Composite Coatings Market Size & Share, by Resin Type (Polyester, Polyamide, Epoxy); Application (Anti-corrosion, Thermal Protection, UV Protection); Techniques (Brazing, Electroless Plating, Laser Melt Injection); End-user (Aerospace & Defense, Industrial, Medical, Food, Oil & Gas, Transportation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4261
  • Published Date: Jul 27, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Composite Coatings Market size is poised to surpass USD 3.50 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of composite coatings was USD 1 Billion. The reason behind the growth is impelled by the increasing utilization of composite coatings in the packaging industry. Packaging is used in various industries including agriculture, healthcare, personal care, and industrial goods to protect the product from thermal and mechanical damage during manufacturing, transportation, and distribution.

To avoid this composite coatings are mostly used in the packaging industry for waterproofing and thermal barriers for safety since it comprises layers of protection that use paper, foil, or plastic additives to prevent damage.

The growing construction sector is believed to fuel the market growth. The anti-corrosive and self-lubricating advantages of composite coatings are expected to increase their utilization in construction infrastructures.  In the building sector, they are commonly employed to stop corrosion on steel and they are also utilized on concrete and other materials as thermal and intumescent barriers.

According to estimates, the construction market was worth over USD 6 trillion in 2020, and it is anticipated to grow to more than USD 14 trillion by 2030.

Composite Coatings Market
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Composite Coatings Sector: Growth Drivers and Challenges

Growth Drivers

  • Spiking Demand for Automobiles– Rapid urbanization and rising disposable income across the globe has increased the demand for automobiles. This is expected to increase the demand for composite coatings in automobiles since vehicles are frequently exposed to harsh environments and temperatures.
    Moreover, the use of composite coatings in the automotive industry has increased as these coatings provide more durability, and make the vehicles more appealing by meeting the need for an attractive exterior design and a high-quality gloss finish. As per data, in 2023, more than 68 million cars are expected to be sold worldwide.
  • Increasing Demand for Solar Energy- The growing population across the globe has increased the demand for solar energy to reduce the price of electricity while also lowering the carbon footprint. This has resulted in increasing demand for composite coatings as they play a crucial role in solar energy applications.


  • Fluctuating Cost of Raw Materials– The high cost of raw materials and frequent price changes can cause disruptions in the supply chain which may make it difficult for the suppliers in sourcing these raw materials which as a result is expected to hinder the market growth.
  • Stringent Regulatory Policies
  • Higher Costs associated with Manufacturing Process

Composite Coatings Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 1 Billion

Forecast Year Market Size (2035)

~ USD 3.50 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Composite Coatings Segmentation

End- User (Aerospace & Defense, Industrial, Medical, Food Industry, Oil & Gas, Transportation)

The oil & gas segment in the composite coatings market is estimated to gain a robust revenue share of 30% in the coming years owing to the rising oil & gas sector. The composite coating is used as a protective coating to add shielding layers to increase the hardness and shelf time in equipment such as pipelines, vessels, and subsea equipment for proper functioning. These coatings are used in the oil & gas industry in various processes of exploration & production, transportation & storage, refining & petrochemical. According to data, the oil & gas industry is one of the largest sectors in the world, which generated over USD 4 trillion in 2022.

Techniques (Brazing, Electroless Plating, Laser Melt Injection)

The brazing segment is set to garner a notable share shortly. This technique allows giving a tough and high resistance during the coating process compared to other techniques. The brazing method provides water resistance corrosion resistance to the surface. This is also believed to protect from damage caused by UV rays, scratches, heat, and fire. Further, owing to the light weight of composite coatings, the brazing techniques are applied in several sectors including aerospace, and automobile, among others to achieve the perfect result.

Our in-depth analysis of the global market includes the following segments:

     Resin Type

  • Polyester
  • Polyamide
  • Epoxy


  • Anti-corrosion
  • Thermal Protection
  •  UV Protection


  • Brazing
  •  Electroless Plating
  •  Laser Melt Injection


  • Aerospace & Defense
  • Industrial
  • Medical
  • Food Industry
  • Oil & Gas
  • Transportation

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Composite Coatings Industry- Regional Synopsis

North American Market Forecast

Composite coatings market in North America is predicted to account for the largest share of 35% by the end of 2035 impelled by the expanding aerospace & defense sector supported by rising funding in the aerospace & defense sector in the US. This as a result may rise the demand for composite coatings in the region as these coatings are used to create lightweight airframes, and are employed to protect, embellish, and serve a variety of purposes including erosion resistance, anti-static dissipation, and radar avoidance.

According to estimates, aerospace & defense industry exports increased by over 11% in 2021, reaching a total of more than USD 100 billion.

APAC Market Statistics

The Asia Pacific composite coatings market is estimated to be the second largest, during the forecast timeframe led by rapid industrialization. In emerging economies such as India rising industrialization is known to be the major driver of the composite coatings market. For instance, these coatings are suitable for various industries as they protect the machinery, and other equipment from corrosion, and can be formulated with lower levels of volatile organic compounds (VOCs).

According to recent data, India's industrial production increased by over 6% in 2023.

Research Nester
Composite Coatings Market Size
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Companies Dominating the Composite Coatings Landscape

    • AkzoNobel
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • PPG Industries, Inc.
    • Sherwin Williams Company
    • RPM International Inc.
    • Axalta Coating Systems
    • A.W. Chesterton Company
    • OM Sangyo Co., Ltd.
    • SURTECKARIYA Co., Ltd.


In The News

  • AkzoNobel acquired Stahl’s powder activities to strengthen their position as a full-service provider of sustainable solutions for heat-sensitive substrates, and to build on a worldwide leading position by entering emerging market segments. Further, the acquisition enables the introduction of powder application to temperature-sensitive substrates such as MDF, plywood, thermoplastics, and composites.
  • PPG Industries, Inc. acquired the powder coatings business of Arsonsisi, a top provider of specialty powder coatings for industrial and architectural applications to integrate metallic bonding, in its powder coatings portfolio in the Europe, Middle East, and Africa (EMEA) area to generate over 35% of revenues from sustainably superior products.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4261
  • Published Date: Jul 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing utilization of composite coatings in the packaging industry and the growing construction sector are the major factors driving the growth of the market.

The market size of Composite Coatings is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are PPG Industries, Inc., Sherwin Williams Company, RPM International Inc., AZTRON TECHNOLOGIES, LLC, Axalta Coating Systems, A.W. Chesterton Company, OM Sangyo Co., Ltd., SURTECKARIYA Co., Ltd.

The oil & gas segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Composite Coatings Market Report Scope

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