size & Forecast, (USD Billion) 2020-2031
10.15. Indonesia
10.15.1. Market Size & Forecast, (USD Billion) 2020-2031
10.16. South Korea
10.16.1. Market Size & Forecast, (USD Billion) 2020-2031
10.17. Australia
10.17.1. Market Size & Forecast, (USD Billion) 2020-2031
10.18. Brazil
10.18.1. Market Size & Forecast, (USD Billion) 2020-2031
10.19. Argentina
10.19.1. Market Size & Forecast, (USD Billion) 2020-2031
10.20. Saudi Arabia
10.20.1. Market Size & Forecast, (USD Billion) 2020-2031
10.21. UAE
10.21.1. Market Size & Forecast, (USD Billion) 2020-2031
10.22. South Africa
10.22.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Vendor Landscape
11.3. Competition Dashboard
Chapter 12. Company Profiles
12.1. Business Overview, Product Landscape, Financial Performanceand Company
Strategies for below companies
12.2. PPG Industries
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Geographic Footprint
12.2.5. Strategic Initiatives
12.3. Akzo Nobel
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Geographic Footprint
12.3.5. Strategic Initiatives
12.4. Sherwin-Williams
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Geographic Footprint
12.4.5. Strategic Initiatives
12.5. Axalta Coating Systems
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Geographic Footprint
12.5.5. Strategic Initiatives
12.6. BASF SE
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Geographic Footprint
12.6.5. Strategic Initiatives
12.7. Nippon Paint Holdings
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Geographic Footprint
12.7.5. Strategic Initiatives
12.8. RPM International Inc.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Geographic Footprint
12.8.5. Strategic Initiatives
12.9. Kansai Paint Co., Ltd.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Geographic Footprint
12.9.5. Strategic Initiatives
12.10. Jotun Group
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Geographic Footprint
12.10.5. Strategic Initiatives
12.11. Hempel A/S
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Geographic Footprint
12.11.5. Strategic Initiatives
12.12. Valspar Corporation
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Geographic Footprint
12.12.5. Strategic Initiatives
12.13. Asian Paints Limited
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Geographic Footprint
12.13.5. Strategic Initiatives
12.14. Berger Paints India Limited
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Geographic Footprint
12.14.5. Strategic Initiatives
12.15. Masco Corporation
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Geographic Footprint
12.15.5. Strategic Initiatives
12.16. 3M Company
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Benchmarking
12.16.4. Geographic Footprint
12.16.5. Strategic Initiatives
Chapter 13. Conclusion
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