Bonded Coatings Market Trends and Forecast
The future of the global bonded coatings market looks promising with opportunities in the oil & gas, marine, infrastructure, and water & wastewater treatment markets. The global bonded coatings market is expected to grow with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are surge in demand for corrosion-resistant coatings in automotive and infrastructure sectors, growth in construction projects, and increasing focus on sustainable and eco-friendly coating solutions.
• Lucintel forecasts that internal surface coating and external surface coating is expected to witness higher growth over the forecast period.
• Within this market, oil & gas is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Bonded Coatings Market
• United States: PPG Industries announced R&D investments to develop next-gen bonded coatings for automotive and aerospace sectors, aligned with government targets for reducing carbon emissions in transportation.
• China: AkzoNobel expanded production capabilities for bonded coatings, supporting government initiatives promoting sustainable manufacturing and enhancing industrial capacity.
• Germany: BASF launched innovative bonded coating solutions for industrial applications, focusing on achieving national goals for energy-efficient manufacturing and reducing environmental impact.
• India: Berger Paints India collaborated with local OEMs to introduce bonded coating technologies for infrastructure projects, supporting government targets for modernizing public utilities and enhancing durability in construction.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bonded Coatings Market by Segment
The study includes a forecast for the global bonded coatings market by type, application, and region.
Bonded Coatings Market by Type [Value from 2018 to 2030]:
• Internal Surface Coatings
• External Surface Coatings
Bonded Coatings Market by Application [Value from 2018 to 2030]:
• Oil & Gas
• Marine
• Infrastructure
• Water & Wastewater Treatment
• Others
Bonded Coatings Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Bonded Coatings 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 bonded coatings companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bonded coatings companies profiled in this report include-
• PPG Industries
• Akzonobel
• BASF
• Arkema
• Sherwin-Williams
• Jotun
• Sigma Corporation
Recent Development in the Bonded Coatings Market
• PPG Industries: New Product Launch PPG Industries has launched a series of eco-friendly bonded coatings aimed at reducing environmental impact while maintaining high durability and performance standards.
• Akzo Nobel: Strategic Partnership Akzo Nobel has entered into a strategic partnership with a leading automotive manufacturer to supply advanced bonded coatings for their new line of electric vehicles, enhancing both efficiency and longevity.
• Sherwin-Williams: Expansion into New Markets Sherwin-Williams has announced its expansion into the Asian market with a new manufacturing facility dedicated to bonded coatings, aiming to capitalize on the regionÄX%$%Xs growing industrial demand.
• Axalta Coating Systems: Research and Development Axalta Coating Systems has invested significantly in R&D to develop next-generation bonded coatings with enhanced heat resistance, catering to the aerospace sectorÄX%$%Xs stringent requirements.
• Valspar Corporation: Acquisition Valspar Corporation has acquired a specialized technology firm known for its expertise in nano-coatings, signaling a strategic move to strengthen its portfolio in high-performance bonded coatings for electronics and telecommunications industries.
Features of the Global Bonded Coatings Market
Market Size Estimates: Bonded coatings market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bonded coatings market size by type, application, and region in terms of value ($B).
Regional Analysis: Bonded coatings 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 bonded coatings market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bonded coatings market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for bonded coatings market?
Answer: The global bonded coatings market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the bonded coatings market?
Answer: The major drivers for this market are surge in demand for corrosion-resistant coatings in automotive and infrastructure sectors, growth in construction projects, and increasing focus on sustainable and eco-friendly coating solutions.
Q3. What are the major segments for bonded coatings market?
Answer: The future of the global bonded coatings market looks promising with opportunities in the oil & gas, marine, infrastructure, and water & wastewater treatment markets.
Q4. Who are the key bonded coatings market companies?
Answer: Some of the key bonded coatings companies are as follows:
• PPG Industries
• Akzonobel
• BASF
• Arkema
• Sherwin-Williams
• Jotun
• Sigma Corporation
Q5. Which bonded coatings market segment will be the largest in future?
Answer: Lucintel forecasts that internal surface coating and external surface coating is expected to witness higher growth over the forecast period.
Q6. In bonded coatings 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 bonded coatings market by type (internal surface coatings and external surface coatings), application (oil & gas, marine, infrastructure, water & wastewater treatment, and others), 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 Bonded Coatings Market Market, Bonded Coatings Market Market Size, Bonded Coatings Market Market Growth, Bonded Coatings Market Market Analysis, Bonded Coatings Market Market Report, Bonded Coatings Market Market Share, Bonded Coatings Market Market Trends, Bonded Coatings Market Market Forecast, Bonded Coatings Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.