Composite Coatings Market Share

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Report ID: 4261
Published Date: Dec 06, 2024
Report Format: PDF, PPT

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North American Market Forecast

North America industry is likely to hold largest revenue share of 35% by 2037, 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.

Browse key industry insights with market data tables & charts from the report:

Composite Coatings Market Size & Share | Growth Forecasts 2037

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of bovine lactoferrin is assessed at USD 1.25 billion.

The composite coatings market size was valued at USD 1.17 billion in 2024 and is likely to cross USD 3.3 billion by 2037, expanding at more than 8.3% CAGR during the forecast period i.e., between 2025-2037. Increasing utilization of composite coatings in the packaging industry and the growing construction sector will boost the market growth.

North America industry is likely to hold largest revenue share of 35% by 2037, impelled by expanding aerospace & defense sector in the region.

The major players in the market are AkzoNobel, 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.