Clear Coatings Market Size, Share, Opportunities, And Trends By Resin Type (Polyurethane, Epoxy, Alkyd, Polyester, Acrylic, Others), By End User Industry (Packaging, Automotive, Construction, Industrial, Others), And By Geography - Forecasts From 2025 To 2030

The clear coatings market is anticipated to be valued at US$25.874 billion in 2025, growing at a CAGR of 3.99% to make US$31.469 billion in 2030.

A clear coating is considered one of the premium material coatings in the form of either water- or solvent-based application. In general, it contains an advanced cross-linking mechanism, which explains the strong bonding properties. Owing to this, the clear coating helps almost all metal substrates.

This coating is a good substitute for oil-based rust or corrosion preventives. It is stable under extreme heat conditions and can be topped with primers or paints without removal. When it is used in combination with other types of coatings, the clear coating can greatly extend the lifespan of the metal surface.

The best application for clear coatings is on copper and its alloys. The substances are corrosion resistant, although, due to handling and environmental exposure, they can leave superficial discoloration on them over time. These clear coats are applied on the surfaces to preserve their appearance. 

What are the drivers of the clear coatings market?

• Growing demand from the paint and coating industry

The construction and building industry worldwide is showing significant growth. One of the major reasons for this industry's expansion is the growing global urbanization. Urbanization causes the rapid industrialization of the country and region. The major part of the urbanization is taking place in Asia Pacific, Middle East, and Africa. The increasing need for corrosion-resistant coatings in various industries primarily drove the coatings market growth. Additionally, the demand for powder coatings and high-performance coatings for industrial applications further contributes to the growth. As per the European Union, in December 2023, compared with December 2022, production in construction increased by 1.9% in the euro area and by 2.4% in the European Union.

According to Eurostat, the annual average production in construction for 2023, compared with 2022, increased slightly. However, in the European Union, building construction increased by 1.1% in 2023 compared to 2022, and civil engineering increased by 4.1%. This increase in the construction industry indicates an overall increase in raw materials for inputs in the construction industry.

• Rising production of automotive industries

The automobile industry's increased output further expands the market for clear coatings. Any new automobile requires a clear coat for protection and aesthetic reasons. In addition, the refinishing market also requires clear coats for its repair and restoration needs. According to the OICA (International Organization of Motor Vehicle Manufacturers), the overall production of vehicles expanded by 10% in 2023 compared to 2022. Moreover, the number of vehicles produced was 93,546,599, of which 67,133,570 are cars and 26,413,029 are commercial vehicles. These increases are from the major economies of India, China, Canada, Germany, France, Japan, the United States, etc. 

Apart from this, technological improvements in the automobile sector spur the discovery of new, more durable formulations of clear coat with desirable properties like increased durability, UV resistance, and better gloss. For instance, in March 2023, PPG started offering paint and clear film solutions to automotive and industrial clients through PPG Advanced Surface Technologies, a new joint venture with Entrotech, Inc., a developer of technology-driven film solutions. 

Consumer demand for quality finishes and customization further drives the demand for specialty clear coats. Thus, the demand for high-performance clear coatings continues to be strong with the growth and evolution of the automotive industry.

The clear coatings market is segmented into five regions worldwide:

By geography, the clear coatings market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. 

The Asia Pacific region is expected to see the fastest growth in the clear coatings market due to increasing automobile, packaging, and construction applications.

For instance, as per Invest India, the construction industry in India is estimated to reach USD 1.4 trillion by 2025, and the cities are expected to generate 70% of the national GDP. 

North America is expected to have a significant market share for clear coatings in the chemical synthesis industry, as the U.S. Chemical Sector converts raw materials into more than 70,000 diverse chemical products. The automotive and construction industries primarily drive the North American clear coatings industry and customer demands for durability and aesthetic appeal. Increasing demand for fuel-efficient automobiles and severe pollution restrictions have resulted in using lightweight materials and innovative coating methods. Europe has the adhesives, paints, emulsions, and coatings demand from several industries which majorly includes the automotive industry. In this regard, Europe produced 14.8 million vehicles in 2023, including 12.2 million cars. 

Clear coatings market key developments: 

The market leaders for the clear coatings market are BASF, PPG Industries, and Mitsui Chemicals, among others. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In September 2024, Solenis, a leading specialty chemical producer, collaborated with Heidelberger Druckmaschinen AG (HEIDELBERG), an innovative technology company with a dominant position in the global printing industry. This partnership is to develop a more cost-effective method of directly incorporating barrier coatings for paper packaging into the existing flexographic printing process.
• In July 2024, PPG launched the PPG DURANEXT™ range of electron-beam (EB) and ultraviolet (UV) curable backers, primers, basecoats, and clearcoats, which improve energy economy and speed of energy curing for metal coil coaters.
• In April 2024, BASF's coatings business introduced a new line of eco-friendly clearcoats and undercoats that improve quality and productivity and drastically cut CO2 emissions. BASF's complete product portfolio seeks to help body shops improve profitability and sustainability.
• In March 2024, Mitsui Chemicals, Inc. collaborated with CADIS Engineering GmbH to create a digital printer for novel hydrophobic-coated automobile displays. COTEC™ GmbH is a German subsidiary of SDC Technologies, Inc. in the United States.

The clear coatings market is segmented and analyzed as follows:

• By Resin Type
  • Polyurethane
  • Epoxy
  • Alkyd
  • Polyester
  • Acrylic
  • Others
• By End User Industry
  • Packaging
  • Automotive
  • Construction
  • Industrial
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Growing demand from the paint and coating industry

4.1.2. Rising production of automotive industries

4.2. Market Restraints

4.2.1. Environmental Concerns

4.2.2. High Cost

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. CLEAR COATINGS MARKET BY RESIN TYPE

5.1. Introduction

5.2. Polyurethane

5.3. Epoxy

5.4. Alkyd

5.5. Polyester

5.6. Acrylic

5.7. Others

6. CLEAR COATINGS MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Packaging

6.3. Automotive

6.4. Construction

6.5. Industrial

6.6. Others

7. CLEAR COATINGS MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of the Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. BASF

9.2. Nippon Paint

9.3. Mitsui Chemicals

9.4. PPG Industries

9.5. Nanovere Technologies

9.6. Pulverkonig

9.7. NEI Corporation

9.8. SDC Technologies

9.9. Axalta Coating Systems

9.10. Clean Coats

9.11. Sherwin-Williams

9.12. Kansai Paint

BASF

Nippon Paint

Mitsui Chemicals

PPG Industries

Nanovere Technologies

Pulverkonig

NEI Corporation

SDC Technologies

Axalta Coating Systems

Clean Coats

Sherwin-Williams

Kansai Paint