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The Performance Coatings Market Size was valued at USD 50.11 billion in 2023 and is expected to reach USD 77.73 billion by 2032 and grow at a CAGR of 5.00% over the forecast period 2024-2032.
In developing regions, the rapid increase in construction activities is the major factor contributing to the demand for performance coatings. Urbanization is placing a certain amount of pressure on developing regions, causing them to grow and, thus, contribute to the increased number of developments. Industrial, residential, and commercial construction projects require suitable protection from UV, moisture, and corrosion, which is where performance industrial coatings are indispensable, designed to protect structures from the impact of the environment and weather conditions of a specific region. As a result, the newfound interest in urbanization, construction, and development in general is bound to drive forward the demand for performance coatings. At the current pace, the trend will be gaining momentum, especially since a more sustainable type of performance coatings is now gaining recognition among construction companies.
For instance, in emerging nations, construction investment has increased over the last ten years at an average annual pace of over 5%, according to the World Bank. For instance, the Smart Cities Mission's infrastructure projects and affordable housing initiatives propelled India's construction spending growth in 2022, according to the Ministry of Housing and Urban Affairs.
One of the core factors contributing to the demand for industrial performance coatings is the rapid growth of manufacturing sectors all over the world. With the ongoing industrialization, especially in emerging economies, various facilities have started to arise in order to accommodate the guidelines of such related areas as automobile Industry, electronics, heavy machinery, etc. The distinguished feature of their working environment is that pieces of equipment and structures operating there have to face particularly hazardous conditions, including ultra-high and low temperatures, different chemicals, as well as constant pressure either during use or due to the immense weight of the materials processed or developed.
For instance, in 2023 Targeting the automotive and heavy equipment production industries, Axalta unveiled its newest line of high-performance, low-VOC industrial coatings. This new product range offers improved protection against chemical exposure and mechanical wear while complying with strict environmental laws.
Additionally, with the rise of advanced manufacturing techniques and the need for higher precision and durability, the demand for specialized coatings that can withstand these rigorous conditions is increasing. This trend highlights the critical role of industrial performance coatings in supporting the continuous growth and sustainability of the global manufacturing sector.
Market Dynamics:
Drivers
The marine industry has seen an increase in demand for performance coating.
The primary reason why demand for performance coatings in the marine industry is growing is the necessity to protect vessels and offshore structures more effectively against harsh marine conditions. They play an important role in limiting regular touch-up or full reapplications demanded by intense exposure to saltwater, ultraviolet radiation, and mechanical damage. The rise in investment in the marine sector is encouraged by governments worldwide that see the purpose of preserving infrastructure.
According to the International Maritime Organization, global spending on maintenance and repair of vessels was growing each year. In 2022 it registered a 4.20% growth, which was primarily attributed to new regulations in the area of environmental protection and vessel maintenance.
Moreover, a company focused on using new technology such as, in 2022, Hempel introduced its hempaguard max coating system, which offers enhanced fuel efficiency and extended service intervals for marine vessels. The system has been shown to reduce fuel consumption by up to 10%, contributing to both cost savings and environmental benefits. These developments highlight the marine industry's growing reliance on advanced performance coatings to meet the increasing demands for durability, efficiency, and environmental compliance.
Restrain
To cut down on VOC emissions, solvent-based adhesives and varnishes are no longer used.
To reduce the environmental impact of volatile organic compounds (VOCs), the use of solvent-based adhesives and varnishes has significantly declined across various industries. VOCs are harmful chemicals that can evaporate into the air during the application and drying processes, contributing to air pollution and posing health risks. In response to stricter environmental regulations and growing awareness of sustainability, industries have shifted towards water-based or low-VOC alternatives that offer similar performance without the harmful emissions.
By Type
The polyurethane, type held the largest market share around 34.45% in 2023. This dominance is due to their superior properties, which make them highly desirable across various industries. It offers excellent durability, resistance to abrasion, and flexibility, making it ideal for demanding applications in aerospace, automotive, and industrial settings. Their ability to withstand harsh environmental conditions, including UV radiation and chemical exposure, further contributes to their widespread use. This versatility and performance advantage have positioned polyurethane as the leading choice in the performance coatings segment, overshadowing other types like silicon, polyester, acrylic, alkyd, and fluoropolymer coatings.
By Coating Technology
The water-based held the largest market share around 40.13% in 2023. This preference is primarily driven by increasing environmental regulations and a growing emphasis on sustainability. Waterborne coatings are favored for their lower volatile organic compound (VOC) emissions compared to solvent-based options, making them more environmentally friendly. They also offer advantages such as easier cleanup, reduced health risks, and compatibility with a broad range of substrates.
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By End-user Industry
The Industrial sector held the largest share among end-user industries. This dominance is attributable to the broad application of performance coatings in various industrial settings, where they are used to protect and enhance equipment, machinery, and infrastructure. Industrial environments often expose surfaces to harsh conditions, including high levels of wear, chemical exposure, and extreme temperatures, necessitating robust coating solutions that provide durability and longevity. Performance coatings used in industrial applications include those for anti-corrosion, chemical resistance, and high-performance finishes.
Regional Analysis:
North America held the highest market share in the performance coatings market around 42.21% in 2023.It is due to several key factors, including strong demand across diverse industries such as automotive, aerospace, marine, and construction. The region's advanced manufacturing infrastructure and high investment in research and development have enabled the production of innovative, high-performance coatings that meet stringent regulatory standards. The automotive and aerospace sectors, in particular, have driven demand for performance coatings, as manufacturers seek to enhance durability, corrosion resistance, and aesthetic appeal. Additionally, the region's focus on sustainability has accelerated the adoption of eco-friendly coatings, supported by government regulations and incentives. The presence of major industry players like PPG Industries, Sherwin-Williams, and Axalta Coating Systems, which are continuously investing in new technologies and expanding their product portfolios, has also reinforced North America's leadership in the market.
Key Players:
PPG Industries Inc. (US), Nippon Paint Holdings Co. Ltd (Japan), Kansai Nerolac Paints Limited (India), Akzo Nobel NV (Netherlands), Metal Coatings Corp. (US), Endura Coatings LLC (US), The Chemours Company (US), Toefco Engineered Coating Systems Inc. (US), Beckers Group (Germany), AFT Fluorotec Ltd (UK), The Sherwin-Williams Company (US), Hempel Group (Denmark).
In 2023, AkzoNobel introduced a new line of sustainable marine coatings aimed at reducing carbon emissions and improving vessel efficiency.
In 2023, BASF introduced a bio-based performance coating for the packaging industry, utilizing renewable raw materials. This innovation underscores BASF's commitment to sustainability and provides a solution that meets the industry's increasing demand for eco-friendly packaging materials.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 50.11 Billion |
| Market Size by 2032 | US$ 77.73 Billion |
| CAGR | CAGR of 5.00% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Silicon, Polyester, Acrylic, Alkyd, Polyurethane, Fluoropolymer, Other) • By Coating Technology (Solvent-based, Water-based, Powder-based) • By End-user Industry (Automotive and Transportation, Industrial, Aerospace & Defense, Marine, Other End- user Industries) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | PPG Industries Inc. (US), Nippon Paint Holdings Co. Ltd (Japan), Kansai Nerolac Paints Limited (India), Akzo Nobel NV (Netherlands), Metal Coatings Corp. (US), Endura Coatings LLC (US), The Chemours Company (US), Toefco Engineered Coating Systems Inc. (US), Beckers Group (Germany), AFT Fluorotec Ltd (UK), The Sherwin-Williams Company (US), Hempel Group (Denmark) |
| Key Drivers | • Rising demand coming from the automobile sector. • The marine industry is seeing an increase in demand for performance coating. |
| RESTRAINTS | • To cut down on VOC emissions, solvent-based adhesives and varnishes are no longer used. |
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Rising demand coming from the automobile sector and The marine industry is seeing an increase in demand for performance coating are the drivers for Performance Coatings Market.
Ans: Corrosion injury are the challenge for Performance Coatings Market.
Ans: Performance Coatings Market Size was valued at USD 50.11 billion in 2023, and expected to reach USD 77.73 billion by 2032, and grow at a CAGR of 5.00 % over the forecast period 2024-2032.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Performance Coatings Market Segmentation, by Type
7.1 Chapter Overview
7.2 Silicon
7.2.1 Silicon Market Trends Analysis (2020-2032)
7.2.2 Silicon Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Polyester
7.3.1 Polyester Market Trends Analysis (2020-2032)
7.3.2 Polyester Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Acrylic
7.4.1 Acrylic Market Trends Analysis (2020-2032)
7.4.2 Acrylic Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Alkyd
7.5.1 Alkyd Market Trends Analysis (2020-2032)
7.5.2 Alkyd Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Polyurethane
7.6.1 Polyurethane Market Trends Analysis (2020-2032)
7.6.2 Polyurethane Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Fluoropolymer
7.7.1 Fluoropolymer Market Trends Analysis (2020-2032)
7.7.2 Fluoropolymer Market Size Estimates and Forecasts to 2032 (USD Billion)
7.8 Other
7.8.1 Other Market Trends Analysis (2020-2032)
7.8.2 Other Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Performance Coatings Market Segmentation, by Coating Technology
8.1 Chapter Overview
8.2 Solvent-based
8.2.1 Solvent-based Market Trends Analysis (2020-2032)
8.2.2 Solvent-based Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Water-based
8.3.1 Water-based Market Trends Analysis (2020-2032)
8.3.2 Water-based Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Powder-based
8.4.1 Powder-based Market Trends Analysis (2020-2032)
8.4.2 Powder-based Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Performance Coatings Market Segmentation, by End-user Industry
9.1 Chapter Overview
9.2 Automotive and Transportation
9.2.1 Automotive and Transportation Market Trends Analysis (2020-2032)
9.2.2 Automotive and Transportation Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Industrial
9.3.1 Industrial Market Trends Analysis (2020-2032)
9.3.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Aerospace & Defense
9.4.1 Aerospace & Defense Market Trends Analysis (2020-2032)
9.4.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Marine
9.5.1 Marine Market Trends Analysis (2020-2032)
9.5.2 Marine Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Others
9.6.1 Others Market Trends Analysis (2020-2032)
9.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Performance Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.4 North America Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.2.5 North America Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.6.2 USA Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.2.6.3 USA Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.7.2 Canada Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.2.7.3 Canada Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.2.8.3 Mexico Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Performance Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.1.6.3 Poland Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.1.7.3 Romania Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Performance Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.5 Western Europe Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.6.3 Germany Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.7.2 France Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.7.3 France Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.8.3 UK Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.9.3 Italy Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.10.3 Spain Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.13.3 Austria Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Performance Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.5 Asia Pacific Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.6.2 China Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.6.3 China Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.7.2 India Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.7.3 India Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.8.2 Japan Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.8.3 Japan Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.9.3 South Korea Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.10.3 Vietnam Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.11.3 Singapore Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.12.2 Australia Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.12.3 Australia Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Performance Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.1.5 Middle East Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.1.6.3 UAE Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Performance Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.4 Africa Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.2.5 Africa Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Performance Coatings Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.4 Latin America Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.6.5 Latin America Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.6.6.3 Brazil Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.6.7.3 Argentina Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.6.8.3 Colombia Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Performance Coatings Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Performance Coatings Market Estimates and Forecasts, by Coating Technology (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Performance Coatings Market Estimates and Forecasts, by End-user Industry (2020-2032) (USD Billion)
11. Company Profiles
11.1 PPG Industries Inc.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Nippon Paint Holdings Co. Ltd
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Kansai Nerolac Paints Limited
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Akzo Nobel NV
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Metal Coatings Corp.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Endura Coatings LLC
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 The Chemours Company
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Toefco Engineered Coating Systems Inc.
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Beckers Group
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Hempel Group
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Silicon
Polyester
Acrylic
Alkyd
Polyurethane
Fluoropolymer
Other
By Coating Technology
Solvent-based
Water-based
Powder-based
By End-User Industry
Automotive and Transportation
Industrial
Aerospace & Defense
Marine
Other
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Polyurethane Foams Market size was USD 46.5 billion in 2023 and is expected to reach USD 86.3 Billion by 2032, growing at a CAGR of 7.1% from 2024-2032.
The Chitosan Market Size was valued at USD 12.7 billion in 2023 and is expected to reach USD 71.5 billion by 2032 and grow at a CAGR of 21.2% by 2024-2032.
Energy Efficient Building Market was valued at USD 129.63 billion in 2023 and is expected to reach USD 226.61 billion by 2032 at a CAGR of 6.41% from 2024-2032.
The Metal Powder Market size was USD 6.9 billion in 2023 and is expected to reach USD 12.3 billion by 2032 and grow at a CAGR of 6.7% over the forecast period of 2024-2032.
Mosquito Repellent Market size was USD 7.14 billion in 2023 and is expected to reach USD 11.64 billion by 2032, growing at a CAGR of 5.58% from 2024-2032.
Electronic Chemicals CDMO & CRO Market was valued at USD 0.45 Bn in 2023 and is expected to reach USD 0.81 Bn by 2032, at a CAGR of 6.80% from 2024 to 2032.
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