In-Mold Coatings Market

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

Industry Snapshot

Persistence Market Research has predicted in-mold coating sales to witness a CAGR of 5.3% and top a valuation of US$ 355 Mn by 2031. As per the latest market study, Europe is a dominating region in the market, anticipated to hold around 32% market share. Demand for water-based in-mold coatings is expected to surge 1.8X over the next ten years owing to their eco-friendly nature.

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  • 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.

Key Insights Offered in In-Mold Coatings Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on In-Mold Coating Demand and How to Navigate
  • Recommendation on Key Winning Strategies

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Consumption Analysis of In-Mold Coatings from 2016-2020 Vs Market Projections for 2021-2031

As per the latest market study, sales of in-mold coatings increased at a CAGR of 3.5% during the historical assessment period of 2016-2020, creating a total incremental dollar opportunity of US$ 26.2 Mn during the same period. Demand witnessed a rise due to remarkable growth of end-use industries, including automotive, transportation, building and construction, and others.

Newly released in-mold coatings industry analysis shows that global demand for water-based coatings is expected to enjoy Year-on-Year (YoY) growth of 4.7% in 2021 to a total of 9,120 tons. The powder-based segment is expected grow 3.5% to reach 2,311 tons, while sales of solvent-based coatings are anticipated to grow at 4.6%.

Automobile production has been increasing at a substantial rate over the recent past. Around 78 million vehicles were sold in 2020 despite economic imbalances caused by the COVID-19 pandemic.

Growing population and rise in disposable income of the population all over the world are expected to elevate global vehicle sales over the coming years. Rising sales of automobiles is driving the growth of the automotive industry, which is a key consumer of in-mold coatings.

Nowadays, demand for ecofriendly products is increasing at a substantial rate, owing to rising awareness about the use of eco-friendly products to protect the environment and human health. Owing to this, a large consumer demographic is shifting toward water-based coatings.

In addition, consistent growth of the construction industry coupled with increasing modernization in building and infrastructure development requires production of a lot of complex geometric shapes, which is creating high demand for in-mold coatings in this sector.

Owing to these factors, the global in-mold coatings market value is anticipated to witness substantial growth at a CAGR of 5.3% through 2031.

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What Opportunities Do In-Mold Coating Manufacturers Need to Look Out For?

Manufacturers are constantly engaging in providing tailored solutions to consumers. Various research & development activities are exploring the development of products that are more efficient and require less maintenance.

Growing awareness about the use of functional coatings can create robust opportunities for in-mold coatings. Development of such products can create a huge consumer base for in-mold coatings over the coming years.

Furthermore, various government initiatives to promote industrialization in countries such as India, China, Mexico, and others are leading to steady growth of the industrial sector. Owing to the cost competitiveness and skilled labor available in China and India, industrialization is experiencing rapid growth.

High growth potential in emerging economies of automotive and other industries is likely to create robust opportunities for in-mold coating suppliers over the decade.

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What Is Hindering Demand Growth of In-Mold Coatings?

High cost of production is a factor that restrains demand growth of composite coatings. Lack of low-tier manufacturing support might hamper sales of in-mold coatings in the global market.

High cost of raw materials for manufactures of composites also acts as a restraint. Additionally, recyclability of composites is also posing as a threat to market progress.

Moreover, solvents are generally derived from refinery operations and petrochemical feedstock, and are widely consumed by the coatings industry. This industry uses a substantial quantity of petrochemical and non-petrochemical feedstock.

Owing to fluctuations in crude oil and gas prices, volatility in raw material costs has been witnessed in the paint and coatings sector in the last couple of years. This can lead to pressure on the profit margins of in-mold coating producers, thus restraining market growth.

Which Region Offers the Largest Opportunity for Sales of In-Mold Coatings?

Europe currently holds dominance in the global industry owing to strong presence of end-use industries. The region offers access to cutting-edge technologies and solutions, which attracts manufacturers to invest here.

The region has countries with developed research & development facilities that implant modernization and improved technologies in various fields. Owing to this factor, demand for in-mold coatings is growing in construction, automotive and various other end-use sectors.

However, stringent regulations imposed over VOC content and various other non-environment-friendly products in the region is a long standing challenge for manufacturers.


Country-wise Analysis

What is Germany a Key Market for In-Mold Coatings?

Germany is a key country in the in-mold coatings space. Germany is anticipated to hold around 25% of the European market share, and is likely to gain more than 80 BPS by the end of 2031, owing to substantial growth of end-use industries such as automotive, building and construction, transportation, and various others.

Strong production capacity and well-developed research & development facilities of automobiles make Germany a lucrative market for in-mold coating manufacturers.

What Is Growth Outlook for India in the In-Mold Coatings Space?

India is an emerging economy, and growing foreign direct investment and various government initiatives to promote industrialization are elevating demand for in-mold coatings at a rapid pace.

Sales of in-mold coatings in the country are expected to surge at a remarkable growth rate of around 5.8% over the decade.

Will the U.S. Remain a Lucrative Market for In-Mold Coatings?

In 2021, the US in-mold coatings market is expected to grow 4.9% year-on-year, bucking initial skepticism about how the market would perform during a global pandemic. Across the whole of North America, total sales of in-mold coatings are expected to reach US$ 52.6 Mn.

Strong research & development facilities and a population highly aware of eco-friendly products are promoting the sales of water based coatings in the country.

Category-wise Insights

Which is the Highest Selling Type of In-Mold Coatings?

Demand of water-based in-mold coatings is expected to increase 5.8% in 2021, which is anticipated to give the overall in-mold coatings industry year-over-year growth of 4.7%, according to the Persistence Market Research report.

On the other hand, solvent-based in-mold coatings are expected to experience decrease in share by the end of the forecast period, owing to shifting consumer demand towards eco-friendly products. However, solvent-based in-mold coatings are still highly sought-after. Revenue from this segment is expected to increase at 4.3% year-over-year in 2021.

Which End-use Industry is a Prominent Consumer of In-Mold Coatings?

The automotive industry is a major consumer of in-mold coatings. The industry is anticipated to consume more than 30% of in-mold coatings produced globally.

Consistent growth in the production of automotive across the globe is elevating demand for in-mold coatings in this sector, which is expected to continue over the forecast period as well.

Competitive Landscape

Key manufacturers are engaged in strategic acquisitions/mergers and collaborations for their overall development.

  • 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 March 2021, Akzo Nobel N.V. (AKZA; AKZOY) completed the purchase of 100 percent shares of Industrias Titan S.A.U. (Titan Paints), expanding its paints business and footprint in Spain, to become a regional market leader.

In-Mold Coatings Industry Report Scope



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
  • The Middle East and Africa

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • China
  • Japan
  • South Korea
  • India
  • Oceania
  • South Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Northern 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.


Available upon Request

Key Segments Covered

By Product Type

  • Water-based In-Mold Coatings
  • Solvent-based In-Mold Coatings
  • Powder-based In-Mold Coatings

By Application

  • In-Mold Coatings for Electronics & Appliances
  • In-Mold Coatings for Automotive
    • Exteriors
    • Others
  • In-Mold Coatings for Trucks
  • In-Mold Coatings for Railways
  • In-Mold Coatings for Sanitary Products
  • In-Mold Coatings for Building & Construction
  • Medical In-Mold Coatings
  • Others

By Resin Technology

  • Polyurethane
  • Others

By Formulation

  • One Component In-Mold Coatings
  • Two Component In-Mold Coatings

By Coating Layer

  • Primer In-Mold Coatings
  • Top Coat In-Mold Coatings

By Substrate

  • Thermoplastic
  • Thermosetting
    • SMC
    • BMC
    • Others

By Physical Form

  • Flexible In-Mold Coatings
  • Rigid In-Mold Coatings

FAQs Answered in Study

  • How much is the global in-mold coatings market valued at currently?

    The global in-mold coatings market is currently valued at around US$ 212.4 Mn.

  • What is the main factor driving demand for in-mold coatings?

    Growing automobile sales expected to drive demand in automobile and transportation end-use sector.

  • At what CAGR did demand for in-mold coatings increase over the past 5 years?

    From 2016 to 2020, demand for in-mold coatings increased at a CAGR of 3.5%.

  • What will be the demand outlook for in-mold coatings through 2031?

    Sales of in-mold coatings are projected to increase at 5.3% CAGR and be valued at over US$ 355 Mn by 2031.

  • What are the key trends being witnessed in this marketplace?

    Strategic acquisitions/mergers and collaborations for overall development are key trends prevalent in this space.

  • What is the market share of the top 5 manufacturers of in-mold coatings?

    Top 5 in-mold coating manufacturers account for around 35% market share.

  • Which countries in Europe are leading the regional market?

    The market in Germany is slated to expand at 5.5% CAGR, while that in Russia-at 4.7% CAGR through 2031.

  • Which are the top 5 countries driving most of the demand for in-mold coatings?

    The U.S., China, India, Germany, and Russia are major demand centers for in-mold coatings.

  • Which countries are key producers and exporters of in-mold coatings?

    The U.S., China, and India are key producers and exporters of in-mold coatings.

  • How is the in-mold coatings market faring in Japan and South Korea?

    Japan holds 3.2% market share while South Korea has a share of 1%.

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