Specialty Coating Market: By Application, By Technology Type, By Resin Type, By Substrate Type, By Vehicle Type, and Geography
Specialty Coating Market size was valued at US$ 2.98 billion in 2022 and is projected to reach US$ 3.76 billion by 2029 and grow at a CAGR of 3.13% from 2023-2029. The specialty coating market is a kind of coating that delivers performance as per the needs of particular applications. Specialty coatings meet the basic definition of topcoat, primer, and self-priming. Some of the benefits of specialty coating are fire or temperature resistance, antireflection, sealing, substrate compatibility, temporary protection, excellent adhesive properties, and enhanced corrosion protection. The main reasons for using specialty can be attributed to its factors which help in improving resistance to rain erosion, promoting a stronger bond or adhesion between two materials, and helping to meet stringent hermeticity and sealing requirements.
Development and launch of innovative specialty coatings by the market players enable a surge in the specialty coating market demand over the forecast years. For instance. In 2018, Dow Chemicals launched the new specialty Coating which has a wide range of applications. Moreover, the Launch of newer products in various countries enables the growth of the specialty coating market over the forecast years. Based on application, the market is segmented into automotive, electrical & electronics, consumer products, building & construction, healthcare & medical, oil & gas and energy, and others. Automotive & transportation emerged as the leading application segment with a demand share exceeding XX% in 2015. Increasing demand for lightweight vehicles on account of existing and proposed stringent governmental regulations regarding automotive pollution along with the growing need for fuel-efficient vehicles is expected to drive this segment over the forecast period. The global specialty coating market is consolidating as large players complement each other's businesses by means of collaborations and acquisitions and the launching of new products.
Study Period
2024-2030Base Year
2023CAGR
3.13%Largest Market
Asia-PacificFastest Growing Market
North America
The demand for automotive specialty coating market is driven by the increasing demand for vehicles, whereas technologies and R&D investments are influenced by government regulations. Increasing customer needs including high performance, improved durability and extended service life is estimated to augment specialty coatings demand over the forecast period. These coatings are expected to gain market share in both residential and commercial segments on account of improved resistance towards chemicals, heat and abrasion. It is expected to witness strong demand growth from OEM especially in automotive and chemical industries. However, the market is expected to witness restricted growth on account of increasing environment concerns regarding VOC emissions.
Geographically, specialty coating market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific specialty coating market dominated the global specialty coating market. Asia Pacific, being the hub for several end-use industries including electrical and electronics, construction, and automotive, is expected to maintain its dominant position in the coming few years. North America specialty coating market is expected to register a significant CAGR during the forecast period followed by Europe. Europe specialty coating market is driving by the adoption of REACH, a government initiative in Europe to improve human health and the environment from the risks that can be constituted by chemicals, while enhancing the competition in European chemicals industry. Also, promoting alternative methods for hazard assessment of substances to reduce tests on animals is increasing the demand for coatings with low VOC content, such as water-borne coatings.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 2.98 billion |
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Market Size in 2029 |
US$ 3.76 billion |
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Market CAGR |
3.13% |
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By Application |
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By Technology Type |
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By Resin Type |
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By Substrate Type |
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By Vehicle Type |
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The specialty coating market key players are: Akzo Nobel N.V., Axalta Coating Systems Ltd, LLC, BASF SE, Covestro AG, Kansai Paint Co.,Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., Solvay SA, The Sherwin-Williams Company, The Dow Chemical Company
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1. Executive Summary |
| 2. Global Specialty Coating Market Introduction |
| 2.1.Global Specialty Coating Market - Taxonomy |
| 2.2.Global Specialty Coating Market - Definitions |
| 2.2.1.Application |
| 2.2.2.Technology Type |
| 2.2.3.Resin Type |
| 2.2.4.Substrate Type |
| 2.2.5.Region |
| 3. Global Specialty Coating Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Specialty Coating Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Specialty Coating Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Engine & exhaust |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Interior |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Transmission |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Wheel rims |
| 5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Specialty Coating Market By Technology Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Solvent-borne |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Waterborne |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Powder Coating |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Specialty Coating Market By Resin Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Polyurethane |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Epoxy |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Acrylic |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Other |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Specialty Coating Market By Substrate Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Metal |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Plastics |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Others |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9. Global Specialty Coating Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Specialty Coating Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Engine & exhaust |
| 10.1.2.Interior |
| 10.1.3.Transmission |
| 10.1.4.Wheel rims |
| 10.1.5.Others |
| 10.2. Technology Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Solvent-borne |
| 10.2.2.Waterborne |
| 10.2.3.Powder Coating |
| 10.3. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Polyurethane |
| 10.3.2.Epoxy |
| 10.3.3.Acrylic |
| 10.3.4.Other |
| 10.4. Substrate Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Metal |
| 10.4.2.Plastics |
| 10.4.3.Others |
| 10.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Specialty Coating Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Engine & exhaust |
| 11.1.2.Interior |
| 11.1.3.Transmission |
| 11.1.4.Wheel rims |
| 11.1.5.Others |
| 11.2. Technology Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Solvent-borne |
| 11.2.2.Waterborne |
| 11.2.3.Powder Coating |
| 11.3. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Polyurethane |
| 11.3.2.Epoxy |
| 11.3.3.Acrylic |
| 11.3.4.Other |
| 11.4. Substrate Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Metal |
| 11.4.2.Plastics |
| 11.4.3.Others |
| 11.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Specialty Coating Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Engine & exhaust |
| 12.1.2.Interior |
| 12.1.3.Transmission |
| 12.1.4.Wheel rims |
| 12.1.5.Others |
| 12.2. Technology Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Solvent-borne |
| 12.2.2.Waterborne |
| 12.2.3.Powder Coating |
| 12.3. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Polyurethane |
| 12.3.2.Epoxy |
| 12.3.3.Acrylic |
| 12.3.4.Other |
| 12.4. Substrate Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Metal |
| 12.4.2.Plastics |
| 12.4.3.Others |
| 12.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Specialty Coating Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Engine & exhaust |
| 13.1.2.Interior |
| 13.1.3.Transmission |
| 13.1.4.Wheel rims |
| 13.1.5.Others |
| 13.2. Technology Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Solvent-borne |
| 13.2.2.Waterborne |
| 13.2.3.Powder Coating |
| 13.3. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Polyurethane |
| 13.3.2.Epoxy |
| 13.3.3.Acrylic |
| 13.3.4.Other |
| 13.4. Substrate Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Metal |
| 13.4.2.Plastics |
| 13.4.3.Others |
| 13.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Specialty Coating Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 14.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Engine & exhaust |
| 14.1.2.Interior |
| 14.1.3.Transmission |
| 14.1.4.Wheel rims |
| 14.1.5.Others |
| 14.2. Technology Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Solvent-borne |
| 14.2.2.Waterborne |
| 14.2.3.Powder Coating |
| 14.3. Resin Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Polyurethane |
| 14.3.2.Epoxy |
| 14.3.3.Acrylic |
| 14.3.4.Other |
| 14.4. Substrate Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Metal |
| 14.4.2.Plastics |
| 14.4.3.Others |
| 14.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Akzo Nobel N.V. |
| 15.2.2.Axalta Coating Systems Ltd, LLC |
| 15.2.3.BASF SE |
| 15.2.4.Covestro AG |
| 15.2.5.Kansai Paint Co.,Ltd. |
| 15.2.6.Nippon Paint Holdings Co., Ltd. |
| 15.2.7.PPG Industries, Inc. |
| 15.2.8.Solvay SA |
| 15.2.9.The Sherwin-Williams Company |
| 15.2.10.The Dow Chemical Company |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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