Global market valuation was derived through production volume mapping and revenue analysis across the value chain. The methodology included:
Identification of 60+ key coating manufacturers and 40+ raw material suppliers across North America, Europe, Asia-Pacific, and Latin America
Product mapping across acrylic, epoxy, polyurethane, polyester, and fluoropolymer resin systems; solvent-based, water-based, and powder technologies; and end-use segments including automotive OEM, automotive refinish, general industrial, coil coatings, marine protective, and packaging coatings
Analysis of reported and modeled annual revenues specific to industrial coating portfolios, including trade data analysis for coating imports/exports by HS Code 3208 (paints and varnishes) and 3209 (based on synthetic polymers)
Coverage of manufacturers representing 75-80% of global market share in 2024
Extrapolation using bottom-up (surface area to be coated × coating thickness × density × price per liter by end-use industry and region) and top-down (manufacturer revenue validation adjusted for raw material cost pass-through) approaches to derive segment-specific valuations and technology penetration rates
The methodology accounts for volatile raw material costs (crude oil derivatives, titanium dioxide, epoxy resins), stringent environmental regulations driving water-based and powder coating adoption, and regional manufacturing shifts in automotive and industrial production hubs.