Global Polyester Coatings Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Water-based and Solvent-based.

By Application;

Building and Construction, Automotive, Aviation and Marine.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn782776506 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Polyester Coatings Market (USD Million), 2021 - 2031

In the year 2024, the Global Polyester Coatings Market was valued at USD 11,165.60 million. The size of this market is expected to increase to USD 14,399.04 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.7%.

The global polyester coatings market has witnessed substantial growth over recent years, driven by increasing demand from various end-use industries such as automotive, construction, and electronics. Polyester coatings are favored for their excellent durability, resistance to weathering, and aesthetic appeal, making them a popular choice for both functional and decorative applications. This growth is further supported by advancements in coating technologies and the rising emphasis on sustainable and eco-friendly products.

The market is characterized by a diverse range of applications, including architectural coatings, automotive refinishing, and industrial coatings. Architectural coatings, in particular, have seen a surge in demand due to urbanization and infrastructure development. Additionally, the automotive sector's growing focus on enhancing vehicle aesthetics and durability has significantly contributed to the market's expansion. Innovations in polyester formulations and application techniques are also driving the market, offering improved performance and cost-efficiency.

Geographically, the global polyester coatings market is experiencing growth across regions, with Asia-Pacific emerging as a dominant player due to rapid industrialization and infrastructure development. North America and Europe also hold substantial market shares, driven by technological advancements and stringent regulations promoting environmentally friendly products. The competitive landscape is marked by the presence of several key players investing in research and development to enhance product offerings and meet the evolving needs of various industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Polyester Coatings Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for automotive and industrial applications
        2. Growing construction industry
        3. Environmental regulations favoring eco-friendly coatings
      2. Restraints
        1. Volatility in raw material prices
        2. High initial costs
        3. Competition from alternative coating technologies
      3. Opportunities
        1. Technological advancements in coating formulations
        2. Expansion into emerging markets
        3. Increasing demand for durable and sustainable coatings
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Polyester Coatings Market, By Type, 2021 - 2031 (USD Million)
      1. Water-based
      2. Solvent-based
    2. Global Polyester Coatings Market, By Application, 2021 - 2031 (USD Million)
      1. Building and Construction
      2. Automotive
      3. Aviation
      4. Marine
    3. Global Polyester Coatings Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. PPG Industries, Inc.
      2. AkzoNobel N.V.
      3. Sherwin-Williams Company
      4. BASF SE
      5. Nippon Paint Holdings Co., Ltd.
      6. Kansai Paint Co., Ltd.
      7. Axalta Coating Systems Ltd.
      8. Jotun A/S
      9. RPM International Inc.
      10. Berger Paints India Limited
  7. Analyst Views
  8. Future Outlook of the Market