Performance Coatings Market Expects To Reach US$ 160.7 Billion By 2032

The market for performance coatings is projected to reach US$ 95.9 billion in 2022 and is projected to grow at a CAGR of 5.3% from 2022 to 2032. Any product's surface can normally receive a performance coating, which can serve both aesthetic and practical objectives. These coatings are used to give the applied product a variety of performance enhancements.

These advantages could include anti-fouling, temperature resistance, UV absorption, anti-reflection, sealing and waterproofing, gloss and lustre protection, and more.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4272?PS

In addition, the trend in performance coatings' water-borne compositions shifted as a result of international environmental restrictions regarding hazardous compounds. As the global trend for interior and exterior coatings has changed, so too has the aesthetic performance of polyurethane and fluoropolymer. In turn, this helps to support the expansion of the mid-term market.

Additionally, many major players have started working on newer products to replace the outdated PTFE coating in order to offer better advantages like reduced spalling, anti-spatter properties, and other performance improvements like harsh temperature & weather resistance as well as long-term durability.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

The global performance coatings market is projected to expand at an impressive CAGR of 5.3% and be valued at US$ 160.7 billion by 2032
The market witnessed a 4.7% CAGR for the period of 2017-2021
Under resin, the epoxy resin in performance coatings dominates the market and is valued at US$ 35.5 billion in 2022
APAC dominated the market with a 45.9% market share in 2021
Europe is estimated to hold a market share of 21.2% in the year 2022, and North America is anticipated to hold a market share of 19.6% in the year 2022
China has a commanding position in the market and is expected to have a market share of 15.5% in 2022

𝐄𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫'𝐬 𝐊𝐞𝐲 𝐒𝐭𝐫𝐚𝐭𝐚𝐠𝐞𝐦𝐬

Key players such as BASF, Sherwin-Williams, & Nippon Paint Holdings are approaching ahead with a strategic mix of both organic and inorganic strategies such as strategic capacity expansions in target markets. A multitude of product launches and numerous acquisitions in the competing market to reduce competition, improve its existing global presence and diversify its product portfolio to offer customized solutions as per the client's requirements.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

PPG Industries
Akzo Nobel N.V.
Axalta Coating Systems Ltd
Nippon Paint Holding Co. Ltd.
BASF SE
The Valspar Corporation
Jotun A/S

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

By Resin:
Polyurethane
Acrylic
Polyester
Epoxy
Others
By Formulation Type:
Water-borne
Solvent-borne
By End-User:
Transportation
Consumer Goods
Buildings and Infrastructure
Industrial
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4272?PS

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the global performance coatings market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of resin (polyurethane, acrylic, polyester, epoxy, and others), formulation type (water-borne and solvent-borne), end-user (transportation, consumer goods, buildings and infrastructure, and industrial), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 ( 𝐈𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐍𝐨. 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 - 𝟗𝟑 & 𝐍𝐨. 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬- 𝟏𝟏𝟐 )

1. Performance Coatings Market - Executive Summary

2. Market Overview

2.1. Market Definition and Introduction

2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data

3.1. Green Building Trends

3.2. Investment Feasibility Matrix

3.3. Product Lifecycle

3.4. Opportunities for enterprises

3.5. Global Real Estate Health Monitor

3.6. Global Aerospace Industry

3.7. Regulatory Compliances w.r.t. VOC

3.8. Global Automotive Industry

3.9. Performance Coatings: Apparent Production & Consumption Analysis

3.9.1. Production Capacity (Tons)

3.9.1.1. By Key Regions

3.9.1.2. By Key Companies

3.9.2. Consumption Statistics

3.9.3. Apparent Trade Analysis

3.10. Performance Coatings Market Opportunity Assessment

3.10.1. Total Available Market (US$ million)

3.10.2. Serviceable Addressable Market (US$ million)

3.10.3. Serviceable Obtainable Market (US$ million)

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This release was published on openPR.