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High-performance Coatings Market Size – By Type, Coating Technology, End User Industry Analysis, Share, Growth Forecast, 2024 - 2032

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High-performance Coatings Market Size

The global high-performance coatings market size was valued at USD 12.7 billion in 2023 and is estimated to grow at a CAGR of over 6.2% from 2024 to 2032. The market is vale-driven by modern infrastructure and industrial uses. The growth of cities and industries across the globe has fueled the demand for superior coatings which are highly durable, chemically resistant and have environmental protection features.
 

high-performance coatings market

Infrastructure developments such as bridges, airports, highways and commercial buildings, require coatings capable of enduring harsh environmental conditions and being in contact with extreme temperatures, ultraviolet rays, and chemicals for a long period of time.

 

High-performance Coatings Market Trends

Furthermore, the industrial uses such as oil and gas, power, and chemical industries require coatings on machinery, pipes, and equipment which are of high-quality and offer protection from corrosion and physical wearing. The need of high quality long-lasting materials has accelerated expenditure on performance driven coating technologies to meet the requirements of sustainability and low maintenance. There is a growing demand for high-performance coating in industries such as automobile, aeronautics, construction, and industrial manufacturing.


High-performance coatings specially made for public structures such as bridges and buildings face harsh conditions because infrastructure is already a sector that is in demand. Their use is essential to prevent damage from corrosion, wear and extreme environmental obstacles. In the automotive and aerospace industries, there is a rise in lightweight coatings as most businesses strive to cut down fuel usage and emissions, thereby leading to an increased need for high strength to weight ratio coatings.
 

High-performance Coatings Market Analysis

The high cost of raw materials is a significant constraint in the market for high-performance coatings. Many elements of these advanced coatings, including the specialized resins, pigments, and additives, have witnessed upward price shifts due to the dynamics of the global supply chains and political activities around the world. This increased material costs affects the overall pricing of high-performance coatings, making them inaccessible for some segments of end users, especially in sensitive industry verticals.

Furthermore, the dependence on certain raw materials which are obtained from limited number of suppliers exposes the supply chain to such vulnerabilities. Natural disasters, political unrest, or policy shift can lead disruption in supply which could cause increase price instability.
 

High-performance Coatings Market Size, By Type, 2021 - 2032 (USD Billion)

According to the categories, the market is divided into epoxy, polyurethane, acrylic, polyester, fluoropolymer, silicon and the rest.  Epoxy dominated the market by generating USD 3.7 billion in in 2023. Owing to superior adhesion and chemical bond strength, epoxy coatings epoxy coatings outperform all other methods of surface preparation and application when used in highly demanding environments which call for exceptional performance.
 

These coatings offer excellent protection against corrosion and are therefore widely used in the industrial and marine environments. The ability of epoxy to be formulated into various types such as primers, topcoats, and adhesives increases their usability attractiveness in a wide range of industries.
 

High-performance Coatings Market Revenue Share, By Coating Technology, (2023)

The high-performance coatings market is classified by coating technology into powder and solvent-based and water-based coatings. Solvent-based coatings have captured a market segment of 49.1% in 2023. High-performance coatings are dominated by solvent-based formulations because of their excellent painting characteristics and durable, attractive smooth surfaces. They have outstanding adhesion to most substrates and unmatched chemical resistance, which is crucial for complex industrial uses. Some water-based formulations are not as effective in severe conditions. Solvent-based products also dry quickly, which improves their performance. Their application scope is wide and includes spraying and brushing on surfaces.

Based on end user industry, the high-performance coatings market is categorized into building and construction, automotive and transportation, aerospace and defense, marine, and others. The building and construction segment accounts for the largest share of the market at 33.9% in 2023. The building and construction industry is a leading consumer in the high performance coatings market as there is an increasing demand for protective as well as decorative coatings on buildings and other related infrastructures.
 

They have become essential for structures to be assured against adverse weather conditions, intensively high or low temperatures, and chemical agents’ effects. The need and focus on infrastructure expansion and renewal activities around the globe has also contributed positively to the need of upgrading coatings to newer and advanced sustainable ones. In addition, growing focus within this sector on energy efficiency and green construction practices further increases the use of such paints.
 

U.S. High-performance Coatings Market Size, 2021- 2032 (USD Billion)

In 2023, the U.S. high performance coatings market was valued at USD 2.4 billion. The U. S. high performance coatings market is one of the key markets and highly valued due to the construction infrastructure in America. As technology improves and there are more laws for durability and environmental performance, the demand for advanced coatings in automotive, aerospace, and construction continues to rise. The key manufactures’ presence and focus on R&D also benefits the country’s market growth. Moreover, the change to eco-friendly and low-VOC formulations is changing the market which is stimulating such innovations from the companies.


With the help of a well-established manufacturing infrastructure and tremendous economic growth, the region witnesses relatively stable expansion. As many construction activities burgeon, the end-user base in multiple industries increases, which benefits the naive high performance coatings market in North America. Because there are regulations that are not flexible and are mostly environmental, demand for high quality coatings that perform better is prevalent in the region.
 

High-performance Coatings Market Share

Akzo Nobel, Beckers Group, Daikin Industries, Endura Coatings, and Kansai Nerolac Paints are leaders in the market owing to their breadth of experience, creativity, and international reach in this field. Beckers Group is a leader in the high-performance coil coatings market, offering creative products for the building and construction industry. Their products are designed with beauty in mind as well as protection, which helps to achieve more sustainable uses because of less frequent reapplications.
 

High-performance Coatings Market Companies

Major players operating in the high-performance coatings industry are: 

• Akzo Nobel
• Beckers Group
• Daikin Industries
• Endura Coatings
• Kansai Nerolac Paints
• Metal Coatings
• Nippon Paint
• PPG Industries
• Sherwin-Williams
• Toefco Engineered Coating Systems

 

High-performance coatings Industry News

• In September 2023, Dow Launches Novel Silicone Release Coatings. The company is actively marketing its advanced silicone release coatings, alongside its comprehensive portfolio of hot melt silicone adhesives, acrylics, and other label products designed to function within the framework of a circular economy.

• In March 2022, Sherwin-Williams Lanch Sturdy Ultra-High-Solids Epoxy CUI-Mitigation Coating for Improved Corrosion Resistance Under Insulation.
 

The high-performance coatings market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2032, for the following segments:

Market, By Type

  • Epoxy
  • Polyurethane
  • Acrylic
  • Polyester
  • Fluoropolymer
  • Silicon
  • Others (polyether sulfone (PES), vinyl-ester)

Market, By Coating Technology

  • Solvent-based
  • Water-based
  • Powder-based

Market, By End User Industry

  • Building and construction
  • Automotive and transportation
  • Aerospace & defense
  • Marine
  • Others (industrial, consumer goods)

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Kiran Pulidindi , Manish Verma
Frequently Asked Question(FAQ) :
Who are the major players in the high-performance coatings industry?
Major players in the industry include Akzo Nobel, Beckers Group, Daikin Industries, Endura Coatings, Kansai Nerolac Paints, Metal Coatings, Nippon Paint, PPG Industries, Sherwin-Williams, and Toefco Engineered Coating Systems.
How much is the U.S. high-performance coatings market worth?
What is the market share of epoxy coatings in the high-performance coatings industry?
How big is the global high-performance coatings market?
High-performance Coatings Market Scope
  • High-performance Coatings Market Size
  • High-performance Coatings Market Trends
  • High-performance Coatings Market Analysis
  • High-performance Coatings Market Share
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    Premium Report Details

    Base Year: 2023

    Companies covered: 10

    Tables & Figures: 240

    Countries covered: 18

    Pages: 310

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