Question 1

How much is the specialty coatings market worth?

Accepted Answer

Industry size for specialty coatings was USD 3.2 billion in 2022 and is anticipated to witness over 3.8% CAGR between 2023 and 2032 due to rising adoption in wide range of industries and applications to render protection, durability, and aesthetics.

Question 2

Why are solvent-based specialty coatings gaining traction?

Accepted Answer

The solvent-based coatings technology garnered 29.7% of the specialty coatings industry share in 2022 owing to higher adoption in demanding applications to offer robust performance.

Question 3

Who are the major specialty coatings business players?

Accepted Answer

Some of the prominent specialty coating providers are PPG Industries, AkzoNobel, Sherwin-Williams, Axalta Coating Systems, RPM International Inc., and BASF SE.

Question 4

What factors are driving North America specialty coatings industry growth?

Accepted Answer

North America held 29.4% share of the specialty coatings market in 2022 driven by the robust presence of well-established industries and the strong focus on innovation and technology.

Specialty Coatings Market Share

Specialty Coatings Market Share

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