Automotive specialty coatings market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). Automotive specialized coatings are designed to provide vehicles with enhanced aesthetics, protection, and performance, catering to the evolving demands of consumers. The growing adoption of such protective coating is the key factor supporting the growth of the market globally. Protective coatings are a simple way to reduce corrosion, by limiting the exposure of the metal to a corrosive environment.
Commercial printing market is anticipated to grow at a significant CAGR of 3.5% during the forecast period. The increasing requirement of businesses and enterprises for advertising materials such as brochures and pamphlets is driving the demand for the commercial printing market.
The global automotive paints market is anticipated to grow at a significant CAGR of 4.2% during the forecast period. Government support to the automobile industry has been provided in a variety of forms, including subsidies to firms and direct involvement in industry restructuring plans. The increasing demand for automobiles results in increasing demand for automobile production is driving the growth of the automotive paint market over the forecast. According to India Brand Equity Foundation, in October 2021, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles reached 2,214,745 units.
The global industrial maintenance coating market is expected to grow at a significant CAGR during the forecast period (2021-2027). Coatings for industrial maintenance are used to prevent substrate deterioration caused by wastewater and water treatment, refining, and other processes.
The North American Dyes & Pigments market is anticipated to grow at a substantial CAGR of 7.9% during the forecast period. Strong macroeconomic conditions, combined with the ease of obtaining dyes and pigments from natural resources for sought-after fabric manufacturing, such as jute and cotton, will contribute to the market's growth in North America.
The Indian Dyes & Pigments market is anticipated to grow at a substantial CAGR of 11% during the forecast period. The increasing demand for organic pigments, as they are the most common type of pigment produced in India, accounting for approximately 58% of total pigment production is the major driver for the growing demand for dyes and pigments in India.
The European Dyes & Pigments market is anticipated to grow at a substantial CAGR of 5.9% during the forecast period. The growing urbanization, industrialization, and modernization are giving rise to increasing demand for organic pigments in the pharmaceutical industry and growing demand for bio-based paints and coatings in the region.
The Asia-Pacific Dyes & Pigments market is anticipated to grow at a substantial CAGR of 5.1% during the forecast period. Asia-Pacific is estimated to be the fastest-growing region in the dyes & pigments market.
The global market for Dyes & Pigments Market is projected to have a considerable CAGR of around 5.1% during the forecast period. The market is expected to grow due to increased demand from various application industries such as paints & coatings, construction, textiles, and plastics.
The North American antimicrobial coatings market is anticipated to grow at a substantial CAGR of 9.0% during the forecast period. Rising public awareness of infections caused by poor healthcare, a high-income level, and an elderly population should all contribute to market growth.
The European anti-microbial coatings market is projected to have a considerable CAGR of around 8.4% during the forecast period. The growing awareness of the importance of hygiene, as well as the massive expansion of the food, medical, and construction industries, are propelling the overall demand for antimicrobial coatings.
The Asia-Pacific market for anti-microbial coatings is projected to have a considerable CAGR of 11.5% during the forecast period. Asia-Pacific is projected to be the fastest-growing region in the anti-microbial coatings market.
The global anti-microbial coatings market is projected to have a considerable CAGR of 9.2% during the forecast period (2021-2027). The rising number of infectious diseases, as well as the growing use of antimicrobial coatings in healthcare facilities for sterilization of medical devices, drive the market for antimicrobial coatings.
North American aerospace antimicrobial coatings market is estimated to grow at a CAGR of 4.6% during the forecast period. The significant presence of major aircraft manufacturers is one of the major factors accelerating market growth. Boeing Inc., Bombardier Inc., and Cessna Aircraft Co. are some key aircraft manufacturers that operate in the region.
The European aerospace antimicrobial coatings market is estimated to grow at a CAGR of 4.2% during the forecast period. Significant focus on aircraft cleaning and disinfection and rising demand for commercial aircraft is one of the major factors resulting in increasing demand for antimicrobial coatings in the region.
The Asia-Pacific aerospace antimicrobial coatings market is estimated to grow at a CAGR of 6.8% during the forecast period. Emerging demand for commercial aircraft and increasing focus on cleanliness and passengers’ safety are some pivotal factors driving the market growth. In September 2019, Boeing reports that there is accelerating demand for commercial pilots, cabin crew, and technicians in the Asia-Pacific region.
The global aerospace antimicrobial coatings market is estimated to grow at a CAGR of 5.2% during the forecast period. The major factors encouraging the growth of the market include the rising focus on passengers’ health and increasing aircraft deliveries in both commercial and military fields. In 2019, Airbus handed more than 863 jets and Boeing delivered 380 aircraft.
The global market for industrial coatings is projected to have considerable CAGR of around 4.8% during the forecast period. The major factors that propels the industrial coatings market include growing trend towards eco-friendly coatings coupled with growing industrialization across the globe.
Nanocoatings market is estimated to grow at a CAGR of 22.6% during the forecast period. The major factors contributing to the growth of the market include the superior properties of nanocoatings and increasing application in the automobile and construction industry. The increasing demand for nanocoatings technology has been primarily witnessed owing to their excellent abilities. It offers multiple benefits, which include long-term and/or high-temperature corrosion resistance, surface hardness, adhesive strength, etc.
Global Powder Coatings Market is expected to grow at 6.8% CAGR during the forecasted period. With the technological development and innovations in the field of coating, the demand for a more environmentally friendly solution is increasing.
The global ceramic coatings market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. The factors that drive the global ceramic coatings include the unique properties that it possesses such as high refractoriness and hardness, low density, low coefficient of thermal expansion (CTE), and higher working temperatures among others. Ceramic coatings are also highly used in a variety of healthcare applications and as an alternative to various metals and plastics. Moreover, the market is also driven by the strong demand for advanced materials from the electrical and electronics sector. The electrical and electronic industry strongly depends on the characteristics of high-performance electrical composite materials.