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In-Mold Coatings Market

Global Market Study on In-Mold Coatings: Demand Growth from Automotive Sector to Remain Consistent

In-Mold Coatings Market Analysis and Review by Product Type (Water-based, Solvent based & Powder)

Market Snapshot

Newly released data on the In-Mold Coatings market shows that global sales are expected to reach around US$ 234.3 Mn by the end of 2023. The demand for In-Mold Coatings is projected to register a growth rate of about 5.3% during the forecast period of 2023 to 2033.

Attributes Key Insights

In-Mold Coatings Market Value (2022A)

US$ 222.8 Mn

In-Mold Coatings Market Estimation (2023E)

US$ 234.3 Mn

In-Mold Coatings Market Forecast (2033F)

US$ 392.8 Mn

Value CAGR (2023-2033)


Collective Value Share: Top 3 Countries (2022A)


According to Persistence Market Research, global In-Mold Coatings consumption is expected to reach US$ 392.8 Mn by the end of 2033. The global In-Mold Coatings market is predicted to witness healthy year-over-year growth, especially in East Asia and Europe, owing to the expanding middle-class population and growth in the use of vehicles in these regions, which is projected to boost the demand for In-Mold Coatings over the forecast period.

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Consumption Analysis of In-Mold Coatings from 2017 to 2022 Vs Market Outlook for 2023 to 2033

In-Mold Coatings are coatings where the plastic/composite or textile is given a technical finish or a decorative surface before the molding material is introduced into the tool. Technical finishes, such as soft-touch materials and decorative coatings, are applied directly to the surface of the tool under certain controlled parameters and as a part of the molding cycle. The market has witnessed a growth rate of about 3.8% between 2017 and 2022.

The automotive industry is the key consumer of in-mold coatings. Demand has witnessed a certain rise due to remarkable growth in end-use industries including automotive & transportation. During the pandemic time, the market witnessed a significant downfall, as the production of automobiles was on halt, which impacted the market.

With the promising growth in end use industries including building and construction, automotive, rail, trucks, and various others, demand for In-Mold Coatings is expected to witness stable growth during the forecast period. With the rise in the disposable income of consumers across the globe, demand for premium vehicles is increasing, which is elevating the demand for functional coatings, which in turn is benefitting the global In-Mold Coatings market over the forecast period.

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Key Opportunities Offered By Global In-Mold Coatings Market To Manufacturers

To comprehend the shifting demands, manufacturers never stop offering consumers custom solutions. Research and development efforts are looking towards creating products that are more effective and require less upkeep. In-mold coatings may benefit greatly from increased public awareness of the application of various functional coatings. Over the projection period, the development of such products might expand the market for in-mold coatings significantly.

Furthermore, the industrial sector is expanding steadily as a result of numerous government measures to encourage industrialization in countries such as China, Mexico, India, and others. Industrialization is advancing quickly because skilled labor is affordable and readily available in countries like India and China. Global population growth and an increase in per capita disposable income are fuelling vehicle sales and advancing the development of the automotive sector. For the automotive and other industries, emerging economies' high development potential is projected to generate a lot of opportunities over the forecast period.

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What are the key factors that may hinder market growth?

The development of in-mold coatings on a worldwide scale may be constrained by a lack of low-tier manufacturing support. A limitation is also imposed by the high cost of the raw materials used to produce composites. The market for in-mold coatings is also under pressure from the recyclability of composites.

Furthermore, the coatings sector consumes a significant amount of solvents, which are often produced from refinery processes and petrochemical feedstock. The feedstock used in the coatings business, both petrochemical and non-petrochemical, is used in large amounts. The paint and coatings industry has experienced fluctuating raw material costs over the past few years as a result of changes in the price of crude oil and gas. This might put pressure on in-mold coating manufacturers' profit margins, which would impede the market's growth.

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Growing Automobile Sales Expected to Increase Demand in Automobile and Transportation End-Use Sector

The recent past has seen a marked increase in the sales of automobiles. Even with the economic imbalances brought on by the new coronavirus pandemic, there were about 95 million vehicles produced in 2016 and about 78 million vehicles sold in 2020. Over the course of the projected period, it is anticipated that worldwide vehicle sales would increase due to the expanding population and rising disposable income of people worldwide. The rise in disposable income among automotive purchasers is elevating the demand for functional coatings over the forecast period.

Country-wise Analysis

What is the Consumption Outlook of In-Mold Coatings in the U.S.?

The United States is expected to remain one of the most important and influential markets. The US-based in-mold coatings manufacturers benefit from the country's strong research and development capabilities and facilities. The country's sales of water-based coatings are being boosted by the population's awareness of environmentally friendly products.

The demand for eco-friendly products is developing rapidly as people become more aware of the importance of using eco-friendly products to safeguard the environment and human health. As a result, a sizable customer population is migrating toward water-based coatings. Water-based coatings demand is predicted to increase significantly over the projection period. Considering all these factors, the U.S. is expected to hold more than 20% of the value share in the global market.

Why Does Germany Account for a significant share of the In-Mold Coatings market?

Germany is a key country in the in-mold coatings market. Germany is anticipated to hold around 7% of the Global market share and is likely to gain more than 80 more basis points share by the end of the forecast period owing to substantial growth from end-use industries including automotive, building and construction, transportation, and various others.

Germany is a lucrative market for in-mold coatings manufacturers because of its strong production capacity and well-developed research and development capabilities for automobiles.

Category-wise Insights

What Is the Growth Outlook of Solvent-based In-mold coatings during the Projected Period?

Solvent-based In-Mold Coatings are the selling product type. A solvent-based in-mold coating is necessary for saturating the cool surface and for protection against corrosion. Solvent-based In-Mold Coatings are especially applied on the cooled molded surface after the mold is removed from the curing press. When there is a need to maximize the efficiency of the process, solvent-based In-Mold Coatings may be preferred, as this method does not require cleaning before being placed back into service.

However, due to shifting customer preference for eco-friendly products, Solvent Based In-Mold Coatings is predicted to lose market share by the end of the projection period.

Which End Use Industry is the Key Consumer of the In-Mold Coatings market?

In-mold coatings are widely used in the automotive sector. The automotive industry is expected to consume more than 30% of all in-mold coatings manufactured worldwide. Consistent growth in the production of automobiles around the globe is increasing the need for in-mold coatings in the automotive sector over the forecast period.

In-Mold Coatings are used in automotive interior and exterior components. The interior automotive components manufactured using in-mold coatings include door linings, steering wheels, gear knobs, armrests, and others. For exterior automotive components, In-Mold Coatings are used during the manufacturing of bodywork, such as boot lids, bumpers, rear hatches, engine bonnets, and others. At present, the in-mold coating technology is extensively used by vehicle manufacturers, especially truck manufacturers.

Competitive Landscape

Key players are focusing on research and development of In-Mold Coatings as per the specifications required by end users to get a competitive edge in the market. Key players are also strengthening their supply and distribution networks to maximize the opportunity created by new and emerging markets.

Key Manufacturers are engaged in strategic acquisitions/mergers and strategic collaborations for the overall development of the company.

For Instance:

  • In March 2021, Akzo Nobel N.V. (AKZA; AKZOY) completed the purchase of 100 percent of the shares of Industrias Titan S.A.U. (Titan Paints), expanding its paints business and footprint in Spain to become a regional market leader.
  • In June 2021, AkzoNobel agreed to buy Grupo Orbis, a Colombian paints and coatings firm, in order to strengthen its long-term position in South and Central America. Completion is planned by the end of this year, or early in 2022, subject to regulatory clearances.

In-Mold Coatings Industry Report Scope

Attribute Details

Forecast Period


Historical Data Available for


Market Analysis

  • US$ Mn for Value
  • Tons for volume

Key Regions Covered

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

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Austria
  • Switzerland
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Product Type
  • Application
  • Resin Technology
  • Formulation
  • Coating Layer
  • Substrate
  • Physical Form
  • Region

Key Companies Profiled

  • Omnova Solutions Inc.
  • Akzo Nobel N.V.
  • Fujichem Sonneborn Limited
  • Adapta Color, S.L.
  • Emil Frei Gmbh & Co. Kg
  • Keck Chimie
  • Sherwin-William
  • Stahl Holdings B.V.
  • Berlac Group.
  • Protech Powder Coatings Inc
  • Chromaflo Technologies.
  • Plasti Dip International


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Key Segments Covered in In-Mold Coatings Market Research

By Product Type

  • Water Based
  • Solvent Based
  • Powder Based

By Application

  • Electronics & Appliances
  • Automotive
    • Exterior
    • Others
  • Truck
  • Rail
  • Sanitary Products
  • Building & Construction
  • Medical
  • Others

By Resin Technology

  • Polyurethane
  • Others

By Formulation

  • One Component
  • Two Component

By Coating Layer

  • Primer
  • Top Coat

By Substrate

  • Thermoplastic
  • Thermosetting
    • SMC
    • BMC
    • Others

By Physical Form

  • Flexible
  • Rigid

By Region

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

- Companies Covered in This Report -

  • Omnova Solutions Inc.
  • Akzo Nobel N.V.
  • Fujichem Sonneborn Limited
  • Adapta Color, S.L.
  • Emil Frei Gmbh & Co. Kg
  • Keck Chimie
  • Sherwin-William
  • Stahl Holdings B.V.
  • Berlac Group.
  • Protech Powder Coatings Inc
  • Chromaflo Technologies.
  • Plasti Dip International.

- Frequently Asked Questions -

The global In-Mold Coatings market is estimated to be valued at over US$ 222.8 Mn as of 2022.

Growing end-use industries & rising awareness of eco-friendly products are expected to drive market growth.

Consumption of In-Mold Coatings is projected to increase at a 5.3% CAGR between 2023 and 2033.

The market in India is set to expand at a 6.0% CAGR during the coming forecasted period.

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