Bondable Coating Market Trends and Forecast
The future of the global bondable coating market looks promising with opportunities in the pipeline protection and drilling markets. The global bondable coating market is expected to grow with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing demand for high-temperature coatings and growing application of this coating in automotive, electronics, & aerospace sectors.
• Lucintel forecasts that methanol is expected to witness the highest growth over the forecast period.
• Within this market, pipeline protection is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Bondable Coating Market
• United States: PPG Industries announced the expansion of its bondable coating production capacity in the U.S. to meet the growing demand from the automotive and aerospace sectors. The U.S. government also launched initiatives to promote advanced manufacturing technologies, including bondable coatings, to enhance the countryÄX%$%Xs competitiveness.
• Germany: BASF SE introduced a new line of eco-friendly bondable coatings aimed at reducing environmental impact while maintaining performance standards. The German government has set targets to increase the adoption of sustainable materials in industrial applications, supporting companies like BASF in their innovation efforts.
• China: Axalta Coating Systems expanded its production facility in Shanghai to cater to the increasing demand for high-performance bondable coatings in the electronics and automotive industries. The Chinese government’s "Made in China 2025" strategy emphasizes advancements in manufacturing technologies, including advanced coatings, to boost domestic capabilities.
• Japan: Nippon Paint Holdings announced a strategic partnership with local automotive manufacturers to develop next-generation bondable coatings that offer superior adhesion and durability. The Japanese government continues to support R&D in innovative materials as part of its strategy to maintain leadership in advanced manufacturing sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bondable Coating Market by Segment
The study includes a forecast for the global bondable coating market by type, application, and region.
Bondable Coating Market by Type [Value from 2018 to 2030]:
• Methanol
• Acetone
• Methyl Alcohol
• Methyl Ethyl Ketone
Bondable Coating Market by Application [Value from 2018 to 2030]:
• Pipeline Protection
• Drilling
Bondable Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Bondable Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bondable coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bondable coating companies profiled in this report include-
• Klüber Lubrication
• 3M
• Americoats
• Swissoptic
• Berliner Glas
• Aleris
• OKS
Recent Development in the Bondable Coating Market
• AkzoNobel N.V.: AkzoNobel has been expanding its product portfolio in the bondable coatings segment, focusing on eco-friendly and sustainable solutions. The company recently launched a new range of waterborne bondable coatings that offer superior adhesion and durability while reducing VOC emissions, aligning with global environmental regulations.
• Sherwin-Williams Company: Sherwin-Williams has invested in research and development to enhance its bondable coatings technology. They introduced a novel high-performance bondable coating that improves corrosion resistance and bonding strength for automotive and aerospace applications, addressing the industryÄX%$%Xs demand for more resilient and durable coatings.
• Jotun Group: Jotun has made significant advancements in the bondable coatings market by developing innovative coatings for marine and offshore applications. Their latest product line includes coatings that provide excellent adhesion to various substrates, ensuring long-lasting protection against harsh marine environments and reducing maintenance costs for operators.
• Hempel A/S: Hempel has focused on diversifying its bondable coatings offerings with a new series designed for industrial and protective applications. These coatings deliver exceptional bonding properties and chemical resistance, making them suitable for use in challenging industrial environments, thereby extending the lifespan of coated structures and equipment.
• Kansai Paint Co., Ltd.: Kansai Paint has expanded its market presence by introducing advanced bondable coatings for the construction industry. Their new products are designed to enhance the adhesion of subsequent layers, improve overall coating performance, and provide better protection against environmental factors, thus ensuring the longevity of building materials.
Features of the Global Bondable Coating Market
Market Size Estimates: Bondable coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bondable coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Bondable coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the bondable coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bondable coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for bondable coating market?
Answer: The global bondable coating market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the bondable coating market?
Answer: The major drivers for this market are increasing demand for high-temperature coatings and growing application of this coating in automotive, electronics, & aerospace sectors.
Q3. What are the major segments for bondable coating market?
Answer: The future of the bondable coating market looks promising with opportunities in the pipeline protection and drilling markets.
Q4. Who are the key bondable coating market companies?
Answer: Some of the key bondable coating companies are as follows:
• Klüber Lubrication
• 3M
• Americoats
• Swissoptic
• Berliner Glas
• Aleris
• OKS
Q5. Which bondable coating market segment will be the largest in future?
Answer: Lucintel forecasts that methanol is expected to witness the highest growth over the forecast period.
Q6. In bondable coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bondable coating market by type (methanol, acetone, methyl alcohol, and methyl ethyl ketone), application (pipeline protection and drilling), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Bondable Coating Market Market, Bondable Coating Market Market Size, Bondable Coating Market Market Growth, Bondable Coating Market Market Analysis, Bondable Coating Market Market Report, Bondable Coating Market Market Share, Bondable Coating Market Market Trends, Bondable Coating Market Market Forecast, Bondable Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.