- The automotive and aerospace industries are experiencing a robust growth, significantly boosting the demand for high-performance coatings
- In the automotive sector, by 2026, passenger vehicles are such asly to increase between 9.4–13.4 million units, commercial vehicles between 2.0–3.9 million units. Such surge necessitates coatings that enhance durability and aesthetics and provide resistance to extreme conditions, such as UV exposure and corrosion
- Asia-Pacific dominated the industrial coating market with the largest revenue share of 39.82% in 2024, driven by robust manufacturing output across automotive, electronics, and heavy industries, along with increasing adoption of advanced surface engineering technologies
- North America is projected to grow at the fastest CAGR of 8.1% during the forecast period from 2025 to 2032, supported by increased demand for high-performance coatings in aerospace, defense, and energy sectors
- The Acrylic segment dominated the market with the largest market revenue share of 28.5% in 2024, owing to its excellent weatherability, color retention, and cost-effectiveness across diverse industrial applications
