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Chemical Resistant Coating Market Trends

Report ID: GMI12301
Published Date: Nov 2024
Report Format: PDF

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Chemical Resistant Coating Market Trends

The chemical resistant coatings market is experiencing several key trends. One significant trend is the shift towards environmentally friendly coatings, with a growing preference for water-based and low-VOC (volatile organic compounds) products, driven by stringent environmental regulations. Additionally, technological advancements have led to the development of more durable and long-lasting coatings, particularly for industrial and marine applications. The increased use of fluoropolymer and epoxy-based coatings is also notable, as these materials offer superior resistance to chemicals and corrosion.

Moreover, the market is seeing growth due to the rising demand from the oil & gas and construction sectors globally. Finally, smart coatings with self-healing and anti-corrosive properties are emerging as an innovative trend, providing enhanced protection in harsh environments.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for chemical-resistant coating was valued at USD 7.4 billion in 2024 and is projected to reach USD 10.7 billion by 2034, driven by a CAGR of over 3.7% from 2025 to 2034.

Epoxy resin generated USD 2.6 billion in revenue in 2024 and is expected to reach USD 3.7 billion by 2034, driven by its excellent adhesion, chemical resistance, and durability.

The U.S. market was valued at USD 1.9 billion in 2024, driven by its robust industrial base and stringent environmental regulations.

Major players include Akzonobel, BASF, Daikin Industries, Hempel, Jotun, Kansai Paint, PPG Industries, RPM International, Sika AG, and The Sherwin-Williams Company.