In-Mold Coating Market

In-Mold Coating Market Study by Water-, Solvent-, and Powder-Based for Electronics & Appliances, Automotive, Trucks, Rail, Sanitary Products, Building & Construction, and Medical from 2024 to 2034

Analysis of In-Mold Coating Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

In-Mold Coating Market Outlook (2024 to 2034)

Worldwide revenue from the sales of in-mold coatings is set to reach US$ 243.7 million in 2024 and has been projected to increase at a CAGR of 5.7% to end up at US$ 424.2 million by 2034.

An in-mold coating (IMC) is a type of varnish that is applied or sprayed directly into the mold, right after the application of the release agent and right before the PU injection or pouring. These applications are mostly useful in various industries including automotive, textile, electrics, and electronics.

In-mold coatings can significantly increase the coefficient of friction from 0.45 to 0.05 microns, allowing tools to function even without applying mold release. Most mobile applications require a difference in hardness between moving materials. Some in-mold coatings available in the market have a coefficient of friction that enables two moving materials to glide smoothly without the need for lubrication or grease. This characteristic is significantly boosting sales of in-mold coatings.

Certain coatings are additionally applied to the mold assembly to assist in post-molding operations once the molded part is inserted. These operations, including painting, plating, and plastic parts manufacturing, contribute to the expansion of the in-mold coating market size. Due to extensive research, market suppliers have introduced DLC coating, or diamond-like coating, which is available from multiple sources. These coatings exhibit amorphous carbon material properties similar to diamond, offering superior hardness for high-speed automotive parts.

  • The market in Canada is projected to expand at a CAGR of 6.7% from 2024 to 2034.

Manufacturers are analyzing evolving market trends and adjusting their development strategies to establish their presence. New players are enhancing their manufacturing processes to offer durable and reliable products to earn customer trust.

Report Attributes Details
In-Mold Coating Market Size (2024E) US$ 243.7 Million
Forecasted Market Value (2034F) US$ 424.2 Million
Global Market Growth Rate (2024 to 2034) 5.7% CAGR
Canada Market Growth Rate (2024 to 2034) 6.7% CAGR
China Market Value (2034F) US$ 93.3 Million
North America Market Share (2024E) 28.6%
East Asia Market Share (2034F) 38.4%
Key Companies Profiled
  • AkzoNobel N.V.
  • PPG Industries
  • BASF SE
  • Valspar Corporation
  • Kansai Paint Co.
  • Axalta Coating Systems
  • Berlac Group
  • Chromaflo Technologies

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What are the Factors Driving In-Mold Coating Market Growth?

“Shift from PVC to In-Mold Applications Production of Interior Automotive Parts”

In-mold coatings have always been used in automotive parts, specifically in window encapsulations and steering wheels. In recent years, there has been a major emphasis on converting interior automotive parts from PVC to in-mold applications. This is one of the key in-mold coating market trends. In-mold coatings help increase throughput and improve the overall appearance of the parts.

Customers are actively looking to make automotive parts more aesthetically pleasing and unique according to their preferences. In-mold suppliers have adapted themselves to these needs and are working diligently to serve their customers. One factor driving market growth is the utilization of waterborne in-mold coatings. Such coatings offer excellent resistance to heat and abrasion, providing superior adhesion and low flammability.

“Cost-Effectiveness of In-Mold Coatings Compared to Traditional Electronic Parts”

The primary function of in-mold coatings in electronics is to integrate electronic circuitry directly into molded plastic components. This combines injection molding with printed electronics. This eliminates the need for separate circuit boards, connectors, and cables, resulting in a sleek and seamless human-machine interface (HMI) design. Customers favor seamless designs due to their cost-effectiveness compared to traditional electronic parts. There is a growing emphasis on the integration of touch sensors and other electronic components directly into the plastic surface.

In-mold electronics enable the creation of sleek, low-profile interfaces that seamlessly blend with the overall product design. This integration enhances the user experience and elevates the perceived value of the end product. These qualities have driven the extensive use of in-mold coatings in the electronics industry. Customers are actively seeking durable and hard-wearing coating materials to meet their evolving needs.

Which Challenges are Suppliers of In-Mold Coatings Tackling?

“Need for Investments in Machinery and Frequent Upgrades Increasing Operational Expenses”

High costs of the materials used in the manufacturing of in-mold coatings are hindering the growth of the market. Investments in machinery and regular upgrades further add to these costs, making it difficult for suppliers to operate profitably. Producing in-mold coatings in large volumes is necessary to achieve cost-effectiveness, posing another obstacle. Suppliers are striving to address these issues and find effective solutions. Alternative coating types, such as powder-based, liquid-based, and foam-based coatings, are being introduced.

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Country-wise Evaluation

The growth of the electronics sector in South Korea is boosting demand for in-mold coatings. According to Fact.MR, the market in South Korea is forecasted to expand at a CAGR of 8% from 2024 to 2034.

What are the Opportunities for In-mold Coating Suppliers in the United States?

“Rising Adoption of UV-curable Coatings for Superior Chemical and Scratch Resistance”

Attribute United States
Market Value (2024E) US$ 50 Million
Growth Rate (2024 to 2034) 6.1% CAGR
Projected Value (2034F) US$ 90.7 Million

Growing use of UV-curable coatings is one of the most noteworthy technological developments in the United States market. These coatings improve chemical and scratch resistance, offer shortened drying periods, and produce less environmental impact. The automotive and electronics sectors extensively use UV-curable in-mold coatings because of their glossy surfaces.

The in-mold decorating technique has been completely transformed by digital printing. Shorter lead times and increased design flexibility are made possible by it. In-mold coatings combined with digital printing technologies are being used by manufacturers in the country to produce complex and visually striking patterns on plastic components.

Nanotechnology helps in the production of specialized in-mold coatings with distinctive qualities, including anti-fingerprint, anti-scratch, and self-healing capabilities. In the luxury goods, automotive, and high-end consumer electronics sectors–where product durability and aesthetics are crucial–these cutting-edge coatings are becoming more and more popular.

Why are Sales of In-Mold Coatings Rising Fast in China?

“Emphasis on Durable and Cost-effective Coating Processes”

Attribute China
Market Value (2024E) US$ 50.6 Million
Growth Rate (2024 to 2034) 6.3% CAGR
Projected Value (2034F) US$ 93.3 Million

The automobile sector in China prioritizes the durability and toughness of its goods, and in-mold coatings are a desirable option. Because in-mold coatings do not require additional coating stages during the production process, they provide cost advantages. There is no need for further coating procedures or post-processing because the coating is put directly into the mold.

Because of this simplified process, in-mold coatings are more economically advantageous for automakers in China than traditional coating processes in terms of manufacturing time and cost. Regulations governing safety, quality, and emissions are stringent in the nation. Because in-mold coatings provide a consistent and uniform coating thickness and guarantee adherence to industry standards, they aid in meeting these regulatory criteria.

Category-wise Evaluation

Sales of scratch and mar additives are projected to increase at a CAGR of 6.6% from 2024 to 2034.

Which Application Accounts for Significant use of In-Mold Coatings?

“Slip Agent Additives Account for Significant Share Due to Improved Coefficient”

Attribute Slip Agent Additives
Segment Value (2024E) US$ 44 Million
Growth Rate (2024 to 2034) 6.2% CAGR
Projected Value (2034F) US$ 77.2 Million

Slip agent additives minimize friction between films and equipment, ensuring smooth movement through extrusion lines and downstream packaging operations, thus enhancing processing and end applications. Manufacturers have responded to the growing demand by boosting the supply of these additives. Customers are increasingly incorporating these materials into their appliances, and therefore, slip agent additives hold a leading in-mold coating market share in 2024.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Business Competition

The market for in-mold coatings is highly competitive, with both well-established businesses and up-and-coming competitors vying for market share as the need for long-lasting and aesthetically pleasing coatings grows. To maintain a competitive advantage, major players in this market are pursuing growth plans, strategic alliances, and research and development projects.

Key players in the in-mold coating market such as AkzoNobel N.V., PPG Industries, BASF SE, and Valspar Corporation are constantly coming up with new ideas and providing a broad selection of in-mold coating solutions to meet the needs of a variety of industrial applications.

Key Segments of In-Mold Coating Market Research

  • By Production Type :

    • Water-Based
    • Solvent-Based
    • Powder-Based
  • By End-use Industry :

    • Electronics & Appliances
    • Automotive
    • Trucks
    • Rail
    • Sanitary Products
    • Building & Construction
    • Medical
  • By Formulation :

    • One Component
    • Two Component
  • By Application :

    • Nucleating Agent Additives
    • Scratch and Mar Additives
    • Slip Agent Additives
    • Antistatic Agent Additives
    • Oxygen Barrier Additives
    • Flame Retardant Additives
    • Antioxidant Additives
  • By Coating Layer :

    • Primer
    • Top Coat
  • By Substrate :

    • Thermoplastic
    • Thermosetting
  • By Physical Form :

    • Flexible
    • Rigid
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the in-mold coating market size in 2024?

The market for in-mold coatings is estimated at US$ 243.7 million in 2024.

What is the sales value of in-mold coatings in the United States?

Sales of in-mold additives in the United States are estimated at US$ 50 million in 2024.

Which application holds a significant market share?

Slip agent additives account for 18.1% market share in 2024.

What is the forecasted value for the China market by 2034?

The market in China is forecasted to reach US$ 93.3 million by the end of 2034.

What are the projections for the market in S. Korea?

The S. Korea market is calculated to reach US$ 22.6 million by 2034.

Who are the key players in the market for in-mold coatings?

Key market players are AkzoNobel N.V., PPG Industries, BASF SE, and Valspar Corporation.

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In-Mold Coating Market

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