PUBLISHER: Lucintel | PRODUCT CODE: 1386193
PUBLISHER: Lucintel | PRODUCT CODE: 1386193
The future of the global functional coating market looks promising with opportunities in the automotive, aerospace, construction, electronic, and marine markets. The global functional coating market is expected to reach an estimated $753.2 million by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing desire to increasing demand from end use industries like automotive and aerospace industries, elevated investment in research and development (R&D), along with rising governmental intiavtive to restrict the usage of hazardous chemicals and promote environmental sustainability worldwide.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global functional coating by product type, end use industry, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies functional coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the functional coating companies profiled in this report include-
Lucintel forecasts that corrosion-resistant coatings will remain the largest segment over the forecast period because it is designed to protect metallic surfaces from the effects of corrsion caused by exposure to environmental factors, such as mositure, salt, and chemicals, as well as, growing demand for durable, high-performance coatings capable of withstanding harsh environmental conditions over an extended period.
Within this market, automotive will remain the largest segment over the forecast period due to growing demand for coatings aimed at enhancing the functionality, performance, and durability of automotive parts and components, as well as, increasing desire for advanced technologies and lightweight materials to enhance fuel efficiency and reduce emissions.
APAC will remain the fastest growing region over the forecast period due to presence of swiftly growing economies like China and India, escalating investments in infrastructure development, and increasing demand from key sectors, such as automotive, construction, and electronics in this region.
Market Size Estimates: Functional coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Functional coating market size by product type, end use industry, and region in terms of value ($B).
Regional Analysis: Functional coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, end use industries, and regions for the functional coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the functional coating market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Answer: The global functional coating market is expected to reach an estimated $753.2 million by 2030.
Answer: The global functional coating market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Answer: The major drivers for this market are growing desire to increasing demand from end use industries like automotive and aerospace industries, elevated investment in research and development (R&D), along with rising governmental intiavtive to restrict the usage of hazardous chemicals and promote environmental sustainability worldwide.
Answer: The future of the functional coating market looks promising with opportunities in the automotive, aerospace, construction, electronic, and marine markets.
Answer: Some of the key functional coating companies are as follows:
Answer: Lucintel forecasts that corrosion-resistant coatings will remain the largest segment over the forecast period because it is designed to protect metallic surfaces from the effects of corrsion caused by exposure to environmental factors, such as mositure, salt, and chemicals, as well as, growing demand for durable, high-performance coatings capable of withstanding harsh environmental conditions over an extended period.
Answer: APAC will remain the fastest growing region over the forecast period due to presence of swiftly growing economies like China and India, escalating investments in infrastructure development, and increasing demand from key sectors, such as automotive, construction, and electronics in this region.
Answer: Yes, Lucintel provides 10% customization without any additional cost.