Protective Coatings Market is Expected to Rise at a CAGR of 5.2% during 2022 – 2028

Market Synopsis

 According to the MRFR analysis, the Global Protective Coatings Market was valued at more than USD 17.22 billion in 2018 and is expected to reach over USD 24.55 billion by the end of 2028 at a CAGR of 5.2%.

A protective coating is a barrier of paint or powder coatings that are applied on a material surface to prohibit corrosion thus, helps in making the metal inert from environmental changes. Protective coatings are important as they help to extend the lifetime of the substrate. Protective coatings can act as a barrier, sacrificial surface or as an inhibitive to protect the underlying element from water, oxygen, chemicals to hinder corrosion.

Pricing and Regulatory Analysis

The stringent standards and regulations for coatings used in automotive, building & construction and oil & gas industries are likely to propel the growth of the global protective market during the assessment period. For instance, the National Association of Corrosion Engineers– RP0188, for ‘Testing of Protective Coatings’, European Federation of Corrosion–  EFC 20, for ’Organic & Inorganic Coatings for Corrosion Prevention’, American National Standards Institute–  ANSI Z535.1, for ‘ Safety Color Code’, the European Paints Directive 2004/42/EC, for ‘the maximum amount of VOCs content’.


By Material Type

  • Acrylic: The largest segment with a share of around 42% in 2018 and the segment is expected to register the highest CAGR of 40% during the forecast period. These are resistant to water, chemicals, corrosion, and exhibit excellent color retention. In 2017, acrylic paints and coating market was valued around USD 57.04 billion. Moreover, in the same year, 51.1% of global acrylic resin was consumed in the paints & coatings industry in Asia-Pacific, which was sized around 10,503 KT.

  • Epoxy: The second-largest segment of the global protective coating market, holding 22% share in 2018, due to its unique properties such as easy handling and are resistant toward chemical and temperature.

  • Polyurethane: Polyurethane resin are used as binders in protective coatings, owing to its properties such as durability, abrasion resistance, toughness, and high gloss polyurethane resins are majorly used in applications such as marine & aircraft coatings, oil field equipment coatings, and wood coating.

  • Alkyd: Held a significant share of the global protective coating market. As a result, the resin being resistant towards humidity and abrasion they are a good choice for cabinets & furniture, kitchens, and bathrooms.

  • Polyester: Resins are UV-resistant and water permeable are mainly used as decorative coatings for ceramics, metals, and glass.

  • Others: The segment includes fluoropolymer and polyether ether ketone

By Product Type

  • Solvent-borne: The segment held the largest share of the Global Protective Coating Market in 2018, owing to its excellent resistance to corrosion. They are used as protective coatings, especially in the building & construction industry, however, the regulations for usage of VOCs in paints and coatings are expected to hinder the market growth.

  • Water-borne: It is expected to be the most opportunistic segment during the forecast period, as these coatings have low VOC content thus, making them a sustainable product and increasing their demand. However, these coatings are more susceptible to environmental changes such as temperature and humidity, compared to solvent-borne, which deems to hinder the segment’s growth.

  • Powder-based: Powder-based protective coatings are usually applied as a decorative and protective finish in metals owing to them being more resistant to fading, wearing, and scratching than other finishes. Power protective coatings are usually applied by spraying onto the surface of the substrate.

By End-Use Industry

  • Building & Construction: Held the largest market share of over 70% in 2018 and is expected to follow the same trend during the forecast period. They are mainly used in the architectural segment, as rust-resistant coatings in residential and non-residential purposes for coating metals, floors, woods, walls, and others. In 2017, the architectural segment, in paints & coatings was valued at around USD 78 billion.

  • Automotive: The segment held the second-largest share of the global protective coatings market, owing to their need in automobiles to protect the surface from abrasion, scratches, temperature changes, and water.

  • Oil & Gas: Owing to the constant contact of offshore machinery with seawater and prolonged exposure to UV rays leads to the need of protective coatings like non-skid coatings on decks, fire and heat-resistant coating, and high-visibility colors, which thereby is expected to boost the market growth.

  • Aerospace & Defense: Uses protective coatings to prevent corrosion on the material surface at high altitudes due to changing environmental conditions such as humidity and temperature.

  • Power Generation: Require high-temperature resistant coating in cooling towers and turbines.

  • Marine: Water and chemical resistant coatings are required to prevent corrosion of ships and submarines surfaces.

  • Others: The segment includes energy and mining.

By Region

  • North America: Market growth is driven by the demand for aluminum protective coatings in aerospace, automotive, and marine industries.

  • Europe: Driven by the presence of global leaders of the oil & gas and automotive industry.

  • Asia-Pacific: The largest and most opportunistic market.

  • Latin America: Increase in the number of assembling plants for automobiles.

  • Middle East & Africa: Strong base oil & gas industry and rising construction activities

Access Full Report Details: Protective Coatings Industry

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Report details
Companies Covered 15
Pages 111
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.