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Major players operating in the specialty coatings industry include:
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
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.
Some of the prominent specialty coating providers are PPG Industries, AkzoNobel, Sherwin-Williams, Axalta Coating Systems, RPM International Inc., and BASF SE.
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.
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.