Please Wait.....
Report
Advanced Coating Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Market Report I 2024-12-04 I 180 Pages I Global Market Insights
The Global Advanced Coating Market was valued at USD 79.7 billion in 2023 and is expected to experience robust growth, projected to expand at a CAGR of 6.1% from 2024 to 2032. The market faced temporary disruptions due to supply chain challenges, workforce shortages, and a slowdown in industrial activities across key sectors such as automotive, aerospace, and construction. Manufacturers struggled with delays stemming from limited raw material availability and interrupted production schedules. Despite these setbacks, the healthcare and electronics sectors maintained steady demand, driven by the increasing need for protective coatings in medical devices and consumer electronics.
The metal coatings segment was a major contributor to the global market, generating USD 24.5 billion in revenue in 2023. It is expected to grow at a CAGR of 6.6% through 2032. Demand for corrosion-resistant coatings is increasing, especially in industries that require superior protection from harsh environmental conditions. These coatings are known for their ability to improve durability, reduce maintenance costs, and provide long-term resistance to rust, wear, and chemical exposure, making them highly sought after for machinery, vehicles, and infrastructure applications.
In terms of applications, the industrial and construction segment captured a 31% share of the market in 2023. It is expected to grow at a robust CAGR of 6.8% from 2024 to 2032. The need for advanced coatings that protect infrastructure and equipment from corrosion, weathering, and physical damage is driving the growth in this sector. Additionally, the rise in large-scale infrastructure projects further increases the demand for coatings that enhance durability and performance, ensuring the longevity of buildings, bridges, roads, and other critical structures.
Meanwhile, the automotive and aerospace segments are also set to grow significantly, with an anticipated CAGR of 6.4%. The demand for coatings in these sectors is driven by the need for high-performance coatings that can withstand extreme conditions, improve fuel efficiency, and extend the lifespan of vehicles and aircraft.
The U.S. advanced coating market was valued at USD 18.5 billion in 2023 and is projected to grow at a CAGR of 6.6% between 2024 and 2032. The U.S. market benefits from rapid advancements in coating technologies and the growing adoption of coatings in industries like automotive, aerospace, and electronics. There is also an increasing focus on sustainable and energy-efficient coatings, which align with broader environmental goals. Innovations in nano-coatings and smart coatings are contributing to the growth, as these technologies offer superior performance, extended durability, and better environmental compatibility, thus attracting more consumers and industries alike.
Report Content
Chapter 1Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2Executive Summary
2.1 Industry synopsis, 2021-2032
Chapter 3Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technological overview
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing demand for durable, high-performance coatings
3.7.1.2 Advancements in coating technologies, including nano-coatings and smart coatings
3.7.1.3 Growing preference for eco-friendly coatings
3.7.2 Industry pitfalls & challenges
3.7.2.1 High costs associated with production
3.7.2.2 Stringent environmental and regulatory laws
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis
Chapter 4Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5Market Estimates & Forecast, By Type, 2021-2032 (USD Billion) (Thousand Square Feet)
5.1 Key trends
5.2 Metal coatings
5.3 Ceramic coatings
5.4 Polymer coatings
5.5 Nano coatings
5.6 Others
Chapter 6Market Estimates & Forecast, By Technology, 2021-2032 (USD Billion) (Thousand Square Feet)
6.1 Key trends
6.2 Thermal Spray Coatings
6.3 Physical Vapor Deposition (PVD)
6.4 Chemical Vapor Deposition (CVD)
6.5 Electroplating and Electroless Plating
6.6 Powder coatings
6.7 Liquid coatings
6.8 Others
Chapter 7Market Estimates & Forecast, By Substrate, 2021-2032 (USD Billion) (Thousand Square Feet)
7.1 Key trends
7.2 Metal
7.3 Plastic
7.4 Glass
7.5 Ceramic
7.6 Wood
7.7 Others
Chapter 8Market Estimates & Forecast, By Functionality, 2021-2032 (USD Billion) (Thousand Square Feet)
8.1 Key trends
8.2 Protective coatings
8.3 Aesthetic & smart coatings
Chapter 9Market Estimates & Forecast, By Application, 2021-2032 (USD Billion) (Thousand Square Feet)
9.1 Key trends
9.2 Automotive & aerospace
9.3 Industrial & construction
9.4 Healthcare & electronics
9.5 Energy & marine
9.6 Others
Chapter 10Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Thousand Square Feet)
10.1 Key trends
10.2 North America
10.2.1U.S.
10.2.2Canada
10.3 Europe
10.3.1UK
10.3.2Germany
10.3.3France
10.3.4Italy
10.3.5Spain
10.4 Asia Pacific
10.4.1China
10.4.2Japan
10.4.3India
10.4.4South Korea
10.4.5Australia
10.4.6Malaysia
10.4.7Indonesia
10.5 Latin America
10.5.1Brazil
10.5.2Mexico
10.6 MEA
10.6.1UAE
10.6.2Saudi Arabia
10.6.3South Africa
Chapter 11Company Profiles
11.1 AkzoNobel N.V.
11.2 Asian Paints
11.3 Axalta Coating Systems
11.4 BASF SE
11.5 Beckers Group
11.6 Dulux Powder & Industrial Coating
11.7 Evonik Industries
11.8 Hempel A/S
11.9 Jotun Powder Coatings
11.10 Kansai Paint Co., Ltd.
11.11 Nippon Paint Holdings Co., Ltd.
11.12 PPG Industries
11.13 RPM International Inc.
11.14 Sherwin-Williams Company
11.15 The Valspar Corporation
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security