Stain Resistant Coatings Market

Stain Resistant Coatings Market Growth Outlook (2023 to 2033)

Based on the analysis by Fact.MR, the global stain-resistant coatings market is valued be US$ 3.1 billion in 2023 and it is anticipated to grow at a CAGR of 6.8% during the forecast period from 2023-2033.

Stain-resistant coatings are coatings used to safeguard products or structures from contamination by atmospheric dust, oil & grease stains, abrasions, UV discoloration, and others. On the back of the aforementioned factors, stain-resistant coatings witnessed high demand from the end-use verticals such as construction, automotive, textiles, and others.

Report Attributes	Details
Stain Resistant Coatings Market Size (2022A)	US$ 2.9 Billion
Estimated Market Value (2023E)	US$ 3.1 Billion
Forecasted Market Value (2033F)	US$ 6.0 Billion
Global Market Growth Rate (2023-2033)	6.8% CAGR
North America Market Share (2023)	24.8%
Market Share of Top Companies	32.6%
Key Companies Profiled	3M Akzo Nobel N.V. APV Engineered Coatings Axalta Coating Systems LLC BASF SE Dow Company

Historic and Future Pathway Analysis for the Stain Resistant Coatings Market

With the rising awareness regarding the use of eco-friendly low VOC emitting coatings, water-based stain-resistant coatings are gaining traction. Further, ongoing research and development lead to the introduction of green coatings which may be commercialized globally in forthcoming years. Such factors are set to drive the stain-resistant coatings market across the globe during the forecast period.

• Short Term (2023-2026): With the growing construction and automotive sector the demand for stain-resistant coatings is anticipated to grow during the forecast period.
• Medium Term (2026-2029): Water-based solvent coating is likely to witness high growth opportunities on the back of stringent government regulation regarding the use of VOC emitting coatings.
• Long Term (2029-2033): Efforts led by market players such as research and development, product launch, and others, to remain competitive in the global market are likely to drive stain resistant coatings market in a long run.

On the back of the aforementioned facts, the market is anticipated to grow at a CAGR of 6.8% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics Overview

“Growing Construction Industry to Drive Stain Resistant Coatings Market”

The flourishing construction industry supplements the growth of the stain-resistant coatings market. For instance, the size of the construction industry was US$ 8.2 trillion in 2022, and it is anticipated that it will grow at a CAGR of 7.3% to reach a valuation of US$ 17.0 trillion by 2029.

The significant contribution to the growth of the global construction industry is majorly by four countries, including China, the US, India, and Indonesia, which collectively account for about 58.3% share of the total global construction industry.

Growing government investment in the development of large-scale infrastructure projects is likely to drive the global construction sector. With the growing construction sector, the demand for paints and coatings increases, to increase the durability of the structure, stain resistance, and more, which will contribute to the growth of the stain-resistant coatings market. Stain-resistant coatings are used to shield building structures from airborne contaminants and fend off contamination on the substrates.

“Factors to Restrain Stain Resistant Coatings Market Growth”

Chemicals with a negative environmental impact, such as polytetrafluoroethylene, ethylene tetrafluoroethylene, and polyvinylidene fluoride are used in stain resistant coatings.

Due to their harmful effects on the environment, these chemicals are under constant observation by numerous governing bodies and research organizations. They are part of the class of per-and poly-fluoroalkyl substances (PFAS), which includes the group of fluoropolymers.

Stain resistant coating materials are often non-degradable and cause environmental hazards. The production process of these coatings emits harmful substances impacting the environment and human health. Stringent oversight and rules by the governing bodies may hinder market expansion during the projection period.

Country-wise Insights

What are the Factors Driving Stain Resistant Coatings Demand Across China?

In light of the pandemic and related health crises in China, the healthcare industry witnessing a boom despite supply chain disruption. The growing hospital industry across the country's stain-resistant coatings market is anticipated with significant growth opportunities.

Hospital premises are among the areas where stain-resistant coatings will experience high demand as hospitals are prone to temporary or permanent stains of chemicals, medicines, bodily fluids, and others. To get rid of such stains chemicals such as hydrogen peroxide or powerful bleaching agents are used, which reduce the quality and service life of the linens used in operation theatres, wards, and others.

The adoption of stain-resistant textiles or stain-resistant coatings in hospital premises reduces the use of harmful chemicals which also affect human health by intermixing with air and irritating nasal passage. Such factors are likely to drive stain resistant coatings market across the country.

Why is the Indian Stain-Resistant Coatings Market Expected to Be Highly Lucrative?

With the growing automotive industry across India, the demand for stain-resistant coatings increased tremendously.

• For instance, the Indian passenger car market is estimated to grow at a CAGR of 9.0% between 2022 and 2027 and reach a valuation of US$ 54.8 billion in 2027 from US$ 32.7 billion in 2021.
• The Indian electric vehicle market is anticipated to reach US$ 7.1 billion by 2025 due to the growing disposable income and availability of cars at affordable rates.

On the back of growing public transport use, the stain-resistant coatings market is likely to witness high demand. The growing use of automobiles for both private and public use makes them prone to stains such as oil, grease, abrasion, and others, whose removal requires high capital investment.

With the implication of stain-resistant coatings, the stains can be easily removed and the high cost required for stain removal can be saved. Owing to the aforementioned factors, the growing automotive industry is likely to pave the way for the growth of the stain-resistant coatings market.

Category-wise Insights

Which Chemistry Segment Accounts for the Prominent Market Share?

In 2022, siloxane copolymers dominated the market for stain-resistant coatings. Siloxane copolymer-based coatings are used in a variety of industries as they possess easy cleaning properties and are user-friendly. These coatings are also a desirable option for achieving sustainability in stain-resistant coatings due to their low VOC content.

In light of the aforementioned factors, it is concluded that the siloxane copolymers segment is likely to witness high growth opportunities and is anticipated to drive stain resistant coatings market.

Why is Water-based Technology Gaining Traction?

Water-based stain-resistant coatings are effective at preventing UV fading and have great adhesion. Additionally, water-based stain-resistant coatings are environmentally friendly due to their low emissions of hazardous air pollutants (HAP) and VOCs.

Water-based stain-resistant coatings are the preferred choice for market participants due to their robust properties, which has increased the number of innovations in water-based technology. In addition, with the rising awareness regarding the use of eco-friendly products, consumers demand water-based solvents due to their low VOC emission and lesser harmful effect on the environment as traditional ones.

Hence, the shifting consumer preference and innovation by market players for water-based solvents are likely to drive the segment's growth in the long run which ensures stain resistant coatings market.

Market Player’s Key Stratagems

Manufacturers are focused on developing coatings using water as a solvent as it has fewer environmental effects compared to other solvents. In addition, the establishment of long-term trade relations with raw material providers and consumers enables the market players to survive during unfavorable trade situations. Further, product launch and pricing differentiation remain the go-to strategy to curb the demand pool.

• For instance, in October 2021, a Japan-based company, Teijin, displayed its new coating at the Composites and Advanced Materials Expo (CAMX) in North America based on siloxane chemistry.
• In March 2021, ClearSpan Structures launched PPG PSX 700 FD painting system, which includes stain-resistance customizations.

Fact.MR has provided detailed information about the price points of key manufacturers of stain-resistant coatings positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Stain Resistant Coatings Industry Research

• By Technology:

  • Solvent-based
  • Water-based
  • Other

• By Chemistry:

  • Siloxane Copolymers
  • Polytetrafluoroethylene (PTFE)
  • Ethylene Tetrafluoroethylene (ETFE)
  • Polyvinylidene Fluoride (PVDF)
  • Other

• By Application:

  • Architectural Coatings
  • Textile Softeners & Repellents
  • Cookware & Bakeware
  • Transportation
  • Other

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA