PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627171
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627171
The clear coatings market is anticipated to be valued at US$25.874 billion in 2025, growing at a CAGR of 3.99% to make US$31.469 billion in 2030.
A clear coating is considered one of the premium material coatings in the form of either water- or solvent-based application. In general, it contains an advanced cross-linking mechanism, which explains the strong bonding properties. Owing to this, the clear coating helps almost all metal substrates.
This coating is a good substitute for oil-based rust or corrosion preventives. It is stable under extreme heat conditions and can be topped with primers or paints without removal. When it is used in combination with other types of coatings, the clear coating can greatly extend the lifespan of the metal surface.
The best application for clear coatings is on copper and its alloys. The substances are corrosion resistant, although, due to handling and environmental exposure, they can leave superficial discoloration on them over time. These clear coats are applied on the surfaces to preserve their appearance.
clear coatings market drivers
The construction and building industry worldwide is showing significant growth. One of the major reasons for this industry's expansion is the growing global urbanization. Urbanization causes the rapid industrialization of the country and region. The major part of the urbanization is taking place in Asia Pacific, Middle East, and Africa. The increasing need for corrosion-resistant coatings in various industries primarily drove the coatings market growth. Additionally, the demand for powder coatings and high-performance coatings for industrial applications further contributes to the growth. As per the European Union, in December 2023, compared with December 2022, production in construction increased by 1.9% in the euro area and by 2.4% in the European Union.
According to Eurostat, the annual average production in construction for 2023, compared with 2022, increased slightly. However, in the European Union, building construction increased by 1.1% in 2023 compared to 2022, and civil engineering increased by 4.1%. This increase in the construction industry indicates an overall increase in raw materials for inputs in the construction industry.
Clear coatings market geographical outlook
By geography, the clear coatings market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region.
The Asia Pacific region is expected to see the fastest growth in the clear coatings market due to increasing automobile, packaging, and construction applications.
For instance, as per Invest India, the construction industry in India is estimated to reach USD 1.4 trillion by 2025, and the cities are expected to generate 70% of the national GDP.
North America is expected to have a significant market share for clear coatings in the chemical synthesis industry, as the U.S. Chemical Sector converts raw materials into more than 70,000 diverse chemical products. The automotive and construction industries primarily drive the North American clear coatings industry and customer demands for durability and aesthetic appeal. Increasing demand for fuel-efficient automobiles and severe pollution restrictions have resulted in using lightweight materials and innovative coating methods. Europe has the adhesives, paints, emulsions, and coatings demand from several industries which majorly includes the automotive industry. In this regard, Europe produced 14.8 million vehicles in 2023, including 12.2 million cars.
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