Global Scratch-resistant Coating Market Report and Forecast 2024-2032

Global Scratch-resistant Coating Market Report and Forecast 2024-2032

Global Scratch-Resistant Coating Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the scratch-resistant coating market size reached a value of USD 98.90 billion in 2023. Aided by the increasing demand for durable and long-lasting products across various sectors and the growing applications of scratch-resistant coatings in numerous sectors, the market is projected to further grow at a CAGR of 4.2% between 2024 and 2032 to reach a value of USD 143.76 billion by 2032.

Scratch-resistant coatings are protective layers applied to surfaces to enhance their durability and resistance to scratches. These coatings are commonly used on optical devices, automotive parts, electronics, and various consumer goods to prevent damage and extend product life. They are formulated using advanced materials such as polymers, ceramics, and nanocomposites to provide superior protection and maintain the aesthetic appeal of surfaces.

The increasing consumer preference for durable and long-lasting products is driving the scratch-resistant coating market growth. With the growing awareness of the benefits of scratch-resistant coatings, there has been a significant shift towards the adoption of these coatings in various applications. Additionally, the rising trend of high-end consumer electronics and the need for protecting valuable devices from everyday wear and tear have further contributed to the increasing popularity of scratch-resistant coatings.

The expanding applications of scratch-resistant coatings in various sectors also play a significant role in propelling the market. In the automotive industry, scratch-resistant coatings are used to protect the exterior and interior surfaces of vehicles, ensuring long-lasting aesthetics and durability. The electronics sector utilises these coatings to safeguard screens and lenses of smartphones, tablets, and other devices. Moreover, the construction industry benefits from scratch-resistant coatings in protecting windows, doors, and other surfaces from damage.

Further, the growing focus on sustainable and eco-friendly coatings has led to an increased demand for innovative scratch-resistant solutions. With the rise of environmentally conscious consumers and the need to reduce the environmental impact of products, scratch-resistant coating manufacturers are increasingly focusing on developing sustainable and eco-friendly formulations. This trend is expected to boost the scratch-resistant coating market expansion in the coming years, consequently driving up the scratch-resistant coating market share.

North America is a significant market for scratch-resistant coatings, driven by the high demand for durable and long-lasting products in industries such as automotive, electronics, and construction. The region's focus on technological advancements and innovation is also supporting market growth.

Europe is a prominent market for scratch-resistant coatings, with countries such as Germany, the United Kingdom, and France leading the adoption of these coatings. The region's emphasis on sustainability and eco-friendly solutions is driving the demand for innovative scratch-resistant coatings.

As per the scratch-resistant coating market analysis, the Asia-Pacific region is expected to witness significant growth in the scratch-resistant coating market, owing to the rapid industrialisation, increasing demand for consumer electronics, and growing automotive production. Countries such as China, India, and Japan are major contributors to the market growth in this region.

The Latin America scratch-resistant coating market is growing steadily, driven by the increasing demand for durable and high-quality products in various sectors. The region's focus on improving manufacturing infrastructure is also supporting market growth.

Market Segmentation

The market can be divided based on type, end use and region

Market Breakup by Type

• Polymer Coatings
• Metal Coatings
• Ceramic Coatings
• Others

Market Breakup by End Use

• Oil and Gas
• Marine
• Power Generation
• Transportation
• Mining
• Construction
• Others

Market Breakup by Region

• North America
• Europe
• Middle East and Africa
• Asia Pacific
• Latin America

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in scratch-resistant coating market. some of the major players explored in the report by expert market research are as follows:

• Henkel AG & Co KGaA
• Jotun A/S
• Hempel A/S
• Arkema Group
• Akzo Nobel NV
• PPG Industries, Inc.
• DuPont de Nemours, Inc.
• The Sherwin-Williams Company
• Bodycote plc
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.