Composites Coatings Market - Forecasts from 2025 to 2030

The composites coatings market is anticipated to grow from US$2.477 Billion in 2025 to US$3.460 Billion in 2030 at 6.91% CAGR.

Composite coatings are a succession of protective layers applied on a substrate like steel, concrete, or any material. The substrate corrosion protection is achieved by combining composite coatings of at least two substances. These generally form two or more layers of an epoxy resin and a polyurethane synthetic resin.

The most common use for composite coatings is in construction. They are generally applied to protect steel from corrosion. However, they also have intumescent and thermal barrier applications on concrete and other materials. In such applications, they would be low VOC and very lightweight.

Other applications are in the manufacturing, automobile, aerospace, and oil and gas industries. Composite coatings made in all these industries vary from one another. All carry out the same purpose: to protect and reinforce the host substrate.

Composite coatings market drivers

• Growing demand from the paint and coating industry

The construction and building industry worldwide is growing at a significant rate. 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 majority of urbanization is taking place in the Asia Pacific, Middle East, and Africa regions. The coatings market's growth is mainly due to the rising requirement for corrosion-resistant coatings in different industries. Furthermore, the demand for powder coatings and high-performance coatings for industrial applications is also a growth factor. According to the European Union, in December 2023, compared with December 2022, construction increased by 1.9% in the euro area and by 2.4% in the European Union.

Eurostat states that in the European Union, building construction increased by 1.1% in 2023 compared to 2022, and civil engineering increased by 4.1%. This rise in the construction industry reflects an overall increase in raw materials for its inputs.

The composites coatings market is segmented into five regions worldwide:

By geography, the composites coatings market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific.

North America is estimated to have a large market share for composite coatings in the chemical synthesis industry as the U.S. Chemical Sector transforms raw materials into more than 70,000 diverse chemical products. The automotive and construction industries and customers' demand for durability and aesthetic appeal are driving the North American composite coatings market. Growing demand for fuel-efficient vehicles and severe pollution restrictions have resulted in using lightweight materials and innovative coating techniques.

Europe has a demand for adhesives, paints, emulsions, and coatings from several industries, including the automotive industry. In this regard, Europe produced 14.8 million vehicles in 2023, including 12.2 million cars.

Additionally, the major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. The composites coatings market will observe the highest growth within the Asia Pacific region during the forecast period because its usage will grow due to rising demand within the automobile, packaging, and construction sectors. For example, Invest India claims that the Indian construction market will reach USD 1.4 trillion by 2025, whereas the cities alone will contribute 70% of the national GDP.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The composites coatings market is segmented and analyzed as follows:

By Technique

• Laser Melt Injection
• Brazing
• Electroless Plating
• Others

By Application

• Anti-Corrosion
• UV Protection
• Thermal Protection
• Others

By End User Industry

• Aerospace
• Automotive
• Construction
• Marine
• Oil & Gas
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific