Global coating market size

• The global industrial coatings market is projected to grow from $137.1 billion in 2021 to $183.2 billion in 2028 at a CAGR of 4.2% in the forecast period, 2021–2028.
• Industrial coatings are used for different applications to ensure resistance to anti-corrosion, surge durability, prevent wear & tear, and increase operational efficiency.
• The growing demand for environmentally friendly coatings, as well as the need for efficient processes and durable coatings with better aesthetics, are the major factor driving the industrial coatings market growth. Source

Challenges in coating industries

• Regulations that will affect coatings suppliers and manufacturers: Chemicals like Nonylphenol ethoxylate (NPE), 2-amino-1-naphthalenol (APE), N-Methylpyrrolidone (NMP) and heavy metals like cobalt have already been banned in different parts of the world. Markets will push coating companies to reformulate to more sustainable or green chemistries.
• Cost reduction of technologies using sustainable route.
• Environmental conditions play a crucial role such as humidity, extreme weathering conditions, humidity on coating process.
• Maintenance of supply chain during situations like pandemic. Source

Growth and opportunity to expand market

• Asia Pacific industrial coating market has shown exponential growth in past and same continues in future.
• The Middle East and Africa's markets are expected to expand due to the region's growing demand for white goods, fueled by lower interest rates on buying.
• As coating producers raise awareness about the advantages of employing the proper coating materials for various application sectors such as automotive, marine, packaging, and others, it is also expected to generate many prospects for products such as oil coatings, which will drive the market's growth. Source

Regions / Companies shown

Europe

• SAM

America

• SIERRA - Coating Technologies

Middle East and Africa

• ASCO

Asia Pacific

• SCITEC - A brand of Synthex (?)

Top Players

SAM - Solutions Start With SAM

• Since 1960, SAM is a world leader in the engineering and manufacturing of solution coating, extrusion coating and laminating lines, as well as printing machinery for the converting industry.
• SAM offers a wide range of tailor-made converting machines and individual components which meet and even exceed the highest international standards and requirements of our global customer base. This includes solution coating and laminating machines for paper, film and foil, including coating stations for 100% solids, water and solvent-based coating media, extrusion coating and laminating lines as well as turret winders, air flotation and roller-supported dryers incl. accurate web handling and precise tension control. A full range of rotogravure printing machines completes the product portfolio.
• The different product offerings are delivered for individual combinations and operate in an inline mode. Source

SIERRA - Coating Technologies LLC

• Custom converter providing coating and laminating services for the printing and food packaging industries.
• Works with adhesive, coating, and film materials. Capabilities include gravure, offset gravure and slot die applications.
• Products include paper to paper and paperboard to film laminations, barrier coating, digital print coatings, dry wire, aqueous, primers, metallized & holographic film, tapes and label stocks, and silicone liners.
• Product development and contract manufacturing services available.
• Sierra has a successful business model that works with customers by developing new products and getting them to market quickly with a defined specification and cost.
• With multiple coating / laminating methods and a wide understanding of chemistry that works, Sierra brings quality and experience to the new product team. Source

ASCO - Engineering & Surface Technology

• ASCO is Dubai based company expert in Surface Coating & Precision Machining.
• ASCO have highly skilled team of thermal spray coating engineers who have over 80 years of experience providing a wealth of knowledge and solutions to global clients across multiple industry sectors. Source

SCITEC - Science & Technology Innovation

• Scitec Technologies is an Australia based company producing Roll-to-Roll Vacuum Coating Systems, experts in R2R deposition systems including the full range of high-temperature or chilled drum web vacuum deposition systems.
• Their substrate experience includes polymers, metals, and even textiles.
• They cover a wide range of materials and can provide coating services in their own facility.
• Their substrate experience includes polymers, metals, and even textiles.
• They provide coating services and product testing. Source