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  • 27 May 2019 22:47

Organic Coatings Market Continues Growth by 2026

The organic coatings market is witnessing growth significantly owing to rapid utilization of coatings in aerospace and automotive industries as it lowers the structural weight and provides cost benefits to the overall structure.

According to Acumen Research and Consulting, the global organic coatings market is anticipated to grow at significant CAGR throughout the forecast period.

Organic coatings, also called barrier coatings, are sustainable protective coats that are used to achieve decorative or specific technical characteristics on the substrats.

As a result of the rapid application of coverings in the aerospace and automotive sector, the market is experiencing significant growth as the structural weight is lowered and the overall structure benefits from costs. The organic coating property that constitutes a barrier between the substratum and the environment is expected to significantly increase market growth during the projected period. Another factor contributing to market growth is the growing demand for organic lacquers, mainly because of their chemical inertness and impermeability. Furthermore, the use of biofilming pigments that have passive effects and are applied especially on metal surfaces provides protection. Besides, existence of metallic pigments in organic coatings offers electrochemical shield to metals. These factors are attributed to drive the market during the forecast period.

The global organic coatings market can be segmented on the basis of product, end-use industry and geography. On the basis of product, the global market can be segmented into dry film lubricants, xylan coatings and others. On the basis of end-use industry, the market is segmented into automotive, aerospace/aviation, defense/military, maritime/naval, and electronics. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa (MEA). Asia-Pacific market is projected to be the fastest growing market owing to the number of players planning to set up their manufacturing base in this region.

Market Participants

Some of the key players operating in the global organic coatings market and profiled in the report include Plating Technology, Hi-Tech Metal Finishing, Anochrome Group, Akzo Nobel, AD International, Organic Coatings Limited, DeKalb Metal Finishing and other notable players.

Market Segmentation

Market By Product: Dry Film Lubricants, Xylan Coatings, Others

Market By End-Use Industry: Automotive, Aerospace/Aviation, Defense/Military, Maritime/Naval, Electronics

Market By Geography: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

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