Protective Coatings Market Size

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. In the year 2025, the industry size of protective coatings is estimated at USD 23.7 billion. The primary factor that is attributed for the market growth is the expansion of construction industry in the recent period. The recent data revealed that in 2020, the 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. Therefore, the demand of protective coatings is also expected to rise steadily in the forecast period. As a result, the employment rate in the construction sector is anticipated to grow. The increment in employment rate in the construction industry is further projected to increase the sales of protective coatings in the forecast period. Recent calculations stated that there were almost 10 million construction workers in the United States, approximately 8% of the total working population as of 2021.