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US In-Mold Coatings Market

ID: MRFR/CnM/11790-HCR
100 Pages
Chitranshi Jaiswal
October 2025

US In-Mold Coatings Market Research Report: By Substrate (Sheet Molding Compounds (S.M.C.), Thermoplastic, Bulk Molding Compounds (B.M.C.), Others), By Type (Water-Based I.M.C., Powder, Solvent-Based I.M.C., Others) and By End-Use Industry (Automotive and Transportation, Building and Construction, Furniture and Sanitary, Electronics, Medical, others) - Forecast to 2035.

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US In-Mold Coatings Market Infographic
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US In-Mold Coatings Market Summary

As per MRFR analysis, the in mold-coatings market size was estimated at 45.0 USD Million in 2024. The in mold-coatings market is projected to grow from 47.5 USD Million in 2025 to 81.5 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.55% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US in mold-coatings market is experiencing a dynamic shift towards sustainability and technological innovation.

  • Sustainability initiatives are increasingly shaping product development in the US in mold-coatings market.
  • Technological advancements are driving efficiency and performance improvements across various applications.
  • Customization and versatility are becoming essential as manufacturers seek to meet diverse consumer needs.
  • Rising demand for lightweight materials and growth in consumer electronics are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 45.0 (USD Million)
2035 Market Size 81.5 (USD Million)
CAGR (2025 - 2035) 5.55%

Major Players

BASF SE (DE), Huntsman Corporation (US), Mitsubishi Chemical Corporation (JP), SABIC (SA), Covestro AG (DE), DuPont de Nemours, Inc. (US), Eastman Chemical Company (US), Axalta Coating Systems Ltd. (US)

US In-Mold Coatings Market Trends

The in mold-coatings market is currently experiencing a notable evolution. This evolution is driven by advancements in technology and increasing demand for high-performance materials. This sector is characterized by its application in various industries, including automotive, consumer goods, and electronics. The integration of in mold-coatings enhances product durability and aesthetic appeal, which appears to be a key factor influencing market growth. Furthermore, the emphasis on sustainability and eco-friendly solutions is prompting manufacturers to innovate and develop coatings that align with environmental standards. As a result, the market landscape is shifting towards more sustainable practices, which may attract a broader customer base. In addition, the in mold-coatings market is witnessing a rise in the adoption of advanced materials that offer superior properties such as scratch resistance and UV stability. This trend suggests that manufacturers are increasingly focused on meeting the evolving needs of consumers who prioritize quality and longevity in their products. The competitive nature of the market is likely to foster continuous innovation, as companies strive to differentiate their offerings. Overall, the in mold-coatings market is poised for growth, driven by technological advancements and a shift towards sustainable practices, which could redefine industry standards in the near future.

Sustainability Initiatives

The in mold-coatings market is increasingly influenced by sustainability initiatives. Manufacturers are focusing on developing eco-friendly coatings that minimize environmental impact. This trend aligns with consumer preferences for greener products, potentially enhancing market appeal.

Technological Advancements

Technological advancements are reshaping the in mold-coatings market. Innovations in formulation and application techniques are leading to improved performance characteristics. These developments may result in coatings that offer enhanced durability and aesthetic qualities.

Customization and Versatility

Customization and versatility are becoming prominent trends within the in mold-coatings market. Companies are responding to diverse consumer demands by offering tailored solutions. This adaptability could provide a competitive edge, allowing businesses to cater to specific industry needs.

Market Segment Insights

By Substrate: Sheet Molding Compounds (Largest) vs. Bulk Molding Compounds (Fastest-Growing)

In the substrate segment of the US in mold-coatings market, Sheet Molding Compounds (S.M.C.) hold the largest share, primarily due to their widespread application and versatility in various industries. This segment benefits from established production processes and a robust supply chain, ensuring consistent availability for manufacturers. Following S.M.C., Bulk Molding Compounds (B.M.C.) are also significant players, often preferred for their ease of processing and reliability in high-volume applications. As for growth trends, Bulk Molding Compounds (B.M.C.) are currently the fastest-growing substrate, driven by increasing demand for lightweight and durable materials in automotive and aerospace applications. The ongoing innovations in thermoplastic materials are also contributing to the rising interest in thermoplastics within this market. The overall shift towards more sustainable practices and materials further fuels this segment's expansion, as manufacturers seek to meet evolving regulatory standards and consumer preferences.

S.M.C. (Dominant) vs. B.M.C. (Emerging)

Sheet Molding Compounds (S.M.C.) are a dominant force in the substrate segment, characterized by their high strength-to-weight ratios and superior surface finish, making them ideal for a variety of applications, including automotive components and industrial equipment. On the other hand, Bulk Molding Compounds (B.M.C.) represent an emerging segment, known for excellent flow characteristics and hassle-free processing. These materials are increasingly favored in industries that prioritize quick turnarounds and efficiency, such as consumer goods and electrical components. The combination of these two segments reflects the diverse needs and trends in the market, as S.M.C. leads in established sectors while B.M.C. gains traction through innovation and modernization.

By Type: Water-Based I.M.C. (Largest) vs. Solvent-Based I.M.C. (Fastest-Growing)

The US in mold-coatings market is significantly impacted by its segment values, with Water-Based I.M.C. currently holding the largest share due to its eco-friendly appeal and regulatory support. Following this, Powder coatings possess a stable presence, while Solvent-Based I.M.C. is experiencing a notable increase in demand, attributed to its effectiveness in harsh environments. Other categories, such as specialty coatings, round out the segment but showcase a smaller market presence compared to the leading options. Growth trends within the US in mold-coatings market indicate a robust shift towards sustainable solutions, notably with Water-Based I.M.C. set to dominate the landscape. The drive for innovation leads to advancements in material formulations, enhancing performance and environmental compliance. Simultaneously, Solvent-Based I.M.C. is benefiting from rapid industrial adoption due to its adaptability and performance in diverse applications, positioning it as the fastest-growing segment.

Water-Based I.M.C. (Dominant) vs. Solvent-Based I.M.C. (Emerging)

Water-Based I.M.C. is characterized by its low VOC emissions, making it highly favorable among environmentally conscious consumers and aligning with increasing regulatory pressures. This segment not only leads in market share but also sets benchmarks for performance in the mold-coatings market. On the other hand, Solvent-Based I.M.C. represents an emerging segment known for its quick-drying properties and exceptional durability under various conditions. Its growing popularity can be attributed to its effectiveness in industrial applications, where performance is critical. As technology progresses, both segments are poised to evolve, with Water-Based I.M.C. taking precedence in sustainability and Solvent-Based I.M.C. expanding its reach through innovation.

By End-Use Industry: Automotive and Transportation (Largest) vs. Medical (Fastest-Growing)

In the US in mold-coatings market, the automotive and transportation segment holds the largest market share driven by the growing demand for durable and high-performance coatings. This significant presence is followed by sectors like building and construction, which cater to residential and commercial needs. Electronics and furniture also contribute to the market, though to a lesser extent, indicating the diverse application of mold coatings across industries. The medical segment is emerging rapidly, fueled by innovations in healthcare equipment and increasing investments in medical technologies. Factors such as the demand for biocompatible coatings and customization in the medical field are propelling this segment's growth. Residential and commercial building activities continue to stimulate the building and construction sector, while the automotive market benefits from trends towards lightweight materials and sustainability.

Automotive and Transportation: Dominant vs. Medical: Emerging

The automotive and transportation segment is characterized by its need for advanced mold coatings that provide high durability, corrosion resistance, and aesthetic appeal. This segment's dominance stems from the substantial investments made by automotive manufacturers in R&D to improve vehicle performance and longevity. In contrast, the medical segment is witnessing emerging growth as healthcare providers seek specialized coatings for devices that enhance safety and performance. Innovations in materials tailored for medical use are driving this sector forward, making it critical for manufacturers to adapt quickly to evolving standards. While automotive remains a stronghold in market share, the medical sector's adaptability could position it for significant future gains.

Get more detailed insights about US In-Mold Coatings Market

Key Players and Competitive Insights

The in mold-coatings market is characterized by a dynamic competitive landscape, driven by innovation, sustainability, and strategic partnerships. Key players such as BASF SE (Germany), DuPont de Nemours, Inc. (US), and Huntsman Corporation (US) are actively shaping the market through their distinct operational focuses. BASF SE (Germany) emphasizes innovation in product development, particularly in eco-friendly formulations, which aligns with the growing demand for sustainable solutions. Meanwhile, DuPont de Nemours, Inc. (US) is leveraging its extensive research capabilities to enhance the performance characteristics of its coatings, thereby solidifying its market position. Huntsman Corporation (US) appears to be focusing on strategic acquisitions to expand its product portfolio and market reach, indicating a proactive approach to capturing emerging opportunities.

The business tactics employed by these companies reflect a concerted effort to optimize supply chains and localize manufacturing processes. The market structure is moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. This competitive environment fosters innovation and drives companies to differentiate themselves through unique value propositions, such as enhanced durability and application versatility.

In September 2025, DuPont de Nemours, Inc. (US) announced the launch of a new line of bio-based in mold-coatings designed to reduce environmental impact while maintaining high performance. This strategic move not only addresses the increasing regulatory pressures for sustainable products but also positions DuPont as a leader in eco-conscious innovation, potentially attracting a broader customer base.

In October 2025, Huntsman Corporation (US) completed the acquisition of a specialty coatings manufacturer, which is expected to enhance its technological capabilities and expand its product offerings in the in mold-coatings segment. This acquisition underscores Huntsman's commitment to growth through strategic consolidation, allowing it to leverage synergies and improve its competitive stance in a rapidly evolving market.

In August 2025, BASF SE (Germany) entered into a partnership with a leading automotive manufacturer to develop advanced in mold-coatings that enhance the aesthetic appeal and durability of automotive components. This collaboration not only signifies BASF's focus on innovation but also highlights the importance of strategic alliances in driving product development and market penetration.

As of November 2025, the competitive trends in the in mold-coatings market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are becoming pivotal in shaping the landscape, enabling companies to pool resources and expertise. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to deliver superior products and sustainable solutions.

Key Companies in the US In-Mold Coatings Market market include

Industry Developments

Recent developments in the US In-Mold Coatings Market show a dynamic landscape with increased activity among key players. Mankiewicz Gebr. and Co. has recently enhanced its product portfolio to meet the growing demand for sustainable coatings, aligning with market trends favoring eco-friendly solutions. In September 2023, Sika AG announced the acquisition of a US-based specialty coatings company to expand its footprint in the In-Mold segment, reflecting a strategic effort to capture market share. BASF is also focusing on innovation, investing in Research and Development for high-performance In-Mold coatings that enhance durability and aesthetics.

Throughout 2022, RPM International expanded its offerings in the sector through the acquisition of a prominent coatings manufacturer, reinforcing its capabilities. The overall market valuation has seen significant growth driven by increased demand from the automotive and consumer goods sectors, resulting in heightened competition among manufacturers such as Hempel, PPG Industries, and Axalta Coating Systems. Furthermore, the adoption of advanced technologies in production processes has opened new avenues for efficiency and product quality, positioning companies for sustained growth in the coming years.

Future Outlook

US In-Mold Coatings Market Future Outlook

The in mold-coatings market is projected to grow at a 5.55% CAGR from 2024 to 2035, driven by advancements in manufacturing technologies and increasing demand for durable coatings.

New opportunities lie in:

  • Development of eco-friendly in mold-coatings to meet regulatory standards.
  • Expansion into automotive and aerospace sectors for specialized applications.
  • Investment in R&D for innovative formulations enhancing performance and durability.

By 2035, the in mold-coatings market is expected to achieve substantial growth and innovation.

Market Segmentation

US In-Mold Coatings Market Type Outlook

  • Water-Based I.M.C.
  • Powder
  • Solvent-Based I.M.C.
  • Others

US In-Mold Coatings Market Substrate Outlook

  • Sheet Molding Compounds (S.M.C.)
  • Thermoplastic
  • Bulk Molding Compounds (B.M.C.)
  • Others

US In-Mold Coatings Market End-Use Industry Outlook

  • Automotive and Transportation
  • Building and Construction
  • Furniture and Sanitary
  • Electronics
  • Medical
  • Others

Report Scope

MARKET SIZE 202445.0(USD Million)
MARKET SIZE 202547.5(USD Million)
MARKET SIZE 203581.5(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.55% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["BASF SE (DE)", "Huntsman Corporation (US)", "Mitsubishi Chemical Corporation (JP)", "SABIC (SA)", "Covestro AG (DE)", "DuPont de Nemours, Inc. (US)", "Eastman Chemical Company (US)", "Axalta Coating Systems Ltd. (US)"]
Segments CoveredSubstrate, Type, End-Use Industry
Key Market OpportunitiesGrowing demand for sustainable materials drives innovation in the in mold-coatings market.
Key Market DynamicsRising demand for sustainable materials drives innovation in the in mold-coatings market, enhancing competitive dynamics.
Countries CoveredUS

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FAQs

What is the expected market size of the US In-Mold Coatings Market in 2024?

The US In-Mold Coatings Market is expected to be valued at 34.0 million USD in 2024.

What will be the projected market value of the US In-Mold Coatings Market in 2035?

By 2035, the US In-Mold Coatings Market is anticipated to reach a value of 67.0 million USD.

What is the expected CAGR for the US In-Mold Coatings Market from 2025 to 2035?

The market is expected to grow at a CAGR of 6.361% during the forecast period from 2025 to 2035.

Who are the major players in the US In-Mold Coatings Market?

Key players in this market include Mankiewicz Gebr. and Co., Sika AG, BASF, and Eastman Chemical Company among others.

What is the market size for Sheet Molding Compounds (S.M.C.) in 2024?

In 2024, the market size for Sheet Molding Compounds (S.M.C.) is valued at 10.0 million USD.

What is the projected market size for Thermoplastic substrates in 2035?

The projected market size for Thermoplastic substrates is expected to reach 15.0 million USD by 2035.

How much is the US In-Mold Coatings Market for Bulk Molding Compounds (B.M.C.) valued at in 2024?

The market for Bulk Molding Compounds (B.M.C.) is valued at 12.0 million USD in 2024.

What is the estimated market value for 'Others' substrate segment in 2035?

The 'Others' substrate segment is estimated to be valued at 9.0 million USD in 2035.

What are the growth drivers for the US In-Mold Coatings Market from 2025 to 2035?

Growth drivers include increased demand in automotive and construction applications, along with advancements in coating technologies.

Are there any challenges impacting the growth of the US In-Mold Coatings Market?

Challenges include fluctuations in raw material prices and the need for compliance with environmental regulations.

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