Corrosion Under Insulation And Spray on Insulation Coatings Global Market Report 2023 – By Product (Solvent Based Coating, Water Based Paint, Powder Coating), By Material (Epoxy Anticorrosive Coating, Polyurethane Coating, Inorganic Zinc Rich Coating, Alkyd Coating, Acrylic Coating, Chlorinated Rubber Coating, Other Materials), By End User (Marine, Oil and Gas and Petrochemical, Energy and Power, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Aerospace coatings provide a high level of resistance against high-temperature ranges, extreme UV exposure, air drag erosion, humidity corrosion, and the effect of high-velocity dust particles. It also helps to resist cracking due to variable air pressures. Aerospace coatings are applied to jets, planes, helicopters, and other aircraft to preserve their beauty and guard against corrosion. The main types of aerospace coatings are top-coat, primer, and others. The top-coat is used as a seal, primary obstacles in the surroundings, protection from the climate, moisture, and chemicals, durability, and exterior resistance to abrasion. A top-coat is a transparent or translucent paint coat put over the underlying substrate. The topcoat in a paint system forms a resinous seal over the intermediate layers and primer. The different resins include epoxy, polyurethane, acrylic, and others that use various technologies such as solvent-based coatings, water-based coatings, powder coatings, and others. The several applications include exterior and interior that are employed by several users, such as commercial aviation, military aviation, general aviation, and others. The global aerospace coatings market is segmented – 1) By Product Type: Top-Coat, Primer, Other Product Types 2) By Resin: Epoxy, Polyurethane, Acrylic, Other Resins 3) By Technology: Solvent-Based Coatings, Water-Based Coatings, Powder Coatings, Other Technologies 4) By Application: Exterior, Interior 5) By End User: Commercial Aviation, Military Aviation, General Aviation, Other End Users The global aerospace coatings market size grew from $2.36 billion in 2022 to $2.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global aerospace coatings is expected to grow to $3.3 billion in 2027 at a CAGR of 6.6%. The growing demand for commercial aircraft is expected to propel the growth of the aerospace coatings market going forward. Commercial aircraft are a type of aircraft that is used to transport passengers or cargo on a scheduled basis for some payment. Increasing demand for commercial aircraft requires new commercial aircraft to be manufactured, thereby promoting the growth of aerospace coatings used to coat the interior and exterior of an aircraft. For instance, according to Boeing, a US-based aerospace company’s commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 aircraft by 2040. Therefore, the growing demand for commercial aircraft is driving the groeth of the aerospace coatings market. Major players in the aerospace coatings market are Akzo Nobel N.V., Henkel AG & Co. KGaA, Mankiewicz Gebr. & Co., Hentzen Coatings Inc., Badische Anilin und Soda Fabrik, IHI Ionbond AG, The Sherwin-Williams Company, Zircotec Ltd., Asahi Kinzoku Kogyo Inc., Brycoat Inc., Axalta Coating Systems Ltd., LORD Corporation, APV Engineered Coatings, Bry Coat Inc., Hardide PLC., Bodycote plc, PPG Industries, Oerlikon Balzers Coating S.A. Brügg, DowDuPont Inc., Hohman Plating & Manufacturing LLC, International Aerospace Coatings Holdings LP, Compagnie de Saint-Gobain S.A., AHC Oberflachentechnik, and NV Specialty Coatings. Product innovations are the key trends gaining popularity in the aerospace coatings market. Major companies operating in the aerospace coatings sector are focused on developing new technological and innovative products to strengthen their position in the market. For instance, in January 2022, Sherwin-Williams Aerospace Coatings, a US-based manufacturer of high-quality exterior and interior paint and coating systems, launched the Aircraft Color Visualizer platform, an online 3D color visualizer tool that lets users experiment with different color schemes for their aircraft. The Aircraft Color Visualizer is a fully interactive desktop tool that lets users design color schemes for six different types of aircraft, including kit planes, single and twin-turboprops, light and heavy-duty business jets, and helicopters. In December 2020, Xeriant Inc., a US-based aircraft company acquired a significant interest in its strategic alliance partner Xeriant Europe sro for an undisclosed amount. The acquisition enables Xeriant Inc to offer advanced aerospace material solutions and grow the revenue. Xeriant Europe sro is a Czech Republic-based company with a focus on advanced technologies to offer unique products in aerospace. North America was the largest region in the aerospace coatings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the aerospace coatings market share duing the forecast period. The regions covered in the aerospace coatings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aerospace coatings market consists of sales of epoxy and polyurethane used as primer in aerospace coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aerospace coatings market research report is one of a series of new reports from The Business Research Company that provides aerospace coatings market statistics, including aerospace coatings industry global market size, regional shares, competitors with aerospace coatings market share, detailed aerospace coatings market segments, market trends, and opportunities, and any further data you may need to thrive in the aerospace coatings industry. This aerospace coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The paints and coatings are products that manufactured by mixing pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water-repellent coatings for concrete and masonry, and/or produce allied paint products, such as putties, paint and varnish removers, paintbrush cleaners, and frit. The main types of paints and coatings are water-borne coatings, solvent-based coatings, powder coatings, and other types of paints and coatings. A waterborne coating is an environmentally friendly surface treatment that uses water as a solvent to disperse the resin used to make the coating or paint. The types of resins are acrylic, polyurethane, polyesters, epoxy, alkyd, and other types of resins. The performance range includes the commodity coating range, the engineering coating range, and the high-performance coating range. The applications involved are architectural, automotive, wood, packaging, aerospace, and other applications. The global paints and coatings market is segmented – 1) By Type: Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings 2) By Application: Architectural, Automotive, Wood, Packaging, Aerospace, Other Applications 3) By Type of Resin: Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd, Other Type of Resins 4) By Performance Range: Commodity Coating Range, Engineering Coating Range, High-Performance Coating Range The global paints and coatings market grew from $230.96 billion in 2022 to $248.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The paints and coatings market is expected to grow to $326.09 billion in 2027 at a CAGR of 7.0%. There is a rapid growth in the consumption of paints and coatings in many industries. Paints and coatings are widely used in the automotive, construction, and manufacturing industries. For instance, the global building construction market is expected to increase from $6.6 trillion in 2019 to $8.4 trillion in 2022. Similarly, the global transportation manufacturing market is expected to increase from $6.8 trillion in 2019 to $7.8 trillion in 2022. Decorative paints and coatings are widely used in buildings and construction, whereas protective paints and coatings are linked closely to the automotive, major appliance, and industrial equipment industries. Therefore, growth in end-user industries is expected to drive the paints and coatings market during the forecast period. Major companies in the paints and coatings market include Sherwin Williams Co, PPG Industries Inc., Akzo Nobel N.V, BASF SE, Nippon Paint Holdings Co Ltd., Axalta Coating Systems Ltd., Kansai Paint Co. Ltd., Asian Paints Limited, RPM International Inc., and Arkema SA. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the paints and coatings market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of "lock down." The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the paints and coatings market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Biocides are being used in paints to enhance their longevity and to maintain their quality. Biocide additives have been designed to protect paints from getting damaged during storage or to keep fungi and algae from growing on the applied paints. The market for biocides in paints will continue to grow due to the switch from solvent-based to water-based paints as they are not hazardous for human health and the environment and minimize fungal and algae growth. However, the replacement of traditional biocides based on chlorine and formaldehyde with environmentally friendly biocides adds to the cost of paint production. For instance, some of the major companies using biocide in paint manufacturing include The Dow Chemical Company, Troy Corporation, BASF SE, Thor Group, and AkzoNobel N.V. Asia-Pacific was the largest region in the paints and coatings market in 2022. Western Europe was the second-largest region in the paints and coatings market. The regions covered in the paints and coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the paints and coatings market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The paints and coatings market consists of the sales of polyurethane coatings, epoxy coatings, alkyd coatings, zinc-rich coatings, and acrylic coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The paints and coatings market research report is one of a series of new reports from The Business Research Company that provides paints and coatings market statistics, including paints and coatings industry global market size, paints and coatings market regional shares, competitors with a paints and coatings market share, detailed paints and coatings market segments, market trends and opportunities, and any further data you may need to thrive in the paints and coatings industry. This paints and coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the paints and coatings industry.

Waterborne coatings are coatings that use water as a solvent to spread a resin, making them environmentally safe and simple to apply. Waterborne coatings utilize binders such as copolymers of acrylic, vinyl, and styrene compounds. The main types of water-borne coatings are acrylic, epoxy, polyurethane, polyester, alkyd, polyvinylidene chloride (PVDC), polyvinylidene fluoride (PVDF), and others. Polyurethane is a type of plastic that is commonly used to manufacture paint or substances that prevent water or heat from getting through. The water-borne coatings are applied in appliances, automotive, architectural, marine, packaging, wood, and general industry and are used by building and construction, automotive, industrial, wood, and other sectors. The global water borne coatings market is segmented - 1) By Type: Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Types 2) By Application: Appliances, Automotive, Architectural, Marine, Packaging, Wood, General industrial 3) By End Userr Industry: Bilding and Construction, Automotive, Industrial, Wood, Other End-User Industries The global water borne coatings market size will grow from $107.98 billion in 2022 to $114.8 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the water borne coatings is expected to grow from $142.61 billion in 2027 at a CAGR of 5.6%. Major players in the water borne coatings market are BASF SE, Axalta Coating Systems LLC., Berger Paints India Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, and Tikkurila Oyj. There is a rapid growth in the consumption of water-borne coatings in many industries, such as automotive, construction, and manufacturing. Water-borne coatings are widely used in printing inks, in the automotive OEM sector, plastics, and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for waterborne coatings. Rising costs are acting as a restraint on the waterborne coatings market. The rise in raw material costs resulted in higher manufacturing costs, thus decreasing investment in research and development of new products. For instance, according to a blog by HPS Hygienic Pigging Systems, a UK-based integrated design and manufacturing company, the prices of raw materials used to make paint and coatings such as solvents increased in March 2021 with acetone at 123%, n-butyl acetate at 91%, and n-butanol at 54% respectively. The prices of raw materials increased by 10% more in June 2021 and by around 50% in December 2021. Thus, the rise in raw material costs will restrict the growth of the water borne coatings market. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs puts pressure on companies to protect margins while maintaining the quality of their products. Smart coatings and high-performance coating technologies are being adopted by companies to enhance the efficiencies of coating compounds. Nanocoatings are a type of smart coating that has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion, and micro-bacterial growth. Fluoropolymer coating is known for its high-performance properties such as durability and cost-efficiency. Asia-Pacific was the largest region in the water-borne coatings market in 2022. Western Europe was the second-largest region in the global water-borne coatings market analysis. The regions covered in the global water-borne coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water borne coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The waterborne coatings market consists of the sales of waterborne powder, urethane, and fluoropolymer waterborne coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The water-borne coatings market research report is one of a series of new reports from The Business Research Company that provides water-borne coatings market statistics, including global market size, regional shares, competitors with a water-borne coatings market share, detailed water-borne coatings market segments, market trends and opportunities, and any further data you may need to thrive in the water-borne coatings industry. This water-borne coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Powder coating is a finishing process that keeps the binder and filler parts in a liquid suspension form. Powder coating is a technique that generally involves coating an entity with free-flowing, dry powder electrostatically and then curing it under heat or with ultraviolet light. The main types of powder coatings are thermoset and thermoplastic. Thermoset materials are used in the majority of powder coating techniques because they can offer a durable and beautiful surface layer. The main coating methods are electrostatic spray and the fluidized bed that is applied in appliances, automotive, architectural, furniture, agriculture, construction, earthmoving equipment (ACE), general industrial, and other sectors. The global powder coatings market is segmented - 1) By Type: Thermoset, Thermoplastic 2) By Coating Method: Electrostatic Spray, Fluidized Bed 3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications The global powder coatings market size will grow from $17.82 billion in 2022 to $19.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global powder coatings is expected to grow from $24.79 billion in 2027 at a CAGR of 6.7%. Powder coatings release a negligible amount of volatile organic compounds (VOC) when compared to solvent-based coatings. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are trying to enforce different regulatory acts to reduce the emissions of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, limitations on products that generate high VOCs promote the sales of powder coatings, thereby driving the market. Major players in the powder coatings market are AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems, Kansai Nerolac Paints Limited, Jotun, IFS Coatings, The Valspar Corporation, Asian Paints, and RPM International Powder coating is an energy-intensive process that consumes more energy during the curing process. Curing is a chemical process where paint is allowed to dry and harden. The high consumption of energy increases the operating expenses of manufacturing companies. For example, in Sweden, nearly 350 powder coating plants are using more than one metric ton of coating powder, which accounts for the total energy usage of 525 GWh/year, corresponding to 1.5 GWh/year per plant. Thus, the high energy consumption of powder coating restrains the growth of the market. Companies are now focusing on a new coating technology for heat-sensitive substrates such as medium-density fiberboard (MDF). This technology consumes less power as the curing process is done at a lower temperature compared to the conventional method. For instance, IGP-RAPID, released by IGP, is based on new raw materials combined with IGP technology and enables low-temperature powder coatings at 266 °F (130 °C) and curing times of 3 minutes. This technology is ecological, enhances product design, and provides long-term functional protection. Asia-Pacific was the largest region in the powder coatings market in 2022. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the global powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the powder coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The powder coating market consists of the sales of epoxies, polyesters, super durable polyesters, epoxy-polyester hybrids, fluoropolymers, and urethanes powder coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The powder coatings market research report is one of a series of new reports from The Business Research Company that provides powder coatings market statistics, including powder coatings industry global market size, regional shares, competitors with a powder coatings market share, detailed powder coatings market segments, market trends and opportunities, and any further data you may need to thrive in the powder coatings industry. This powder coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Solvent-based coatings contain organic compounds like solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen. Solvent-based coatings include high levels of organic compounds than water-based coatings and offer a long durability. The main types of solvent-based coatings market are one-component system solvent-borne coatings and two-component system solvent-borne coatings. A two-component (2K) solvent-borne coating formulation consisting of dispersion as a first component and an acrylate binder with hydroxyl functionalities. The solvent-based coatings are applied in automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks that are used in utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals. The global solvent based coatings market is segmented - 1) By Type: One Component System Solvent Borne Coating, Two Component System Solvent Borne Coating 2) By Application: Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks 3) By Industry Vertical: Utilities, Oil & Gas Industry, Manufacturing Industry, Hospitals, Other Industry Verticals The global solvent based coatings market size will grow from $38.09 billion in 2022 to $41.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global solvent based coatings is expected to grow from $58.73 billion in 2027 at a CAGR of 8.9%. Solvent-based coatings are beneficial in humid environments. The time required to dry solvent-based coatings is very short when compared to water-based coatings, which are less efficient in humid environments. Solvent-based coatings are composed of liquefying agents that help speed up the drying process through a chemical reaction with the oxygen available in the environment. This nature of solvent-based coatings makes them easy to apply in a humid environment and at different temperatures. Moreover, many industries prefer solvent-based coatings to avoid chemical reactions owing to their quick-drying nature. For example, companies like Jamestown Coating Technologies produce industrial paints that are solvent-based and more durable when compared to water-based coatings. Thus, the nature of quick-dry in solvent-based coatings benefits their application in humid environments and thereby contributes to the growth of the solvent based coatings market. Major players in the solvent based coatings market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA. Solvent-based coatings release volatile organic compounds (VOC) into the environment, causing environmental damage and affecting human health. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are coming up with different regulatory acts to curb the emission of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, the emission of VOCs into the atmosphere from solvent-based coatings limits the growth of the solvent based coatings market. The adoption of PET technology is increasing as it enables the homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments in the organic phase, which is a solvent phase. The main performance of the coatings comes from the bulk of the binder composition. However, additional polymer features such as crosslinking, oxidative or UV (Ultra Violet) curing, and specific morphology can boost overall performance, improving the dirt pick-up resistance in most cases. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources. Some of the major companies that have adopted this technology are Vermont Photo Inkjet, AkzoNobel N.V., Sherwin-Williams Company, and RPM International Inc. Asia-Pacific was the largest region in the solvent based coatings market in 2022. Western Europe was the second-largest region in the solvent based coatings market report. The regions covered in the solvent based coatings industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent based coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The solvent based coatings market consists of the sales of alkyd, polyester high solids, single component epoxy, 2-component urethane & epoxy, fluoropolymer 2-component, and non-isocyanate 2-component acrylic solvent-based coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The solvent based coatings market research report is one of a series of new reports from The Business Research Company that provides solvent based coatings market statistics, including solvent based coatings industry global market size, regional shares, competitors with a solvent based coatings market share, detailed solvent based coatings market segments, market trends and opportunities, and any further data you may need to thrive in the solvent based coatings industry. This solvent based coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A conformal coating is a thin polymeric layer that is applied to a printed circuit board (PCB) to secure it and its components from corrosion and the environment. These coatings conform to the irregular landscape of the printed circuit board and offer increased operational integrity, dielectric resistance, and reliability. The main types of conformal coatings are acrylic, silicone, epoxy, urethane, and perylene. Acrylic is a cross-linking system that ensures the adhesion of coatings or paints made from acrylic resin. Acrylic paints are usable in organic solvent-borne, waterborne, powder, and radiation-curable formulations. They're also used in architectural and decorative finishes, as well as to coat industrial products. Silicone conformal coatings provide good chemical resistance, moisture resistance, and salt spray resistance, are very flexible, and are commonly used in high-humidity environments. Epoxy conformal coatings provide very good humidity resistance, are not generally permeable, and are common in potting compounds. Urethane conformal coatings offer excellent moisture and chemical resistance and are commonly specified for aerospace applications where exposure to fuel vapours is a common concern. Parylene conformal coatings are applied by vapour phase deposition and offer excellent dielectric strength and superior resistance to moisture, solvents, and extreme temperatures. The technologies involved in conformal coatings are water-based, solvent-based, UV-cured, and operate in different methods such as dip coating, brush coating, spray coating, and chemical vapour deposition. It is implemented in different verticals such as automotive, consumer electronics, aerospace and defense, industrial, and telecommunications. The global conformal coatings market is segmented - 1) By Type: Acrylic, Silicone, Epoxy, Urethane, Parylene 2) By Technology: Water-Based, Solvent-Based, UV-Cured 3) By Operation Method: Dip Coating, Brush Coating, Spray Coating, Chemical Vapor Deposition 4) By End-Use: Automotive, Consumer Electronics, Aerospace and Defense, Industrial, Telecommunication The global conformal coatings market size grew from $12.63 billion in 2022 to $13.72 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global conformal coatings is expected to grow to $17.84 billion in 2027 at a CAGR of 6.8%. The growth in demand for the consumer electronics industry is expected to propel the growth of the conformal coatings market. The consumer electronics industry consists of a range of electronic products such as smartphones, TVs, and personal computers. Conformal coatings are used in consumer electronics to combat chemicals, hazardous external conditions, and toxins in offices and residences. For instance, according to ClearSale, a US-based company, the consumer electronics sector's revenue is expected to exceed $450 billion by 2024. Therefore, the growth in demand for conformal coatings from the consumer electronics industry is expected to drive the conformal coatings market growth. Major players in the conformal coatings market are Chase Corporation, Dow Corning Ltd., Dymax Corporation, Electrolube Limited, H.B. Fuller Company, Henkel AG & Co. KgaA, MG Chemicals Ltd., Shin-Etsu Chemical Co. Ltd., Cytec Industries Incorporated, Europlasma NV, Glenro Inc., and Specialty Coating System. The increase in technological advancements is shaping the conformal coating market. Major companies operating in the conformal coating sector are focused on developing technological solutions for conformal coating. For instance, in February 2020, The Dow Chemical Company, a chemical manufacturing company, launched the DOWSIL CC-8030 UV and Moisture Dual Cure Conformal Coating at the IPC APEX EXPO, the company's first solventless silicone conformal coating with an ultraviolet (UV) and moisture dual-cure device for maximum efficiency. Through automated spraying and quick, energy-efficient UV curing, the new environmentally friendly silicone technology enables sustainability, health, and safety while lowering processing costs. In December 2020, Chase Corporation, a US-based specialty chemicals company, acquired ABchimie for a deal amount of $21.4 million. The acquisition would enable Chase Corporation to widen its electronics coating product portfolio among the sealants, adhesives, and additives reporting segments with high-performance, environmentally friendly technology. ABchimie is a France-based company that manufactures and distributes professional solutions for resins, conformal coatings, silicones, maintenance, and cleaning solutions. Asia-Pacific was the largest region in the conformal coatings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conformal coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the conformal coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The conformal coatings market consists of sales of selective coating and automated spraying method of conformal coatings application techniques. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The conformal coatings market research report is one of a series of new reports from The Business Research Company that provides conformal coatings market statistics, including conformal coatings industry global market size, regional shares, competitors with a conformal coatings market share, detailed conformal coatings market segments, market trends and opportunities, and any further data you may need to thrive in the conformal coatings industry. This conformal coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Chemicals are used in antimicrobial coatings to prevent pathogen growth by disrupting cellular membranes. In other words, an antimicrobial coating is a chemical substance that is applied to a surface to prevent disease-causing microorganisms from growing. These coatings not only improve the surface's durability, appearance, corrosion resistance, and so on, but they also protect it against disease-causing bacteria. The main types of antimicrobial medical device coatings are metallic coatings and non-metallic coatings. Metallic coatings contain a metallic element or alloy and are applied on devices or equipment for protection against corrosion, sunlight, and oxidation. Metallic coatings consist of silver coatings, copper coatings, and other metallic coatings. Non-metallic coatings can be added to metallic coatings to produce effective wear-resistant coatings. The different types of devices include catheters, implantable devices, surgical instruments, and others. It is implemented in areas such as orthopedics, general surgery, dentistry, cardiovascular, gynecology, and others and is used in hospitals, diagnostic centers, and ambulatory surgical centers. The global antimicrobial medical device coatings market is segmented - 1) By Type of Material: Metallic Coatings, Non Metallic Coatings 2) By Device Type: Catheters, Implantable Devices, Surgical Instruments, Other Device Types 3) By Application: Orthopedics, General Surgery, Dentistry, Cardiovascular, Gynecology, Other Applications 4) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers The global antimicrobial medical device coatings market size grew from $2.1 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The antimicrobial medical device coatings market size is expected to grow to $4 billion in 2027 at a CAGR of 13.2%. The rising cardiovascular diseases drive the growth of the antimicrobial medical device coatings market over the coming years. CVDs (cardiovascular diseases) are a category of heart and blood vessel problems. Cardiovascular diseases (CVDs) are the primary, source of death worldwide with low- and middle-income nations accounting for three-quarters of CVD deaths. Antimicrobial coated cardiovascular devices are used for the treatment of cardiovascular diseases and disorders. According to the World Health Organization (WHO) report in 2021, cardiovascular diseases claimed the lives of 17.9 million individuals worldwide in 2019, accounting for 32% of all deaths. Heart attacks and strokes were responsible for 85% of these deaths. Major players in the antimicrobial medical device coatings market are AST Products Inc., BioInteractions Ltd., Covalon Technologies Ltd., Royal DSM, Hydromer, BASF SE, Sciessent LLC, DuPont de Nemours Inc., Kraton Corporation, Sono-Tek Corporation, and Microban International. The growing technological advancements are shaping the antimicrobial medical device coatings market. Major companies operating in the antimicrobial medical device coating sector are focused on developing technological solutions for antimicrobial medical device coatings to prevent the spread of viruses. For instance, in November 2020, Zonitise Ltd., a UK-based biotech firm, introduced an antimicrobial surface treatment based on nanotechnology that has been shown to destroy hazardous viruses and bacteria for up to twelve months after one application, including TGEV COVID-19, the model virus for SARS COV 2. This coating not only disinfects surfaces but also protects them in an antimicrobial sealant that destroys and prevents the formation of any hazardous bacteria that come into touch with it for up to twelve months. In February 2021, Bain Capital, a US-based investment firm, and Cinven, a UK-based private equity firm acquired Lonza Specialty Ingredients (LSI), a division of Lonza AG for $4.7 billion. Through this acquisition, LSI provides a range of differentiated specialty chemical products, underpinned by strong R&D capabilities, regulatory and IP protections, and a highly qualified and dedicated workforce. Lonza Specialty Ingredients (LSI) is a US-based company that specializes in microbial control for personal care as well as mold and other potential pathogen prevention in homes, schools, workplaces, and the environment. North America was the largest region in the antimicrobial medical device coatings market in 2022. Europe was the second-largest market in the antimicrobial medical device coatings market. The regions covered in the antimicrobial medical device coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the antimicrobial medical device coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The antimicrobial medical device coatings market consists of sales of non-metallic antimicrobial medical device coating including polymeric and organic coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The antimicrobial medical device coatings market research report is one of a series of new reports from The Business Research Company that provides antimicrobial medical device coatings market statistics, including antimicrobial medical device coatings industry global market size, regional shares, competitors with an antimicrobial medical device coatings market share, detailed antimicrobial medical device coatings market segments, market trends and opportunities, and any further data you may need to thrive in the antimicrobial medical device coatings industry. This antimicrobial medical device coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart coatings market consists of sales of smart coatings by entities (organizations, sole traders, and partnerships) that are used to provide a variety of functions in addition to corrosion protection. Smart coatings are special films with preset features that allow them to detect and respond to external stimuli such as the environment. Corrosion prevention, material protection, and other surface improvement applications can all benefit from the coatings' self-healing and self-repair capabilities. The main types of smart coatings are single-layer, and multi-layer. Single-layer boards, also known as single-sided boards, are made up of components on one side and a conductor pattern on the other. Single-layer anti-reflection coating could be made non-reflective only at one wavelength, generally in the middle of the visible. The different functions include anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing and are used in automotive, aerospace, construction, military, and healthcare. The global smart coatings market is segmented – 1) By Product: Single-Layer, Multi-Layer 2) By Function: Anti-Corrosion, Anti-Icing, Anti-Fouling, Anti-Microbial, Self-Cleaning, Self-Healing 3) By Application: Automotive, Aerospace, Construction, Military, Healthcare, Other Applications The global smart coatings market size grew from $4.01 billion in 2022 to $5.15 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global smart coatings is expected to grow to $12.4 billion in 2027 at a CAGR of 24.6%. Increasing demand from the construction industry is expected to propel the growth of the smart coatings market. The construction industry mainly involves building and repairing structures. Smart coatings are special films that provide predefined properties to make them sense and respond to external environmental and stimuli. Smart coatings powered by nanotechnology are quickly becoming an excellent solution that has unique and powerful solutions for corrosion prevention. For instance, according to the Indian Ministry of Statistics and Programme Implementation, in 2022, the construction sector is expected to grow in double digits at 10.7%. Thus, the increasing demand from the construction industry will drive the growth of the smart coatings market. Major players in the smart coatings market are DuPont de Nemours Inc., PPG Industries Inc., Bayer AG, BASF SE, The Dow Chemical Co., 3M Company, Akzo Nobel N.V., Jotun A/S, The Sherwin-Williams Company, NEI Corporation, RPM International Inc., Ancatt Inc., Hempel As, and Koninklijke DSM N.V. . Technological advancements are the key trends gaining popularity in the smart coatings market. Innovations in technology and the increasing trend of smart coatings technology is encouraging market demand. Major players in the market are focusing on developing technologically advanced products for market growth. For instance, in September 2021, PPG Industries Inc., a US-based company that develops and delivers paints, coatings, and specialty materials launched PPG Sigma Sailadvance NX coating, a key antifouling technical breakthrough. The coating reduces fuel use and associated carbon dioxide (CO2) emissions, resulting in cheaper total operating costs and a greater contribution to global carbon reduction goals. A biocide package in the PPG Sigma Sailadvance NX coating tackles a wide range of global fouling growth conditions, from bacterial slime to soft fouling to aggressive animal fouling. In February 2022, The Sherwin-Williams Company, a US-based paint, and coating manufacturing company acquired AquaSurTech, for an undisclosed amount. This acquisition would strengthen Sherwin-Williams’ position as a leading provider of coatings solutions in the building products market. AquaSurTech is a Canada-based company involved in the development, manufacturing, and sale of durable, environmentally-friendly coatings. Asia-Pacific was the largest region in the smart coatings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the smart coatings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart coatings market consists of sales of smart coatings including antifungal and ant fingerprinting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart coatings market research report is one of a series of new reports from The Business Research Company that provides smart coatings market statistics, including smart coatings industry global market size, regional shares, competitors with a smart coatings market share, detailed smart coatings market segments, market trends and opportunities, and any further data you may need to thrive in the smart coatings industry. This smart coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.