logo

Composite Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Resin (Polyester, Polyamide, Epoxy, and Others), Technique (Laser-melt, Injection, Electroless Plating, Brazing, and Others), End-User Industry (Marine, Automotive and Other Transportation, Infrastructure, Oil and Gas, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Home Market Analysis Chemicals & Materials Research Paints and Coatings Research Specialty Coatings Research Composites Coatings Research Composite Coatings Market

Composite Coatings Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Composite Coatings Market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 7.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Composite Coatings Market

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Composite Coatings Market Analysis

The market for composite coatings is expected to grow at a CAGR of more than 7% during the forecast period. Major factors driving the market studied isgrowth in oil & gas exploration activities.

  • Growing demand for photovoltaic cellsis likely to act as an opportunity.
  • Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

Composite Coatings Market Trends

This section covers the major market trends shaping the Composite Coatings Market according to our research experts:

Increasing Demand for Oil and Gas

  • The oil & gas industry uses composite coatings in both the upstream and downstream segments for the movement of oil and gas toward the refineries.
  • The industry has been trying to find ways to cut capital charges. This, along with the need to adhere to strict environmental regulations, has led to the demand for a coating system with a long life, which may be effective in the protection of the assets.
  • Offshore oil & gas production has some of the most demanding conditions. Therefore, the composite coating systems used must be equipped likewise.
  • The oil & gas industry in the Asia Pacific, North Americais growing, due to the rising demand for energy and petrochemicals. Countries, such as India, United States, Malaysia, Indonesia, China, etc..are experiencing an increase in offshore drilling activities.
  • In the United States, shaleoil and shale gas production done through hydraulic fracking are increasing in the United States. The country has experienced the shale boom highly-developed infrastructure, increased profitably, including technological innovation, private entrepreneurship, private land and mineral rights ownership in recent years.
  • In recent years, crude oil production in the United States has increased at a CAGR of 6.61% between 2013-2018. This increase in oil production is expected to continue in the future, which is expected to drive the demand for composite coatingfor exploration and production.
Higher Olefins Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific had the largest share in the market, accounting for more than 40% of the global market.
  • The rapidly growing construction industry, primarily in China and India, is a major factor driving the demand for composite coatings in the region. Simultaneously, growth in oil & gas exploration activities, especially in ASEAN countries, with several ongoing new projects is also one of the major growth drivers in the region.
  • India is still a developing economy, the construction sector is one of the booming industries in the country. The infrastructure sector is an important pillar for the growth of the Indian economy. The government is taking various initiatives to ensure time-bound creation of an excellent infrastructure in the country.
  • The government has announced a target of USD 376.5 billion investment in infrastructure, over a period of three years, including USD 120.5 billion for developing 27 industrial clusters, and USD 75.3 billion for road, railway, and port connectivity projects.
  • China’s 13th five-year plan, pertaining to the oil and gas sector, is setting targets for self-sufficiency and infrastructure construction. Moreover, related reforms in recent years and the near future may create new opportunities for private and foreign companies.
  • With the construction of manufacturing facilities, increasing the oil and gas industry in the region, the demand for composite coatings is also expected to increase during the forecast period.
Higher Olefins Market Regional Trends

Composite Coatings Industry Overview

The composite coatings are partially consolidated. Some of the major players include AkzoNobel NV, PPG Industries Inc, The Sherwin-Williams Company, RPM International Inc., and Mäder, amongst others.

Composite Coatings Market Leaders

  1. AkzoNobel NV

  2. PPG Industries Inc

  3. The Sherwin-Williams Company

  4. RPM International Inc

*Disclaimer: Major Players sorted in no particular order

Higher Olefins Market concentration
Need More Details on Market Players and Competitors?
Download PDF

Composite Coatings Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growth in Oil & Gas Exploration Activities

      2. 4.1.2 Others

    2. 4.2 Restraints

      1. 4.2.1 High Processing Cost

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin

      1. 5.1.1 Polyester

      2. 5.1.2 Polyamide

      3. 5.1.3 Epoxy

      4. 5.1.4 Others

    2. 5.2 Technique

      1. 5.2.1 Laser-melt Injection

      2. 5.2.2 Electroless Plating

      3. 5.2.3 Brazing

      4. 5.2.4 Others

    3. 5.3 End-User Industry

      1. 5.3.1 Marine

      2. 5.3.2 Automotive and Other Transportation

      3. 5.3.3 Infrastructure

      4. 5.3.4 Oil and Gas

      5. 5.3.5 Others (Including Medical)

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/ Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel NV

      2. 6.4.2 BEECK Mineral Paints

      3. 6.4.3 Benjamin Moore & Co

      4. 6.4.4 FUSION MINERAL PAINT

      5. 6.4.5 K C Jones Plating Company

      6. 6.4.6 KEIM Mineral Coatings of America Inc.

      7. 6.4.7 Mäder

      8. 6.4.8 PPG Industries Inc

      9. 6.4.9 RPM International Inc.

      10. 6.4.10 The Sherwin-Williams Company

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Composite Coatings Industry Segmentation

The composite coatings market report includes:

Resin
Polyester
Polyamide
Epoxy
Others
Technique
Laser-melt Injection
Electroless Plating
Brazing
Others
End-User Industry
Marine
Automotive and Other Transportation
Infrastructure
Oil and Gas
Others (Including Medical)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Need A Different Region Or Segment?
Customize Now

Composite Coatings Market Research FAQs

The Composite Coatings Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

AkzoNobel NV, PPG Industries Inc, The Sherwin-Williams Company and RPM International Inc are the major companies operating in the Composite Coatings Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Composite Coatings Market.

The report covers the Composite Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Composite Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Composite Coatings Industry Report

Statistics for the 2024 Composite Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Composite Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Composite Coatings Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Composite Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)