Performance Coatings Market

Performance Coatings Market Segmentation By Resin (Epoxy, Silicon, Polyester, Acrylic, Alkyd, Polyurethane, Fluoropolymer, and Others); By Coating Technology (Solvent based, Water based and Powder based); By End User Industry (Building & Construction, Automotive & Transportation, Industrial, Aerospace & Defense, Marine and Others) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1130 | Published On: Apr 06, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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Performance Coatings Market Overview

Performance coatings are the varnishes used to enhance the physical properties of various surfaces. These coatings are resistant to high temperatures, corrosion and abrasion. It is an effective environment-friendly technology which comes in a variety of color combinations. It can also be used in minute-sized components. A performance coating is an affordable option for delivering cosmetically engaging durable finishes to different products. It satisfies the primer coat as well as the basecoat requirements.

Performance coatings are widely used in the fields of automotive and aerospace coatings, industrial coatings, powder coatings, mining and mineral industry, wastewater treatment, infrastructure, power, oil and gas and marine sectors. Performance coatings have a good record of adjusting with surfaces. Its end use includes application on large and small equipment, components, repair & refurbishment and in almost all light and heavy industrial segments. Performance coatings can be used on walls, floors, railings, food and beverage facilities, schools, healthcare facilities, occupied or confined spaces and office buildings. They are compatible with different materials such as wood, aluminum, steel, metal, masonry, drywall, concrete and galvanized metal surfaces etc. Major players in the market are entering into joint ventures to strengthen their position in the performance coatings market. The power sector is so firmly established in the global economic structure that it has been one of the first adopters of performance coatings, which ensure better protection for wires and other electrical instruments. The progressive development of the power sector to make services more reliable is likely to entail the growth of the global performance coatings market. The steady growth of the material sciences has proved essential for the global performance coatings market as it has provided the market an easy channel for innovations. The steady government support and private investment in the sector is expected to boost the growth of the market. Developments in the marine, protective coatings, oil and gas, automotive refinishes and plastic coating sectors has unfolded opportunities for ample investments in the industrial infrastructure sector to boost the growth of the performance coatings market.


Market Size and Forecast

Performance Coatings are being adopted in various sectors such as power, marine, automotive & aerospace, mining and mineral, wastewater treatment, oil and gas etc. Performance coatings enhance the physical properties of the product. The key contributors to the growth of manufacturing sector are consumer goods, automotive and aerospace sectors which are expected to boot the growth of the performance coatings market.

The performance market is anticipated to record a CAGR of around 6% during the forecast period i.e. 2019-2027. The market is segmented by resin, coating technology and end user industry, out of which, the polyurethane segment is anticipated to have leading shares on account of being scratch and humidity resistant. 

Performance coatings market Graph

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Growth Drivers

Adoption in wide range of industrial sectors

Performance Coatings are being adopted in various sectors such as power, marine, automotive & aerospace, mining and mineral, wastewater treatment, oil and gas etc. Performance coatings enhance the physical properties of the product. Adoption of performance coatings is wide range of industrial sectors is expected to boot the growth of the performance coatings market.

Rampant growth of manufacturing sector

The key contributors towards the growth of manufacturing sector are consumer goods, automotive and aerospace sectors which are expected to boot the growth of the performance coatings market.

Increasing demand for solar power

Performance coatings help in maximizing the utility of solar energy installations.  The increasing demand for solar power in underdeveloped countries as a mass-scale alternative to costlier forms of energy is expected to boost the growth of the performance coatings market.


Performance coatings market Graph
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Restraints

Harmful effect on health

It can be harmful to breathe the smell of performance coatings; they require ventilation all the time. This is expected to hinder the growth of the performance coatings market.


Market Segmentation

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

By Resin

  • Epoxy
  • Silicon
  • Polyester
  • Acrylic
  • Alkyd
  • Polyurethane
  • Fluoropolymer
  • Others

By Coating Technology

  • Solvent based
  • Water based
  • Powder based

By End user technology

  • Building & construction
  • Automotive & transportation
  • Industrial
  • Aerospace & defense
  • Marine
  • Others

By Region

On the basis of regional analysis, the performance coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia-Pacific is expected to account for more than 30% of the global market during the forecast period on the back of rising urbanization, booming manufacturing sector growth and introduction of smart cities in the region. Europe is expected to grow at a CAGR of 4.5% on the back of proliferation of the manufacturing sector in the region. North America is expected to expand significantly on the back of growth of local manufacturing sectors in the region. Latin America is expected to observe growth on the back of developments in the marine, protective coatings, oil and gas, automotive refinishes and plastic coating sectors. This unfolds opportunities for ample investments in the industrial infrastructure sector.

The performance coatings market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


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Top Featured Companies Dominating the Market

    • Hampel
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Sherwin- Williams Company
    • Jotun
    • Masco Corporation
    • Nippon Paint Corporation Ltd.
    • PPG Industries
    • BASF Corporation
    • Axalta Coating Systems
    • Akzo Nobel
    • Valspar Corporation

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