What is the global market size of Protective Coating Market?

Protective Coating Market size was valued at USD 13.8 billion in 2021 and is poised to grow from USD 14.51 billion in 2022 to USD 21.89 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

Who are the key vendors in the Global Protective Coating Market?

The global protective coating market is highly competitive in nature. To maintain a competitive edge, a majority of the protective coatings industry participants are continually implementing various growth strategies. Innovations, mergers and acquisitions, collaborations, and partnerships are some strategies adopted by these players to thrive in this competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'PPG Industries Inc.', 'Akzo Nobel N.V.', 'The Sherwin-Williams Company', 'Axalta Coating Systems LLC', 'Hempel A/S', 'Jotun A/S', 'Nippon Paint Holdings Co. Ltd.', 'BASF SE', 'RPM International Inc.', 'Kansai Paint Co. Ltd.', 'The Valspar Corporation', 'Sika AG', 'Teknos Group Oy', 'Masco Corporation', 'Wacker Chemie AG', 'Asian Paints Limited', 'DAW SE', 'Berger Paints India Limited', 'Noroo Paint & Coatings Co. Ltd.', 'Chugoku Marine Paints Ltd.', 'In March 2021, PPG Industries, Inc. introduced the PPG PITTHANE ULTRA LS high-performance polyurethane topcoat, which is designed for use in corrosive situations where a low sheen is required to reduce glare and cover.', 'In July 2020, Sherwin-Williams Protective & Marine expanded a solution to its FIRETEX passive fire protection coatings range that improves applications and lowers costs for onshore assets by allowing the exact coating surface flaws.'.

Top Protective Coating Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Protective Coating Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Protective Coating industry players.

Protective Coating Market Competitive Landscape

Protective Coating Market Top Player's Company Profiles

PPG Industries Inc.
Akzo Nobel N.V.
The Sherwin-Williams Company
Axalta Coating Systems LLC
Hempel A/S
Jotun A/S
Nippon Paint Holdings Co. Ltd.
BASF SE
RPM International Inc.
Kansai Paint Co. Ltd.
The Valspar Corporation
Sika AG
Teknos Group Oy
Masco Corporation
Wacker Chemie AG
Asian Paints Limited
DAW SE
Berger Paints India Limited
Noroo Paint & Coatings Co. Ltd.
Chugoku Marine Paints Ltd.

Protective Coating Market Recent Developments

In April 2024, Boero YachtCoatings, a top brand known for its paint solutions for superyacht care, made a big move by teaming up with Alliance Marine Group, the leading wholesaler for businesses in Europe. This partnership aims to strengthen Boero YachtCoatings' position in France. The decision to partner with Alliance Marine is a key part of Boero YachtCoatings' plan to grow internationally and become a major player in Europe's boating industry, offering top-notch products to professionals in the field.
In October 2023, DKSH's Performance Materials division, known for distributing specialty chemicals and ingredients, began a major partnership with Vink Chemicals. This marks a significant move forward in their collaboration. DKSH will offer a wide range of services including business development, marketing, sales, logistics, and distribution for Vink Chemicals' biocide products. This partnership strengthens both companies' positions in the market and enhances their ability to serve customers effectively.
In November 2023, PPG Asian Paints, known for its automotive refinish solutions in India, introduced 'Cartisan,' a high-end car detailing and decoration venture. They opened their first flagship center in Pune, located in NIBM. Pune, often dubbed the Detroit of India because of its numerous global automobile manufacturers, serves as a strategic hub for Cartisan's entry into the automotive aesthetic market. The center will cater to Pune city, its suburbs, and neighboring regions, marking a significant move in Cartisan's expansion plans.

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Protective Coating Market size was valued at USD 18.55 Billion in 2024 and is poised to grow from USD 19.55 Billion in 2025 to USD 29.78 Billion by 2033, growing at a CAGR of 5.4% during the forecast period (2026–2033).

The global protective coating market is highly competitive in nature. To maintain a competitive edge, a majority of the protective coatings industry participants are continually implementing various growth strategies. Innovations, mergers and acquisitions, collaborations, and partnerships are some strategies adopted by these players to thrive in this competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'AkzoNobel N.V. (Netherlands)', 'PPG Industries, Inc. (USA) ', 'The Sherwin-Williams Company (USA) ', 'Jotun A/S (Norway) ', 'Hempel A/S (Denmark) ', 'Chugoku Marine Paints Ltd. (Japan) ', 'Nippon Paint Holdings Co., Ltd. (Japan) ', 'Kansai Paint Co., Ltd. (Japan) ', 'RPM International Inc. (USA) ', 'Axalta Coating Systems, LLC (USA) ', 'BASF SE (Germany) ', 'Beckers Group (Sweden) ', 'Teknos Group Oy (Finland) ', 'DAW SE (Germany) ', 'Asian Paints Ltd. (India) ', 'Berger Paints India Ltd. (India) ', 'Masco Corporation (USA)'

Concrete is frequently used in civil engineering structures since it is a durable and robust material. Buildings must also fulfil the owner's and architect's expectations for their aesthetic appeal. By avoiding water infiltration, sealing, and adapting surface cracks, protective coating solutions can increase the concrete's longevity as well as its appearance and color palette. Concrete structures are subjected to a variety of environmental factors, including normal atmospheric carbonation, aggressive influences from polluted urban and industrial environments, marine atmosphere, and liquid or gaseous chemicals. These factors may destroy or weaken the embedded steel or concrete reinforcement depending on their location and use. The two most frequent factors contributing to concrete deterioration and reinforcing corrosion are carbonation and chloride attack.

Electronic devices now come in a variety of sizes and have radically improved performance and mobility. Electronics are everywhere, from wearables and consumer electronics like smartphones and tablets to specialized industrial equipment like automation controls. Components inside of these devices may corrode if they are not adequately shielded from pollutants. As a result, electronic devices operate worse, which increases the risk of electrical shorts and equipment failure. Smaller, more advanced, densely printed circuit boards (PCBs) with high-performance components, LEDs, and a variety of tiny components are making greater use of electronic protective coatings. The coating on electronic protection devices helps shield electronics from contaminants that could shorten their lifespan. Metals, polymers, and organic and inorganic compounds are used as coating materials in this sector. The use and function of the equipment determine its material consumption. Coatings are advantageous for mechanical, thermal, optical, electrical, and magnetic properties. In contrast, coatings support the creation of circuit boards as well as the protection, ornamentation, and design of devices. When compared to traditional conformal coatings, 3M Novec Electronic Grade Coatings provide corrosion protection for delicate inside device components. These ultra-thin coatings also provide protection from moisture, humidity, contaminants, oils, sulphur, and salt water immersion. These can be applied without masking or curing because they are simple to work with and can be reused as well.

The Asia Pacific region is expected to dominate the global market during the estimated time period. This is owing to the growing population, rapid urbanization and industrialization, increased need for infrastructural development, and rise in construction activities. Additionally, government programmes to invest in infrastructure, notably in the energy and transportation sectors, to improve the connectivity between cities will also help the region to generate notable revenues in the coming years.

Top Protective Coating Companies

Protective Coating Market Competitive Landscape

FAQs

What is the global market size of Protective Coating Market?

Who are the key vendors in the Protective Coating Market?

What is the key driver of Protective Coating Market?

What is the key market trend for Protective Coating Market?

Which region accounted for the largest share in Protective Coating Market?

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