Global Protective Coatings Market Size, Share, Opportunities, And Trends By Product Type (Epoxy, Polyurethane, Vinyl Ester, Polyester, Others), By Technology (Powder, Water-borne, Solvent-borne, Others), By End-user Industry (Construction, Oil and Gas, Aerospace, Automotive, Power Generation, Infrastructure, Others), And By Geography - Forecasts From 2025 To 2030

The global protective coatings market is expected to grow at a CAGR of 4.45%, reaching a market size of US$21.12 billion in 2030 from US$16.99 billion in 2025.

The global protective coatings market industry has been growing due to several factors. The major drivers are the development and growth of new housing projects, rising infrastructural projects around several parts of the world, the automotive industry’s expansion, the rising aerospace and shipping industry, and growing awareness of using environment-friendly and sustainable materials. The coatings have multiple applications in diverse industries. Coatings are also applied in producing semiconductors and electrical and electronic equipment for better conductivity.

The increasing need for corrosion-resistant coatings in various industries primarily drove industrial protective coatings market growth. The demand for powder and high-performance coatings for industrial applications also contributed to the growth.

• According to the IEA (International Energy Agency), the sale of BEV (Battery Electric Vehicles) rose from 4.7 million in 2021 to 7.3 million in 2022 and 9.5 million in 2023. The sale of PHEVs (Plug-In Hybrid Electric Vehicles) increased by 1.9 million in 2021, 2.9 million in 2022, and 4.3 million in 2023.

What are the global protective coatings market drivers?

• Growing infrastructure and industrialization

The construction and building industry worldwide is showing significant growth. One of the major reasons for this industry's expansion is the growing urbanization. Urbanization causes the rapid industrialization of the country and region. According to the World Bank, the number of people living in the cities is expected to grow by doubling its current size by 2050, at which point nearly 7 of 10 people will live in cities.??The rate of urbanization in the developing part of the world is rising significantly. This includes the construction for the large urban population, that is, parks, hospitals, hotels, restaurants, houses, buildings, etc. The major part of urbanization is taking place in the Asia Pacific, Middle East, and Africa regions.

The construction industry requires various protective coating formulations for different applications. Durability is one of the key reasons. It helps to extend the life of a building by protecting the underlying materials from weathering, corrosion, etc.

Energy efficiency is another reason protective coatings should be chosen. Protective coatings can help to reduce the amount of heat through the building, thus reducing the energy required to maintain a comfortable temperature.  Some protective coatings are specially formulated to provide additional fire resistance to the building, which helps to reduce the risk of fire damage in the event of a fire. These coatings are also useful in architectural coatings for the barrier between the surface and the environment, providing the integrity of the material.

• Rise of the automotive industry

According to the OICA (International Organization of Motor Vehicle Manufacturers), the overall production of vehicles has expanded by 10% in 2023 compared to the previous year. This number of vehicles produced was 93,546,599, out of which 67,133,570 are cars and 26,413,029 are commercial vehicles. These increases are from major economies of India, China, Canada, Germany, France, Japan, the United States, the United Kingdom, etc. In the USA, the market has expanded by 6%; in the UK, the expansion was 17%; and in China, it has a 12% increase.

This major increase in vehicle production leads to the demand for protective coatings in the automotive industry. The coatings are necessary for providing better looks and protecting the car's surface from heat and moisture. Vehicle production, especially electric vehicles, is projected to increase, contributing to the protective coatings market growth.

• Growing demand for green coatings

The demand for green coatings continues to rise as environmental regulations are evolving and continue to change. For instance, the U.S. Environmental Protection Agency has recommendations of specifications, standards, and ecolabels for federal purchasing. Further, VOC regulations for coatings are the varying standards that require that paint and coating products. These standards are the primary driving force for the demand for green coatings in the market by both government and private demand.

Geographical outlook of the global protective coatings market

• The global protective coatings market is segmented into five regions worldwide

By geography, the global protective 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. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia Pacific region is expected to see the fastest growth in the global protective coatings market due to increasing applications in the construction and mining industry here. North America is expected to have a significant market share for global protective coatings due to the major utilization of protective coatings for automotive, aerospace, and construction industries.  

Key developments in the global protective coatings market:

The market leaders for the global protective coatings market are Hempel AS, Jotun A/S, Kansai Paint Co. Ltd, Nippon Paints, RPM International, The Sherwin-Williams Company, Asian Paints PPG Pvt. Limited, Sika AG, Akzo Nobel N.V. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In September 2024, PPG  launched PPG STEELGUARD 951 epoxy intumescent fire protection coating in the Americas. This product is designed for advanced manufacturing facilities, including semiconductor plants, electric vehicle battery facilities, data centers, and other commercial infrastructure. After launch in Europe and the Middle East, it would be available in North and Latin America. PPG Steelguard 951 coating provides up to four hours of fire protection. The coating delivers up to 3,500 microns of dry-film thickness in a single coat. It meets stringent testing standards and supports modern construction methods with its application properties.
• In July 2024, AkzoNobel launched an innovative powder coating technology to improve electrical protection for electric vehicle (EV) battery systems. This launch was in line with the demand for higher dielectric strength to help increase the safety of battery systems. The company's product has the solution to this challenge by creating a solution that requires film thickness with a single spray to increase efficiency and productivity. The ability to make a film with a one-time application also means that the production process becomes cheaper by increasing speed, reducing man hours, and improving asset utilization.
• In May 2024, PPG will build a paint and coatings manufacturing facility in Tennessee. It would be a $300 million investment in advanced manufacturing in North America. The facility would be a 250,000-square-foot facility. The facility could supply products for transportation, heavy-duty equipment, building and construction, and consumer sectors.
• In April 2024, Henkel acquired the US-based Seal for Life Industries LLC from Arsenal Capital Partners (USA). Seal for Life is a specialized supplier of protective coating and sealing solutions. The signing of the transaction took place in February 2024. The acquisition of certified protective coating technologies and complementary applicator networks facilitates advancements in retrofitting, smart maintenance, and civil infrastructure development. It included renowned industry brands including STOPAQ, CANUSA, COVALENCE, and LIFELAST, leading the way in protecting and retrofitting.

The global protective coatings market is segmented and analyzed as follows:

• By Product Type
  • Epoxy
  • Polyurethane
  • Vinyl Ester
  • Polyester
  • Others
• By Technology
  • Powder
  • Water-borne
  • Solvent-borne
  • Others
• By End-user Industry
  • Construction
  • Oil and Gas
  • Aerospace
  • Automotive
  • Power Generation
  • Infrastructure
  • 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

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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 infrastructure and industrialization

4.1.2. Rise of the automotive industry

4.1.3. Growing demand for green coatings 

4.2. Market Restraints

4.2.1. Regulation related to the environmental concerns

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. GLOBAL PROTECTIVE COATINGS MARKET BY PRODUCT TYPE 

5.1. Introduction

5.2. Epoxy

5.3. Polyurethane

5.4. Vinyl Ester

5.5. Polyester

5.6. Others

6. GLOBAL PROTECTIVE COATINGS MARKET BY TECHNOLOGY 

6.1. Introduction

6.2. Powder

6.3. Water-borne

6.4. Solvent-borne 

6.5. Others

7. GLOBAL PROTECTIVE COATINGS MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Construction

7.3. Oil and Gas 

7.4. Aerospace

7.5. Automotive

7.6. Power Generation

7.7. Infrastructure

7.8. Others

8. GLOBAL PROTECTIVE COATINGS MARKET BY GEOGRAPHY

8.1. Global Overview

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Rest of South America

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Rest of Europe

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. United Arab Emirates

8.5.3. Rest of the Middle East and Africa

8.6. Asia-Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Hempel AS

10.2. Jotun A/S

10.3. Kansai Paint Co. Ltd

10.4. Nippon Paints

10.5. RPM International

10.6. The Sherwin-Williams Company

10.7. Asian Paints PPG Pvt. Limited 

10.8. Sika AG

10.9. Akzo Nobel N.V.

10.10. Arkema

10.11. Axalta Coating Systems, LLC

10.12. PPG Industries, Inc.

10.13. Wacker Chemie AG

Hempel AS

Jotun A/S

Kansai Paint Co. Ltd

Nippon Paints

RPM International

The Sherwin-Williams Company

Asian Paints PPG Pvt. Limited 

Sika AG

Akzo Nobel N.V.

Arkema

Axalta Coating Systems, LLC

PPG Industries, Inc.

Wacker Chemie AG