High Performance Coatings Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type (Epoxy, Silicon, Polyester, Acrylic, Alkyd, Polyurethane, Fluoropolymer, and Other Types), Coating Technology (Solvent-based, Water-based, and Powder-based), End-user Industry (Building and Construction, Automotive and Transportation, Industrial, Aerospace and Defense, Marine, and Other End-user Industries) and Geography

Market Snapshot

High Performance Coatings - Market Summary
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The high performance coatings market is expected to grow at a CAGR of over 5% during the forecast period of 2019 - 2024. One of the major factors driving the market studied includes increasing construction activities in the United States and Asia-Pacific. Solvent-based adhesives are being phased out to reduce VOC emissions; this is expected to significantly hinder the growth of the market studied.

  • Asia-Pacific is expected to dominate the global market during the forecast period.
  • By end-user industry, the building and construction industry is expected to witness the highest demand for high performance coating during the forecast period.

Scope of the Report

The global high performance coatings market includes:  

Other Types (Polyether Sulfone (PES), Vinyl-Ester, etc.)
Coating Technology
End-user Industry
Building and Construction
Automotive and Transportation
Aerospace & Defense
Other End- user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Growing Demand from Building & Construction Industry

  • High performance coatings provide the following qualities, such as exceptional corrosion protection, abrasion resistance and high resistance to impact, excellent chemical and thermal resistance, extreme durability and strength, and it also contributes to the aesthetics as well.
  • The global construction sector is expected to expand in real terms, by an annual average of 3.2% in the coming decade, to a nominal value of more than USD 6.0 trillion.
  • The rapid increase in population, in regions of developing nations, is expected to give a rise in demand for residential construction, which, in turn, augments the usage of high performance coatings.
  • The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources.
  • In the non-residential construction, the major growth was witnessed in healthcare, commercial, and office buildings. The investment in transportation, communication, and power infrastructure has also witnessed growth in 2017 and 2018. All these factors are expected to improve the demand for the studied market.
High Performance Coatings - Segmentation

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China to Dominate the Demand in Asia-Pacific Region

  • China is expected to dominate the high performance coatings market in Asia-Pacific and is also likely to witness the fastest growing demand.
  • The market is estimated to witness a healthy growth over the assessment period, due to rising construction activities, along with the high adoption rate from various end-user industries such as, industrial, and aerospace & defense sector.
  • In China, the housing authorities of Hong Kong have launched various measures to push-start the construction of low-cost housing.
  • Additionally, the government has rolled out massive construction plans, including making provision for the movement of 250 million people to its new megacities over the next ten years, despite efforts to rebalance its economy to a more service-oriented form. This is likely to boost the demand for high performance coatings in the country.
  • China is aiming high in the aerospace business. Its focus is on both commercial aircraft, as well as fighter jets. Over the next 20 years, both the European and the American aerospace giants forecast that China would become their biggest single market, due to the demand for new aircraft by Chinese airlines, which are keen to meet the rising middle classes’ desire for air travel.
  • Furthermore, countries such as India and Japan have also been contributing to the growth of the market studied. Overall, the demand for high performance coatings is expected to increase in the during the forecast period.
High Performance Coatings - Regional

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Competitive Landscape

The high performance coatings market is partly consolidated in nature. Some of the major players of the market studied include, PPG Industries Inc., Akzo Nobel NV, Hempel Group, Daikin Industries Ltd, and Sherwin-Williams Company, among others.

Major Players

  1. PPG Industries Inc.
  2. Akzo Nobel NV
  3. Daikin Industries Ltd.
  4. Hempel Group
  5. The Sherwin-Williams Company

* Complete list of players covered available in the table of contents below

High Performance Coatings - Market Concentration

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Construction Activities in the United States and Asia-Pacific

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Solvent-based Adhesives are being Phased Out to Reduce VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Threat of Substitute Products and Services

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Bargaining Power of Consumers

      5. 4.4.5 Degree of Competition

    5. 4.5 Environmental Regulations


    1. 5.1 Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Silicon

      3. 5.1.3 Polyester

      4. 5.1.4 Acrylic

      5. 5.1.5 Alkyd

      6. 5.1.6 Polyurethane

      7. 5.1.7 Fluoropolymer

      8. 5.1.8 Other Types (Polyether Sulfone (PES), Vinyl-Ester, etc.)

    2. 5.2 Coating Technology

      1. 5.2.1 Solvent-based

      2. 5.2.2 Water-based

      3. 5.2.3 Powder-based

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Automotive and Transportation

      3. 5.3.3 Industrial

      4. 5.3.4 Aerospace & Defense

      5. 5.3.5 Marine

      6. 5.3.6 Other End- user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 Daikin Industries Ltd

      3. 6.4.3 PPG Industries Inc.

      4. 6.4.4 Kansai Nerolac Paints Limited

      5. 6.4.5 Metal Coatings Corp.

      6. 6.4.6 Toefco Engineered Coating Systems Inc.

      7. 6.4.7 Endura Coatings LLC

      8. 6.4.8 Beckers Group

      9. 6.4.9 Nippon Paint Holdings Co. Ltd

      10. 6.4.10 The Sherwin-Williams Company

      11. 6.4.11 AFT Fluorotec Ltd

      12. 6.4.12 The Chemours Company

      13. 6.4.13 Hempel Group

    5. *List Not Exhaustive

**Subject to Availability

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