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High Performance Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers High Performance Coatings Market Analysis and Major Manufacturers and is segmented by Type (Epoxy, Silicon, Polyester, Acrylic, Alkyd, Polyurethane, Fluoropolymer, and Other Types), Coating Technology (Solvent-based, Water-based, and Powder-based), End-user Industry (Building and Construction, Automotive and Transportation, Industrial, Aerospace and Defense, Marine, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

High Performance Coatings Market Size

high-performance-coatings-market_Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

High Performance Coatings Market

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of High Performance Coatings Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

High Performance Coatings Market Analysis

The high performance coatings market is expected to grow at a CAGR of over 5% during the forecast period. One of the major factorsdriving the market studied includes increasing construction activities in the United States and Asia-Pacific. Solvent-based adhesives are being phased out to reduce VOC emissions;this isexpected to significantly hinder the growth of the market studied.

  • Asia-Pacific is expected to dominate the global market during the forecast period.
  • By end-user industry, the building and construction industry is expected to witness the highest demand for high performance coating during the forecast period.

High Performance Coatings Market Trends

This section covers the major market trends shaping the High Performance Coatings Market according to our research experts:

Growing Demand from Building & Construction Industry

  • High performance coatings provide the following qualities, such as exceptional corrosion protection, abrasion resistance and high resistance to impact, excellent chemical and thermal resistance, extreme durability and strength, and it also contributes to the aesthetics as well.
  • The global construction sector is expected to expand in real terms, by an annual average of 3.2% in the coming decade, to a nominal value of more than USD 6.0 trillion.
  • The rapid increase in population, in regions of developing nations, is expected to give a rise in demand for residential construction, which, in turn, augments the usage of high performance coatings.
  • The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources.
  • In the non-residential construction, the major growth was witnessed in healthcare, commercial, and office buildings. The investment in transportation, communication, and power infrastructure has also witnessed growth in the forecast period. All these factors are expected to improve the demand for the studied market.
High Performance Coatings Market Revenue Share

China to Dominate the Demand in Asia-Pacific Region

  • China is expected to dominate the high performance coatings market in Asia-Pacific and is also likely to witness the fastest growing demand.
  • The market is estimated to witness a healthy growth over the assessment period, due to rising construction activities, along with the high adoption rate from various end-user industries such as, industrial, and aerospace & defense sector.
  • In China, the housing authorities of Hong Kong have launched various measures to push-start the construction of low-cost housing.
  • Additionally, the government has rolled out massive construction plans, including making provision for the movement of 250 million people to its new megacities over the next ten years, despite efforts to rebalance its economy to a more service-oriented form. This is likely to boost the demand for high performance coatings in the country.
  • China is aiming high in the aerospace business. Its focus is on both commercial aircraft, as well as fighter jets. Over the next 20 years, both the European and the American aerospace giants forecast that China would become their biggest single market, due to the demand for new aircraft by Chinese airlines, which are keen to meet the rising middle classes’ desire for air travel.
  • Furthermore, countries such as India and Japan have also been contributing to the growth of the market studied. Overall, the demand for high performance coatings is expected to increase in the during the forecast period.
High Performance Coatings Market Regional Trends

High Performance Coatings Industry Overview

The high performance coatings market is partly consolidated in nature. Some of the major players of the market studied include, PPG Industries Inc., Akzo Nobel NV, Hempel Group, Daikin Industries Ltd, and Sherwin-Williams Company, among others.

High Performance Coatings Market Leaders

  1. PPG Industries Inc.

  2. Akzo Nobel NV

  3. Daikin Industries Ltd.

  4. Hempel Group

  5. The Sherwin-Williams Company

*Disclaimer: Major Players sorted in no particular order

High Performance Coatings - Market Concentration
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High Performance Coatings Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Construction Activities in the United States and Asia-Pacific

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Solvent-based Adhesives are being Phased Out to Reduce VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Threat of Substitute Products and Services

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Bargaining Power of Consumers

      5. 4.4.5 Degree of Competition

    5. 4.5 Environmental Regulations

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Silicon

      3. 5.1.3 Polyester

      4. 5.1.4 Acrylic

      5. 5.1.5 Alkyd

      6. 5.1.6 Polyurethane

      7. 5.1.7 Fluoropolymer

      8. 5.1.8 Other Types (Polyether Sulfone (PES), Vinyl-Ester, etc.)

    2. 5.2 Coating Technology

      1. 5.2.1 Solvent-based

      2. 5.2.2 Water-based

      3. 5.2.3 Powder-based

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Automotive and Transportation

      3. 5.3.3 Industrial

      4. 5.3.4 Aerospace & Defense

      5. 5.3.5 Marine

      6. 5.3.6 Other End- user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 Daikin Industries Ltd

      3. 6.4.3 PPG Industries Inc.

      4. 6.4.4 Kansai Nerolac Paints Limited

      5. 6.4.5 Metal Coatings Corp.

      6. 6.4.6 Toefco Engineered Coating Systems Inc.

      7. 6.4.7 Endura Coatings LLC

      8. 6.4.8 Beckers Group

      9. 6.4.9 Nippon Paint Holdings Co. Ltd

      10. 6.4.10 The Sherwin-Williams Company

      11. 6.4.11 AFT Fluorotec Ltd

      12. 6.4.12 The Chemours Company

      13. 6.4.13 Hempel Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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High Performance Coatings Industry Segmentation

The global high performance coatings market includes:  

Type
Epoxy
Silicon
Polyester
Acrylic
Alkyd
Polyurethane
Fluoropolymer
Other Types (Polyether Sulfone (PES), Vinyl-Ester, etc.)
Coating Technology
Solvent-based
Water-based
Powder-based
End-user Industry
Building and Construction
Automotive and Transportation
Industrial
Aerospace & Defense
Marine
Other End- user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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High Performance Coatings Market Research FAQs

The High Performance Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

PPG Industries Inc., Akzo Nobel NV, Daikin Industries Ltd., Hempel Group and The Sherwin-Williams Company are the major companies operating in the High Performance Coatings Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in High Performance Coatings Market.

The report covers the High Performance Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Performance Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

High Performance Coatings Industry Report

Statistics for the 2024 High Performance Coatings market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. High Performance Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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High Performance Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)