Report Title
The APAC paints and coatings market size stood at USD 84.09 billion in 2022, and it is expected to grow at a CAGR of 5.90% during 2022–2030, to reach USD 133.03 billion by 2030.
The global camouflage coating market size stood at USD 207.3 million in 2022, which is expected to reach USD 549.4 million by 2030, advancing at a CAGR of 13.10% between 2023 and 2030.
The global adhesive tapes market size was valued at USD 66,634 million in 2022, and it is expected to hit USD 103,040 million by 2030, advancing at a CAGR of 5.60% during the forecast period.
The paints and coatings market estimated size stood at USD 164.1 billion in 2022, and it is expected to grow at a CAGR of 4.80% during 2022–2030, to reach USD 238.8 billion by 2030.
The global dyes and pigments market was valued at $37,548.65 million in 2021, and this number is further expected to increase to $57,946.67 million by 2030, advancing at a CAGR of 4.94% during 2021–2030.
The acrylic adhesives market size stood at $8,964.1 million in 2021, and it is expected to advance at a compound annual growth rate of 5.8% during 2021–2030, to reach $14,921.4 million by 2030.
The global high-temperature resin market size was $3,560.6 million in 2021, and it will advance at a CAGR of 3.9% during 2021–2030, to reach $5,031.7 million by 2030.
The medical device coating market size stood at $7,861.4 million in 2021, and it is expected to advance at a compound annual growth rate of 7.6% during 2021–2030, to reach $15,165.9 million by 2030.
The global polyurea coatings market sales revenue crossed $995.2 million in 2021, and it is expected to advance at a CAGR of 11.0% during 2021–2030.
The global construction adhesives market size stood at $9,101.5 million in 2021, which is expected to reach $14,541.9 million by 2030, at a CAGR of 5.3% during 2021–2030.
The low VOC adhesives market was valued at $47.6 billion in 2021 and it is expected to advance at a CAGR of 6.1% during 2021–2030.
The global automotive adhesives and sealants market generated revenue of $6,414.1 million in 2020, and it is expected to grow at a CAGR of 6.1% during the forecast period.
The global non-woven adhesives market generated around $2.0 billion in 2020, and it would show significant growth during the forecast period (2021–2030).
The global antimicrobial coatings market generated revenue of around $3.6 billion in 2020. The major factors responsible for the growth of the market are the rising awareness about safety and hygiene and stringent regulations implemented in this regard in the present scenario and the increasing adoption of antimicrobial coatings for several industrial applications.
The global sealing & strapping packaging tapes market is projected to showcase strong growth in the coming years on account of the increasing demand for fast-curing and high-bond-strength packaging solutions.
The Indian aerosol market generated $526.28 million revenue in 2019, and it is expected to witness a CAGR of 6.0% during the forecast period (2020–2030). Key factors responsible for the growth of the market are the rising demand for aerosols in the automotive and manufacturing industries and supportive government initiatives for research and development (R&D) in the manufacturing industry.
The Indian industrial aerosol market was valued at $70.95 million in 2019, and it is expected to witness a CAGR of 5.6% during the forecast period (2020–2030).
The global corrosion protection coatings market is projected to showcase strong growth in the coming years on account of the surging demand from end-use industries, including oil & gas and infrastructure.
The global industrial maintenance coatings market is projected to showcase a strong growth during the forecast period (2021–2030), on account of the rising need for improved performance of industrial equipment and machinery, in order to continue smooth business operations.
The global flat glass coatings market is projected to showcase a strong growth during the forecast period (2021–2030), on account of increasing construction of green buildings, rapid urbanization, and infrastructural growth in developing countries, such as China, India, Brazil, South Africa, and Thailand, which, in turn, is creating a strong demand for flat glass coatings.
The India metal polish market stood at $26.51 million in 2019, and it is expected to demonstrate a CAGR of 4.6% during the forecast period (2020–2030). Some of the key growth factors for the metal polish industry in the country are the rising realization about improving the aesthetic appearance of metallic surfaces and surging consumption of such polishes in the marine industry.
The polyester hot melt adhesives market size was $473,057.2 thousand in 2019, and it is expected to display a CAGR of 5.3% between 2020 and 2030.
The hot melt adhesives market stood at $7,717.0 million in 2019 and is expected to showcase a CAGR of 6.1% during the forecast period (2020–2030). The market is primarily being driven by the increasing consumer spending and the growing adoption of these adhesives in several industries, including packaging and automotive.
The medical adhesives market revenue stood at $8,714.9 million in 2019, and the market is expected to grow at a CAGR of 2.3% during 2020–2030.
A prominent trend identified in the global decorative coating market is the growing demand for water-based low-volatile-organic-compound (VOC) paints and coatings. Traditional paints contain VOCs, such as formaldehyde, benzene, ammonia, xylene, and toluene, which need to evaporate, for the paint to dry.
The packaging adhesives market 2019 size was $10,426.9 million, which is set to become $17,137.4 million by 2030, increasing at a 4.6% CAGR during 2020–2030.
The Indian metal bonding adhesives market stood at $198.9 million in 2019 and is projected to reach $343.6 million by 2030, registering a CAGR of 5.2% during the forecast period (2020–2030).
The structural adhesives market revenue was $11,677.9 million in 2018, and it is expected to reach $15,683.0 million by 2024, progressing at a CAGR of 5.2% during 2019–2024.
The automotive original equipment manufacturer (OEM) coatings market size is expected to grow from $10,997.4 million in 2018 to $13,661.4 million by 2024, exhibiting a CAGR of 4.2% during 2019–2024.
The pressure sensitive adhesives market revenue stood at $7,414.0 million in 2018. Furthermore, the market is predicted to exhibit a CAGR of 4%, in terms of volume, between 2019 and 2024.
Major factor being witnessed in the global SBC and its derivatives market is rising investment for innovation and technological advancements in product and process technologies.
Major trend gaining momentum in the global dental adhesives and sealants market is increasing awareness of oral health. As improper eating habits among the current generation is affecting oral health, due to which the demand for these adhesives and sealants are increasing in the dental industry.
Major factors being witnessed in the global metal coatings market are rising investments in the residential, commercial, as well as industrial construction industry; increasing use of sol-gel technologies and zirconium; and companies are performing mergers and acquisitions to acquire new technological advancements.
The global thermal spray materials market is estimated to value $1,860.8 million in 2018 and is projected to reach $2,869.2 million by 2024, witnessing a CAGR of 7.4% during the forecast period. Growing need for high-quality coatings on components used in aerospace, automotive, and energy and power sectors is the key factor driving the market growth.
The Indonesian automotive refinish coatings market was valued at $240.2 million in 2017 and is projected to reach $336.6 million by 2023, witnessing a CAGR of 4.9% during the forecast period.
Increasing awareness on the benefits of biologically sourced adhesives, coupled with advancements in biotechnology and growth in the packaging industry, is driving their adoption in various industries across the globe. Bio-based adhesives are naturally sourced polymeric materials that can act as adhesion agents.
Ceramic coatings have several benefits associated to them, which encourage their usage in various industries. For instance, these coatings lower the operating temperature of industrial equipment, reduce their wearing, and decrease the friction in engine parts, such as piston tops, rings, and valves.
Major trend being witnessed in the global coating resins market is the shifting preference toward smart coatings. Materials that possess capabilities to change their properties according to external environmental stimuli, such as temperature and electric field are called smart coatings. Currently, smart coatings are gaining popularity in construction projects.
Globally, the expenditure on water and wastewater treatment has increased significantly over the past few years. Developing countries, particularly in Asia-Pacific (APAC), have increased their budgetary allocation on wastewater projects.
In water soluble paints, water is used as a dispersal agent for resins. These resins are usually synthesized from polycondensation or polymerization in an organic medium. Unlike conventional organic solvent-based paints, these paints are eco-friendly and easy to use. Water content in the paints accounts for 80% of the total paint volume.
The global can coatings market is estimated to be valued at $2,100.6 million in 2017 and is projected to reach $2,588.9 million by 2023, witnessing a CAGR of 3.5% during the forecast period. Expanding food and beverage industry and recyclability of cans are the key factors driving the market growth.
The Germany automotive adhesives and sealants market valued $891.8 million in 2017 and is projected to witness a CAGR of 4.5% during 2018–2023. Growing domestic and international market for German automobiles, including passenger cars and commercial vehicles is expected to drive the Germany automotive adhesives and sealants market.
The APAC automotive adhesives and sealants market is estimated to attain a size of $3,403.6 million in 2017 and is projected to reach $4,938.0 million by 2023, registering a CAGR of 6.5% during the forecast period. The major factors driving the growth of market are increasing usage of lightweight materials in the vehicle manufacturing and increasing vehicle production in APAC.
Valued at $3,703.8 million in 2017, the global extrusion coating market is projected to surpass $4,759.3 million by 2023, witnessing a CAGR of 4.2% between 2018 and 2023.
Global plastisols market is estimated to be valued at $26,267.2 million in 2017, and is expected to witness a CAGR of 7.5% during the forecast period. The growing use of plastisols in various industries such as textiles, automotive, and construction is a major factor driving the growth of the market.
The global automotive refinish coatings market stood at $7,855.3 million in 2016, and it is projected to reach $11,099.7 million by 2023, registering a CAGR of 5.1% during the forecast period (2017–2023).
The global surgical glue market is estimated to be valued at $3,810.5 million in 2017 and is projected to reach $6,936.5 million by 2023, witnessing a CAGR of 10.6% during the forecast period. The increase in healthcare expenditure and rise in geriatric population in different regions are some of the factors driving the market growth.
Hard coatings are a coating technique by anodization of sulfuric acid with the electrolyte concentration, temperature and electric current parameters altered to produce the hardened surface. Hard coatings are resistant to corrosion, hardness and wear, electrical and temperature resistant. Hard coatings have low friction coefficient after lubrication. Owing to these properties, the global hard coatings market is expected to have an increased demand.
Metal bonding adhesives are used to attach metal-to-metal surfaces in various end-use industries such as automotive and transportation, industrial and others. These adhesives have high strength, low odor and rapid cure speed. These adhesives can be easily applied over the metal surface via static mixer. They absorb thermal shock and expansion stress and are non-flammable, thereby increasing the growth of the metal bonding adhesives market.
The global polyurethane composites market is growing in line with the increasing application of polyurethane composites in several end-use industries, including electrical and electronics, building and construction, transportation and wind power energy. The increasing acceptance of polyurethane composites in the development of lightweight automotive components, which have superior mechanical and physical properties against competing
The global protective coating resin market is growing at a significant pace owing to the increasing need for protective coatings in industrial equipment and machineries in automotive, infrastructure and construction industries. Protective coating resins have unique properties such as excellent adhesion and resistance to abrasion, impact and chemical. Protective coating resins increase the life span of a substrate by three to five years. These resins are required
The global corrosion resistant resin market has been segmented by type, application, end use industry and region. On the basis of type, the global market has been segmented into epoxy, polyester, polyurethane, and vinyl ester. On the basis of application, the market has been segmented into coatings, and composites; whereas, on the basis of end use industry, the market has been segmented into oil and gas, heavy industries, automotive and transportation, infrastructure, and marine.
The global defoaming coating additives market has been witnessing significant growth on account of increasing population, urbanization, and industrialization. Additionally, the stringent regulatory and sustainability mandates for environmental safety play an important role in the growth of the global defoaming coating additives market. The growing demand for clean formulations for decorative and coating requirements is also supporting the growth of
The global adhesion promoters market is showcasing positive growth on account of growing applications in the plastics and resins market. Adhesion promoters are used as additives or primers to enhance adhesion of coatings, inks, or adhesives to the substrate of interest. Adhesion promoters are used to increase adhesion with inorganic substrates in chemical applications such as adhesives and paints and coatings. Additionally, adhesion promoters are
The fluoropolymer materials market stood at 336.9 kilotons in 2015 and is projected to advance at a CAGR of 5.1% during the forecast period 2016–2022. The market is primarily being driven by the growing utilization of fluoropolymer-based materials by electrical and electronics as well as automotive manufacturers across the world.
Some of the major drivers behind the growing demand of global wood coating market include rise in new construction (both residential and commercial), recovery of global economy, increasing disposable income and increasing urbanized population.
Antifouling coatings market is growing with the expansion of global trade through sea routes, the number of container ships, bulk carrier ships and cargo ships manufactured have increased, which in turn widens the scope of the antifouling coatings market in Asia-Pacific. The key countries contributing to the antifouling coating industry in Asia-Pacific region are China, South Korea and Japan.
Emerging innovative applications of pentaerythritol such as marine coatings and therapeutics are expected to provide vast opportunities for the major players operating in the global pentaerythritol market. Development of new products along with the growth of niche application market segments such as flame retardants and explosives is expected to create new market opportunities