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Protective Coatings Market Size & Share, by Resins (Acrylic, Epoxy, Polyurethane, Alkyd, Polyester), Technology (Solvent Borne, Water-Borne, Powder Based), End-user (Construction, Oil & Gas, Aerospace, Industrial, Marine, Automotive, Power Generation, Mining) - SWOT Analysis, Competitive Strategic Insights, Regional Trends 2025-2037

  • Report ID: 1314
  • Published Date: Jan 17, 2025
  • Report Format: PDF, PPT

Global Protective Coatings Market Trends, Forecast Report 2025-2037

Protective Coatings Market size is anticipated to expand from USD 22.6 billion to USD 48.66 billion, reflecting a CAGR of around 6.2% during the forecast timeline, from 2025 to 2037. In the year 2025, the industry size of protective coatings is estimated at USD 23.7 billion.

The market growth is attributed to expansion of construction industry in the recent period. According to a data published in 2020, total spending in the U.S. construction sector amounted to be around USD 2 trillion.

Rising population, urbanization, and industrial growth have resulted in the rising need for infrastructure development and construction across the globe, boosting the demand of protective coatings. The increment in employment rate in the construction industry is further projected to increase the sales of protective coatings. There were almost 10 million construction workers in the United States, approximately 8% of the total working population as of 2021.  

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Protective Coatings Sector: Growth Drivers and Challenges

Growth Drivers

  • Growth in Automotive Industry –Protective coatings are the preferred choice in building vehicles to restrict abrasion and wear-resistant. Also, the resistance towards high-temperature, intumescent, and water make protective coatings a vital component in automotive industry. Thus, an expansion in automotive sector is expected to bring lucrative growth opportunities for protective coatings market too. The recent statistics reveal that the global automotive industry is expected to reach approximately USD 9 trillion by 2030.  
  • Rapid Development in Real Estate Sector – As per recent estimates, the revenue generation of real estate companies worldwide stood at approximately USD 10 billion in 2021.
  • High Investments by Companies in R&D Activities – World Bank showed the data of Research and Development expenditure to be 2.63% of total GDP in 2020, up from 2.13% of total GDP in 2017. 
  • Rapid Industrialization and Urbanization - United Nations Organization released the data stating that about 55% of the global population was living in urban areas in 2018, which is forecasted to increase to 68% by 2050.

Challenges

  • Strict Rules Regarding Toxic Nature
  • Rising Concern for Utilizing Volatile Organic Compounds (VOC)
  • Governmental Rules Regarding Adverse Effect on Environment

Protective Coatings Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.2%

Base Year Market Size (2024)

USD 22.6 billion

Forecast Year Market Size (2037)

USD 48.66 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Protective Coatings Segmentation

End-user (Construction, Oil & Gas, Aerospace, Industrial, Marine, Automotive, Power Generation, Mining)

The construction sector is poised to garner highest protective coatings market share by 2037, attributed to rising construction sector for residential, commercial and industrial properties. As per estimations, in 2020, there were almost 100 million single family homes in the U.S.

Our in-depth analysis of the global market includes the following segments:

          By Resins
  • Acrylic
  • Epoxy
  • Polyurethane
  • Alkyd
  • Polyester
  • Others

         By Technology
  • Solvent Borne
  • Water-Borne
  • Powder Based
  • Others

          By End-User
  • Construction
  • Oil & Gas
  • Aerospace
  • Industrial
  • Marine
  • Automotive
  • Power Generation
  • Mining
  • Others

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Protective Coatings Industry - Regional Synopsis

Asia Pacific is expected to hold largest market share by the end of 2037, owing to rapid expansion of construction industry in the region. The building construction industry in Asia Pacific is expected to reach USD 3 million by 2024, with a robust CAGR with 7%. Also, the increased the utilization of protective coatings in vehicles, along with presence of major key players and leading exporters and importers of vehicles in the region will bring lucrative growth opportunities for the market. International Organization of Motor Vehicle Manufacturers (OICA) statistics revealed that the total production of vehicles in the region was 46 million in 2021, a rise from 44 million in 2020.

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Companies Dominating the Protective Coatings Landscape

    • Sika AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • PPG Industries, Inc.
    • Akzo Nobel N.V.
    • Arkema
    • Sherwin-Williams Company
    • Wacker Chemie AG
    • RPM International Inc.
    • Hempel A/S
    • Axalta Coating Systems
    • Kansai Nerolac Paints Limited

In the News

  • Sika AG is all set to acquire MBCC Group, the former BASF Construction Chemicals. The acquisition will complement and broaden the company’s product and solution offerings.
  • PPG Industries, Inc. has launch of PPG PITTHANE ULTRA LS polyurethane topcoat to expand its coating line. This product is formulated for applications in corrosive environments that require low sheen to limit glare and hide surface imperfections.

Author Credits:  Rajrani Baghel


  • Report ID: 1314
  • Published Date: Jan 17, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of protective coatings is estimated at USD 23.7 billion.

The protective coatings market size was valued at USD 22.6 billion in 2024 and is set to cross USD 48.66 billion by the end of 2037, registering more than 6.2% CAGR during the forecast period i.e., between 2025-2037. The rising construction processes along with expansion of automotive industry and high investment in research and development sector will impel the market growth.

Asia Pacific industry is likely to hold largest revenue share by 2037, propelled by rapid expansion of construction industry in the region.

The major players in the market include Sika AG, PPG Industries, Inc., Akzo Nobel N.V., Arkema, Sherwin-Williams Company, Wacker Chemie AG, RPM International Inc., Hempel A/S, Axalta Coating Systems, Kansai Nerolac Paints Limited.
Protective Coatings Market Report Scope

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