Skim Coating Market Trends and Forecast
The future of the global skim coating market looks promising with opportunities in the residential and commercial markets. The global skim coating market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are growing demand for home & commercial space renovations, rising consumer preference for smooth and aesthetic interior finishes, and increase in construction activity in developing regions.
• Lucintel forecasts that 26%-28% water demand is expected to witness higher growth over the forecast period.
• Within this market, residential is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Skim Coating Market
• United States: Behr Process Corporation announced the launch of advanced skim coating products aimed at DIY enthusiasts, enhancing ease of application and finish quality.
• China: Nippon Paint Holdings introduced eco-friendly skim coating solutions aligned with government regulations to reduce VOC emissions in construction materials.
• Germany: BASF SE initiated a research project to develop high-performance skim coating products with enhanced durability and environmental sustainability
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Skim Coating Market by Segment
The study includes a forecast for the global skim coating market by type, application, and region.
Skim Coating Market by Type [Value from 2018 to 2030]:
• 26%-28% Water Demand
• 28%-30% Water Demand
Skim Coating Market by Application [Value from 2018 to 2030]:
• Residential
• Commercial
• Others
Skim Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Skim 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 skim coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the skim coating companies profiled in this report include-
• BASF
• Estop
• Lafarge
• Saint Gobain Gyproc
• Parex
• Laticrete International
• MTP
• Campbridge Paints
• CTS Cement Manufacturing
• Shubham Plasters
Recent Development in the Skim Coating Market
• Saint-Gobain: Launched a new line of high-performance skim coatings designed for quick application and long-lasting durability, targeting both residential and commercial markets.
• PPG Industries: Developed an innovative skim coating formula that incorporates advanced polymer technology for improved adhesion and smooth finish, catering to the growing demand for premium interior finishes.
• USG Corporation: Expanded its product portfolio with a range of eco-friendly skim coating products that meet stringent environmental regulations, emphasizing sustainability and reduced environmental impact.
• Jotun: Introduced a new skim coating solution with enhanced water resistance properties, ideal for regions with high humidity, ensuring a longer lifespan of coated surfaces.
• AkzoNobel: Rolled out a comprehensive training program for contractors and applicators to promote the correct use of its latest skim coating products, aiming to improve application techniques and final results.
Features of the Global Skim Coating Market
Market Size Estimates: Skim 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: Skim coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Skim 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 skim coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the skim coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the skim coating market size?
Answer: The global skim coating market is expected to reach an estimated $4.2 billion by 2030.
Q2. What is the growth forecast for skim coating market?
Answer: The global skim coating market is expected to grow with a CAGR of 3.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the skim coating market?
Answer: The major drivers for this market are growing demand for home & commercial space renovations, rising consumer preference for smooth and aesthetic interior finishes, and increase in construction activity in developing regions.
Q4. What are the major segments for skim coating market?
Answer: The future of the skim coating market looks promising with opportunities in the residential and commercial markets.
Q5. Who are the key skim coating market companies?
Answer: Some of the key skim coating companies are as follows:
• BASF
• Estop
• Lafarge
• Saint Gobain Gyproc
• Parex
• Laticrete International
• MTP
• Campbridge Paints
• CTS Cement Manufacturing
• Shubham Plasters
Q6. Which skim coating market segment will be the largest in future?
Answer: Lucintel forecasts that 26%-28% water demand is expected to witness higher growth over the forecast period.
Q7. In skim 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.
Q8. 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 skim coating market by type (26%-28% water demand and 28%-30% water demand), application (residential, commercial, 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 Skim Coating Market Market, Skim Coating Market Market Size, Skim Coating Market Market Growth, Skim Coating Market Market Analysis, Skim Coating Market Market Report, Skim Coating Market Market Share, Skim Coating Market Market Trends, Skim Coating Market Market Forecast, Skim Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.