According to the report, the global protective coatings market is likely to grow from USD 13.6 Billion in 2025 to USD 23.9 Billion in 2035 at a highest CAGR of 5.8% during the time period. There is also a tremendous development of the global protective coating market, which can be attributed to a number of factors. In 2024, PPG Industries declared a 300 million investment in the company to increase its manufacturing capacity in North America with the aim of satisfying the growing automotive paints and coatings demand. This investment also involves building a new 250,000-square-foot plant at Loudon County, Tennessee, that will manufacture over 11 million gallons of paint and coating every year by 2026.
With its strategic positioning, close to the major automakers, such as General Motors, Volkswagen, Ford, and Nissan, it is believed that this will help maximize its supply chain and cater to the requirements of the automotive industry, which is in a state of expansion. Furthermore, construction sector remains one of the largest users of protective coating, as more and more infrastructure is being built around the world. To illustrate, in 2024, the U.S. construction industry had close to 10 million employees, which is some 8 per cent of the workforce, highlighting the importance of the industry and the need of protective coats. Stimulated manufacturing and the high demand of the protective coatings industry by major industries is moving the industry towards eventual growth.
The increasing demand to coating industrial equipment and infrastructure against corrosion is fueling the protective coating market. AkzoNobel also launched a new series of high-functioning anti-corrosion coating on offshore oil rigs and heavy industrial equipment in Singapore in 2024, which improved the durability of such equipment in the harshest environmental conditions and increased the lifespan of assets.
Higher-order protective coating, such as ceramic and epoxy-based, entail complicated formulations and are costly raw materials, which are not affordable by small manufacturers. In 2024 Jotun announced an increase in the price of imported epoxy resin to its marine coating lines, pointing to the difficulties in costs of production that impede adoption in cost-sensitive markets.
The trend towards renewable energy worldwide provides new areas of application of the protective coating. At the beginning of 2025, Sherwin-Williams provided specialized wind turbine blade paints in Germany and Spain, which enhanced the level of UV protection and weatherability, creating a strong market opportunity in the expanding wind and solar markets.
Prominent players operating in the global protective coatings market are Akzo Nobel N.V., Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Beckers Group, Berger Paints India Limited, Carboline Company (RPM International), DAW SE, Hempel A/S, Jotun A/S, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company, Tikkurila Oyj, Tnemec Company, Inc., Valspar Corporation, Weilburger Coatings GmbH, Wörwag Coatings GmbH & Co. KG, Wacker Chemie AG, Shalimar Paints Ltd., Yung Chi Paint & Varnish Mfg. Co. Ltd., and Other Key Players.
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