Market Overview:
The global thermosetting coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermosetting coatings from various end-use industries, such as automotive, electronic product, and building. In terms of type, the amino alkyd coating segment is projected to lead the global thermosetting coatings market during the forecast period. This can be attributed to its properties such as high durability and resistance against corrosion.
Product Definition:
Thermosetting coatings are polymer-based, and cure (harden) after application to form a tough, protective finish. They are often used in industrial applications where a durable coating is required.
Amino Alkyd Coating:
Amino alkyd coating is a two-component system consisting of an amino resin base and an alkyd resin. The product is manufactured by reacting the appropriate proportions of raw materials under controlled conditions. The reaction takes place through a catalyst usually located in the middle of the mixture.
Thermosetting Acrylic Coating:
Thermosetting acrylic coatings are a special type of resin-based coating, which is thermosetting in nature. It has high heat resistance and excellent mechanical properties. Thermosetting acrylic coating is used for automotive applications such as engine components, transmission cases, brake systems and other vehicle components due to its excellent heat resistance property.
Application Insights:
Building was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. Thermosetting coatings are widely used for exterior as well as interior applications in buildings owing to their superior characteristics, such as resistance against moisture, temperature and chemicals. These coatings also have a high resistance towards abrasion which makes them ideal for industrial building applications.
The others segment includes transportation equipment, consumer goods and other industrial equipment where durability is of utmost importance. The products are applied using various techniques including electrostatic coating or powder flocking on metal surfaces that require protection from harsh environments such as snow or rainwater splashing off the vehicle¢â‚¬â„¢s bodywork during driving in wet weather conditions.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the region. In addition, growing automotive production in countries such as China, India, Thailand and Indonesia will drive demand for these thermosetting coatings over the forecast period.
The growth of end-use industries such as electrical & electronics manufacturing; automotive; building & construction materials; marine etc., on account of rising disposable income coupled with expanding population in emerging economies including China and India is anticipated to augment industry size over the coming years.
Growth Factors:
- Increasing demand from construction and automotive industries
- Rising awareness about the benefits of thermosetting coatings over traditional coatings
- Growing demand for lightweight and durable coatings
- Technological advancements in thermosetting coating technologies
- Stringent environmental regulations mandating the use of low-emitting coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermosetting Coatings Market Research Report
By Type
Amino Alkyd Coating, Thermosetting Acrylic Coating, Epoxy Resin Coating, Polyurethane Coating, Others
By Application
Car, Electronic Product, Building, Others
By Companies
AkzoNobel, PPG, Sherwin Williams, Nippon Paint Holdings, RPM, Axalta, BASF, Kansai Paint, AsianPaints, BEHR, AkzoNobel, Jotun, Xiangjiang Paint, Sankeshu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Thermosetting Coatings Market Report Segments:
The global Thermosetting Coatings market is segmented on the basis of:
Types
Amino Alkyd Coating, Thermosetting Acrylic Coating, Epoxy Resin Coating, Polyurethane Coating, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car, Electronic Product, Building, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- PPG
- Sherwin Williams
- Nippon Paint Holdings
- RPM
- Axalta
- BASF
- Kansai Paint
- AsianPaints
- BEHR
- AkzoNobel
- Jotun
- Xiangjiang Paint
- Sankeshu
Highlights of The Thermosetting Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Amino Alkyd Coating
- Thermosetting Acrylic Coating
- Epoxy Resin Coating
- Polyurethane Coating
- Others
- By Application:
- Car
- Electronic Product
- Building
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermosetting Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermosetting coatings are a type of coating that harden when heated. This means that the coating will not peel or flake off like other coatings, and it can be difficult to remove.
Some of the major players in the thermosetting coatings market are AkzoNobel, PPG, Sherwin Williams, Nippon Paint Holdings, RPM, Axalta, BASF, Kansai Paint, AsianPaints, BEHR, AkzoNobel, Jotun, Xiangjiang Paint, Sankeshu.
The thermosetting coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermosetting Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermosetting Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermosetting Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermosetting Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermosetting Coatings Market Size & Forecast, 2018-2028
4.5.1 Thermosetting Coatings Market Size and Y-o-Y Growth
4.5.2 Thermosetting Coatings Market Absolute $ Opportunity
Chapter 5 Global Thermosetting Coatings Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermosetting Coatings Market Size Forecast by Type
5.2.1 Amino Alkyd Coating
5.2.2 Thermosetting Acrylic Coating
5.2.3 Epoxy Resin Coating
5.2.4 Polyurethane Coating
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermosetting Coatings Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermosetting Coatings Market Size Forecast by Applications
6.2.1 Car
6.2.2 Electronic Product
6.2.3 Building
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermosetting Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermosetting Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermosetting Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Thermosetting Coatings Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermosetting Coatings Market Size Forecast by Type
9.6.1 Amino Alkyd Coating
9.6.2 Thermosetting Acrylic Coating
9.6.3 Epoxy Resin Coating
9.6.4 Polyurethane Coating
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermosetting Coatings Market Size Forecast by Applications
9.10.1 Car
9.10.2 Electronic Product
9.10.3 Building
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermosetting Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Thermosetting Coatings Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermosetting Coatings Market Size Forecast by Type
10.6.1 Amino Alkyd Coating
10.6.2 Thermosetting Acrylic Coating
10.6.3 Epoxy Resin Coating
10.6.4 Polyurethane Coating
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermosetting Coatings Market Size Forecast by Applications
10.10.1 Car
10.10.2 Electronic Product
10.10.3 Building
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermosetting Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermosetting Coatings Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermosetting Coatings Market Size Forecast by Type
11.6.1 Amino Alkyd Coating
11.6.2 Thermosetting Acrylic Coating
11.6.3 Epoxy Resin Coating
11.6.4 Polyurethane Coating
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermosetting Coatings Market Size Forecast by Applications
11.10.1 Car
11.10.2 Electronic Product
11.10.3 Building
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermosetting Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermosetting Coatings Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermosetting Coatings Market Size Forecast by Type
12.6.1 Amino Alkyd Coating
12.6.2 Thermosetting Acrylic Coating
12.6.3 Epoxy Resin Coating
12.6.4 Polyurethane Coating
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermosetting Coatings Market Size Forecast by Applications
12.10.1 Car
12.10.2 Electronic Product
12.10.3 Building
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermosetting Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermosetting Coatings Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermosetting Coatings Market Size Forecast by Type
13.6.1 Amino Alkyd Coating
13.6.2 Thermosetting Acrylic Coating
13.6.3 Epoxy Resin Coating
13.6.4 Polyurethane Coating
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermosetting Coatings Market Size Forecast by Applications
13.10.1 Car
13.10.2 Electronic Product
13.10.3 Building
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermosetting Coatings Market: Competitive Dashboard
14.2 Global Thermosetting Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 PPG
14.3.3 Sherwin Williams
14.3.4 Nippon Paint Holdings
14.3.5 RPM
14.3.6 Axalta
14.3.7 BASF
14.3.8 Kansai Paint
14.3.9 AsianPaints
14.3.10 BEHR
14.3.11 AkzoNobel
14.3.12 Jotun
14.3.13 Xiangjiang Paint
14.3.14 Sankeshu
